The Jack Welch Management Institute (JWMI) at

Strayer University Strayer University is a private for-profit university with its headquarters in Washington, D.C. It was founded in 1892 as Strayer's Business College and later became Strayer College, before being granted university status in 1998. Strayer Univer ...

is a for-profit

online In computer technology and telecommunications, online indicates a state of connectivity and offline indicates a disconnected state. In modern terminology, this usually refers to an Internet connection, but (especially when expressed "on line" or ...

educational institution based in the United States, owned by

Strategic Education, Inc. Strategic Education, Inc. (SEI), is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools suc ...

It was founded in 2009 by

Jack Welch John Francis Welch Jr. (November 19, 1935 – March 1, 2020) was an American business executive, chemical engineer, and writer. He was Chairman and CEO of General Electric (GE) between 1981 and 2001. When Welch retired from GE, he receive ...

, former CEO of

General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...

and his wife,

Suzy Welch Suzy Welch (born 1959) is an American author, television commentator, business journalist, and public speaker. Her 2009 book, ''10-10-10: A Life Transforming Idea'', was a ''New York Times'' bestseller. She is also the co-author, with her late hu ...

, author and public speaker. JWMI offers an online executive

Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

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 Chancellor University was a private for-profit university in Cleveland, Ohio. The school was founded in 1848 as Folsom's Mercantile College to teach basic bookkeeping and business skills. It underwent several changes of name and ownership during i ...

in 2009, when Welch invested $2 million to purchase a 12% share of the company running the university, Chancellor University Systems. The partnership investment was made possible due to the relationship between

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. The institute launched in June 2009, and classes began in January 2010. 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

. Welch paid nearly $2 million to buy back his namesake from Chancellor, stating that "Chancellor wasn't a good vehicle." Strayer Education, Inc purchased the Jack Welch Management Institute from Chancellor University in December 2011 for $7 million. 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

, graduate certificates, and executive certificates covering various business-related topics through

online classes Educational technology (commonly abbreviated as edutech, or edtech) is the combined use of computer hardware, software, and educational theory and practice to facilitate learning. When referred to with its abbreviation, edtech, it often refers ...

. 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. In March 2013, the institute launched a series of online, self-guided, self-paced management training programs under th
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. He regularly addressed students via

video stream Video on demand (VOD) is a media distribution system that allows users to access videos without a traditional video playback device and the constraints of a typical static broadcasting schedule. In the 20th century, broadcasting in the form of o ...

and held

video conferences Video is an electronic medium for the recording, copying, playback, broadcasting, and display of moving visual media. Video was first developed for mechanical television systems, which were quickly replaced by cathode-ray tube (CRT) systems ...

with them at the end of each term. 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.

Accreditations

Accreditation Council for Business Schools and Programs The Accreditation Council for Business Schools and Programs (ACBSP), formerly the Association of Collegiate Business Schools and Programs, is a U.S. organization offering accreditation services to business programs focused on teaching and learni ...

(ACBSP) accreditation *

Middle States Commission on Higher Education The Middle States Commission on Higher Education (abbreviated as MSCHE and legally incorporated as the Mid-Atlantic Region Commission on Higher Education) is a voluntary, peer-based, non-profit membership organization that performs peer evalua ...

(MSCHE) regional accreditation

Rankings

Quacquarelli Symonds

* 2023, QS Online MBA Rankings: The Americas ranked number 32nd in the United States.

Poets & Quants

* 2023, Best Online MBA program ranked number 6. * 2022, Best Online MBA program ranked number 10. * 2021, Best Online MBA program ranked number 20. * 2020, Best Online MBA program ranked number 23. * 2019, Best Online MBA program ranked number 11.

Princeton Review

* 2023, Top 50 Online MBA Program ranked number 7. * 2022, Top 50 Online MBA Program ranked number 10. * 2021, Top 50 Online MBA Program ranked number 15. * 2020, Top 25 Online MBA Program ranked number 16. * 2019, Top 25 Online MBA Program ranked number 18. * 2018, Top 25 Online MBA Program ranked number 20. * 2017, Top 25 Online MBA Program ranked number 22.

CEO Magazine

* 2023, Online MBA program ranked number 19 for global online rankings and number 4 for the top global online MBA program in North America. * 2022, Online MBA program ranked number 18 for global online rankings and number 3 for the top global online MBA program in North America. * 2021, Online MBA program ranked number 19 for global online rankings and number 2 for the top global online MBA program in North America. * 2020, Online MBA program ranked number 11 for global online rankings and number 2 for the top global online MBA program in North America. * 2019, Online MBA program ranked number 10 for global online rankings and tied number 1 for the top global online MBA program in North America. * 2018, Online MBA program ranked number 20 for global online rankings and number 5 for the top global online MBA program in North America. * 2017, Online MBA program ranked number 12 for global online rankings and number 7 for the top global online MBA program in North America. * 2016, Online MBA program tied for number 12 for global online rankings and tied number 5 for the top global online MBA program in North America.

Other Rankings

* 2015, Most influential education brand on LinkedIn.

References

External links

Jack Welch Management Institute official website
{{authority control For-profit universities and colleges in the United States Distance education institutions based in the United States Educational institutions established in 2009 Business schools in the United States Leadership training 2009 establishments in the United States