Jack Welch has launched an online
MBA program based on the business principles he made famous teaching managers and executives in GE's Crotonville classroom. It officially launched
towards the latter part of June, 2009 with classes starting in the fall.Average MBA's cost $100,000 while the Jack Welch Management Institute will cost $20,000.
Welch's decision to jump into online education shows impeccable timing. Business schools in general are experiencing a rise in applications as mid-level managers look to expand their business acumen while waiting out the current job slump. The new program's flexible schedule—paired with the low tuition cost—could be doubly attractive to those looking to move up the corporate ladder as the market begins to rebound.
