-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000895345-09-000837.txt : 20091009
<SEC-HEADER>0000895345-09-000837.hdr.sgml : 20091009
<ACCEPTANCE-DATETIME>20091009180433
ACCESSION NUMBER:		0000895345-09-000837
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091007
FILED AS OF DATE:		20091009
DATE AS OF CHANGE:		20091009

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EDUCATION MANAGEMENT CORPORATION
		CENTRAL INDEX KEY:			0000880059
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				251119571
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		300 SIXTH AVENUE
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222
		BUSINESS PHONE:		4125620900

	MAIL ADDRESS:	
		STREET 1:		300 SIXTH AVE
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GOLDMAN SACHS & CO
		CENTRAL INDEX KEY:			0000769993
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1127

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34466
		FILM NUMBER:		091114945

	BUSINESS ADDRESS:	
		STREET 1:		85 BROAD ST
		STREET 2:		C/O GOLDMAN SACHS & CO
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10004
		BUSINESS PHONE:		2129021000

	MAIL ADDRESS:	
		STREET 1:		85 BROAD STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10004

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GOLDMAN SACHS GROUP INC
		CENTRAL INDEX KEY:			0000886982
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34466
		FILM NUMBER:		091114946

	BUSINESS ADDRESS:	
		STREET 1:		85 BROAD ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10004
		BUSINESS PHONE:		2129021000

	MAIL ADDRESS:	
		STREET 1:		85 BROAD ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10004

	FORMER NAME:	
		FORMER CONFORMED NAME:	GOLDMAN SACHS GROUP INC/
		DATE OF NAME CHANGE:	20010104
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>mg4-edmc_gsgroupex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-10-07</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000880059</issuerCik>
        <issuerName>EDUCATION MANAGEMENT CORPORATION</issuerName>
        <issuerTradingSymbol>EDMC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000886982</rptOwnerCik>
            <rptOwnerName>GOLDMAN SACHS GROUP INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>85 BROAD ST</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10004</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000769993</rptOwnerCik>
            <rptOwnerName>GOLDMAN SACHS &amp; CO</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>85 BROAD STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10004</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-10-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4289</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>54278267</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This statement is being filed by The Goldman Sachs Group, Inc. (&quot;GS Group&quot;) and Goldman, Sachs &amp; Co. (&quot;Goldman Sachs&quot; and
 together with GS Group, the &quot;Reporting Persons&quot;).  Goldman Sachs is a wholly-owned subsidiary of GS Group.</footnote>
        <footnote id="F2">GS Group may be deemed to beneficially own 9,566 shares of common stock, par value $0.01 per share (&quot;Common Stock&quot;) of
 Education Management Corporation (the &quot;Company&quot;) pursuant to the Company's 2009 Omnibus Long -Term Incentive Plan,
 consisting of (i) 4,289 shares of Common Stock granted to Mick J. Beekhuizen, a vice president of Goldman Sachs, in his
 capacity as a director of the Company and (ii) 5,277 shares of Common Stock  granted to Adrian M. Jones, a managing
 director of Goldman Sachs, in his capacity as a director of the Company.</footnote>
        <footnote id="F3">Each of Mr. Beekhuizen and Mr. Jones has an understanding with GS Group pursuant to which such shares are held for the
 benefit of the GS Group.  The restricted shares granted to Mr. Beekhuizen vest one year following the grant date of October
 7, 2009 and settle upon termination of board service.  The restricted shares granted to Mr. Jones vest one year following
 the grant date of October 2, 2009 and settle upon termination of board service.</footnote>
        <footnote id="F4">Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate, 54,268,701 shares of Common Stock
 through certain investment limited partnerships, of which affiliates of GS Group and Goldman Sachs are the general partner,
 managing limited partner, managing partner, managing member or member (the &quot;GS Funds&quot;).  Goldman Sachs is the
 investment manager for certain of the GS Funds.</footnote>
        <footnote id="F5">Each of the Reporting Persons, Mr. Beekhuizen and Mr. Jones disclaims beneficial ownership of all shares of Common Stock in
 excess of their pecuniary interest, if any, and this report shall not be deemed an admission that any such entity or
 individual, as applicable, is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of
 Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Yvette Kosic, Attorney-in-fact</signatureName>
        <signatureDate>2009-10-09</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Yvette Kosic, Attorney-in-fact</signatureName>
        <signatureDate>2009-10-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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