Guild Education

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Guild Education
TypePrivate company
FoundersRachel Romer Carlson and Brittany Stich[1][2]
HeadquartersDenver, Colorado
Total equity$3.8 billion (estimated)[3]
Number of employees
500 (estimated as of April 2020)[4]
Websitewww.guildeducation.com

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, retention advising for students, and data analysis to the education provider clients for an additional price.

Corporate clients[]

Education provider clients[]

In 2021, 2U made its degree programs, courses, and bootcamp programs available to the corporations that employ Guild.[19] Google also made Google Career Certificates available to corporations that employ Guild.[20]

Business strategy[]

Guild Education works for large corporations and contracts with adult education providers. It profits by eliminating internet marketers, like Google and Facebook, who make several thousands of dollars per student and shares revenues with the schools.[21] The employers also get a tax break.[22] In June 2021, CNBC reported Guild Education also seeks to profit from its expectation of increasing displacement of workers due to automation.[23]

Guild offers a two-tired programs to its education provider clients:

  • Direct Payment Program
  • Certified Partner Program--offers additional services, including marketing, retention advising, and data solutions.

Shareholders[]

In 2021 Lumina Foundation became a shareholder in Guild Education. [24]

See also[]

References[]

  1. ^ 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.
  2. ^ McPherson, Doug (October 9, 2020). "Growth at EY winner Guild Education leads to new program, acquisition". Denver Business Journal. Retrieved 6 April 2021.
  3. ^ Roof, Katie; Baker, Liana. "D1 Capital Backs Guild Education at $3.8 Billion Value". Bloomberg. Retrieved 2 September 2021.
  4. ^ Blumenstyk, Goldie (April 15, 2020). "Counting on Employer-Paid Tuition Is Hardly a Safe Strategy Anymore. What Now?". Chronicle of Higher Education. Retrieved 9 June 2021.
  5. ^ a b "Managing Future Growth at an Innovative Workforce Education Startup". Harvard Business School Working Knowledge. March 23, 2021. Retrieved 26 March 2021.
  6. ^ 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.
  7. ^ Guild Education (October 13, 2021). "Bon Secours Mercy Health Collaborates with Guild Education to Expand Associate Education Program". GlobeNewswire. Yahoo Finance. Retrieved 14 October 2021.
  8. ^ Moin, David (8 November 2021). "Macy's Boosts Minimum Wage and Benefits to Workers". Women's Wear Daily. Retrieved 11 November 2021.
  9. ^ https://nextchapter.guildeducation.com/getstarted/. Retrieved 14 December 2021. Missing or empty |title= (help)
  10. ^ Pickerel, Kelly (25 August 2021). "Sunrun establishes no-cost employee education program to bolster clean energy jobforce". Solar Power World. Retrieved 11 October 2021.
  11. ^ 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.
  12. ^ 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.
  13. ^ "MedCerts Partners with Guild Education to Provide Course Offerings to Fortune 500 Employees". Business Wire. 12 January 2021. Retrieved 27 October 2021.
  14. ^ Lueckemeyer, Olivia (15 September 2021). "Midwestern State University, North Central Texas College design plans to help working adults". Community Impact. Retrieved 27 September 2021.
  15. ^ Gabrielle, Natasha (6 September 2021). "This Major Retailer Will Cover Employee Tuition and College Costs to Attract More Workers". Motley Fool. Retrieved 25 September 2021.
  16. ^ 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.
  17. ^ Blumenstyk, Goldie. "The Edge: As More Employers Provide Education Benefits, New Questions Arise". Chronicle of Higher Education. Retrieved 26 September 2021.
  18. ^ Douglas-Gabriel, Danielle (September 23, 2020). "This college is responding to an often-ignored population: Working adults". Washington Post. Retrieved 15 March 2021.
  19. ^ Wan, Tony (February 24, 2021). "2U, Guild Education Partner to Expand Online Education for Adult Workers". EdSurge. Retrieved 20 March 2021.
  20. ^ Greig, Jonathan (March 11, 2021). "Google relaunching career certificates, job board and scholarship program". TechRepublic. Retrieved 26 March 2021.
  21. ^ Yaffe-Belany, David. "How to Get Rich Sending Low-Income Workers to College". www.bloomberg.com. Bloomberg. Retrieved 16 December 2021.
  22. ^ 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.
  23. ^ de León, Riley (June 2, 2021). "CNBC Disruptor 50 Guild Education reaches $3.7 billion valuation amid labor shortage". CNBC. Retrieved 9 June 2021.
  24. ^ 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.
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