Virginia Bankers School of Bank Management
The premiere, multidimensional educational experience in banking
Through the use of highly qualified instructors and a challenging curriculum, the Virginia Bankers School of Bank Management is designed to provide a multidimensional educational experience in banking. Through completion of three one-week summer sessions and eight home study problems, students will develop a range of skills that should both enhance current performance and qualify them as candidates for advancement.
The School is held at the University of Virginia’s Darden School of Business. The University, with its wide respect in the national business community and beautiful grounds designed by Thomas Jefferson, provides the ideal setting for this learning experience.
Employing lectures, case studies, home study problems and peer study groups, the School provides a vehicle for each student to experience comprehensive learning.
The faculty is a blend of the best from the banking, professional and academic worlds.
For admission, an applicant must:
- be employed by a VBA member bank;
- have a college degree and two years banking experience, or a high school diploma and five years banking experience;
- have successfully completed at least one course in basic accounting; and
- be recommended by the bank’s CEO or a senior officer.
Enrollment for the first-year class is limited to 72 students.
Applications will be considered by the School Admissions Committee using the above criteria. Applicants not admitted will be pre-approved or encouraged to apply the next year assuming they meet the admission requirements. Registration materials and an invoice for tuition will be sent to applicants after acceptance into the school.
Accounting Course Requirement
In 2021, the VBA will be offering a virtual training on July 14th that will satisfy the requirement for students who need the accounting course.
In some instances, the Admissions Committee may recommend/require an accounting course be taken, even if the student has completed a course in the past as a part of admission. If there is space available, all incoming first-year students are welcome if they wish to have an accounting refresher.
2021 School of Bank Management Application
The 2021 application can be accessed here.
Applications are due by March 31, 2021 with a nonrefundable $30.00 application fee made payable to: VBA School of Bank Management, 4490 Cox Road, Glen Allen, VA 23060.
If you have any questions about the program, please contact Kristen Reid at firstname.lastname@example.org.
Tuition, Room and Board
Tuition is $1,275 per year and covers instruction, materials and Sunday’s opening dinner. Additionally, there is a $30 non-refundable application fee to be paid when submitting an application.
For the Bank School session in 2021, we are planning to be in-person in Charlottesville, VA. For students who would prefer, there will be an option to attend the school virtually and participate in their classes through a live stream during the Bank School week.
Students will make a commitment of which option they prefer (in-person or virtual) by May 15, 2021.
Should the situation arise where we are not able to gather in-person due to on-going COVID concerns, the school will be offered in a fully virtual setting.
During their week in Charlottesville, students traveling from out of town are encouraged to stay at the Omni Charlottesville Hotel. The VBA has reserved a block of rooms at a negotiated rate of $139/night + applicable taxes and fees. Both single and double occupancy rooms will be available to allow students to either have a have their own room or to share with another Bank School student. Students will be responsible for booking and paying for their rooms and all charges to their rooms.
Deferral and Cancellation/Drop Policy
If a student needs to request a deferral to the 2021 Bank School session and have already registered and paid for the summer session, the following will apply:
- If the VBA is notified by July 6, 2021, a full refund of the registration fee will be issued to your bank
- If the VBA is notified after July 6, 2021, a credit will be issued for the Bank School registration to be used the following year.*
*Should the instance arise that there is not a spot available in the following year, your registration credit would be transferred to the next year.
If circumstances arise and you will not be returning to Bank School and you have registered/paid for the summer session, the following will apply:
- If the VBA is notified by July 6, 2021, a refund, less a $95 cancellation fee, will be issued to your bank.
- If the VBA is notified after July 6, 2021, a refund, less a $225 cancellation fee, will be issued to your bank.
Please contact Kristen Reid (804) 819-4731 with questions regarding deferral or cancellation.
Curriculum, Home Study Problems & Bank Exec
The curriculum is designed to provide students with a broad range of skills and knowledge, including:
- Specific skills in the functional areas of banking
- Advanced commercial lending and asset liability management
- Communications and marketing strategies
- Ability to solve problems, work in teams and make decisions in a managerial setting
- An understanding of the changes in payments systems and technology
- The importance of risk management
- An understanding of organizational behavior
Home Study Cases and Problems
Between the on-campus sessions, Bank School students complete eight home study problems, four after each of the first two years. The home study problems reinforce many of the concepts learned during the on-campus sessions and give participants practical and hands-on analysis of real-world banking situations. Each of the assignments requires research and the preparation of a paper based on the research.
Timely and accurate completion of the home study problems – with a passing grade – is required for graduation from the school. In accordance with our Bank School Honor Code, students must work independently on all home study problems.
Along with challenging courses, the school also offers a BankExec Simulation. This phase of the school allows third-year students the opportunity to make decisions acting as senior officers of a bank. Working in teams and in a virtual environment, students make operating, lending and pricing decisions for eight fiscal quarters that influence bank profitability and bank stock prices. At the end of the week, each team will also prepare a verbal presentation.