Word: amps
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...AMP was later joined in the 1950's by the 14-week Program for Management Development (PMD), intended for business managers of between five and 10 years of experience. In the early 1970's, two more extensive programs were added to the curriculum: the eight-week International Senior Managers Program for senior execs from multinational or non-U.S. companies and the nine-week Owner/President Management Program for top level management...
...programs' tuition costs vary depending on their length, but reach a high with the current $22,500 price tag for the PMD and AMP programs. The participant's sponsor company must agree to pay this fee--which covers room, board and tuition for the length of the program--in addition to paying the executive's salary during the time. The program brings in about a fifth of the school's total income and helps keep it on good terms with major corporations, which provide the bulk of the material used for the 650 case studies used in teaching each year...
...executives must also adjust to being away from their companies and families. Joseph G. Tangney, a participant in the fall 1982 AMP program and currently Vice President and General Claims Manager for Liberty Mutual Insurance Company of Boston, explains that, for most executives, "the first couple of weeks were sort of a withdrawal," from the job and from the process of being involved in the daily decisions of one's company. The last few weeks, he adds, found many executives anxious to get back to their jobs. Only in the middle weeks of the program did most of the executives...
...positive experience," says Tangney, explaining that the participants develop "a pretty close core--especially among members of the can groups because they live together." For Tangney, both "the rigor of the content and the relationship of the people to each other" made the program special. Despite the rigor, the AMP was still fun because it created a setting where "people with real world experience were getting back into an academic setting," able to study how the business world should ideally work and compare it with knowledge of how the business world actually works,he says. By teaching him "more effective...
However, the enrollment in the AMP has not changed from its standard 400 in many years, making the demand for executive education programs outweigh the supply. Despite the increasing interest, Wiltsey says that the school manages to limit the number of applicants to any specific session. "We in various subtle ways manage the pool of applicants," he says. "The worst thing that could happen to us is to have the same kind of chaos in the application process as Harvard College," he says, because the school is dealing with companies who might not send executives to them again if their...