Texas Tech students go back to school on Aug. 28. This week, a different group of students will fill the halls of the Rawls College of Business.
The Texas Tech School of Banking was founded in 1973 as a professional program for bankers. The week-long program gives financial professionals the chance to learn about the latest trends and happenings in their industry.
To graduate from the school, students must attend for two years. The first year is more like a traditional academic program with lectures; second-year students team up and complete a simulation for practical experience.
Fifty-five total students are enrolled this year. Scott Hein, faculty director of the School of Banking, said most students are from the southwest, with about 15 percent from the Lubbock area. There have been a few international bankers attend the school, and Hein said a banker from Nigeria will be joining this year’s class.
Hein said most students have been in the banking industry for a few years and are on track to advance into management. Bankers at that level of their career often know their specialty well, Hein said, but know little about other areas of banking.
“It’s fairly common in banking, as many areas, that we get specialized,” Hein said. “The smaller banks, which really support the Texas Tech School of Banking and send their employees, recognize that as people move up the management ladder, they need to have exposure to greater breadths of understanding. So we have a broad program, especially in the first year.”
Some of the areas covered, Hein said, are fraud protection, technology and legislative issues. A few subjects are always in the curriculum, but others are added and abandoned as needed. An advisory board of professionals helps guide the agenda.
This blend of academic and professional instruction is one of the features of the school that makes it unique and impactful, Hein said.
“They’re bankers who know…