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  September 5, 2001
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Home > Company Index > Diversified Services > Education & Training Services > Education Management Corporation

Education Management Corporation
Nasdaq: EDMC
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 PROFILE
Worried that traditional higher education could leave you enlightened but unemployed? Education Management Corporation may have an alternative for you. At the company's 18 proprietary schools across the US, students can earn certifications, associate degrees, and bachelor's degrees in fields such as culinary arts, graphic design, photography, and Web site administration. Through operating unit The Art Institutes, Education Management boasts a total student enrollment of more than 24,500. The firm is also buying Argosy Education, which runs about 17 schools that focus primarily on psychology education. The company generates about 90% of its sales from student tuition and fees, which average about $11,700 per year for each full-time student. Chairman and CEO Robert Knutson and his wife own 12% of the company.

 COMPETITION
Apollo Group, Inc. (APOL)
DeVry Inc. (DV)
ITT Educational Services, Inc. (ESI)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 307.20
1-Yr. Sales Growth: 17.8%
Employees: 3,222
Revenue per employee: $95,344.51

 KEY PEOPLE
• Robert B. Knutson
    CEO
• Robert T. McDowell
    CFO

 CONTACT INFO
300 6th Ave.
Pittsburgh, PA 15222
US
Phone: 412-562-0900
Fax: 412-562-0598
Online: Web Site

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