Universal Technical Institute Uti.Edu
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University Universal Technical Institute Uti.Edu-Profiles Universal Technical Institute, Inc. is a non-profit national provider of technical education training for students seeking careers at entry level automotive, diesel, collision repair, motorcycle and marine technicians. Wikipedia
Headquarters: Scottsdale, Arizona, America
Share price: UTI (NYSE) US $ 2.75 +0.07 (+ 2.61%)
Nov 8 16.00 GMT - Disclaimer
Number of employees: 10,300
Established: 1965
Subsidiary: Roush & Yates Racing Engines, LLC, UTI Holdings, Inc.
Universal Technical Institute, Inc. (UTI) is a for-profit nationwide provider of technical education training for students seeking careers in entry level automotive, diesel, collision repair, motorcycle and marine technicians.
Through a campus-based school system, the school offers specialized technical education programs under the banner of several brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NTI).
As of June 30, 2016, UTI had more than 10,000 students
Universal Technical Institute was founded in 1965. UTI expanded its programs with additional curricula and opened new campuses, growing internally and through acquisitions. To address the needs of corporate clients, UTI started providing continuing education and training for technicians in 1980. In 1983, UTI opened a campus in Houston, Texas. In 1988 UT opened their Lisle, Illinois,campus. In 1998, it opened a campus in Rancho Cucamonga, California.[3]
According to SEC documents, UTI worked with original equipment manufacturers (OEMs) in the automotive, diesel, motorcycle and marine industries. The schools were a primary provider of manufacturer-based training programs where they provided technician training programs using the OEMs equipment and vehicles. These organizations included Audi of America; American Honda Motor Co., Inc.; BMW of North America, LLC; Ford Motor Co.; International Truck and Engine Corp.; Jaguar Cars, Inc.; Mercedes-Benz USA, LLC; Mercury Marine; Porsche Cars of North America, Inc.; Volkswagen of America, Inc.; and Volvo Cars of North America, Inc.[4]
In January 1998, UTI acquired Clinton Harley Corporation and Clinton Education Group, Inc. for $26.3 million. Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) were operating divisions of Clinton Harley Corporation.[5]
In June 1998, UTI acquired National Technology Transfer, Inc. (NTT) and Performance Training Associates (PTA) NTT provided intensive training seminars to technicians in sectors similar to the sectors that we serve. PTA organized lecture training seminars in markets similar to NTT. The acquisition of NTT and PTA was completed for approximately $50.2 million. The NTT business was discontinued at a loss of $42.9 million. At the time of its Initial Public Offering, UTI carried a debt load of $57.3 million.[6]
At its peak in 2011, UTI had more than 18,000 students. Enrollment has been declining since then.
The 2012 Harkin Commission noted that: "Compared to public colleges offering the same programs, the price of tuition is significantly higher at UTI....The same Certificate costs almost 20 times more at UTI than it does at the public college." UTI's default rate, however, was relatively low for a for-profit college, fluctuating from 12% to 16%.
Universal Technical Institute has limited access to military bases for student recruitment because its programs have not complied with federal government oversight measures.
On September 27, 2016, UTI reported that its President and CFO, Eugene Putnam, was removed as part of a financial improvement plan and that Kim McWaters replaced him as President
SCOPE OF PRIVACY POLICY
This policy applies to website visitors, current and potential students, alumni and any other user of services offered through our Sites, including any websites or mobile applications operated by or on their behalf.
This policy applies to both online and offline collection, storage, processing and transfer of Personal Information. However, certain Sites or services may be subject to additional privacy policies or privacy disclosures relating to the services provided on the Site(s) (collectively “Additional Policies“).
INFORMATION COLLECTED
We collect various types of Information through our Sites and other websites where you can express interest in our services, through our mobile applications, via email, over Live Chat, the phone and in person where print materials and digital technology may be used to collect Information from you. Some Information is collected automatically through various web and Internet technologies, including Social Networking tools used by the School to foster communication and collaboration among members of our community. Other Information is collected when you provide it in response to an advertisement, a survey or a request for information; apply for admission or financial aid; register for classes; order educational or other products and services; set up a Social Network or other Site profile; or use one of our career resources, learning assessments or other interactive tools. We may also obtain information from other sources and combine that with Information we collect about you.
INFORMATION USES
We will not sell, rent or lease your Personal Information to others except as provided in this policy. We may collect, use and disclose Personal Information for the following purposes:
To determine your admissibility and to register you for your selected educational programs
To contact you regarding your status with the School
To provide requested products and services
To respond to your inquiries and provide customer support
To administer promotions in which you have indicated an interest
For our internal marketing purposes, which include, but are not limited to, sending you material about products, services, updates, etc. that we think may be of interest to you
For fostering communication and collaboration among members of your School community through Social Networks
For sharing with our Business Associates who are performing services on our behalf
To analyze how Sites and services are being accessed and used
For investigation of information security and information asset protection-related incidents
To test, correct and improve our content, applications and services
To develop new applications, products and services
For Online Behavioral Advertising purposes
To improve student retention, Site and service performance, user experience and delivery
To prevent potentially illegal activities (including illegal downloading of copyrighted materials in accordance with our Copyright Infringement Policy)
To investigate suspicious information that denotes illegal activity such as financial aid fraud
To analyze academic and learning outcomes and preferences
For external academic research and scholarship done by Business Associates or Unrelated Entities
To obtain payment for services that we provide to you
To provide you with information concerning arrangements and other options for the repayment of funds loaned to you for your education
To maintain educational and business records for reasonable periods
To enforce our Terms of Use
To provide to Business Associates or Unrelated Entities in connection with the contemplated or actual reorganization, merger, acquisition, financing, securitization, insuring, sale or other disposal of all or part of our business or assets, including for the purposes of determining whether to proceed with such transaction or fulfilling any records or other reporting requirements to such parties. In the event of any actual reorganization, merger or acquisition, such Information may be transferred as part of the transaction to the acquirer
And/or as may be required or permitted by legal, regulatory, industry self-regulatory, insurance, audit or security requirements applicable to the School or our Business Associates.
YOUR RIGHTS AND CHOICES
MARKETING COMMUNICATIONS
If you do not wish to receive marketing email communications or direct mail communications from us, you may express your choice where indicated on the applicable email or other communication, or unsubscribe.
If you do not wish to receive text messages, reply STOP to cancel future text messages. By sending STOP, you agree to one additional confirmation message stating that you've opted out and will no longer receive text messages from Universal Technical Institute.
DO NOT TRACK (DNT) AND ONLINE BEHAVIORAL ADVERTISING
Universal Technical Institute does not itself respond to web browser-based DNT signals.
We or our Business Associates may use data collected on this Site for Online Behavioral Advertising purposes, e.g., to customize ads to you on other websites as you browse the web.
OTHER IMPORTANT INFORMATION
We will take commercially reasonable measures to secure and store your Information to protect against the loss, misuse and alteration of the Information under our control. We utilize industry-standard security measures when accepting your credit card Information during your registration or other transaction you have initiated with us.
If you become a student, your educational records are subject to the U.S. federal Family Educational Rights and Privacy Act (FERPA), state laws and your School policies. To obtain a copy of the Students' Rights to Privacy and Access to Educational Records policy, click here.
Universal Technical Institute may update this policy or revise it from time to time. If you are concerned about how your Personal Information is used or disclosed, you should contact us as described below or check back at this Site periodically to obtain a current copy of this Privacy Policy.
HOW TO CONTACT US OR ACCESS YOUR INFORMATION
If you want access to or wish to update any of your Personal Information or have any questions about our privacy practices, please Contact the campus in which you are enrolled.
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1) UTI cannot guarantee employment or salary.
2) For important information about the educational debt, earnings and completion rates of students who attended this program, visit our website at www.uti.edu/disclosures.
3) Approximately 8,600 of the 9,200 UTI graduates in 2016 were available for employment. At the time of reporting, approximately 7,400 were employed within one year of their graduation date, for a total of 86%. This rate excludes graduates not available for employment because of continuing education, military service, health, incarceration, death or international student status. The rate includes graduates who completed manufacturer-specific advanced training programs and those employed in positions that were obtained before or during their UTI education, where the primary job duties after graduation align with the educational and training objectives of the program. UTI cannot guarantee employment or salary.
4) UTI’s Automotive Technology program is 51-weeks. Core program length varies by subject. For example, Diesel & Industrial Technology is 45-weeks and Automotive/Diesel Technology is 75- weeks.
5) UTI programs prepare graduates for careers in industries using the provided training, primarily as automotive, diesel, collision repair, motorcycle and marine technicians. Some UTI graduates get jobs within their field of study in positions other than as a technician, such as: parts associate, service writer, fabricator, paint and paint prep, and shop owner/operator. UTI cannot guarantee employment or salary.
6) UTI graduates' achievements may vary. Individual circumstances and wages depend on personal credentials and economic factors. Work experience, industry certifications, the location of the employer and their compensation programs affect wages. UTI cannot guarantee employment or salary.
7) Some programs may require longer than one year to complete.
8) Does not include time required to complete a qualifying prerequisite program such as UTI’s 51-week Automotive Technology program.
9) Does not include time required to complete a qualifying prerequisite program such as UTI’s 45-week Diesel Technology program.
10) Financial aid and scholarships are available to those who qualify. Awards vary due to specific conditions, criteria and state.
11) See program details for eligibility requirements and conditions that may apply.
12) Based on data compiled from the U.S. Bureau of Labor Statistics, Employment Projections (2016-2026), www.bls.gov, viewed October 24, 2017. The projected number of annual job openings, by job classification is: Automotive Service Technicians and Mechanics, 75,900; Bus and Truck Mechanics and Diesel Engine Specialists, 28,300; Automotive Body and Related Repairers, 17,200. Job openings include openings due to growth and net replacements.
13) Based on data compiled from the U.S. Bureau of Labor Statistics, Employment Projections (2016-2026), www.bls.gov, viewed October 24, 2017.
14) Incentive programs and employee eligibility are at the discretion of the employer and available at select locations. Special conditions may apply. Talk to potential employers to learn more about the programs available in your area. UTI cannot guarantee employment or salary.
15) Manufacturer-paid advanced training programs are conducted by UTI’s Custom Training Group on behalf of manufacturers who determine acceptance criteria and conditions. These programs are not part of UTI’s accreditation.
16) Not all programs are NATEF accredited.
17) Program start dates vary by campus.
18) Based on comparison with graduates from core programs between October 1, 2007, and September 30, 2015. UTI cannot guarantee employment or salary.
19) Students who are near graduation, have no outstanding obligations to the school, and who have not previously taken part in a tool voucher program on any UTI/MMI/NASCAR Tech affiliated campus may be eligible to participate in the UTI Tool Voucher Program.
20) VA benefits may not be available at all campus locations.
21) GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website.
22) Discount does not apply at Exton, PA campus. The Avondale Campus has a Yellow Ribbon Program that a Veteran student can choose to use rather than applying the 10% discount.
23) Prior to starting or re-enrolling, Tennessee residents attending the Orlando or Houston campus must provide official high school transcripts, GED scores or state-authorized equivalent exam scores. In addition, all students attending the NASCAR Tech campus must provide official high school transcripts, GED scores or state-authorized equivalent exam scores prior to starting or re- enrolling.
24) Graduates of NASCAR Technical Institute’s Automotive Technology program and Automotive Technology with NASCAR (the NASCAR Technology program) are qualified to work as entry-level service technicians in automotive repair facilities or automotive dealer service departments. Graduates from the NASCAR program have additional opportunities to work in racing-related industries. Of the students who elected to take the NASCAR-specific elective courses and graduated during 2015, approximately 15% found employment opportunities in racing-related industries. The overall employment rate for NASCAR Technical Institute was 89% for 2015.
25) Source: Bureau of Labor Statistics 2016 wage data for Automotive Body and Related Repairers. UTI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $32,820 (Massachusetts Labor and Workforce Development Website as of May 2017). The most recent U.S. Department of Labor estimate, published May 2016, for the hourly earnings in North Carolina of the middle 50% of skilled collision technicians is $22.56. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $17.18. UTI cannot guarantee employment or salary.
26) Source: Bureau of Labor Statistics 2016 wage data for Welders, Cutters, Solderers, and Brazers. UTI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $32,820 (Massachusetts Labor and Workforce Development Website as of November 2017). The most recent U.S. Department of Labor estimate, published May 2016, for the hourly earnings in North Carolina of the middle 50% of skilled welders is $18.49. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $15.48. UTI cannot guarantee employment or salary.
27) Does not include time required to complete a qualifying prerequisite program such as UTI’s 48-week Motorcycle Technician training program.
28) Source: Bureau of Labor Statistics 2016 wage data for Automotive Service Technicians and Mechanics. UTI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $29,120 (Massachusetts Labor and Workforce Development Website as of May 2017). The most recent U.S. Department of Labor estimate, published May 2016, for the hourly earnings in North Carolina of the middle 50% of skilled automotive technicians is $18.13. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $13.05. UTI cannot guarantee employment or salary.
29) Source: Bureau of Labor Statistics 2016 wage data for Bus and Truck Mechanics and Diesel Engine Specialists. UTI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $38,930 (Massachusetts Labor and Workforce Development Website as of May 2017). The most recent U.S. Department of Labor estimate, published May 2016, for the hourly earnings in North Carolina of the middle 50% of skilled diesel technicians is $20.04. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $16.47. UTI cannot guarantee employment or salary.
30) Source: Bureau of Labor Statistics 2016 wage data for Motorcycle Mechanics. MMI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $28,290 (Massachusetts Labor and Workforce Development Website as of May 2017). The most recent U.S. Department of Labor estimate, published May 2016, for the hourly earnings in North Carolina of the middle 50% of skilled motorcycle technicians is $16.26. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $13.31. UTI/MMI cannot guarantee employment or salary.
31) Source: Bureau of Labor Statistics 2016 wage data for Motorboat Mechanics and Service Technicians. MMI graduates are prepared for entry-level positions using the provided training. Median and 90th percentile figures are provided for illustrative purposes only to show a possible career progression. Results may vary. The average entry level salary in the Commonwealth of Massachusetts is $31,870 (Massachusetts Labor and Workforce Development Website as of May 2017). The most recent U.S. Department of Labor estimate, published May 2016, for the hourly earnings in North Carolina of the middle 50% of skilled marine technicians is $16.42. The Bureau of Labor Statistics does not publish entry-level salary data, however the 25th percentile is $12.97. UTI/MMI cannot guarantee employment or salary.
32) Summer Ignite participants must satisfy standard eligibility criteria prior to acceptance into UTI.