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Career Education history
Career Education company history timeline
In July 1995 CEC added Brown Institute of Mendota Heights, Minnesota, and Allentown Business School of Allentown, Pennsylvania.
1996: CEC enters field of culinary arts with purchase of Western Culinary Institute.
It was 1996, and he says things were already different from when he went to vocational school a decade earlier.
In the fall of 1997 CEC announced plans to issue 2.85 million shares of stock on the NASDAQ exchange for the purpose of repaying debt.
The IPO was launched in early 1998, and raised more than $45 million for the company.
Scoring a Coup with Le Cordon Bleu: 1998
The first United States programs would be offered at CEC's Brown Institute campus in Minnesota, where the new Midwest Culinary Academy was set to open in January 1999, and later at other locations.
The company's acquisitions continued in the spring of 1999 when McIntosh College of New Hampshire was bought for $5 million and Briarcliffe College of New York was purchased for $20.6 million.
A new program, "Save Our Students" (S.O.S.), was launched in 2001 to further increase this figure.
The year 2001 also saw CEC open a new branch of the Katharine Gibbs Schools in Philadelphia.
Career Education: History and Future by Kenneth B. Hoyt, 200 pages, 2005, National Career Development Association.
18 Kemple, J & Willner, C.J. (2008). Career academies: Long-term impacts on labor market outcomes, educational attainment, and transitions to adulthood.
12 See, for example, Kelly, S. & Price, H. (2009). Vocational education: A clear slate for disengaged students? Social Science Research, 38(4), 810–825.
In 2013, the graduation rate at regional vocational high schools was 95 percent.
In 2015 alone, 39 states instituted 125 new laws, policies or regulations relating to CTE, many of which increased state funding for such programs.
See Hanushek et al. (2017). “General Education, Vocational Education, and Labor-Market Outcomes over the Life-Cycle.” Journal of Human Resources.
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Career Education competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Ashford University | 1918 | $108.5M | 2,325 | - |
| Strayer University | 1924 | - | 1,855 | - |
| Berkeley College | 1931 | $120.0M | 511 | 24 |
| Central New Mexico Community College | 1965 | $29.9M | 2,097 | 32 |
| Kendall College | 1934 | $9.0M | 50 | 3 |
| Apollo Education Group | 1973 | $2.1B | 26,000 | - |
| American InterContinental University | 1970 | $10.0M | 1,226 | - |
| Ultimate Medical Academy | 2004 | $5.6M | 30 | 10 |
| Kaplan | 1938 | $1.3B | 12,000 | 439 |
| Heald College | 1863 | $213.7M | 2,000 | - |
Career Education history FAQs
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Career Education may also be known as or be related to Career Education, Career Education Corporation and Perdoceo Education Corporation.