Chief Executive Officer & Director, Universal Technical Inst
Search every verified Jerome Grant interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Jerome Grant, CEO of Universal Technical Institute (UTI), has stated that the company is experiencing a "real trend in the skilled trades market," citing a 10% year-over-year revenue increase and a 7% rise in average full-time students. Grant has attributed this growth to a shift in sentiment, noting that "people are really thinking about the trades and thinking about Healthcare in a way they've never thought about them before." He has described a "skills gap" in the U.S., saying there are "three to four jobs on the job board for every single graduate" on the UTI side and "five to 10 jobs for every conquered graduate" in healthcare. Grant has also discussed the company's "Northstar strategy," which he said has more than doubled the company's size and tripled its profitability since its implementation in 2019. He outlined a target of reaching approximately $1.2 billion in revenue and $220 million in EBITDA by 2029, driven by plans to open "at least two campuses a year" and "six to 10 new programs a year." Grant has emphasized the company's focus on student outcomes, stating that UTI graduates 70% of its students and places 85% of them in jobs within the first year. He has contrasted this with community college graduation rates, which he said average around 30%. Grant has also addressed the impact of artificial intelligence on skilled trades, noting that diagnostic tools in fields like auto mechanics and healthcare are now "AI-enabled" and that UTI must stay on "the cutting edge" of that technology. Regarding the broader workforce, Grant has agreed with Nvidia CEO Jensen Huang's statement that the future workforce will need hundreds of thousands of electricians and plumbers, adding that Huang is "having trouble building data centers because he doesn't have enough electricians." Grant has said that UTI's "biggest competitor is a parent" and that the company is working to break down stereotypes about skilled trade careers.
“What we're seeing with the 10% raise in revenue, 7% in students, and the momentum building is a real trend in the skilled trades market.”
“We're saying we'll grow double digits for the next 5 years, primarily driven by opening between two and five campuses a year, with a target of being a company around $1.2 billion in revenue and $220 million in EBITDA by 2029.”
“Because the way you become very successful in this business is a very high quality student. We graduate 70% of our students and get 85% of them into the market or jobs in the first year.”
“If you look at a community college, their average graduation rates around 30%.”
CEO of Universal Technical Institute, Jerome Grant, displays the formula for producing high graduation rates while creatingΒ ...
CEO of Universal Technical Institute, Jerome Grant, sits down with Jim to discuss his illustrious career in higher education. JeromeΒ ...
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Skilled trades are surgingβand students are jumping in. UTI (NYSE: UTI) is turning passion into paychecks with fast, hands-onΒ ...
Jerome Grant, Universal Technical Institute CEO, joins CNBC's 'The Exchange' to discuss what's next for skilled trade programs.
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