Tours in 2007 and 2009 gave the Marine new outlook on life.

Like many students in accelerated M.B.A. programs, Katy Moyer JGSM and Dr. Patrick Collopy JGSM are extensively studying the fundamentals of business administration while worrying about finding jobs in the troubled economy. However, thanks to the Johnson School’s Management Practicum course, they will be able to add something unique to their resumes: real work experience.

Associate Dean for Corporate Relations Randy Allen developed the Management Practicum with students in order to fill a void in the accelerated M.B.A. program. Because of its intensive academic nature, students in the program are not able to complete an internship during the summer as traditional M.B.A. students do.

The reason that the American financial system collapsed is far more fundamental than a lack of regulation, the pervasiveness of greed and irrational exuberance, or even the rewards implicit in the structure of our financial interactions. The contemporary model of business education (and more broadly, social values) should be blamed.

That’s right — as much as I’d like not to admit it — the MBA education is (extrapolating from our observation of the current financial crisis) far from sufficient in a globally interdependent 21st century economy that has never before been quite so complex. If it were, our nation’s business leaders would have seen this coming — and they would have stopped it.