I'm somewhat familiar with ITT Hartford's executive program. For most things like basic accounting, the expected people to learn it on their own, they taught it at the office, or they paid for courses at local colleges.
For the upper level management and people who were being groomed for upper level management, they used a different method. These people would go take executive MBA courses at top schools but they wouldn't get an executive MBA and the type of classes were different from a traditional MBA program. Much more managing other managers courses and strategic planning. These courses mirrored what Chris Coyne mentioned. But, managers didn't take more than two classes from any one school. So I know that they used the University of Michigan's Managing other Managers course, but not its advanced finance course (for that they used Wake Forest or UPenn). The idea was that you would get the best course in the country not just what was offered at any particular school. The other advantage was that employees never got an actual MBA. They had learned; and they had had nice trips, but they didn't have an MBA that they could put on their resume to take to other companies. That method makes a lot of sense to me, but I've never heard of any other company doing it that way. So does ITT-Hartford know something that no one else does, or is it the other way around? Mitch ----- Original Message ----- From: "Chris Coyne" <[EMAIL PROTECTED]> Date: Tuesday, March 12, 2002 0:20 am Subject: Re: MBA's for senior exec's > <html><div style='background-color:'><DIV> > <P>Yet another potential reason could be that these programs keep > executives up to speed on the latest management techniques, > technology, etc. Most MBA programs, from what I understand, are > less about lecturing and more about sharing various experiences > and case study analysis amongst the participants. Presenting > executives with the opportunity for continued education may be a > way to get them to think "out of the box" and to gain new, "fresh" > ideas and experiences through interaction with others outside of > their firm (and its culture). </P> > <P>I'm not sure about those at the executive level, but I know > that with lower to mid level employees, some firms require a > certain commitment after the degree is completed (at least that's > how it was in the IB industry) to ensure at least some return from > their investment. I would also put stock in Pete's efficiency > wage explanation since a major selling point of many firms is > their commitment to continued investment in the development of > their employees.</P></DIV> > <P> </P> > <DIV></DIV> > <P>Chris Coyne</P> > <DIV></DIV> > <P>Graduate Student</P> > <DIV></DIV> > <P>Department of Economics</P> > <DIV></DIV> > <P>George Mason University</P> > <DIV></DIV> > <P> > > </P> > <DIV></DIV> > <DIV></DIV> > <DIV></DIV> > <DIV></DIV> > <DIV></DIV>>From: "Peter J Boettke" <[EMAIL PROTECTED]> > <DIV></DIV> > <DIV></DIV>>Reply-To: [EMAIL PROTECTED] > <DIV></DIV> > <DIV></DIV>>To: <[EMAIL PROTECTED]> > <DIV></DIV> > <DIV></DIV>>Subject: Re: MBA's for senior exec's > <DIV></DIV> > <DIV></DIV>>Date: Mon, 11 Mar 2002 20:18:47 -0500 > <DIV></DIV> > <DIV></DIV>> > <DIV></DIV> > <DIV></DIV>>If it is not useful, then why do companies pay for > Executive MBA programs? > <DIV></DIV> > <DIV></DIV>>I have known several high ranking executives here > in the Northern Virginia > <DIV></DIV> > <DIV></DIV>>area --- for Mobil/Exxon and other companies --- > who have gone on to earn > <DIV></DIV> > <DIV></DIV>>Executive MBA's from Georgetown, Virginia or > William & Mary (alas GMU does > <DIV></DIV> > <DIV></DIV>>not compete well in this market). The programs are > expensive in terms of > <DIV></DIV> > <DIV></DIV>>tuition, but the treatment of the students is also > exotic --- a friend in > <DIV></DIV> > <DIV></DIV>>the Georgetown program had to go with his > classmates on a trip to China and > <DIV></DIV> > <DIV></DIV>>to Cancun as part of the program! Everyone I know > did not pay a dime for > <DIV></DIV> > <DIV></DIV>>their schooling --- their companies paid the entire > bill, plus made the > <DIV></DIV> > <DIV></DIV>>commitment to give them the release time from work > for course work and the > <DIV></DIV> > <DIV></DIV>>in-residence requirement. > <DIV></DIV> > <DIV></DIV>> > <DIV></DIV> > <DIV></DIV>>So what is the value-added? > <DIV></DIV> > <DIV></DIV>> > <DIV></DIV> > <DIV></DIV>>(A) Mid-career executives have already sent the > signal; > <DIV></DIV> > <DIV></DIV>>(B) Presumably at that stage of their career they > have also established > <DIV></DIV> > <DIV></DIV>>their network. > <DIV></DIV> > <DIV></DIV>> > <DIV></DIV> > <DIV></DIV>>So what could it be? > <DIV></DIV> > <DIV></DIV>> > <DIV></DIV> > <DIV></DIV>>There must be some value-added to the firm > otherwise why would they pay? Is > <DIV></DIV> > <DIV></DIV>>it a form of an efficiency wage? (I wouldn't want > to work for an employer > <DIV></DIV> > <DIV></DIV>>who wouldn't give educational benefits to its > employees --- and if they > <DIV></DIV> > <DIV></DIV>>do -- then boy do I work for a good company and > will bust my butt for them). > <DIV></DIV> > <DIV></DIV>> > <DIV></DIV> > <DIV></DIV>>Pete > <DIV></DIV> > <DIV></DIV>> > <DIV></DIV> > <DIV></DIV>>Peter J. Boettke, Deputy Director > <DIV></DIV> > <DIV></DIV>>James M. Buchanan Center for Political Economy > <DIV></DIV> > <DIV></DIV>>Department of Economics, MSN 3G4 > <DIV></DIV> > <DIV></DIV>>George Mason University > <DIV></DIV> > <DIV></DIV>>Fairfax, VA 22030 > <DIV></DIV> > <DIV></DIV>>PHONE: 703-993-1149 > <DIV></DIV> > <DIV></DIV>>FAX: 703-993-1133 > <DIV></DIV> > <DIV></DIV>>EMAIL: [EMAIL PROTECTED] > <DIV></DIV> > <DIV></DIV>>HOMEPAGE: > http://www.gmu.edu/departments/economics/pboettke > <DIV></DIV> > <DIV></DIV>>----- Original Message ----- > <DIV></DIV> > <DIV></DIV>>From: "fabio guillermo rojas" > <[EMAIL PROTECTED]><DIV></DIV> > <DIV></DIV>>To: <[EMAIL PROTECTED]> > <DIV></DIV> > <DIV></DIV>>Sent: Monday, March 11, 2002 5:14 PM > <DIV></DIV> > <DIV></DIV>>Subject: MBA's for senior exec's > <DIV></DIV> > <DIV></DIV>> > <DIV></DIV> > <DIV></DIV>> > <DIV></DIV> > <DIV></DIV>> > > <DIV></DIV> > <DIV></DIV>> > Why do older executives desire MBA's or B- > school Ph.D.'s? They don't > <DIV></DIV> > <DIV></DIV>> > need to signal brains because they have a > track record, and they > <DIV></DIV> > <DIV></DIV>> > won't learn much useful stuff. It can't > terribly useful credential > <DIV></DIV> > <DIV></DIV>> > when you are in mid or late career. Any > takes? or is this just > <DIV></DIV> > <DIV></DIV>> > consumption on the part of execs? > <DIV></DIV> > <DIV></DIV>> > > <DIV></DIV> > <DIV></DIV>> > Fabio > <DIV></DIV> > <DIV></DIV>> > > <DIV></DIV> > <DIV></DIV>> > > <DIV></DIV> > <DIV></DIV>> > > <DIV></DIV> > <DIV></DIV>> > <DIV></DIV> > <DIV></DIV> > <DIV></DIV></div><br clear=all><hr>Get your FREE download of MSN > Explorer at http://explorer.msn.com. > </html> >
