Jack Welch Management Institute

Last updated
Jack Welch Management Institute
Jack Welch Management Institute Logo.png
Motto"Learn on Monday. Apply on Tuesday."
Type For-profit online business school
Established2009
Parent institution
Strategic Education, Inc
AffiliationStrayer University
CEODean Sippel
Students~1900 (2022)
Location
Herndon
,
VA
,
USA
CampusOnline
Website jackwelch.strayer.edu

The Jack Welch Management Institute (JWMI) at Strayer University is a for-profit online educational institution based in the United States, owned by Strategic Education, Inc. It was founded in 2009 by Jack Welch, former CEO of General Electric and his wife, Suzy Welch, author and public speaker. [1] JWMI offers an online executive Master of Business Administration degree, graduate certificates, and executive certificates for working adults. The company is headquartered outside of Washington D.C. at Strayer University's corporate office - 2303 Dulles Station Blvd, Herndon, VA 20171.

Contents

History

The Jack Welch Management Institute was sponsored by Chancellor University in 2009, when Welch invested $2 million to purchase a 12% share of the company running the university, Chancellor University Systems. [2] [3] The partnership investment was made possible due to the relationship between Jack Welch and entrepreneur Michael Clifford and allowed the school to emerge from bankruptcy. [3] Chancellor named the MBA program The Jack Welch Management Institute. [3]

Welch said that he wanted to create a high-quality MBA program that would integrate his philosophy of leadership and human resources into a 12-course program. Welch infused his personal principles into the curriculum. [3] [4]

The institute launched in June 2009, and classes began in January 2010. [5] Initial pricing for the product in 2010 was $40,000 for an undergraduate degree and $26,000 for an MBA. [3]

Acquisition by Strayer Education, Inc

In April 2011, Welch approached Robert Silberman, CEO and Chairman of Strayer Education, Inc., to discuss moving the institute to Strayer University. [6] Welch paid nearly $2 million to buy back his namesake from Chancellor, stating that "Chancellor wasn't a good vehicle." [6] [7] Strayer Education, Inc purchased the Jack Welch Management Institute from Chancellor University in December 2011 for $7 million. [8] Welch invested $2.8 million to Strayer Education as a representation of his economic interest in the program. [8]

Academic programs

The institute offers an accredited Master of Business Administration, [9] graduate certificates, and executive certificates [10] covering various business-related topics [11] through online classes. [12] The online MBA can be completed in 18-months. The graduate certificates can be completed in 9 months and the executive certificates are 6-week programs. [13]

In March 2013, the institute launched a series of online, self-guided, self-paced management training programs under the Welch Way brand.

Welch developed the MBA curriculum, drawing from his management experience as CEO of GE and his experience teaching managers and executives at GE's Leadership Development Center. [9] [12] In addition to helping shape the program's curriculum, he held the title of distinguished professor at the institute. [14] He regularly addressed students via video stream and held video conferences with them at the end of each term. [15] [16]

Welch expected the relatively low tuition and flexible schedule for the institute's MBA program to make it attractive to those currently employed but wishing to earn an MBA. [12] He stated that he planned to grow the institute into the number one online business school in the world by 2016. [17]

Accreditations

Rankings

Quacquarelli Symonds

Poets & Quants

Princeton Review

CEO Magazine

Other Rankings

Related Research Articles

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References

  1. ↑ "Jack Welch Management Institute | Top Ranked Online MBA | Leadership Team". jackwelch.strayer.edu. Retrieved 2020-08-09.
  2. ↑ Glader, Paul (2009-10-29). "After Delay, Jack Welch Online MBA to Launch". Wall Street Journal. ISSN   0099-9660 . Retrieved 2020-08-10.
  3. 1 2 3 4 5 Glader, Paul (2009-06-23). "The Jack Welch MBA Coming to Web". Wall Street Journal. ISSN   0099-9660 . Retrieved 2020-08-10.
  4. ↑ "Chancellor University announces Jack Welch MBA". Amzak Capital Management. June 22, 2009. Retrieved August 9, 2020.
  5. ↑ Janet Okoben (6 November 2009). "Jack Welch institute to offer Jan. classes". Plain Dealer (Cleveland). Retrieved 15 March 2012.
  6. 1 2 Korn, Melissa (2011-11-11). "Welch to Move School Out of Chancellor University". Wall Street Journal. ISSN   0099-9660 . Retrieved 2020-08-10.
  7. ↑ Kauflin, Jeff. "Jack Welch's Third Act: An Online MBA Program That's Thriving". Forbes. Retrieved 2020-08-10.
  8. 1 2 "Strayer Education, Inc 10-K filed in 2012". www.sec.gov. February 21, 2012. Retrieved August 10, 2020.
  9. 1 2 Jim Nichols (23 June 2009). "Jack Welch is joining forces with retooled business school". Plain Dealer (Cleveland). Archived from the original on 28 October 2009. Retrieved 15 March 2012.
  10. ↑ Eckert, Barton (11 November 2011). "Strayer Education buys Jack Welch Management Institute". Washington Business Journal. Retrieved 20 March 2012.
  11. ↑ John A. Byrne (15 November 2011). "Look out, B-schools: Jack Welch is moving in". CNN Money. Cable News Network. Retrieved 21 March 2012.
  12. 1 2 3 Geoff Gloeckler (22 June 2009). "Jack Welch Launches Online MBA". Bloomberg Businessweek. Archived from the original on June 24, 2009. Retrieved 15 March 2012.
  13. ↑ "About JWMI FAQS". Jack Welch Management Institute. Strayer Education, Inc. Retrieved 20 March 2012.
  14. ↑ "About Jack Welch". Jack Welch Management Institute. Strayer Education, Inc. Retrieved 24 April 2012.
  15. ↑ Paul Glader (9 November 2011). "Exclusive: Management Guru Jack Welch Talks About Digital Education, Online MBAs & Modern CEOs With WA". Wired Academic. Archived from the original on 15 March 2012. Retrieved 19 March 2012.
  16. ↑ "Executive MBA Jack's Involvement". Jack Welch Management Institute. Strayer Education, Inc. Retrieved 20 March 2012.
  17. ↑ Antoine Gara (11 November 2011). "Strayer Buys Jack Welch For-Profit". The Street. Retrieved 19 March 2012.
  18. ↑ "Online MBA Rankings 2023". TopMBA. 2023-11-18. Retrieved 2023-11-18.
  19. ↑ Bleizeffer, Allen (2024-11-28). "The Best Online MBA Programs Of 2024". Poets and Quants. Retrieved 2023-11-27.
  20. ↑ Allen, Nathan (2022-11-15). "The Best Online MBA Programs Of 2023". Poets and Quants. Retrieved 2022-11-15.
  21. ↑ Allen, Nathan (2021-11-08). "The Best Online MBA Programs Of 2022". Poets and Quants. Retrieved 2021-11-08.
  22. ↑ Allen, Nathan (2020-11-09). "The Best Online MBA Programs Of 2021". Poets and Quants. Retrieved 2020-08-09.
  23. ↑ Allen, Nathan (2019-10-14). "Best Online MBA Programs of 2020". Poets&Quants. Retrieved 2020-08-09.
  24. ↑ Allen, Nathan (2018-09-09). "The Best Online MBA Programs 2019". Poets and Quants. Retrieved 2020-08-09.
  25. ↑ "Top 50 Online MBA Programs". The Princeton Review. Retrieved 2023-01-31.
  26. ↑ "Top 50 Online MBA Programs". The Princeton Review. Retrieved 2022-01-30.
  27. ↑ "Top 50 Online MBA Programs". The Princeton Review. Retrieved 2020-12-10.
  28. ↑ "Jack Welch Management Institute Named #15 in The Princeton Review 2021 List of Top 50 Online MBA Programs | Jack Welch MBA". Winning. 2020-12-10. Retrieved 2020-12-10.
  29. ↑ "Top 25 Online MBA Programs". The Princeton Review. Retrieved 2020-08-09.
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  31. ↑ Byrne, John A. (2019-08-12). "Poets&Quants for Execs". Poets and Quants for Execs. Retrieved 2020-08-09.
  32. ↑ "Princeton Review ranks JWMI a Top 25 Online MBA". Jack Welch Management Institute. 2017-11-02. Retrieved 2020-08-09.
  33. ↑ "Princeton Review Ranks JWMI a Top 25 Online MBA". Jack Welch Management Institute. 2016-09-20. Retrieved 2020-08-09.
  34. ↑ "CEO Magazine 2024 Global MBA Rankings" (PDF). CEO Magazine. February 2022. Retrieved March 27, 2024.
  35. ↑ "CEO Magazine 2023 Global MBA Rankings" (PDF). CEO Magazine. February 2022. Retrieved April 25, 2023.
  36. ↑ "CEO Magazine 2022 Global MBA Rankings" (PDF). CEO Magazine. February 2022. Retrieved August 9, 2020.
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  38. ↑ "CEO Magazine 2020 Global MBA Rankings" (PDF). CEO Magazine. July 2020. Retrieved August 9, 2020.
  39. ↑ "CEO Magazine 2019 Global MBA Rankings" (PDF). CEO Magazine. 2019. Retrieved August 9, 2020.
  40. ↑ "CEO Magazine 2018 Global MBA Rankings" (PDF). CEO Magazine. 2018. Retrieved August 9, 2020.
  41. ↑ "CEO Magazine 2017 Global MBA Rankings" (PDF). CEO Magazine. 2017. Retrieved August 9, 2020.
  42. ↑ "CEO Magazine 2016 Global MBA Rankings" (PDF). CEO Magazine. 2016. Retrieved August 9, 2020.
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