The Carlson School of Management at the University of Minnesota has launched a program to recruit and support military veterans for its master of business administration program, the Star Tribune reports.

Using the marketing slogan "Change your stripes," the Carlson School joins other colleges that are aiming to turn veterans into business executives, including Syracuse University, State University of New York-Empire State College and the University of South Florida-St. Petersburg.

The institutions were awarded $1.5 million in grant money last year to develop innovative MBA programs to turn veterans' military training and leadership experience into corporate skills.

The launch of the Carlson School's "Change your stripes" initiative comes about a month after the Graduate Management Admission Council -- which administers the graduate management admission exam -- announced it was partnering with Student Veterans of America to help students earn MBAs and other related degrees.

The website Military MBA is also available to guide veterans on their courses to earning an MBA.