The Savoy Educational Trust is to fund an MBA qualification for hospitality staff, bighospitality.co.uk reports.
The Trust has partnered up with Cranfield School of Management to offer managers from the hospitality industry the chance to gain the qualification.
Three courses per year will be funded, saving employers around £100,000. Candidates can choose to study full time for a year or work towards the Executive MBA part-time around work over two years.
According to caterersearch.com, the Trust wants to prepare staff for the future to ensure they survive in what is said to be a challenging business and economic environment for businesses running function venues, hotels and other hospitality services.
Julia Sibley, the chief executive of the Trust, said: “The objectives of this new scheme are to look for and select those candidates that will become the future movers and shakers of the hospitality industry. This MBA and Executive MBA program will go some way to instilling confidence in these individuals.”
Any hospitality employee in a management role with an honours degree or professional qualification and three years experience can apply for the scheme. Applicants who have experience but lack qualifications or who have worked in the industry in the past year and are now struggling to find work will also be considered.