Picture 1564.pngBeen considering doing the MBA thing but either didn’t get accepted to your top pick or get it together in time to send out any apps? Might we suggest Chancellor University System LLC, which comes out of the remains of formerly bankrupt Myers University in Cleveland? Most classes will offered online so you won’t have to relocate (or even get out of bed) and– and this is what we think will be the biggest draw– the MBA program will be known as “The Jack Welch Institute.” Welch recently paid $2 million to have his name and face stamped on the place, after meeting lead investor Michael Clifford at a party a few years ago. For those of you thinking an online degree might look a bit low rent on the res, do not fear. Jackles wasn’t sold initially, either.

Mr. Welch says he was initially skeptical of online education, but has been impressed by the Apollo Group Inc.’s University of Phoenix, which has nearly 400,000 students, and Mr. Clifford’s Grand Canyon University. Last fall, he called Mr. Clifford and said he wanted a role in Chancellor.
“I’m now a believer,” Mr. Welch says.

Will you get to take classes in the art of throwing scalding hot coffee on people who cut you off in the parking lot, like you would at HBS? No. And for some of you, that’s probably a dealbreaker. What you will get is “a real education,” according to Welch, who adds, “I think.”


Additionally, Welch will record a weekly video address for students, and, given that he’s involved in recruiting faculty and planning curriculum, what we’re assuming will be a chance to appear on Squawk Box and the opportunity to take classes under the instruction of Professor Maria Bartiromo (Day One: Media Relations). If all that sounds like something you’d be interested in, and you’ve got $21,600 (not including fees) handy, you’ll need an undergrad GPA of at least 2.8, which may prove tricky for some, though we’re assuming it’s negotiable. On the bright side: you don’t have to take the GMAT, or pledge to remain a virgin til marriage you won’t act unethically.

Comments (48)

  1. Posted by guest | June 22, 2009 at 9:33 AM

    Applying 6-sigma to milf-banging. Should be fun.

  2. Posted by guest | June 22, 2009 at 9:33 AM

    I wonder if they offer a dual-degree program with Trump University… First!

  3. Posted by guest | June 22, 2009 at 9:36 AM

    This must have a target practice course, with the target of course being Immelt. Do they require you to buy a Wii for that?

  4. Posted by guest | June 22, 2009 at 9:38 AM

    I hope they are able to get Matthew Lesko on board as Professor of Entrepreneurial Finance. Do you think he is available?

  5. Posted by guest | June 22, 2009 at 9:40 AM

    Day Two of Bartiromo’s class: High altitude BJs.

  6. Posted by guest | June 22, 2009 at 9:42 AM

    His voice haunts my dreams.

  7. Posted by Becky Boot Fan | June 22, 2009 at 9:44 AM

    When will the on-line Dean crack down on that rowdy on-line fraternity?
    “A lot of guys figure, they’ll pledge Omega…or they won’t pledge at all.”

  8. Posted by guest | June 22, 2009 at 9:45 AM

    Bartiromo looks like a hot mess…Shes gained at LEAST 15 lbs in the past year…she needs to be taken out to pasture

  9. Posted by guest | June 22, 2009 at 9:47 AM

    @8 the shag haircut and streaks she’s sporting dont help.

  10. Posted by InfiniteGuest | June 22, 2009 at 9:48 AM

    @intern (quant?) @5, that’s Day One, pal.
    (yes, I said “pal,” you may commence)

  11. Posted by guest | June 22, 2009 at 9:49 AM

    Short Welch, long Welch’s Grape Juice.

  12. Posted by guest | June 22, 2009 at 9:53 AM

    I think Deuce Bigalow’s dad graduated from there.

  13. Posted by Harshy | June 22, 2009 at 9:55 AM

    Weekly video address? Sounds like Jack Welch wants to be the Henry Ford of “Brave New World”.

  14. Posted by guest | June 22, 2009 at 10:00 AM

    I just heard the Jack Welch School of Business will expel anyone caught reading Dealbreaker.

  15. Posted by guest | June 22, 2009 at 10:03 AM

    Will I be able to transfer my DeVry credits?

  16. Posted by guest | June 22, 2009 at 10:05 AM

    Chancellor MBA grads finishing in the top five percent of their class will be designated as Gasparino Scholars.

  17. Posted by guest | June 22, 2009 at 10:08 AM

    How was your weekend?

  18. Posted by guest | June 22, 2009 at 10:11 AM

    I went to UVA so I feel comfortable saying that I am smarter than Welch students.

  19. Posted by guest | June 22, 2009 at 10:13 AM

    “Now I can’t call you…”
    Apex Tech Dude

  20. Posted by Investorcluzo | June 22, 2009 at 10:13 AM

    jack has jumped the shark, I mean, reinvented himself a la six sigma…

  21. Posted by Harshy | June 22, 2009 at 10:15 AM

    @18
    I went to Hamburger University so I am smarter than Welch students.
    http://en.wikipedia.org/wiki/Hamburger_University

  22. Posted by guest | June 22, 2009 at 10:17 AM

    @8 – She’ll look even worse after I’m done with her. I like ‘em slightly trashy-looking, anyway…

  23. Posted by guest | June 22, 2009 at 10:18 AM

    @18/21: I went to high school so I am smarter than Welch students.

  24. Posted by guest | June 22, 2009 at 10:22 AM

    @21, I want to go to Bovine University

  25. Posted by guest | June 22, 2009 at 10:24 AM

    @24. Isn’t that Erin Burnett’s alma mater?

  26. Posted by guest | June 22, 2009 at 10:25 AM

    i went to the university of life where i sucked up wisdom through a crackpipe.
    -M. Waters

  27. Posted by guest | June 22, 2009 at 10:25 AM

    School? School is for poofs.

  28. Posted by guest | June 22, 2009 at 10:37 AM

    BJ101: Introduction to Media Relations
    Prof. M. Bartiromo
    (Guest Lecturer, Prof. C. Gasparino)
    Req. texts:
    GOING DOWN: An Illustrated Guide to Giving Him the Best Blow Job of His Life by Nicci Taylor
    MEDIA ETHICS by Patterson and Wilkins
    Grading:
    Attendance: 10%
    Lab work: 40$
    Final exam (all students will be required to demonstrate full mastery of concepts taught in course by demonstrating their skills on either Prof. Bartiromo or Gasparino): 50%

  29. Posted by guest | June 22, 2009 at 10:43 AM

    I hear they specialize in situational fluidity.

  30. Posted by Harshy | June 22, 2009 at 10:44 AM

    @25
    I think she was a classmate of Suzy Welch.

  31. Posted by guest | June 22, 2009 at 10:46 AM

    @28 ftw

  32. Posted by guest | June 22, 2009 at 10:48 AM

    I’m really hoping to get into professor gasparino’s course next semester.

  33. Posted by guest | June 22, 2009 at 10:50 AM

    I went to Thunderbird.

  34. Posted by guest | June 22, 2009 at 10:54 AM

    @16 FTW !!

  35. Posted by guest | June 22, 2009 at 11:15 AM

    I think 3 weeks as a greenhorn on the “Northwestern” will cure Jack of his celebrity addiction.
    ~Sig

  36. Posted by guest | June 22, 2009 at 11:27 AM

    Maybe I am right.

  37. Posted by guest | June 22, 2009 at 12:40 PM

    coming next, “The Jack Welch Grill”

  38. Posted by guest | June 22, 2009 at 12:40 PM

    @16 FTW!

  39. Posted by guest | June 22, 2009 at 1:47 PM

    This guy is a complete train wreck.
    It’s getting really hard to watch.
    His ex-wife must be laughing her ass-off.

  40. Posted by guest | June 22, 2009 at 1:49 PM

    This guy is a complete train wreck.
    It’s getting really hard to watch.
    His ex-wife must be laughing her ass-off.

  41. Posted by guest | June 22, 2009 at 1:49 PM

    This guy is a complete train wreck.
    It’s getting really hard to watch.
    His ex-wife must be laughing her ass-off.

  42. Posted by guest | June 22, 2009 at 2:37 PM

    Surprise.

  43. Posted by guest | June 23, 2009 at 12:32 AM

    Sweet. Now I can transfer from Booth and get the hell out of this town.

  44. Posted by guest | July 3, 2009 at 4:06 PM

    I don’t have a 2.8 GPA but I certainly will try to pick it up. For a person like me who probably couldn’t go to Harvard Business School this is a dream come true. I have followed Mr. Welch for a long time so when I saw in the WSJ that he was backing an online MBA program I did jumping jacks. I attend the University of Pheonix it is a lot of fun I haven’t voiceterous about it because I didn’t think online school were seen as cool but if Mr. Welch is impressed I plan to say more about my experience. Getting an MBA from the Jack Welch Institute will be awesome for me so send me Kaiser Jaeger your positive energy that I can get in &
    WIN, I like WINNING, that is Striaght from the Gut, I don’t know about At Any Cost but $22,000 don’t sound bad.
    Kaiserj

  45. Posted by guest | July 9, 2009 at 3:48 AM

    @41, ex-wife was laughing her ass off every time he dropped his pants and showed her his little pink sigma. So she started banging the Chauffeur!

  46. [...] they’d figured out how to fix this thing. Unfortunately Welch has his hands tied getting his online business school off the ground, and doesn’t have the time to deal with [...]

  47. Posted by AvoidIt | July 1, 2010 at 11:14 AM

    Jack Welch Institute at Chancellor University is in serious danger of losing its accreditation. Avoid it.

  48. Posted by Anonymous | June 15, 2011 at 5:00 PM

     Business schools are consider the business courses like BBA and MBA.Jack Welch’s Online Business School are nice destination to learn the business course.

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