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Executive forum.

WHILE THE ECONOMIC WOES OF THE world are causing many companies to reassess their commitment to risk management, and mergers continue to play havoc with risk managers' careers, there has been a resurgence of interest in risk management as a career path at colleges and universities across the country. Risk management appears to have caught the imagination of many of those preparing themselves for leadership in the workplace in the 1990s and beyond. The global economy in which we find ourselves dictates strong emphasis on academic preparedness for the challenges that lie ahead, both for those entering the field as well as seasoned practitioners. Education is the answer!

The impetus for the creation of the Spencer Educational Foundation Inc. was to encourage student interest in the field of risk management. The foundation has instituted a pilot program for board members to act as mentors for the 1992 Spencer scholarship recipients. The students and their mentors will meet at least twice during the school year and will communicate frequently by phone. The Spencer Foundation has also announced an increase in the number and amount of academic scholarships available for next year - up to 10 awards of $10,000 each.

While many risk management positions evolved as organizations faced growing risks, today's students are gearing themselves directly for a career in the field. They recognize that increased sophistication and diversity of operations require that practitioners be well grounded in the fundamentals and nuances of the discipline.

The learning process should be unending. Commitment to excellence and professionalism requires each of us to continually avail ourselves of educational opportunities. The latest addition to RIMS commitment to education is the international Risk and Insurance Strategies Course, which covers international risk management issues and changes affecting the growing number of U.5. companies doing business abroad. The risk management profession is enhanced to the degree that its practitioners are perceived to qualify as professionals. It should be the goal of each of us to maintain our professional status through education and encourage
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Spencer Educational Foundation
Author:Jackson, Freida
Publication:Risk Management
Date:Dec 1, 1992
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