Thursday, October 3, 2013
U. Chicago announced a $5 million gift from a former investment banker alum that will be used to start a new program to train law students in the fundamentals of business so that they can take their career in that direction if they choose. Dean Michael Shill said the program will eschew more practical, clinical type courses and instead "double-down on analytical education." Smart people can pick up the practical stuff later. Students participating in the new program will receive a "non-degree" certificate they can show employers.
The Wall Street Journal Law Blog has more details:
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The new program will offer courses on finance, accounting and financial management, microeconomics, and business strategy, all taught by professors at the university’s Booth School of Business and open to only law students. Chicago’s pitch to law students is that they can get their law degree and cover the basics of an M.B.A.
Chicago law dean Michael Schill told Law Blog that the program is targeting students who want to have the option of moving over to a business career.
Students enrolled in the program will take four or five business courses spread over three years. That works out to about 15% of their total credits. Those who complete program will earn a non-degree “certificate” that they can tout to employers.
“We’re not in a situation where we need to do this. We’re over-enrolled,” said Mr. Schill. “We want to adapt to the new market realities.”
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The law school is using most of the money to pay Chicago business professors to teach the courses.
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