About Graduate School of Banking
The Graduate School of Banking is sponsored and governed by the Central States Conference of Bankers Associations in partnership with the University of Wisconsin-Madison. Many of the chief officers from each of these 18 member associations, along with representatives of the University of Wisconsin-Madison, serve on the GSB Board of Trustees, the governing body of GSB.
In addition, the GSB Banker Advisory Board consists of banking leaders who are alumni of the school and endorse the program, and serve as advisors to GSB on curriculum, marketing, and leadership development issues.
The Curriculum Advisory Committee is made up of faculty section leaders of each key area of the Graduate School of Banking, as well as programs coordinators of GSB specialty school. These content experts work closely to set curriculum for all GSB programs, and serve as advisors to GSB on program development.
The Herbert V. Prochnow Educational Foundation was established in 1983 as a supporting organization to the Graduate school of Banking. It was named in honor of the founder of the Graduate School of Banking, Herbert V. Prochnow (1897-1998). The Foundation supports research in banking education, and sponsors a number of educational programs and activities intended to benefit the banking industry.
History of Graduate School of Banking
The Graduate School of Banking at the University of Wisconsin-Madison (GSB) was established in 1945 through the efforts of Dr. Herbert V. Prochnow (who went on to become President of the First National Bank of Chicago), the Dean of the UW School of Commerce, and the Wisconsin Bankers Association. The School has been sponsored by the Central States Conference of Bankers Associations since its beginning.
GSB’s Graduate School program provides a comprehensive course of study covering industry and management subjects designed to prepare mid and upper level financial services managers for positions of greater responsibility in their organizations. The program covers subjects directly relating to the leadership, management and operation of a financial services organization in an environment of competitive, regulatory, and technological change. Nearly 20,000 banking professionals and industry regulators have completed the GSB Graduate School program and many have gone on to occupy positions of leadership in financial institutions and regulatory agencies across the United States, the Caribbean, and Europe.
GSB also offers an Advanced Management Forum designed for senior banking professionals. This strategic bank management program serves to keep banking leaders abreast of the latest advances in the field and current with respect to decision assist tools and techniques.
In 2000 GSB initiated a new Human Resource Management School that provides HR professionals with both a basic understanding of the business of banking and an opportunity to explore current human resource issues. The business of banking component helps provide a framework for analyzing the HR function and activities in terms of their contribution to the bottom line performance of the organization.
In 2003 GSB offered the Advanced Human Resource Management Seminar. This program is designed for graduates of the GSB Human Resource Management School. This is a three-day update seminar on today’s most critical HR issues affecting financial professionals. This program is offered on an every-other year basis.
In cooperation with the Financial Managers Society, GSB began to offer the Financial Managers School in 2004. Designed by financial institution CFOs for financial institution financial managers, this week-long school goes beyond the basics to present best practices and provide community financial institution financial managers the tools to build a solid foundation in asset/liability management.
In 2010, GSB unveilied its immensely popular Bank Technology Management School that provides IT and IT security professionals in banking an unparalled opportunity for hands on learning. This week-long school provides a solid foundation in the business of banking as well as real-world, applied IT solutions and opportunities to participate in lab work to maximize learning.
In addition to these residential programs, GSB undertakes a variety of other activities that enhance the School’s value to the banking industry. These activities include:
- Development and delivery of special topic online seminars for banking professionals. These programs cover a wide variety of advanced bank management topics and many introduce leading edge decision assist tools; GSB online seminar programs are delivered over the Internet using GSB’s state-of-the-art Microsoft Live Meeting classroom
- International Bankers Program — a special two-week program of study for international bankers who seek a greater understanding of American Banking
Structure, Governance and Resources
The Graduate School of Banking is a 501(c)(3) not-for-profit corporation. It is governed by a Board of Trustees comprised of the managing executive officers of the eighteen states that are members of the Central States Conference of Bankers Associations. In addition, a representative of the University of Wisconsin-Madison serves on the Board.
In 1983 the School established the Herbert V. Prochnow Educational Foundation [also a 501(c)(3) organization]. The Prochnow Foundation operates solely to support the mission and purpose of the Graduate School of Banking. It provides funding for the development and acquisition of materials that enhance the educational programs of GSB, and for the various programs and activities described above. The Foundation also funds scholarship programs for bankers desiring to attend the Graduate School program.