Career Education - In a help of financial trouble | Glassdoor
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There are newer employer reviews for Career Education

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Helpful (1)

"In a help of financial trouble"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at Career Education full-time (More than 5 years)

Pros

Big company, owns school in culinary, art and design, online colleges, healthcare and int'l.

Cons

They lost over 10 mil this year, over 900 layoffs in Dec 2012 and over 1000 a year or two ago. They've downsized to the point that I can't see how many roles left could be cut and still operate. They just closed 23 campuses nationally and I'm pretty sure will see that many more close in the next 24 months or so. I think they will start to shift to mostly online schools and let leases expires at on ground schools and do teach outs.

Advice to Management

Supporting an industry like culinary when the placement rates are so low and their expected income is the same as someone getting the job with no college degree/cert isn't the right thing to do. Dollars need to be allocated to those schools that can provide the degrees that will get the grads jobs and careers. Emphasis has been on listening to the campuses this last year but I never saw anyone listening.. Major decisions made all the time without even a campus President's buy in. Programs being changed when no one agreed, programs being pushed that no one wanted to enroll for, and competing schools both owned by CEC and near each other offering the same programs cannibalizing the business.. So many felt lucky to be let go and so many more actually hoping their campuses will close. Those people used to be major believers in the brand and what they do, CEC is to blame for that shift, not gainfull employment or Obama, but the decisions they've made and the aftermath therein.

Other Employee Reviews for Career Education

  1. "CEC"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at Career Education full-time (More than 3 years)

    Pros

    Working for a big company. Good working conditions

    Cons

    Uneasiness of economy. Nowhere to move up


  2. Helpful (1)

    "management need improvement"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Adjunct Instructor
    Former Employee - Adjunct Instructor
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Career Education (More than 5 years)

    Pros

    Rated in the top 10 for all online MBA programs, better than UNC Chapel Hill, Bosnew focus on students.ton University, etc.,

    Cons

    Poor management, top level management team has left company several times during the past 18 months, stock price has tanked resulting in huge losses for employees who pactipate in the stock option plan ( down from over $30.00 per share since mid 2011), and no cost of living raise during past 4 years.

    Advice to Management

    You must have stability with senior management team, improve preception of company, at a minimum, provide a cost of living raise for all, and if you truly feel that the company cannot succeed without employees, treat as such.

There are newer employer reviews for Career Education
There are newer employer reviews for Career Education

See Most Recent

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