Jack Welch Management Institute Explained

Jack Welch Management Institute
Image Alt:Logo for the Jack Welch Management Institute
Motto:"Learn on Monday. Apply on Tuesday."
Established:2009
Type:For-profit online business school
Parent:Strategic Education, Inc
Affiliation:Strayer University
Head Label:CEO
Head:Dean Sippel
Students:~1900 (2022)
City:Herndon
State:VA
Country:USA
Campus:Online

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.

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. Chancellor named the MBA program The Jack Welch Management Institute.

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.[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.

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."[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.

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. 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. 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

External links

Notes and References

  1. Web site: Jack Welch Management Institute Top Ranked Online MBA Leadership Team. 2020-08-09. jackwelch.strayer.edu. en.
  2. News: Glader. Paul. 2009-10-29. After Delay, Jack Welch Online MBA to Launch. en-US. Wall Street Journal. 2020-08-10. 0099-9660.
  3. News: Glader. Paul. 2009-06-23. The Jack Welch MBA Coming to Web. en-US. Wall Street Journal. 2020-08-10. 0099-9660.
  4. Web site: June 22, 2009. Chancellor University announces Jack Welch MBA. August 9, 2020. Amzak Capital Management.
  5. News: Jack Welch institute to offer Jan. classes . Janet Okoben . Plain Dealer (Cleveland) . 6 November 2009 . 15 March 2012.
  6. News: Korn. Melissa. 2011-11-11. Welch to Move School Out of Chancellor University. en-US. Wall Street Journal. 2020-08-10. 0099-9660.
  7. Web site: Kauflin. Jeff. Jack Welch's Third Act: An Online MBA Program That's Thriving. 2020-08-10. Forbes. en.
  8. Web site: February 21, 2012. Strayer Education, Inc 10-K filed in 2012. August 10, 2020. www.sec.gov.
  9. News: Jim Nichols. 23 June 2009. Jack Welch is joining forces with retooled business school. Plain Dealer (Cleveland). 15 March 2012. https://web.archive.org/web/20091028182207/http://www.cleveland.com/news/plaindealer/index.ssf?%2Fbase%2Fcuyahoga%2F124574598467390.xml&coll=2. 28 October 2009.
  10. News: Eckert. Barton. 11 November 2011. Strayer Education buys Jack Welch Management Institute. Washington Business Journal. 20 March 2012.
  11. News: Look out, B-schools: Jack Welch is moving in . John A. Byrne . CNN Money . Cable News Network . 15 November 2011 . 21 March 2012.
  12. News: Geoff Gloeckler. 22 June 2009. Jack Welch Launches Online MBA. Bloomberg Businessweek. https://web.archive.org/web/20090624222842/http://www.businessweek.com/bschools/content/jun2009/bs20090622_962094.htm. June 24, 2009. 15 March 2012.
  13. Web site: About JWMI FAQS . Jack Welch Management Institute . Strayer Education, Inc. . 20 March 2012.
  14. Web site: About Jack Welch . Jack Welch Management Institute . Strayer Education, Inc. . 24 April 2012.
  15. News: Exclusive: Management Guru Jack Welch Talks About Digital Education, Online MBAs & Modern CEOs With WA. . Paul Glader . Wired Academic . 9 November 2011 . 19 March 2012 . https://web.archive.org/web/20120315084409/http://www.wiredacademic.com/2011/11/exclusive-management-guru-jack-welch-talks-about-digital-education-online-mbas-modern-ceos-with-wa/ . 15 March 2012 .
  16. Web site: Executive MBA Jack's Involvement . Jack Welch Management Institute . Strayer Education, Inc. . 20 March 2012.
  17. News: Strayer Buys Jack Welch For-Profit . Antoine Gara . The Street . 11 November 2011 . 19 March 2012.
  18. Web site: 2023-11-18. Online MBA Rankings 2023. 2023-11-18. TopMBA . en.
  19. Web site: Bleizeffer. Allen. 2024-11-28. The Best Online MBA Programs Of 2024. 2023-11-27. Poets and Quants . en-US.
  20. Web site: Allen. Nathan. 2022-11-15. The Best Online MBA Programs Of 2023. 2022-11-15. Poets and Quants . en-US.
  21. Web site: Allen. Nathan. 2021-11-08. The Best Online MBA Programs Of 2022. 2021-11-08. Poets and Quants . en-US.
  22. Web site: Allen. Nathan. 2020-11-09. The Best Online MBA Programs Of 2021. 2020-08-09. Poets and Quants . en-US.
  23. Web site: Allen. Nathan. 2019-10-14. Best Online MBA Programs of 2020. 2020-08-09. Poets&Quants. en-US.
  24. Web site: Allen. Nathan. 2018-09-09. The Best Online MBA Programs 2019 . Poets and Quants. 2020-08-09 . en-US.
  25. Web site: Top 50 Online MBA Programs . The Princeton Review. 2023-01-31.
  26. Web site: Top 50 Online MBA Programs . The Princeton Review. 2022-01-30.
  27. Web site: Top 50 Online MBA Programs . The Princeton Review. 2020-12-10. en.
  28. Web site: 2020-12-10. Jack Welch Management Institute Named #15 in The Princeton Review 2021 List of Top 50 Online MBA Programs Jack Welch MBA. 2020-12-10. Winning. en-US.
  29. Web site: Top 25 Online MBA Programs . The Princeton Review. 2020-08-09 . en.
  30. Web site: 2019-11-20. Princeton Review Ranks JWMI a Top 25 Online MBA Jack Welch MBA. 2020-08-09. Winning. en-US.
  31. Web site: Byrne. John A.. 2019-08-12. Poets&Quants for Execs . 2020-08-09. Poets and Quants for Execs . en-US.
  32. Web site: 2017-11-02. Princeton Review ranks JWMI a Top 25 Online MBA . Jack Welch Management Institute . 2020-08-09 . en-US.
  33. Web site: 2016-09-20. Princeton Review Ranks JWMI a Top 25 Online MBA . Jack Welch Management Institute . 2020-08-09 . en-US.
  34. February 2022 . CEO Magazine 2024 Global MBA Rankings . March 27, 2024 . CEO Magazine.
  35. February 2022 . CEO Magazine 2023 Global MBA Rankings . April 25, 2023 . CEO Magazine.
  36. February 2022 . CEO Magazine 2022 Global MBA Rankings . August 9, 2020 . CEO Magazine.
  37. June 2021 . CEO Magazine 2021 Global MBA Rankings . August 9, 2020 . CEO Magazine.
  38. July 2020 . CEO Magazine 2020 Global MBA Rankings . August 9, 2020 . CEO Magazine.
  39. 2019 . CEO Magazine 2019 Global MBA Rankings . August 9, 2020 . CEO Magazine.
  40. 2018 . CEO Magazine 2018 Global MBA Rankings . August 9, 2020 . CEO Magazine.
  41. 2017 . CEO Magazine 2017 Global MBA Rankings . August 9, 2020 . CEO Magazine.
  42. 2016 . CEO Magazine 2016 Global MBA Rankings . August 9, 2020 . CEO Magazine.
  43. Web site: Introducing the Content Marketing 50: Education Edition (Infographic). 2020-08-09. business.linkedin.com. en.

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