Profile: ITT Educational Services Inc (ESI.N)

ESI.N on New York Stock Exchange

27 Nov 2015
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ITT Educational Services, Inc., incorporated on June 27, 1946, is a provider of postsecondary degree programs in the United States. As of December 31, 2014, the Company offered master, bachelor and associate degree programs to around 53,000 students and short-term information technology and business learning solutions for career advancers and other professionals.

The Company had 144 college locations in 39 states, as of December 31, 2014. The Company also offers one or more of its online programs to students who are located in all 50 states. The Company designs its education programs, after consultation with employers and other constituents, to allow graduates prepare for careers in different fields involving their areas of study. The Company provides career-oriented education programs under the ITT Technical Institute name and the Daniel Webster College name. As of December 31, 2014, the ITT Technical Institutes offered 51 education programs in various fields of study across the following schools of study: business, drafting and design, electronics technology, criminal justice, information technology (IT), and Breckinridge School of nursing and health sciences.

The Company generally organizes the academic schedule for education programs of study on the basis of four 12-week academic quarters in a calendar year, with new students beginning at the start of each academic quarter. At these education programs, students taking a full-time course load can complete the Company's associate degree programs in seven or eight academic quarters, bachelor degree programs in 14 or 15 academic quarters and a master degree program in seven academic quarters. The Company offer classes in residence education programs in: 3.5- to 5.5-hour sessions three days a week, Monday through Saturday, with all program courses taught entirely or partially in residence, or sessions that are scheduled two to three days a week, Monday through Saturday, with certain program courses taught entirely or partially online over the Internet. Depending on student enrollment, class sessions at the Company's ITT Technical Institute campuses are generally available during the day and evening. The courses for education programs that are taught online over the Internet are delivered through an asynchronous learning network and have a prescribed schedule for completion of the coursework. At the majority of the Company's ITT Technical Institute campuses, the class schedule for its education program residence courses and the coursework completion schedule for its education program online courses generally provide students with the flexibility to maintain employment concurrently with their studies. A portion of the education programs offered at the Company's campuses involves practical study in a lab environment.

The Company's education programs also include general education courses in the humanities, composition, mathematics, the sciences and the social sciences. Each of the Company's ITT Technical Institutes establishes an advisory committee for each field of study for education programs taught at that campus, which consists of representatives of local employers and other constituents. These advisory committees assist the ITT Technical Institutes in assessing curricula, equipment and laboratory design, and updating the curricula. As of December 31, 2014, the Company's Center for Professional Development (CPD) offered 2,690 training programs in the following areas: IT, information technology infrastructure library, leadership development, professional development, development, business software application, business analysis, process and productivity, project management, and graphic design and media. The length of these programs ranges from four hours to 40 hours. These programs are taught primarily through instructor-led sessions delivered in person and virtually.

Company Address

ITT Educational Services Inc

13000 N Meridian St
CARMEL   IN   46032-1404
P: +1317.7069200
F: +1302.6555049

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