Guild Education
| File:GUILD Education logo.png | |
| Company type | Private company |
|---|---|
| Founders | Rachel Romer Carlson and Brittany Stich[1][2] |
| Headquarters | Denver, Colorado |
| Total equity | $4.4 billion (estimated June 2022)[3] |
Number of employees | 1,400 (2022)[4][better source needed] |
| Website | www |
Guild Education is a private company headquartered in Denver, Colorado that is employed by Fortune 1000 companies to manage their education assistance benefits.[5] Guild works for corporate employer clients to facilitate direct payment for courses to education provider clients[6][5] and offers marketing services to the education provider clients.
Corporate clients
Guild Education clients include major corporations and Fortune 500 companies, including Dollywood Parks and Resorts,[7] Macy's, Inc.,[8] Sunrun,[9] Target Corporation,[10] and Walmart.[10][11]
Education provider clients
Education provider clients include colleges and universities, including: North Carolina A&T,[12] Pathstream,[13] and Paul Quinn College.[14]
In 2021, 2U made its degree programs, courses, and bootcamp programs available to the corporations that employ Guild.[15] Google also made Google Career Certificates available to corporations that employ Guild.[16]
Business strategy
Guild Education works for large corporations and contracts with adult education providers. It offers marketing services and schools pay only when students enroll.[17] The employers also get a tax break.[18] In June 2021, CNBC reported Guild Education also seeks to profit from its expectation of increasing displacement of workers due to automation.[19] In 2018, The Century Foundation contributor Kelia Washington wrote "at best, these programs are limited in their ability to meaningfully increase college access and completion, and, at worst, they can create additional barriers for employees seeking to obtain high-quality, meaningful credentials."[20]
Shareholders
In 2021 Lumina Foundation became a shareholder in Guild Education. [21]
See also
References
- ^ Chuang, Tamara (3 December 2018). "Guild Education's twist on college is working for cashiers, sales clerks and others who abandoned the idea of a college degree". Colorado Sun. Retrieved 25 March 2021.
- ^ McPherson, Doug (October 9, 2020). "Growth at EY winner Guild Education leads to new program, acquisition". Denver Business Journal. Retrieved 6 April 2021.
- ^ McGregor, Jena. "Guild Education Reaches $4.4 Billion Valuation As Labor Market Demands Continue—And A Downturn Threat Rises". Forbes. Retrieved 2 June 2022.
- ^ "Forbes profile: Guild". Retrieved 6 September 2022.
- ^ a b "Managing Future Growth at an Innovative Workforce Education Startup". Harvard Business School Working Knowledge. March 23, 2021. Retrieved 26 March 2021.
- ^ Berman, Jillian (September 25, 2019). "Why Walmart, Disney and so many other companies are paying for their employees' college education". MarketWatch. Retrieved 15 March 2021.
- ^ Garvey, Marianne (9 February 2022). "Dolly Parton's theme park will soon pay for employees to go to college". www.cnn.com. CNN. Retrieved 11 February 2022.
- ^ Moin, David (8 November 2021). "Macy's Boosts Minimum Wage and Benefits to Workers". Women's Wear Daily. Retrieved 11 November 2021.
- ^ Pickerel, Kelly (25 August 2021). "Sunrun establishes no-cost employee education program to bolster clean energy jobforce". Solar Power World. Retrieved 11 October 2021.
- ^ a b Rosenbaum, Eric (August 5, 2021). "EVOLVE Target, Walmart education deals are inflection point in war for workers, says Guild Education CEO". CNBC. Retrieved 5 August 2021.
- ^ La Roche, Julia (February 15, 2020). "How Walmart $1-a-day college benefit helps create a 'highly engaged' workforce". Yahoo Finance. Retrieved 15 March 2021.
- ^ Academic Affairs. "N.C. A&T Partners with Guild Education to Create Mobility for America's Workforce". North Carolina A&T. Retrieved 22 October 2021.
- ^ Blumenstyk, Goldie. "The Edge: As More Employers Provide Education Benefits, New Questions Arise". Chronicle of Higher Education. Retrieved 26 September 2021.
- ^ Douglas-Gabriel, Danielle (September 23, 2020). "This college is responding to an often-ignored population: Working adults". Washington Post. Retrieved 15 March 2021.
- ^ Wan, Tony (February 24, 2021). "2U, Guild Education Partner to Expand Online Education for Adult Workers". EdSurge. Retrieved 20 March 2021.
- ^ Greig, Jonathan (March 11, 2021). "Google relaunching career certificates, job board and scholarship program". TechRepublic. Retrieved 26 March 2021.
- ^ Yaffe-Belany, David. "How to Get Rich Sending Low-Income Workers to College". www.bloomberg.com. Bloomberg. Retrieved 16 December 2021.
- ^ Wilson, Alexandra. "Class Act: This 31-Year-Old's Company Rocketed To A $1 Billion Valuation Helping Workers Get Degrees". Forbes. Retrieved 31 March 2021.
- ^ de León, Riley (June 2, 2021). "CNBC Disruptor 50 Guild Education reaches $3.7 billion valuation amid labor shortage". CNBC. Retrieved 9 June 2021.
- ^ Washington, Kelia (October 15, 2018). "Starbucks, Walmart, and Amazon Offer "Free" College—but Read the Fine Print". tcf.org. The Century Foundation. Retrieved 23 February 2022.
- ^ Glover, Haley. "Study Shows the Benefits of Walmart Education Effort Retail Giant's Live Better U Program is Proving its Value" (PDF). Lumina Foundation. Retrieved 15 September 2021.