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School / Business Partnerships III 4
During their college years, many former AOF students continue to work part-time
in the financial services industry, and a great percentage return to related jobs after
graduation. Most often, those job placements directly result either from having industry-
specific knowledge and experience, or are based on the personal relationships students
establish with their mentors and at the companies where they served as interns.
In New York City, the success of the AOF in motivating students, and in
providing a well-defined career direction, led to the creation in 1993 of the High School
of Economics & Finance -- a 600 student public school dedicated to financial studies and
modeled largely on the Academy concept. Featured recently in Business Week as one of
ten "New American High Schools," recognized by the Departments of Education and
Labor (Two other schools with AOF programs also earned that distinction.), the High
School of Economics and Finance currently has more than 4,000 applications for 175
seats in its incoming 1997 freshman class -- a level of demand equal to New York City's
most prestigious public schools.
The Academy Concept Expands
Based on the success of the original school-to-career transition concept embodied
in the Academy of Finance, the program expanded to include The Academy of Travel &
Tourism (AOTT) -- designed to prepare students for careers in a U.S. service industry
that will require 24 million additional trained workers by the year 2000. Launched in
1987 as a partnership between the New York City and Dade County public school
systems, AOTT has grown to include 78 school systems involving more than 4,500
students and over 500 travel-related companies participating as business partners.
In 1989, in recognition of the broad-scale potential of the Academy concept, as
well as its application to a number of different industries, The National Academy
Foundation (NAF) was established (thanks to a significant grant from the American
Express Foundation) to oversee development, management and expansion of Academy
programs nationwide.
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"ocrText": "School / Business Partnerships III 4\nDuring their college years, many former AOF students continue to work part-time\nin the financial services industry, and a great percentage return to related jobs after\ngraduation. Most often, those job placements directly result either from having industry-\nspecific knowledge and experience, or are based on the personal relationships students\nestablish with their mentors and at the companies where they served as interns.\nIn New York City, the success of the AOF in motivating students, and in\nproviding a well-defined career direction, led to the creation in 1993 of the High School\nof Economics & Finance -- a 600 student public school dedicated to financial studies and\nmodeled largely on the Academy concept. Featured recently in Business Week as one of\nten \"New American High Schools,\" recognized by the Departments of Education and\nLabor (Two other schools with AOF programs also earned that distinction.), the High\nSchool of Economics and Finance currently has more than 4,000 applications for 175\nseats in its incoming 1997 freshman class -- a level of demand equal to New York City's\nmost prestigious public schools.\nThe Academy Concept Expands\nBased on the success of the original school-to-career transition concept embodied\nin the Academy of Finance, the program expanded to include The Academy of Travel &\nTourism (AOTT) -- designed to prepare students for careers in a U.S. service industry\nthat will require 24 million additional trained workers by the year 2000. Launched in\n1987 as a partnership between the New York City and Dade County public school\nsystems, AOTT has grown to include 78 school systems involving more than 4,500\nstudents and over 500 travel-related companies participating as business partners.\nIn 1989, in recognition of the broad-scale potential of the Academy concept, as\nwell as its application to a number of different industries, The National Academy\nFoundation (NAF) was established (thanks to a significant grant from the American\nExpress Foundation) to oversee development, management and expansion of Academy\nprograms nationwide."
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