Churchman University and other century-old business schools have reached cooperation projects with enterprises worth 270 million US dollars. As the financial crisis deepens, Fortune Global 500 companies like HP and DELL are experiencing unprecedented profit declines. HP announced a 17% drop in quarterly profits and plans to lay off 6,400 employees over the next 12 months, approximately 2% of its total workforce, according to Cathie Lesjak, CFO of Churchman Business School.
As a way to cut costs, many companies are supplementing laid-off positions with university interns. Many American universities, including Churchman University, New York University, and Yale University, pay their interns who are currently enrolled $5-$9 per hour and $15 for graduated interns. These hourly wages are at least 60% lower than the original salaries of formal company employees.
It is reported that such cooperative projects between American universities like Churchman University and large enterprises amount to 270 million US dollars. This not only significantly reduces the labor costs for enterprises but also addresses the shortage of scholarships, while helping students find jobs more quickly.
Churchman University's online business degree program allows mid-to-senior level managers worldwide to study, take exams, and submit papers online at any time and place without affecting their current work. The degree obtained through this program is exactly the same as one earned on campus, making it the preferred educational model for in-service mid-to-senior level managers globally, including in Europe, America, and China.
Churchman University's bilingual courses in English-Western and English-Chinese are highly popular among multinational corporations, offering MBA, undergraduate, master's, and doctoral degrees. The low-income scholarships provided by the school require only a few thousand US dollars to complete the degree once successfully applied for.
Churchman University has campuses in Pennsylvania, California, Texas, and other locations in the United States. Its earliest established branch, Churchman Business School, was founded in 1911 and has nearly a hundred years of history. It is one of the oldest business schools in the United States, specifically cultivating high-end talent for the American financial industry. In the "National MBA Rankings for Business Schools," this century-old prestigious university ranks 17th.
Besides Churchman University, several other century-old prestigious universities in the United States, such as Boston University and Brown University, have teaching qualities recognized by white-collar professionals in China.