IBMC claims to be a "family" and the mission is "Caring Individuals...Changing Lives", however the only part that is true is there is a lot of family and nepotism in the company. People are given positions and removed from positions very quickly with little regard to experience or qualifications. There is an incredibly high turnover rate! The leadership cares more about the bottom line, enrolling students and the profit gained, than the future of the students or taking care of the employees. This is evident by the practices in place at the Colorado Springs campus after the acquisition from IMI to IBMC. Students in the same class are awarded a different number of credits depending on if they enrolled under IMI or IBMC, students’ transcripts don't accurately reflect the courses they actually took and credits they earned, students have graduated with significantly lower credits than their program requirement as indicated on their enrollment agreement, students are lied to constantly regarding the course substitutions and practices in place due to the acquisition and much of it is in violation of accreditation and department of education compliance regulations, but when employees question those practices, they are told not to worry about it or let go. The health benefits for employees are very poor and expensive. The culture is very negative and full of fear and secrecy and staff are let go right and left. The financial future of the company is a concern as staff were recently notified through an e-mail that the company’s 401k match was being eliminated, multiple staff members had company cell phones that were recently shut off because the bills were not paid and company credit cards are often declined due to reaching the credit limit.
