Posted on 07/15/2009 11:00:40 AM PDT by bs9021
The Jack Welch MBA
by: Deborah Lambert, July 15, 2009
In the case of former GE CEO Jack Welch, you name a degree after him. The Wall Street Journal reported that Welch is “paying more than $2 million for a 12 percent stake in Chancellor University System LLC, which is converting a formerly bankrupt university into an online entity—and naming its Business Administration Program the “Jack Welch Institute.”
This didn’t happen overnight. Welch, a former skeptic of online programs, had to be convinced that this one would be a high quality product, worthy of his name.
The Chancellor project is the brain child of entrepreneur Michael Clifford, a veteran venture capitalist who’s already launched two education companies. The idea is that Welch’s name would add some cachet to the online project that would attract more people to sign on.
Welch and his wife Suzy are active participants in planning the new entity. An undergraduate degree will run about $40,000 and the MBA will cost about $21,600.
Online education programs are booming these days. They “will generate $11.5 billion in revenue this year.”
But getting Jack’s okay required some relationship building. When Clifford first met Welch a few years ago, they practically got into a screaming match over online education. Clifford was pro, Welch against. It took schools like the University of Phoenix to finally reverse Jack’s low opinion of online programs....
(Excerpt) Read more at campusreportonline.net ...
Here is the class list for the first semester.
Rank and Yank 101
Underperfoming in a Technology Boom
Whats a Blackbelt
Six Sigma and you
Introduction to the Private Jet for Life
Fix the Stats
Enviromental Law Abatement
Good for Mr. Welch, he'll be the wealthiest corpse in the graveyard.
As a side note he may be a good manager and businessman but as a father/husband/general human being...epic fail. (as the kids say)
MBAs are worthless now. I have one. The on-line degrees are especially worthless. I only got mine to validate what I already know.
Here is the class list for the first semester.
Rank and Yank 101
Underperfoming in a Technology Boom
Whats a Blackbelt
Six Sigma and you
Introduction to the Private Jet for Life
Fix the Stats
Enviromental Law Abatement
And the last few classes you take are:
Creating a Business in India
Outsourcing to newly created business in India
Maybe not “worthless”, but they are only going to get your foot in the door. Unless you really took it to heart and are financially adept and able to apply it in a specific sense, it’s just a business degree and nothing more.
They look good on the resume and will get a head nod from an interviewer, but nobody hires into a 6 figure job based on an MBA—unless you have one of the hard (re: physics/engineering) degrees and a track record to go with it.
I’m not saying don’t bother, just don’t get your expectations too high. I did get a promotion I wouldn’t have gotten without it, but it ends there, and the rest is up to me.
Agreed and thanks for the guidance!
No problem. I’ve enjoyed your posts over the years.
Actually you can get a 6 figure job right of school if you get an MBA from a tier 1 school.
You left out,
Outsourcing Your Core Competencies to India.
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