Academic journal article ABA Banking Journal

Great Time to Prep Next Leaders

Academic journal article ABA Banking Journal

Great Time to Prep Next Leaders

Article excerpt

Succession planning is part of every CEO's job. But there's more to it than identifying the next occupant of the corner office. Succession is also about creating opportunities for talented individuals to develop their leadership potential.

ABA can provide that opportunity at our Stonier Graduate School of Banking.

Stonier has been preparing leaders since 1935, when Harold Stonier, who was then ABA's executive vice-president, saw the need for banker education. It was during a very challenging time for bankers, similar in some ways to what the industry is going through now.

Today Stonier emphasizes strategic planning, financial management, and leadership. It has aligned itself with the Wharton School at the University of Pennsylvania in Philadelphia, where Stonier is housed and classes are held. That gives Stonier students direct access to Wharton's faculty and their leading-edge research, knowledge, and thought leadership.

Most Stonier students are already among their bank's elite and hold the title of vice-president or senior vice-president. One in five is an EVP, chairman, or CEO.

Courses are held in three one-week sessions over a three-year period, plus extension work in between. Coursework is comprehensive. And there's a Capstone Project in which students apply what they learned at Stonier to their own organization.

Stonier students focus on strategy, planning, marketing, and performance measurement. They learn what drives success and the importance of leadership planning. …

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