Thunderbird Plans Partnership With Laureate Education to Expand Global Presence

Tuesday, March 19, 2013

GLENDALE, Ariz.--(BUSINESS WIRE)--Thunderbird School of Global Management announced today a plan to partner with Laureate Education, Inc., to expand its presence around the world, reaffirming its position as the world’s top institution for international business education.

“Thunderbird’s mission to educate global leaders who create sustainable prosperity worldwide is perfectly aligned with our position as the leading international network of universities encouraging learning without borders” Thunderbird and Laureate will create a jointly owned entity through which Thunderbird will open multiple international instructional sites/campuses, expand its on-line and executive education programs and offer undergraduate degree programs.

The partnership, which is expected to be finalized by June, preserves Thunderbird’s independence and continued operation as a private not-for-profit (501(c)3) educational institution, provides capital support to Thunderbird and increases student enrollment at Thunderbird’s Glendale, Arizona, campus. All new programs will be reviewed and are subject to approval by Thunderbird and its accreditors and other relevant authorities. Thunderbird’s Board of Trustees will maintain its autonomy and control of its curriculum, faculty, admission standards and all other aspects of academic affairs.

Thunderbird, ranked the No. 1 school of international business by U.S. News & World Report and Bloomberg Businessweek, will enhance its programs internationally through Laureate Education’s extensive network of campuses, spanning 29 countries. Cities under consideration for Thunderbird instructional sites include Madrid, Spain; Paris, France; Santiago, Chile; and Sao Paulo, Brazil. This will enable Thunderbird to amplify significantly its delivery of world-renowned graduate and international management degrees, and executive education. Laureate’s network includes more than 65 accredited campus-based and online universities throughout North America, Latin America, Europe, Asia, North Africa and the Middle East.

“We conducted a thorough review of strategic options that would strengthen Thunderbird for the future,” said Ann Iverson, Thunderbird’s Board of Trustees Chairwoman. “We determined this planned partnership delivers the most value for our students, and the best outcome for our alumni, faculty and staff. Laureate is a proven and trusted leader in higher education. Working together, we will expand our global operations and impact.”

“Thunderbird becomes even more global with plans for the increased international access and resources of our new partner. This partnership opens important new doors for global companies employing our graduates. We will be working in close consultation with our accreditors to ensure that all of the elements of this exciting partnership are executed to meet accreditation standards,” said Dr. Larry Edward Penley, Thunderbird’s president.

“Thunderbird’s mission to educate global leaders who create sustainable prosperity worldwide is perfectly aligned with our position as the leading international network of universities encouraging learning without borders,” said Douglas L. Becker, Chairman and CEO of Laureate Education, Inc. “We are honored that Thunderbird’s Board of Trustees selected Laureate and look forward to lending our support and proven expertise to enhance the offerings and reach of this outstanding institution.”

Learn more at Thunderbird.edu