Yes! As @joeyarnoldvn pointed out, the electoral college helps prevent corruption in elections. It also increases the probability that Americans from all states and with differing views will be represented in the executive branch. A simple popular vote is too easily dominated by those who live in the big cities.

"[The convention has] directed the President to be chosen by select bodies of electors, to be deputed by the people for that express purpose; and they have committed the appointment of senators to the State legislatures. This mode has, in such cases, vastly the advantage of elections by the people in their collective capacity, where the activity of party zeal, taking the advantage of the supineness, the ignorance, and the hopes and fears of the unwary and interested, often places men in office by the votes of a small proportion of the electors." - John Jay, March 7, 1788. (Federalist No. 64)