Chad Gazzola and his classmates are on a tour of New York City’s financial landmarks. They’re visiting the New York Stock Exchange, the Mercantile Exchange, along with a personal tour of Manhattan’s Home Depot. They want to be the next generation of multi-millionaires. “Everyone that I talk to, they all want to be businessmen. They all want to be the richest men in the world, be Bill Gates. Create the new thing,” says Chad. The field trip is part of what’s called a career academy, a special two-year high school program that might be called a trade school for white-collar workers.
Steve Fortenberry, finance academy instructor, explains how the class works. “They’ll take coursework including marketing, personal finance, international business, corporate finance, public speaking and a computer course for the business environment.”
Career academies are a growing trend in high schools, a specialized curriculum that teaches kids skills they can use later in college and in their careers. “It’s part of a larger ‘school within a school’ philosophy,” says Fortenberry, “that you’re seeing in more high schools. Looking for smaller groups within the larger high school. And this is another example of that.”
Chad wants to be an orthodontist. But he says, “As a backup I’d like to be a businessman. I thought that finance class would help me get there and prepare myself to be a successful business leader.”
Chad’s father, Ed, says he’d recommend the program to any parent. “I think the investment that was made in the two-year program was well worthwhile. Again, regardless of the career that your child might go through, I think it taught them a lot of practical things.”
Chad says learning about finance is hard work but he says: “It’s never boring. [Mr. Fortenberry] always has something fun for us to do. It’s always interactive. And he always gives us a good time.”
While the academies help students get a head start on career awareness, researchers say more studies are needed to determine their true worth. Current research shows career academies have no effect on standardized test scores, and don’t appear to have any impact on future employment options.
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