CFT Courses Receive Seal of Approval
By Scott Briggs
The Center for Financial Training Atlantic States (CFTAS) is among a select group of organizations that have added value to their continuing education courses through college credit recommendations. A review conducted on Dec. 9 and 10, 2004, by the American Council on Education’s (ACE) College Credit Recommendation Service equated the CFTAS banking curriculum to college courses. A team of content specialists, which included: Dr. Daniel Negron, director of ACE programs, Thomas Edison State College; Dr. William Brandt, professor of management, Rider University (N.J.); Dr. Thomas Patrick, professor of economics and management, The College of New Jersey; and Dr. Kathleen A. Reddick, assistant professor and director of graduate programs in management, College of St. Elizabeth (N.J.), reviewed seventeen CFTAS courses and recommended them all for college credit. Jo Ann Robinson, director of ACE’s College Credit Recommendation Service, says that during the past 30 years, “ACE has helped thousands of employees earn a college education and has saved employers millions of dollars in tuition reimbursement.”
She adds, “The recent interest to add value to workplace courses through a third-party review comes as no surprise, especially with business and industry concerned about their place in the global market. With the need to retain good employees as the population ages and with the knowledge that superior training increases productivity, more and more organizations are turning to the Ace College Credit Recommendation Service to assure the quality of that training.”
Karen McMullen, senior vice president and regional director of CFTAS, says that CFT’s education program delivers real value and industry-specific training to employees in the financial services community. The curriculum ties directly to bank corporate training. The American Council on Education’s College Credit Recommendation Service delivers the added value of credit toward a college degree. Banking students who successfully complete ACE-evaluated CFTAS courses are able to have college credit recommendations from the ACE Transcript Service, a central national database submitted to institutions of higher learning for transfer consideration. With the current cost of a credit hour ranging from $250-$400, the transfer of just 12 credit hours can save an employer $2,000-$3,300 per employee and significantly reduce the time it takes for that employee to earn a degree.
Colleges and universities have also been well served by ACE because qualified adults from the workforce are continuing or completing their college education in record numbers. According to a recent U.S. Department of Education study, more than 40 percent of American adults take part in some type of adult learning activity each year – the vast majority for work-related reasons or because they want to earn an academic credential. The Center for Financial Training Atlantic States (www.cftatlantic.org), a multi-state bank education and training organization, is among several prestigious organizations also offering ACE college credit-recommended courses, including the American Management Association, Citigroup, Delta Air Lines, Fidelity Investments, McDonald’s Corp., Paychex Inc., Union Pacific Railroad and Walt Disney World Resorts, among others.
Michael Meakem, president of the Center for Financial Training Atlantic States, notes that “The ACE-approved CFT courses, whether taken via classroom, online or as a guided self-study course, will carry the same ACE college credit transfer recommendations.” He continues, “With the growing popularity of distance learning, it was imperative that the online and self-study options be viewed in the same light as the traditional classroom format. After all, we are using the same curriculum, textbooks, exams, and instructors for each of these three delivery channels.”
For more information regarding the ACE college credit transfer recommendations, please contact the CFT office at (860) 886-6153 or via e-mail at firstname.lastname@example.org.
Scott Briggs is senior vice president of CFT Atlantic States.