President, Chief Executive Officer & Director, Strategic Education
Search every verified Karl Mcdonnell interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a September 2016 interview, Karl McDonnell, then CEO of Strayer Education, discussed the company's acquisition of the New York Code and Design Academy (NYCDA) and its nationwide expansion. McDonnell stated that the Bureau of Labor Statistics estimated a shortage of about one million coding-related jobs by the end of the decade, and described NYCDA's programs as a way for individuals to switch careers into high-paying fields, with salaries in the $60,000 to $80,000 range. He noted that alumni had gone on to work for companies such as Facebook, Apple, and Amazon, or as independent contractors. McDonnell said Strayer was expanding NYCDA to markets including Salt Lake City, Austin, Texas, Raleigh, Washington, D.C., and Seattle. He described the curriculum as including a 10-week full-time intensive web development program and a 16-week evening program. McDonnell also remarked that the "Internet of Things economy" would create coding demands across all sectors of the U.S. economy, and that coding was a growing field among women, which he said Strayer supported.
“Currently the Bureau of Labor and statistics is estimating there'll be a shortage of about 1 million coding related jobs between now and the end of the decade and so for individuals who are looking for some sort of career change coming to an institution like the New York code and Design Academy to learn web programming...”
“We've heard great stories from alumni and people come to the New York code and Design Academy to learn either web development or mobile app development and that enables you to go work for really big companies in some cases Facebook Apple Amazon but also small companies or a lot of individuals like to work for themselve...”
“We saw this great need in the economy for more coding related boot camps and we acquired the New York code and Design Academy earlier this year and together with their management team we're now expanding Nationwide including coming to your area in Salt Lake City but also in Austin Texas and Raleigh Washington DC Seattl...”
“We'll offer our 10-week intensive web development program that's a full-time program where individuals go essentially from about 10:00 a.m. to 6:00 p.m. over the course of 10 weeks but we'll also be offering our 16 week evening program as we understand not everyone can go full-time during the day so we'll be offering b...”
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