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Company Description

Contact Info

231 North Martingale Road

Schaumburg, IL 60173

United States

Phone: 847-781-3600


Career Education Corporation provides education to a student population in various disciplines through online, campus-based and hybrid learning programs. The company’s two universities – American InterContinental University (AIU) and Colorado Technical University (CTU) – provide degree programs through the master’s or doctoral level, as well as associate and bachelor’s levels. Both universities primarily serve students online with career-focused degree programs that are designed to meet the educational demands of busy adults. AIU and CTU continue to show innovation in higher education, advancing new personalized learning technologies like their intellipath adaptive learning platform that allow students to pursue earning a degree by receiving course credit for knowledge they could already demonstrate. Segments University Group CTU places a major focus on providing industry-relevant degree programs to meet the needs of the company’s students for employment and of employers for a well-educated workforce and offers academic programs in the career-oriented disciplines of business studies, information systems and technologies, criminal justice, computer science and engineering, and health sciences. Students pursue their degrees through fully-online programs through CTU Online, local campuses and blended formats, which combine campus-based and online education. AIU focuses on helping busy professionals get the degree they need to move forward in their career as efficiently as possible and offers academic programs in the career-oriented disciplines of business studies, information technologies, criminal justice and design technologies. Students pursue their degrees through fully-online programs through AIU Online, local campuses and blended formats, which combine campus-based and online education. Career Schools Group Culinary Arts includes the company’s Le Cordon Bleu institutions in North America (LCB), which offer hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking in the commercial-grade kitchens of Le Cordon Bleu. LCB also provides online programs in culinary arts and hotel and restaurant management. These campuses are expected to complete their teach-out activities primarily during 2017. Transitional Group includes the company’s non-LCB campuses, which are in teach-out or those which have been closed or sold subsequent to January 1, 2015. The company’s Transitional Group offers academic programs primarily in the career-oriented discipline of health education complemented by certain programs in business studies and information technology, as well as fashion design, film and video production, graphic design, interior design and visual communications. Student Enrollment The company’s total student enrollment was approximately 43,200 students as of December 31, 2015. Included in total student enrollment were approximately 31,900 students for the company’s University institutions, with approximately 29,200 students enrolled in the company’s University Group fully-online academic programs. Dispositions During 2015, the company completed the sale of two colleges, Brooks Institute and Missouri College, and completed the teach-out of five campuses within the company’s Transitional Group. Strategy The company’s strategic plan is aimed at addressing near-term demands for higher education with a career focus, while continuing to build the capabilities necessary to deliver sustainable long-term growth for its organization and its institutions. Seasonality The company typically experiences its lowest revenue levels during its third fiscal quarter (year ended December 2015) as a result of those students who do follow a typical institution calendar and take summer breaks. While operating costs for the company’s institutions generally do not fluctuate significantly on a quarterly basis, the company does traditionally increase its advertising investments during the first and third fiscal quarters in relation to the back to school seasons. Competition The company’s primary public company competitors in the for-profit postsecondary education industry are Apollo Education Group, Inc.; Bridgepoint Education, Inc.; Capella Education Company; DeVry Education Group Inc.; Grand Canyon Education, Inc.; ITT Educational Services, Inc.; Kaplan, Inc. (a division of the Graham Holdings Company); and Strayer Education, Inc. History Career Education Corporation was founded in 1994. The company was incorporated in Delaware in 1994.


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Price/Earnings 5.7x
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow 4.4x
TEV/Sales 0.4x

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