Updated: Tuesday, November 10th, 2009

Jack Welch and Chancellor University have announced courses at a new online business school will be available beginning in January, the Wall Street Journal reports.

The former CEO of General Electric invested $2 million in the college to create a fully online MBA program called the Jack Welch Institute of Management, which will target working adults, entrepreneurs and veterans.

Using his vast experience and a long list of industry contacts, Welch currently spends three to four hours per day developing curriculum, working with software and recruiting faculty members.

Welch recently named Steve Kerr, former head of General Electric's Leadership Development Center, the program's executive director.

Kerr told the newspaper the program design will ensure "classes will be small, students and faculty will get input from [Welch], and the curriculum will be current and relevant to today's news."

Coursework will integrate foundational business teachings with classes in ethics, communication, human resources, entrepreneurship and career management, according to the program's website.

Associates and bachelors programs in business may prepare students and working professionals to enter similar comprehensive MBA programs that could accelerate their careers.

PayScale.com, a research company, says that average salaries for holders of MBA degrees ranged from $73,510 to $171,583 in 2008, depending on the field, position and years of experience.

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