Online Career Coach Modern Guild Completes $500k Seed Round

Ann McClure's picture
Tuesday, February 12, 2013

modern guild

NEW YORK - modern guild, the online career coach for college and college-bound students, today announced the closing of a $500,000 seed round. This follows the modern guild's successful 100-student, 10-campus pilot program in December 2012, and the closing of its first open application period, during which it received close to 4,000 applications for just 50 available slots.

modern guild addresses the fundamental disconnect between college academics and career education, one that results in students who are unprepared for life after graduation and employers who struggle to find highly engaged, perfectly suited talent for open positions. To tie together academics and careers, modern guild offers college and college-bound students intensive online career preparation courses taught by real world professionals and trained coaches in live, one-on-one settings.

“modern guild’s goal is for our students to be genuinely passionate and knowledgeable about specific careers, helping them find rewarding, enjoyable work with ideally suited employers,” said modern guild founder Adrien Fraise. “And because our curriculum is so intensive and we are so selective, the modern guild ‘stamp of approval’ will give these students a valuable edge for even the most in-demand positions.”

modern guild’s scalable digital platform and over 200 current career mentors can accommodate over 2,000 students this year. However, because the company is limiting enrollment to ensure high quality outcomes, the coming Spring Session is already oversubscribed. Students wishing to be considered for the Summer Session enrollment, which opens in late spring, are encouraged to pre-register athttp://www.modernguild.com/newsletter-signup.

Pilot Program Results

modern guild just successfully completed a pilot program, serving 100 students on 10 campuses, including the University of Michigan, University of North Carolina, Boston College, Columbia University and Davidson College. modern guild’s post-pilot survey of students and mentors and generated the following results:

• 85% of students described themselves as Very Satisfied.

• 95% of students felt more confident in their job search.

• 75% intended to participate in the next level of modern guild’s career prep courses.

• 100% of students ranked their career advisors as Excellent or Very Good.

• 100% of students ranked their meetings with industry experts as Very Effective or Effective.

“Our pilot program results clearly demonstrate that modern guild’s intensive one-on-one career coaching, led by professional coaches and industry experts, greatly increases college students’ preparedness and confidence at a time they need it the most,” added Fraise. “We are even starting to see many of our graduates land summer internships and full-time positions at top companies.”

About modern guild

modern guild - http://www.modernguild.com - is an online career mentoring program that offers college and college-bound students intensive 1-on-1 online career prep courses taught by experienced industry professionals and trained career coaches.