Strayer Education Inc. has agreed to acquire the Jack Welch Management Institute, an online leadership program for executives.
JWMI offers executive certificates and an executive MBA.
“With this acquisition, we will offer students an executive MBA program that combines a first-rate business education with the highest level of academic quality and rigor,” said Robert S. Silberman, chairman and CEO of Strayer Education. “Jack’s experience and success in the business world serves as a solid foundation for the executive MBA program and will expand our corporate training offerings.”
Jack Welch was the former chairman and CEO of General Electric. He founded JWMI in 2009 as part of Chancellor University.
“Our vision has always been to build JWMI into the number one online business school in the world,” Welch said. “Combining with Strayer University gives the Institute the educational foundation, the reach, and resources to achieve this vision.”
The acquisition is expected to close by the end of the year and is subject to regulatory approvals.
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