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Look I know a lot of you might not have the job right now or looking for better paying one you wanna know how you can give your resume -- -- Just -- Jack -- name to it may be for profit college Strayer Education announcing.
That it is buying the Jack Welch management institute this is -- online school for about seven million dollars.
Joining us live now from Jupiter Florida with more on the deal is Jack Welch founder of the Jack Welch management institute my former -- well.
And CEO -- General Electric along with Robert -- chairman and CEO of Strayer Education welcome to both gentlemen thanks for coming on the program.
Are in -- listen listen Robert when Jack puts its mind to something you better watch out Z.
He -- but if you just -- -- roll over everybody that Jack what is the idea here.
What is the number one objective that you have for Europe online school by hooking up with -- Can be gotten the number one online business school the world you you said -- I mean.
We wish out of school in twenty months we've gone -- 200 students.
Getting their MBAs.
And now we join up with the strong.
Educational institutions like -- West 55000.
Students ninety campuses.
And we're -- to the -- to show a more more people what we do with this curriculum which is up all of -- -- live.
Robert is it the same type of curriculum that you would get it most MBA and most executive MBA programs.
Unique about what Jack -- -- table was a track record both as an executive and as a really is the founder I think in.
-- in corporate America I mean we all have watched what happened to G with the -- management training program.
And so those of us who've been involved in MBA education have taken that is sort of the Atlanta and that we all try and follow so when he came to me.
Having the opportunity to have access to that curriculum that background was.
-- -- very attractive.
-- with the fourteen million Americans who were unemployed right now and everybody is looking for a leg up on the competition.
What is it that I'm going to learn from your school vs a traditional MBA program where if my application were sitting in front of somebody I might get chosen because look.
I'm not telling you guys anything you don't know you think online education you think.
This really as legitimate as something else out there.
Contemporary people don't think that willingness to month.
I -- bad -- they -- what you learn is how to build teams.
How to motivate people -- how to differentiate.
How to design simple strategies.
You'll -- things in it in the call us on the online course that you didn't that you work the next morning.
And people are doing that the story here -- that -- started we have from a twenty months of operating.
When people like -- back to work and showing their bosses what they can deliver.
And getting promotions getting raises its astounding.
We -- teaching people how they get.
And traditional big business schools teach a lot more theory now we blend in theory with but -- will teach you how to win.
Get it -- how to build great -- how to compete in the global marketplace list.
And Robin and sailors is that that the go go ahead.
I was gonna say the distinction between online education class from education really is being blurred most traditional academic institutions including.
So most well known MBA programs have a large -- curriculum that's delivered on line.
And and we should also mentioned you can't beat the cost of me.
The cost of this is going to be about 26000 dollars we decided to pull up some of the cost of other traditional business schools.
More than a 100000 dollars depending on what you're looking at a -- -- a 1121000.
-- -- you see the list here but you flip it over to executive MBAs.
What are they doing here Jack I mean -- 313000.
For Kellogg in the new government or 54000 for Colombia.
If you look at these prices that part is easy for me but Jack.
If you -- back in your office at General Electric way back when and you needed to fill a position that required great management skills by somebody who was entering the workforce.
You -- two applications in front of you.
One of these people went to Harvard one of them went to -- or or your school.
Which one argue really going to pick here and why.
When he came back to that point point in time before I understood the whole of it.
The whole thing about online educational if I would've taken that fancy.
Because students work all the time they don't have the loss costs.
Dropping out of school but two years and auto.
MBA program they work in go to school and and these people have -- -- into the drank banks don't have hard working they getting it great practical education.
I -- minute minute grab an intimate and it's happening we're going up hedge -- With with young people in companies.
Where it fancy title MBA.
And not from the socks off unless.
-- and -- is that there are actually quite a few people would she was -- MBA itself.
It at least some of them had had that decision that was that was made for the many weeks.
We've had over a hundred -- track record of serving corporations and there's -- a large number of them -- send us their employees directly so.
It's you know it's it's it's an education which we think can be.
Extremely valuable for the people who need it.
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