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College Is No Longer The Path To Success: New Study Shows That College And High School Graduates Earn About The Same

An alarming—yet illuminating—new study conducted by Third Way, a Washington, D.C.-based think tank, concludes that college graduates only earn the equivalent salary of high graduates. Contrary to popular opinion, which contends that the path to success is rooted in attaining a college education, the frightening findings indicate that half of U.S. colleges in 2018 churned out a majority of graduates that earned under $28,000 a year.

In past generations, primarily the upper-class, wealthy elites attended universities. After World War II and the passing of the G.I. bill, soldiers returning from the battlefields were offered financial assistance to attend college—and they did so in large numbers. Slowly over time, in the ensuing decades, enrolling into college became almost commonplace for the average American. Today, there is great pressure put upon high school students to attend universities—even if they lack the aptitude or interest. Sometimes the pressure exerted on kids to attend top-tier institutions is intense. This was clearly exemplified by the recent college admittance scandal, in which the rich and famous parents allegedly bribed school officials to get their children into ivy league and top-tier universities.

Along with the general acceptance of college for everyone, the tuition has grown beyond belief. We are now making 17 and 18-year-old kids take on loans in the neighborhood of up to—and in excess of—$200,000. These same young adults are prohibited from voting, smoking and other things, which require you to be considered an adult and mature enough to render an important decision. How many adults do you know of that you’d feel comfortable loaning $200,000 to and feeling confident that they’ll use it wisely? Would you allow the recipient of the loan to stay up late on weeknights attending parties, drinking and smoking pot? Would you permit the person to invest the funds in a venture that was fun, interesting or about a social cause, but lacked any ability to earn a profit or become a sustainable business? Of course not! However, this is the very thing we are doing to our children.

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Once in college, there is a proliferation of courses and majors in subject matters that may be interesting, but don’t lend themselves to a real job—paying a reasonable living with the opportunity to advance. These kids graduate with a degree that is not marketable. On top of that, they are saddled with an enormous student debt that may be impossible to ever pay back.

Data from the federal government indicates that many students will leave their academic careers with employment opportunities and compensation that fall far short of what they were led to believe would happen. To compound the problem, when the new graduates realize the slim prospects of opportunities available, they’re encouraged to pursue even more expensive education by signing up for graduate school or a law degree. Then, on top of their already-big burden of loans, they’ll pile up even more potentially ruinous debt.

The study states what should be obvious to most rational people—it’s imperative that prospective students—and their parents—only consider institutions that serve them well by being able to make a living. College rankings are important. It’s great to live at a school with a beautiful campus. Parents love to brag about the name of the school that their children attend. We need to filter out the unessential trappings and look for rankings that focus on the factors that truly benefit students, such as how likely they are to pay back their loans and whether or not they can get a well-paying job with their major—not on things like prestige and exclusivity.

Working as a tradesperson or in a blue-collar type of job was once seen as acceptable and a means toward becoming middle class. Somewhere along the way, as a culture, we started to look down upon those who chose to be a carpenter, electrician, plumber or related function. This further placed pressure on parents to guide their children away from these roles and toward going to college, even if they weren’t emotionally or mentally ready—or even interested. The irony is that blue-collar workers earn a handsome living. Think of how hard it is to get a person to do some work on your home. Many times, a tradesperson starts out as a heating, air conditioning and HVAC apprentice and, 10 years later, he has a thriving business, managing a fleet of trucks and servicing a substantial clientele that pays handsomely for their services.

The study is a wake-up call to take a cold, hard look at what we are doing to our children. According to the data from the study, we are misleading them with false hopes and resigning them to low-paying jobs and a not-so-bright future.

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I am a CEO, founder, and executive recruiter at one of the oldest and largest global search firms in my area of expertise, and have personally placed thousands of professionals with top-tier companies over the last 20-plus years. I am passionate about advocating for job seekers. In doing so, I have founded a start-up company, WeCruitr, where our mission is to make the job search more humane and enjoyable. As a proponent of career growth, I am excited to share my insider interviewing tips and career advancement secrets with you in an honest, straightforward, no-nonsense and entertaining manner. My career advice will cover everything you need to know, including helping you decide if you really should seek out a new opportunity, whether you are leaving for the wrong reasons, proven successful interviewing techniques, negotiating a salary and accepting an offer and a real-world understanding of how the hiring process actually works. My articles come from an experienced recruiter’s insider perspective.

Source: College Is No Longer The Path To Success: New Study Shows That College And High School Graduates Earn About The Same

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Get Your Free Elon Musk Book with Amazon Audible 30-day Trial: https://amzn.to/2VaMsGs Here are some successful people explaining why a college degree is useless and worthless in some occasions. Not everyone needs to go to college to be successful because there are more than just one path to success. Many entrepreneurs find that college is not very beneficial when it comes to teaching people how to build a business. The education system is built mostly to teach people how to be workers and not build businesses. With this said, everyone’s situation is different and people need to consider what is beneficial for them. Music Credit: The Bright Morning Star By Borrtex All credit goes to respective owners. Only for educational purposes.

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To Combat Huge Dropout Rates, Colleges Find New Ways To Spot At-Risk Students

At most universities, academic advisors historically wouldn’t know a student is in trouble until that first failing grade hit. But even before that, there are often warning signs. A student never swipes her ID card at the library or dining hall. Another doesn’t use the bus service or attend any events on campus. The lack of even small interactions like these indicates a disconnect from the campus. And without that connection, colleges won’t retain those students.

“Once the student has failed a core course or stopped going to class, it’s too late,” says Nicole Engelbert, vice president of Oracle Higher Education Development. “There’s not much that you can do, or the things that you can do are incredibly resource-intensive with very low success rates. Once you’ve lost that student, bringing them back in is really hard to do.”

The US has the highest college dropout rate in the industrial world right now, the Organization for Economic Cooperation and Development reports. According to the National Student Clearinghouse, only about half of the 2 million students who started college this past fall will leave college with a diploma. And yet, it’s never been more important for young people to attend college or obtain some kind of post-secondary certification, as the earnings gap between high school graduates and college graduates continues to grow, according to census data analyzed by the College Board.

In the 2018-2019 academic year, colleges have had more freshmen having more difficult times than students in previous years, and academic probation, suspension, or withdrawal from schools seems to be increasing, according to Vicki Tambellini, president and CEO of the Tambellini Group, a market research and advisory firm for higher education.

The changing student demographic is one reason experts cite for low student retention rates. Colleges are seeing more first-generation college students, more students for whom English is a second language, and more students who are living in poverty—people who might not have gone to college at all a generation or two ago. These new types of students are potentially less prepared for college, often coming from K-12 systems with fewer financial resources.

Growth in the number of traditional students—those who graduate from high school and go directly to a four-year college—is slowing and is expected to slow into the foreseeable future. “That is challenging institutions to rethink or transform how they support students and changing how institutions deliver those services,” says Engelbert.

To address the evolving needs of students, faculty and staff need new tools and processes that facilitate a better student experience across the entire student lifecycle. Here are four ways colleges are changing the lesson plan to support their students.

1. Communicate with students the way they communicate with each other.

Students are used to texting. They’re used to getting everything they need on their mobile device. “They’re not used to logging into email every day or going to different portals on a campus website to find the information that they need,” says Tambellini. “When they get to most college campuses today, that’s what they have to do in order to find the information that they need to succeed.” New student systems, including Oracle Student Cloud, are being used to support highly personalized, multichannel communications that deliver the right message to the right person at the right time.

2. Provide proactive support.

Using a single, centralized system, universities can “nudge” students with chatbots to make sure that they’ve bought their books, filed financial aid forms, or registered for next year’s housing. Administrators can use these interactive digital counselors to organize and manage interactions across multiple departments, channels, and devices and to ensure that students are aware of things such as office hours, dining services, and the availability of emergency grants if something happens financially that impacts their attendance.

A powerful aspect of chatbots is that they “scale” and ensure a consistent level of support. Colleges don’t need to hire an army of advisors or worry about whether students are receiving consistent, accurate information and benefiting from the most effective interventions. Chatbots can take care of routine reminders, freeing advisors to address more unusual or complex situations.

3. Use AI to help students choose the right path.

Colleges are also looking at how courses are structured and delivered, and they are employing AI to help students navigate the registration process. There might be 1,000 classes from which students could choose, and according to Engelbert, a common reason why students don’t graduate or graduate later than they should, is because they take the wrong classes in order to fulfill their degree requirements. “A next-generation student system will narrow the field of vision for the student—recommending what courses to take, in what order, to expedite graduation,” says Engelbert. “They may even preregister the student to ensure they get the classes they need.”

4. Use the cloud to better identify risk indicators.

One of the most powerful benefits of cloud applications is that administrators can get to data and identify early indicators faster, and do something about them in real time. Along with focusing on individual student behaviors, the data collected in a cloud-based system allows a university to view patterns and identify behaviors.

“If the school knows that the most successful students on that campus typically eat breakfast three days a week, lunch one day a week, participate in X number of extracurricular activities or clubs, and go to at least one freshman event in the fall, they can track the students that fall outside of those norms and provide those students with more advisor outreach,” says Tambellini.

It’s becoming increasingly clear that the institutions that will successfully navigate this period of profound change in higher education are reimagining the work of the institution and investing in the tools that will support that mission. Engelbert makes the case that such change requires new technology that frees administrators to focus on people, process, and cultural change. “We’re seeing the green shoots of the more substantive adoption of cloud technologies and solutions,” she says. For successful schools, this will transform how institutions approach services from residential life, financial aid, and academic support, all the way through career services and beyond.

Margaret Lindquist is senior director of content for Oracle brand marketing.

Source: To Combat Huge Dropout Rates, Colleges Find New Ways To Spot At-Risk Students

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Alexandra Bernadotte founded Beyond 12 to help prepare low-income and first-generation students for a successful postsecondary education.

We Can Stop Kids From Cheating in School By Eliminating the Need

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As a high school teacher, I’ve seen a lot of cheating. So much, that I’ve concluded most adults don’t realize how many kids, even otherwise good and honest kids, cheat in school.

If you think of cheating as simply acting unfairly or dishonestly to gain an academic advantage, many people reading this column might remember their own experiences cheating. Whether you actively sought to cheat, or the opportunity simply landed in front of you, many of us can recall at least one occurrence with vivid detail. Your heart raced, your palms sweated, and you felt that undeniable sinking in the pit of your stomach, all due to the fear of getting caught. Yet you still did it.

But why? Why continue the act even when the body sends all the signals identical to a near-death fight-or-flight response? For some, it may be for the sheer thrill. But I argue most people who are tempted to cheat choose the better of two evils, both connected to failure.

Today, more so than when you and I were teens, the pressure to excel is unbearable. From the parents who demand it and the peers competing for it, the colleges that require it and the “influencers” who embody it, the pressure to be perfect has become the driving force for many students. And when the need to maintain perfection trumps the actual learning that occurs, you’ll begin to override your body’s natural warnings.

Our kids cheat because they fear the consequences of failing. So many are raised in a bubble, completely protected from failure. Any time it may have approached, those around them, who love them very much, happily deflected that failure for them. So a disproportionate number of adolescents truly feel they are geniuses, that they can do no wrong.

Unfortunately, an educator’s job is to confront his or her students with challenging obstacles to overcome, and they won’t deflect that failure. This forces our inexperienced youth into a corner, and many react by ensuring their success by any means necessary.

I’m one of these educators, and I absolutely challenge my kids, but I made a decision a few years back that completely changed the culture of my classroom: I eliminated the need to cheat.

I made the decision that the goal of my science class was to learn and appreciate science. From that day, I recognized that to pull these anxious kids from the corner they’ve been trapped in, I had to entice them back to the center. I had to establish an environment that eliminated the fear of failing, and I did it with a few very basic but powerful methods.

First, I eliminated due dates within a unit and moved to a mastery grading model. There are many varieties of this, but in my model, the kids receive a list for the unit describing the tasks to be mastered by test day. For every activity, the kids were encouraged to copy from each other and work together, but their grades came from 30-second conversations I had with each student, when I’d ask a variety of questions to gauge their mastery on the topic. Completing an assignment meant nothing if it couldn’t be verbalized, so the kids quickly learned that copying without understanding was a waste of time in my class.

Then, I encouraged cheat sheets. I let students write or draw anything they’d like on the front and back of a 3-by-5 notecard. The card had to be hand-written and turned in with the test. Many teachers may argue that doing so would invalidate their tests, to which I say, if your kids can write the answers to your tests on a notecard, you write bad tests.

We’ve worked hard to build high-level questions that require students to expand beyond the basic content from a notecard, and the sheer process of internalizing and paraphrasing an entire unit into such a small space encourages that level of critical thinking for our kids; moving beyond comprehension and into application. Plus, I save their notecards and return them before semester and state exams, providing the most personalized, hand-written summative reviews they could ever create.

Finally, after taking the test once on their own, I let them take it again, this time in groups. After grading the exams, I assign them in homogeneous groups; As in one group, Bs in another, etc., but I don’t tell students their scores. Then, I hand them back their original exams to take again. They don’t know which questions are correct, so the intellectual debates that happen over each question are incredible. When they resubmit, the group score is averaged with a student’s individual score.

Of course, there are those who say we need to teach our kids responsibility, to prepare them for the real world by not allowing late work, cheat sheets or group corrections. But it’s these classrooms where cheating is rampant, and it’s specifically because no recovery is possible.

As for tests, consider what every major exam over the course of someone’s professional career has in common: SAT, ACT, CPA exams, MCAT, LSAT, teaching certifications. You can take all of these multiple times for full credit. So where did this fallacy begin that somehow my biology exam is more pertinent to their lives and future success?

In a world that’s constantly demanding risk-taking and creativity, we cannot continue to produce robots of compliance and task completion. As a young gymnast develops her technique, she rehearses in an environment developed to safely take risks, with balance beams low to the ground and foam pits into which she can fall.

So, too should be the goal of every classroom. When kids see that failure is recoverable, the demand to succeed the first time, by any means necessary, is eliminated, and they finally have the freedom to take a leap.

By: Ramy Mahmoud

Ramy Mahmoud is a lecturer at the University of Texas at Dallas Teacher Development Center, a high school science department head in Plano and a two-time TEDx speaker. He wrote this column for The Dallas Morning News.

Source: https://www.dallasnews.com/

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It’s Official: The MBA Degree Is In Crisis

Graduating MBA students this year have had no trouble landing very good jobs. In most cases, starting pay has hit record levels and placement rates for schools are at or near records as well.

Yet, for the second consecutive year, even the highest ranked business schools in the U.S. are beginning to report significant declines in MBA applications and the worse is yet to come, with many MBA programs experiencing double-digit declines. Last year, the top ten business schools combined saw a drop of about 3,400 MBA applicants, a 5.9% falloff to 53,907 candidates versus 57,311 a year earlier (see Acceptance Rates At The Top 50 Business Schools). The University of Michigan Ross School of Business experienced the worst drop, an 8.5% decline from 3,485 to 3,188 apps. Harvard fell 4.5%, UC-Berkeley Haas 7.5%, Wharton 6.7%, Stanford 4.6%, and Booth 8.2%.

“For the second consecutive year, the top ten schools all saw significant declines in applications,” says William Boulding, dean of Duke University’s Fuqua School of Business. “I have been hearing that some schools in the top ten are in double-digit territory so I think it is going to be worse than last year when all is said and done.”

The University of Pennsylvania’s Wharton School just announced that applicants for its fall 2019 intake numbered 5,905, down 5.4% from 2018 and 11.8% from the school’s all-time high of 6,692 in 2017. It was the first time in at least eight years that apps dipped below 6,000 at Wharton, and it corresponded with the lowest international student intake — 30% — in at least that span.

NYU’s Stern School of Business applications for its latest incoming class declined by more than 5% to 3,518 from 3,718 the prior year (see Average GMATs Up Five Points At Stern). Along with the previous year’s 3.7% drop in apps, the fall pushed the school’s acceptance rate to 26%, a three percentage point increase from 23% a year earlier. It also had an impact on the school’s entering class size of 359, down slightly from the 370 enrolled the previous year.

“The MBA market is in dire straits right now,” concedes Andrew Ainslie, dean of Rochester University’s Simon School of Business. “The joke among deans is that ‘flat is the new up.’ If we can just hold our numbers, that is an incredible achievement.” Ainslie says that when he meets with fellow deans, “half of our discussion is, ‘What are you doing about your MBA program?'”

Ainslie recently participated in an accreditation review at a leading business school and was shocked to find that its full-time MBA program now gets only three applicants for every enrolled student. “Most of us feel we need to make three offers to get one student” says Ainslie. “So once you get there that means you are making offers to just about everyone. And this is at a school that is an internationally known brand.”

Ainslie predicts that 10% to 20% of the top 100 MBA programs in the U.S. will likely close in the next few years, with even greater fallout among second- and third-tier schools. Just three months ago, University of Illinois’ Gies College of Business became the latest school to announce that it is getting out of the full-time, on-campus MBA market.

Simon saw its application volume remain stable this past year, largely because last year it become the first U.S. business school to gain full STEM designation for its full-time MBA program.  The change allows international students to apply for an additional 24 months optional practical training (OPT), which helps to bridge the gap between a student visa and a work visa. “We thought we would be in an incredible position with STEM. Given the news I’m hearing from everyone else, I am very happy being flat,” sighs Ainslie.

Deans attribute the decline to a confluence of factors that include a strong U.S. economy, which is keeping more people in their jobs, as well as uncertainly over work visas by international students who also have been scared off of coming to the U.S. due to anti-immigration rhetoric. Also playing a role is the rising cost of the degree and cannibalization of the full-time MBA market by the success of undergraduate business degrees, online MBA programs, and specialized master’s programs in such business disciplines as finance, accounting, analytics, marketing, and supply chain management.

MBA application volume, of course, goes up and down in different economic cycles. Typically, recessions bring a rebound as career opportunities diminish and more professionals seek to ride out a downturn in graduate school. In fact, says Ainslie, he hears fellow deans also joke that ‘All we need is a nice little recession.’ We are about the only people in the world who like a recession,” he says. “We think it will still be good enough for us.”

But when the next recession comes, he expects only a temporary and more mild bounce back in applications than history would suggest. Ted Snyder, who just left the deanship of Yale University’s School of Management, agrees with him, citing the high cost of the MBA degree as a reason why a recession won’t lead to double-digit jumps in application volume.

“Having followed along with annual increases in tuition rates at two percent above inflation for more than 25 years,” adds Snyder, “many schools have found themselves in a tuition trap in which they cannot find a market for their programs. I think the number one thing (holding back a rebound) is the high price so I don’t see how a recession is going to have a great effect. Schools have to stop raising the price.”

It’s not all bad news, of course. “The positive side of the news is that this is causing us to do some really interesting new product development,” adds Ainslie. “The online market is really maturing and there are some excellent offerings out there. Master’s programs in business are slowly moving from a product solely for international students to domestic students. We are seeing the demise of the MBA but we are still getting a lot of students in different degree programs.”

Follow me on Twitter or LinkedIn. Check out my website.

I’m the editor-in-chief of Poets and Quants, the most read and most popular provider of information on business programs in the world. Our main website, PoetsandQuants.com, has been visited by nearly 100 million people and is updated daily with a wealth of admission and career statistics, school profiles, breaking news and long-form features on programs, students, faculty and alumni. Earlier in my career, I was editor-in-chief of Fast Company and executive editor of Business Week.

Source: It’s Official: The MBA Degree Is In Crisis

#Sunstone #Eduversity is an academic institution that aims at creating industry ready professionals with our unique pedagogy and technology enabled education delivery. We partner with existing colleges who have a well-equipped infrastructure to run and manage an AICTE approved, PGDM program by leveraging the use of modern – day technology and thus ensuring that the students are provided with the highest level of education quality across all our campuses. All our students are imparted with the desired skill sets that are in sync with the corporate environment and given practical training on various corporate domains that exist in an organization

Top 18 Virtual Reality Apps That Are Changing How Kids Learn

Technology progress influences the way kids learn, and it’s constantly changing. Internet, smartphones, and apps have connected people globally without caring about the distance. Within seconds you can communicate with anybody anywhere. Virtual reality has taken it a step further. Now it’s possible to visit these faraway places or go back in time without moving an inch. Technology, like virtual reality apps, has brought the real world into the classroom and once again, changing how kids learn…….

Source: Top 18 Virtual Reality Apps That Are Changing How Kids Learn

MIT Awards $1 Million To Most Innovative Future Of Work Organizations In The World – Devin Cook

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The MIT Initiative on the Digital Economy has announced the four global grand prize winners for the 2018 MIT Inclusive Innovation Challenge (IIC). The winning organizations were selected by the IIC Champion Committee from 20 Regional Winners in Latin America, Asia, Africa, Europe, and North America. All were vetted after a year-long search for the most innovative, impactful, and scalable future of work solutions on the planet. from more than 1,500 global registrants by in-region experts and chosen by Selection Panels at regional celebrations this summer…………

Read more: https://www.forbes.com/sites/gradsoflife/2018/11/15/mit-awards-1-million-to-most-innovative-future-of-work-organizations-in-the-world/#4847d4c2668a

 

 

 

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How Business Can Make An Exponential Difference In The Lives Of Students – Lisa Dughi

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We know how much of a difference one person can make in another’s life. But what if your goals are loftier than reaching just one person? What if you want to make a difference in the lives of a hundred, a thousand, or more? There are millions of young people across this country that need access to opportunity so that they can have successful futures after high school. What if you could play a pivotal role in providing that access? That’s the challenge NAF is working to solve. With over 100,000 students enrolled in NAF academies in underserved high schools across the country, reaching these students wouldn’t be possible without our business partners…………..

Read more: https://www.forbes.com/sites/gradsoflife/2018/11/13/how-business-can-make-an-exponential-difference-in-the-lives-of-students/#33d522411227

 

 

 

 

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Why Singapore Is So Good At English – Isabella Steger

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Singapore keeps getting better at English. The city-state made the top three of an annual ranking in English proficiency conducted by English education company EF Education First (EF), the highest-ever ranking for an Asian nation. Though Singapore has for years ranked near the top of the list, this year, it leapfrogged Norway and Denmark to place behind Sweden and the Netherlands. Minh Tran, the Hong Kong-based co-author of the report who frequently consults on English education for foreign companies……..

Read more: https://qz.com/1441113/why-singapore-is-so-good-at-english/

 

 

 

 

 

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AI Innovators: This Researcher Uses Deep Learning To Prevent Future Natural Disasters – Lisa Lahde

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Meet Damian Borth, chair in the Artificial Intelligence & Machine Learning department at the University of St. Gallen (HSG) in Switzerland, and past director of the Deep Learning Competence Center at the German Research Center for Artificial Intelligence (DFKI). He is also a founding co-director of Sociovestix Labs, a social enterprise in the area of financial data science. Damian’s background is in research where he focuses on large-­scale multimedia opinion mining applying machine learning and in particular deep learning to mine insights (trends, sentiment) from online media streams. Damian talks about his realization in deep learning and shares why integrating his work with deep learning is an important part to help prevent future natural disasters……..

Read more: https://www.forbes.com/sites/nvidia/2018/09/19/ai-innovators-this-researcher-uses-deep-learning-to-prevent-future-natural-disasters/#be6f7b16cd16

 

 

 

 

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This Company Could Be Your Next Teacher: Coursera Plots A Massive Future For Online Education – Susan Adams

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Sitting in a fluorescently lit conference room dressed in a pressed gray work shirt, jeans and gray suede sneakers, Jeff Maggioncalda, the tightly wound 49-year-old CEO of Coursera, doesn’t touch his plate of plain spaghetti, edamame and artichoke hearts from the company cafeteria. By the end of our hour-and-a-half lunch meeting, he is still talking nonstop…….

Read more: https://www.forbes.com/sites/susanadams/2018/10/16/this-company-could-be-your-next-teacher-coursera-plots-a-massive-future-for-online-education/

 

 

 

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