Vanguard employees can now take full-time MBA courses from Drexel University’s LeBow College of Business that are not only designed specifically for their needs, but also offered right at the investment giant’s headquarters in Malvern, writes Daphne Zhang for the Philadelphia Inquirer.
Employees in their 20s to their 40s attend classes for three hours, twice a week, with the costs covered by the company. Some employees from other parts of the country and the world can also dial in for classes.
The MBA is 70-80 percent created by Drexel, and the remaining 20-30 percent is influenced by Vanguard based on what it wants its employees to learn. Since the program was originally instituted in 2014, around 100 employees have received their Drexel MBAs, which takes 27 months.
According to Kathy Himsworth, head of talent development, Vanguard then tracks the effects of the program.
“This program has been a lever in both their performance and potential in the long term,” she said.
She said that employees who complete their MBA expect to be promoted and assume more responsibility.
Read more about Vanguard in the Philadelphia Inquirer here.