It seems like the campuses are practically running on fumes.
From what I understand, studio isn't going to be as involved with campus operations as we expected. Management (what's left ot it) has been tight lipped when it comes to any plans on keeping the campuses open. Does anyone have any info or insight on what's going on?
(Yes, I know that the schools will likely close and I'm planning my exit but for the time being, I'd like to know what to expect)
They won't survive. They will fail because they are still being run by the same numbers-driven, unempathetic air heads that ruined the other ones.
Mana Contemporary and Studio Enterprise building new campus for Miami Art Institute.
https://therealdeal.com/miami/2019/03/25/were-losing-money-every-day-moishe-mana-urges-patience-on-downtown-miami-plans/
https://www.prnewswire.com/news-releases/miami-international-university-of-art--design-transforms-as-concept-campus-and-national-arts-community-for-students-300798420.html
Given what’s happened I would be afraid about what “management doesn’t know”. And isn’t Studio supposed to make money by providing those exact services to these campuses? Just wondering..
Who will meet their obligations per court order and present them to the court convincingly later next month? If it's Studio, the remaining open campus have no reason to close if expenses incurred have not exceeded what investors have estimated,
Studio has already completed some external restructuring. That includes an employee portal. Payroll, Benefits, Taxes ETC. The intention of Studio is not to be heavily involved as on campus management. On campus management is new to this new structure too. It may be that management seems tight lipped because they just don't know yet.
This company will not survive. The phone reps make 60k to 80k annually... Not to mention the tuition is very unaffordable and the type of students that apply to these schools, ai specifically, are students who have went to multiple schools and have dropped out with little to no FA.. Lets not even talk about those fa reps.. Specifically ai dallas.. They are horrible
I mean the campuses that are still open...