| Show educational preparation A growing requirement for success in business by HAROLD STONIER american bankers association TH ephe E g great e 11 school of experience is still holding classes in L america ame rica but the scientific spirit of the age has so generally invaded the workshops of industry and trade that they have largely become technical research and training laboratories in themselves andare and are fra no longer aunon run on the old fashioned cut and n id try methods of forin former br generations when experience peri ence was considered the only teacher it would be hard to find a working force in any preem preeminently pre em eminently ineptly successful business or industrial du organization in the united states today but what the dominating leadership is schooled inthe in the scientific prin principles caples of its ita specific field whether manufacturing merchandising chan dising or finance the rapidly advancing standards of business in this country with their relentless demands for efficiency as the only hope for survival in the competitive struggle for economic existence has sounded the death knell for guesswork and slipshod methods HAROLD STONIER As a result educational preparation in w the techniques of commerce industry and finance are virtually essential to outstanding success in these fields as it is already an absolute p prerequisite requisite re in the various recognized zed professions this is not to depreciate the value of native ability and experience in but education after all Is merely a men means tor for helping the individual to apply the net rood good of the accumulated experience of many to his own days work a means for helping special native ability to come into its own more rapidly and surely and for enabling all ceils classes es of ability to gain the maximum of success to which they are vi titled these facts are plainly recognized ny by practical workday work a day business in every line every progressive bustness business organization in america Is emph plia sizing the importance of ean education cation as 85 never lie before fore has come to be looked upon as the th e answer to many of the problems within the organization as wall as to problems affecting ind industry astry as a whole pu business siness org anzino institutes institutes tor for dev devening developing euing specifically qualified workers are being operated or organized in many field of corn com mercial and industrial activity these institutes ate ara tra trying ing various types of bif educational work with a distinct trend toward more and more emphasis upon Pilu cation for the rank a and nd file of busl busi ness of all gratis grades we have baye been having bus business ainess tau fall anres in this country at the rate of about 2000 a month this score speaks ibor tor itself it Is gl glaring iring evidence of incompetence 0 on n the part of thon thousands of business men in handling he the ims I ms inherent in their fields of endeavor the detailed records how chow cihat that practically 75 0 of business failure I 1 in this country Is due to lack of training and competence on the part 1 i ot of those W who ho tailed failed this ts is sive evidence eviden ae that no one can afford to undertake executive ba business siness re isloe without adequate deduc a 4 pon lon and training it Is tor for that reason ithac that every en lightened enlightened business organ Is today insisting as never neer be ore that its employees take advantage tage of some type tape of technical training ing american banking Is fortunate and has just cause for pride in that it has j a record of twenty eight years of dett bitely organized educational activity imong among its workers to it its s credit tor for de ve loping trained bankers people in banks in large numbers cumbe ra are taking advantage of the aduca educational binnal anity given by the great noncommercial commercial non college of ct the banking Iiii bubl siness ness the american institute of B anding dunking they see on every ban hand evidences of the value of the training it gives of the graduates of this institute 70 now occupy official positions in american banks the other 0 30 7 are still too young to have attained such heights here isan is an exam example pie and an encouragement acour argement to the people of all abines lines of business the american institute ot of banking ban king pas has a membership ot of 1 of these are clarq earp enrollments enrolments enrol I bents ments comprising younger bank people both men and women who are learning the scientific technique of their cho chosen en business at the same same time they are eni in the practical work of earning belr livings at it the difference between the enrolled in classes and nd the t otal membership corn com 1 old older er bankers who have taken the institute courses in the past or are at ther the present tiros time s sponsoring pome type ot of educational work in the organization banking educates its people it has bee been nesti estimated mated that there are probably ro bably bank officers and em lopees ilo in the united states at the present 4 time these figures would i ldean nean that about oner banker in every alx 1 Is either enrolled tn in institute 4 lasses in banking or Is actively sup orting some educational function of n he organization no statement could 1 possibly os sibly give more emphasis to the va p mp ortance ce placed on education by the banking interests ot of am america alca then 5 these facts this amerlean Amerl can institute ot Is the educational section ot of the american amerian bankers association it was formed twenty eight years ago by bank employees and officers and has been carried on ever since as ii a voluntary organization many students who have graduated continue their membership in order to give active support to some soma type ot of educational work other than the actual class program the greater part of the educational work Is carried on in cities and towns in the united states here the local chapter ot of the american institute ot of banking has its regularly organized courses ot of study under supervision of the national body with local instructors and directors to fulfil fulfill the standard requirements regarding text material and examinations instructors are recruited recruit eti from the staffs of leading universities from of the legal profession and from among accountants and bank men who have made a record in some held field of activity in banking that marks I 1 them as experts all listrud instructors tors must be approved by the national organization I 1 they are bompensa com compensated pensa ted by the local units the students aay pay tuition in which they are frequently aided by their employing banks and this together with contributions made by the banks tor for general classroom overhead finances the educational program I 1 education a pathway to advancement leading banks in various parts of I 1 the country are insisting that their employees employee take wo work rk in the institute this is frequently a part ol of their contract of employment at the time they enter the ban bank k it is also now quite generally understood in the field of american banking that study in the american institute of banking Is considered one of the basic factors in the promotion of the individual to a place of importance in a bank the standard certificate of the american institute of banking Is annually gaining a greater and wider recognition among practical bankers throughout the united states these certificates are arc coming to hive have the same importance in the banking world that certificates of education have in the field of the general professions this Is a practical example and one thoroughly well demo demonstrated nitrated by seasoned sone experience of the new spirit ot of american business |
