<p>Largest gift ever to a LAC...</p>
<p>haha, i was just about to post this. as a CMC student i just got an e-mail from President Gann about this </p>
<p>all i have to say is holy ****. 20 million from gates who's chief financial adviser is from CMC and 200 million from alumnus Day within a month... CMC is certainly moving up from its already elite position, and its only been around for about 60 years</p>
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Day said both programs, collectively called the Robert Day Scholars, would offer financial training to future leaders of business, government and nonprofits, with an emphasis on ethics. The goal is to create a cadre of young people "who show leadership and who have judgment, which is the hardest thing to find," he said Wednesday.
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<p>Finance, with an emphasis on ethics. And judgment. What a concept.</p>
<p>Interesting that they will open up the courses to seniors from all the colleges. Very nice.</p>
<p>Here's pretty much what it's all about. This is a quote from CMC's President:</p>
<p>Claremont McKenna College today announced an unprecedented personal gift of $200 million from alumnus and Trustee Robert Day. The gift, which will create the Robert Day Scholars Program, is the largest recorded gift to a liberal arts college, the largest gift in the field of economics and finance, and among the top 20 gifts ever given to a college or university.</p>
<pre><code> The Robert Day Scholars Program is a unique academic program that builds upon the best elements of an undergraduate liberal arts education with state-of-the-art curricula in finance, accounting, and organizational leadership. Day Scholars may elect to pursue either a specific undergraduate program to achieve competency in finance, accounting and leadership psychology, or a new Master of Finance degree, or both. The master’s degree will be structured as an intensive, two-semester degree to be completed immediately following senior year. In combination, the undergraduate and master’s degree programs will provide a compelling alternative to the traditional MBA framework.
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<p>The Day gift includes funding for six to eight new faculty members, scholarships and financial aid, and significant enhancements to the College’s existing career services and internship programs. Faculty may be hired in the fields of economics, finance, accounting, ethics, financial mathematics, and leadership psychology. These new faculty will bring added breadth and depth to our undergraduate course offerings, and will also teach in the new master’s program.</p>
<p>The Day Scholars Program is also extended to the undergraduates of all The Claremont Colleges and not just to Claremont McKenna College students. Students of the other Claremont Colleges may enroll at CMC as undergraduate Day Scholars, while obtaining their B.A. degree from their home institution. These students may also enroll in CMC’s master’s degree program. As the Program grows and is further developed, it may be open to students outside of The Claremont Colleges. The Program should also provide complementary faculty and courses with the Claremont Graduate University’s Drucker-Ito School of Management and its Master of Financial Engineering degree. It also provides complementary faculty and courses for the Master of Bioscience degree at the Keck Graduate Institute of Applied Life Sciences. The gift is intended to add substantial benefit to the entire consortium.</p>
<p>The admission process for the Day Scholars Program (for both the undergraduate and master’s programs) will involve an interview process before a special admission committee to ensure that all students possess strong leadership skills and characteristics. The admission standards will be very highly selective.</p>
<p>So are the scholarships for all 4 years or just for senior year? I'm wondering if incoming 2008 freshmen will be eligible for a scholarship. Thanks.</p>
<p>I do not believe 2008 freshmen will be eligible for a scholarship. You apply for this program your junior year and your 5th year (and maybe some of the 4th) would be covered by the scholarship. There are many other scholarships at CMC but this one is mainly for this Masters program.</p>
<p>Thanks very much for the help.</p>
<p>that's so awesome.</p>
<p>the more I hear about this school, the more I love it.</p>