[Pen-l] Samuelson is joining Shakespeare and Schubert at liberal arts schools?

[raghu <mraghu01@xxxxxxxxx>]

BusinessWeek has an article about a new trend towards expanded
business and finance undergraduate programs in liberal arts colleges.

http://www.businessweek.com/bschools/content/feb2008/bs20080226_508904.htm
-------------------------snip
Colleges are answering demands for more course offerings in this area
because they want to make their schools more appealing to students,
says Leslie Garner, president of Cornell College and past president of
the board of the National Association of Independent Colleges &
Universities, which has about 1,000 member schools.
............

Yet adding business and finance degree programs at schools with strong
liberal arts and humanities departments can be a tricky endeavor. At
some of these schools, faculty are worried the new degree programs and
finance centers will move the school away from its core—the arts and
sciences—and toward a more trade- or business-school mentality.

Concerns About the Program

For example, professors at Claremont McKenna raised concerns when the
school announced in the fall it would be using a $200 million gift
from money manager and philanthropist Robert A. Day's private
foundation to start a one-year master's program in finance geared
toward students who want to study finance, accounting, or leadership
psychology. In addition, the school plans to hire several new faculty
members and beef up career services and internship opportunities. It
will be the school's first graduate program.

Robert Faggen, chairman of the literature department at Claremont
McKenna and a prominent Robert Frost scholar, was one of several
faculty members who raised objections to the master's program shortly
after the announcement. Faculty had concerns ranging from specific
aspects of implementing the program to its overall effect on the
college, he says.

"There are a number of possible paths to success in the world of
finance, and some of those paths include in-depth study of the
humanities," Faggen says. "One would like to think that the overall
quality of mind that is being cultivated in a liberal arts college
does not become too narrowly focused on job training."
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