Many business schools across the United States are named after successful businessmen, and their successes are studied and discussed by students. But at Jack Welch Management Institute (JWMI), students have the footsteps of a real-life model to follow.
Former CEO of General Electric, Jack Welch, is best known for turning the company into an international conglomerate by reinventing it several times over two decades. In May this year, he was referred to as America’s best businessman by Home Depot co-founder Ken Langone, and in June, Fortune.com listed his book as a biography of one of the 18 “Most Successful People in Business.”
And Welch is more than just a namesake for the school. He is actively involved in curriculum development, faculty review, and daily program management at JWMI, and on top of that, students get to interact with him on a regular basis.
CAREER COACHING A FOCUS AT JWMI
The JWMI Master of Business Administration online MBA program is a 30-month program, that enrolls students four times a year. In 2017, a total of 2,307 students applied and 1,456 were admitted. Though the school is based right in the capital of the nation, in Washington, D.C., administrators say everything for students in the online MBA program is done online, including the admissions process interview that all students go through.
Students at JWMI have the opportunity to take part in quarterly career coaching webinars with Jack Welch himself. On top of that, each student is also assigned to an advisor who connects them with appropriate career-related resources throughout their program with access to writing and communication coaches, quantitative tutors, bi- monthly leadership webinars, local networking events, online networking group, and periodicals subscriptions.
To further connect students with the industry, the online MBA program also features exclusive lectures by over three dozen executives from top companies, including Warren Buffett of Berkshire Hathaway, Omar Ishrak of Medtronic, Rosalind Brewer of Starbucks, Toby Cosgrove of Cleveland Clinic, and Kevin Plank of Under Armour.
“We have a very student-centered model that is not only based on student outcomes, but also returns on the job,” the school claims. And the school has the numbers to prove it. In a survey of their graduates, the school found that out of 402 students who graduated in 2018, some 67% of them received a pay raise or were promoted while enrolled in the online MBA program. The average salary at graduation was an impressive $98,000, and with these outcomes, 96% of graduates said they would recommend the program.
IMMEDIATE CAREER AND JOB TRAINING
Other ways in which the program, which was launched in 2010, differentiates itself, is by operating on the “Learn today. Apply tomorrow” motto. “Since 96% of our students are employed full time, our content is designed for immediate impact on the job,” Meghan Rodgers, Chief Marketing Officer, wrote in response to the Poets&Quants survey. “We are a student-centric school and utilize feedback to assess our content, faculty and services. Our Net Promoter Score (NPS) averaged over 80 for the 2017/2018 academic year, putting us on par with the best organizations in the world.”
As part of the program, courses at JWMI are designed to help students create an immediate impact on their current companies. Students are guided through projects of their choice depending on their concentrations, most of which serve their employing companies in some way and can be used to impress.
Marketing students are expected to create marketing plans, Operations Management students complete a process map for their company’s operations, and apply Six Sigma techniques to optimize, and People Management students prepare a talent scorecard for their organization, identifying personnel gaps against current business needs. Strategy students assess their company’s strategy using the Jack Welch strategic framework, and New Business Ventures students either create a business plan for a startup or an intrapreneurial idea within their own company.
As a capstone project, students act as the CEO of their company and use data analytics to dissect a current business problem before creating a strategy to address it in the upcoming year. In conclusion, they deliver a Board-level presentation with their findings.
NETWORKING A PART OF THE PROGRAM
JWMI also offers their students opportunities to network at professional events in international markets. For example, during the 2017-2018 academic year, the school hosted an event with LinkedIn in Toronto where participants had the opportunity to receive career advice from JWMI executives and LinkedIn profile reviews and pro-tips from the LinkedIn team. Other networking events were also held in Dubai and Abu Dhabi.
At JWMI, all faculty members teaching in the online MBA program also hold a Ph.D, or terminal degree, and average 20 years of professional business experience at companies including Microsoft, Merck, AT&T, Citibank, Johnson & Johnson, and P&G. The school also does not practice tenure, instead assessing applicants to teaching positions based on their international experience and willingness to coach, rather than teach. Educators are also assessed based on student survey data, and those at the top are rewarded, those in the middle are coached, and those at the bottom are gently weeded out to do what’s best for the students.
The course has a pretty average student to faculty ratio of 19:1 in each course, but what may be helpful is that the online MBA program is completely online, including the admissions interview that every applicant goes through.
“We support working adults who demand flexibility,” Rodgers says. “Our program is 100% online. Students can complete coursework on any device at any time within set due dates. We are one of the first schools to partner with Amazon’s audible to deliver course materials and lectures in audiobook format.”
CURRENT STUDENTS RANGE IN AGE 22 TO 73
Compared to some other online programs, demands from the JWMI program are comparatively low, requiring just between 10 and 15 hours a week of involvement from students, with the total tuition and fees for the 2018 academic year being $17,520, making it a mid-price range online MBA program. At about $3,650 per course, a full 12 courses to earn the degree is estimated to cost $43,800 in tuition. And to make school more affordable, the school not only encouraged students to apply for tuition reimbursement from their companies, but also offer scholarships, financial aid, and military benefits.
With the current student body having an age range from as young as 22 to as mature as 73, one can expect classmates with a considerable variety of experiences and viewpoints to contribute to lively classroom discussion.
To apply, student must have at least five years of work experience, with more than half having spent a decade or more in their industry. They must also show a minimum 3.0 undergraduate GPA on a 4.0 scale, and write a personal essay.
“The big thing we’re looking for is evidence of graduate potential,” a JWMI spokesperson said. “Other than undergraduate GPA, we look at their professional resumes and how they’ve progressed through their careers. We looking for folks who want to be better leaders and build great teams. ”
JACK WELCH MBA WITH HEALTHCARE CONCENTRATION
- Today, healthcare systems face unprecedented complexity—rising costs, economic inefficiencies, changing technologies, and increased regulation. This concentration will prepare you to address these critical issues and effectively lead in the challenging atmosphere. You’ll get the best of leadership, people management and business skills from our core MBA curriculum combined with the healthcare operations, finance, technology and policy tools you need to navigate today’s ever-changing healthcare environment.
The 12-course MBA program consists of the following class topics:
- Leadership in the 21st Century
- Business Communications and Executive Presence
- Financial Management I
- Marketing in a Global Environment
- Managerial Economics
- People Management
- Financial Management
- It’s All About the Patient (Healthcare)
- Operations Management
- Saving Money, Saving Lives (Healthcare)
- Organizational Change and Culture
- New Business Ventures and Entrepreneurship
- Managing through the Bureaucracy in Healthcare (Healthcare)
- Business Analytics and Executive Graduate Capstone
- Healthcare Informatics and Healthcare Capstone (Healthcare)
- Minimum time to complete: 18 months
- Maximum time to complete: 72 months
Tuition for courses in the JWMI MBA is charged at a rate of $3,650 per course for the 12 required courses in the program. Other fees may apply.
Trusted and Accredited
- JWMI is part of Strayer University, which is regionally accredited by the Middle States Commission on Higher Education (3624 Market Street, Philadelphia, PA 19104, 367-284-5000).
- The Jack Welch Management Institute’s online MBA is also programmatically accredited by the Accreditation Council for Business Schools and Programs (ACBSP).
JWMI faculty members are hand-picked for their passion to engage, challenge, and excite our MBA students. Experts in their fields with many years of professional experience, our faculty members have successfully passed a two-part, 10-week intensive training program that provides results in a higher rate of engagement and confidence within their digital classrooms.
- 35% female/65% male
- 95% with a terminal degree
- Student to faculty ratio: 19 to 1
Applicants to the Jack Welch Management Institute’s Master of Business Administration program are required to provide:
- A completed application and enrollment agreement
- A valid current government-issued photo identification
- Proof of completion of a United States Baccalaureate degree from an accredited institution, or approved equivalent
- A 3.0 undergraduate GPA
- A minimum of five years’ professional experience
- Resume or LinkedIn profile
- Personal Essay
- In addition to the above, special consideration may be given to applicants who do not meet minimum GPA requirements but show graduate potential and have a minimum of five years of professional or business experience.