The lack of engagement in the subject of credit and collections by business schools at America’s colleges and universities has long been viewed as a detriment to the credit profession. There are few if any institutions that include the subject of credit, collections, or risk management within their academic programs.
In early 2020, the NACM Business Credit Services Board of Directors – under the leadership of Doug Jacobson – voted unanimously to introduce a new scholarship/internship program for upper class students attending a four-year college or university. The intent is to invest in the next generation of our workforce by (a) awarding a scholarship to assist a student with meeting their tuition obligations and (b) helping the recipients arrange a paid internship at a NACM member company. Multiple companies have already signed on to accept an intern when the initial awards are made in Fall 2021.
The goal of the program is to expose a junior or senior to the credit profession, possibly pave the way to their first job out of college, and give them an experience in credit that leave them with an excellent foundation to serve them throughout their business career. These students will become known as Jacobson Scholars.