Unique, year-long training program for mid-level Hispanic managers to be housed at SMU Cox
The National Hispanic Corporate Council (NHCC), the national premiere resource for corporate America on maximizing the Hispanic marketing opportunity externally and internally, announced the development of a leadership training program for mid-level Hispanic managers working in Fortune 1000 companies. The NHCC Corporate Executive Development Program (CEDP) will offer training and networking opportunities to high-potential Hispanic managers seeking their first executive management role in association with the SMU Cox School of Business.
The Business Case
Although the U.S. Hispanic market—47 million strong—represents the nation’s largest ethnic minority, gaps in representation continue to exist within U.S. companies. According to a recent survey by the Hispanic Association for Corporate Responsibility, Hispanic managers are significantly underrepresented in executive and senior executive positions. In addition, an analysis by the Human Resource consulting firm PDI suggests a disparity in the upward mobility to higher level executive positions between non-Hispanic managers and their Hispanic peers. They observed that although Hispanic managers reach mid-level management positions faster than their peers, they are slower to climb to higher levels within their companies.
The NHCC selected SMU because of its national reputation and strategic location
SMU Cox, ranked in the top 20 by leading business publications, is in the heart of Dallas, Texas, the fastest growing city in the U.S. and a high growth region for corporate headquarters and center of commerce, with more corporations based in Texas than in any other state in the nation. This geographic concentration of headquarters located in high density Hispanic cities, will fuel the pipeline with future Hispanic leaders.
“SMU’s Cox School of Business has assembled some of the nation’s top faculty and business leaders to create a program that will expand the pipeline of Hispanic leaders and their firms’ access to a growing market,” said R. Gerald Turner, president of Southern Methodist University. “Cox Executive Education specializes in turning high-potential employees into high-performing executives. The collaboration with NHCC will focus Cox’s strengths on preparing Hispanic employees to assume the highest levels of corporate responsibility in the very best companies. SMU is honored to be entering into this partnership.”
“Hosting the NHCC Corporate Executive Development Program at Cox is a natural fit for us because of our ongoing commitment and proven record of developing successful business leaders,” said Albert W. Niemi, Jr., dean, SMU Cox. “We are proud of our role in helping Hispanic managers who are on the cusp of advancing their careers.”
Over the course of 12 months, participants will attend three program sessions with each session spanning three days. Sessions will take place three to four months apart. Participants are assigned executive mentors with significant management experience within Fortune 1000 companies who will assist them in preparing and implementing personal leadership development plans. In addition, participants will be grouped into teams to work on application oriented projects throughout the year. Teams are assigned advisors with corporate experience to maximize application of classroom experience.
The program’s academic director, Professor Miguel Quiñones, is working closely with the NHCC to develop application oriented curriculum and to assemble a team of instructors that are proven and effective in working with high potential corporate executives.