Jolt is an education startup that offers MBA courses to students. Nowadays people who are interested in business are much more interested in higher education. For this getting an MBA degree is one of the most well-liked ways to go. These days higher education system isn’t living up to the expectations of students so Jolt, an education startup that portrays itself as an option to standard MBA courses, has raised a huge sum of $14.1 million in Series A funding. This huge funding will be used by the company to make the process of getting an education more easily.
“We have a thorough streaming process for hiring lecturers so we only use the very best talent, and at the end of each lesson, students rate the content and delivery to create a constant feedback loop that ensures quality and value for money for our students.”
This funding brings Jolt’s total funding to $23.3 million in just 3 years. The startup at present operates 3 campuses in London. The startup also claims that its three campuses have many numbers of students than the London Business School. Jolt also runs 7 business schools across Israel. The CEO and co-founder Roei Deutsch of the company also are from the same country.
According to the latest survey over 79 % of graduates don’t believe the existing model is working. That’s where Jolt comes in. The dazzling new startup is aiming to somehow change the education world with its in-person, pay-monthly MBA-style courses. Thanks to a $14.1 funding got by the company as this huge amount will make a way to making some huge effect.
In addition to the above, the education-based startup is planning to use the additional capital to maintain development across Israel, the U.K., and the U.S. with the first campus of the business school in Manhattan. The company at present has opened three sites in Soho, Shoreditch, and Liverpool Street, claiming to have new students than before.
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Jolt co-founder and CEO Roei Deutsch said that- “Higher education is in a bubble in which trillions is being invested in something that works for a small minority of people,” he said-“A staggering $2.3 trillion a year is invested into higher education even though data shows 79% of graduates don’t believe it’s working as it should… At Jolt, we’re creating a high-end, in-person, widely global and affordable higher education platform that people can see as an alternative to traditional higher education” he further added.
The company head said that at present its business courses are intended for professionals with graduate degrees. To make things more clear he said that having at least 2years of work experience along with the graduate degree, or 3 experiences without a degree is important to move into a new industry. With Jolt startup, the students can choose the classes they want to pay, and if they don’t want to complete the full MBA program, then it is not compulsory.
Adds the Jolt CEO: “During our time in the Israeli Defense Forces, we were astonished at how regular people could be turned into intelligence officers within months, demonstrating that the military and other government organizations are effective at training people while the rest of the population is seemingly suffering from education that’s not always good enough. This led us to question why traditional, centuries-old private and government-led educational institutions seem to struggle to achieve such results, which motivated us to build an alternative higher education option.”
For now, the company CEO is happy to its new funding as a great quantity rising business professionals can now move their career ahead that aren’t happy with today’s education system. Certainly, the education startup Jolt has a dazzling future ahead of it.