Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The National Black MBA Association is a professional association for African Americans with a Master of Business Administration. The National Black MBA Association was formed in 1970 and currently has 40 chapters and 6,000 members in the United States. In the year 2000 a Black MBA UK group was formed in England. The UK version of Black MBA was supported by public funding from the Phoenix Fund and from the European Social Fund. After dramatic growth over three years the UK Black MBA went bankrupt in 2004 and no longer exists as an entity. Much debate followed over the causes.