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Recruiting Intelligence

30 Global Turnkey Campuses

In our conversations with students, we hear a clamoring for certainty.

We’re betting you hear it too. Stick with us here, we’ve got two solid options to present to you. Doing this right will get your current and prospective students singing your praises all over the internet.

The set up: we can see already that the larger mechanisms for fall enrollment – from visa processing to so many other factors – are delayed at best. Intead is talking to a number of institutions that understand our new realities and are taking their student first philosophies to a new level.

In hearing from university presidents about all of the very real administrative machinations that make our new abnormal SO incredibly challenging for institutions, some are saying, “That’s not your problem, its ours.

That right there is innovation speaking. That is institutional leaders understanding why they have their jobs in the first place.

The opposite is also happening. Telling your students (domestic or international) to “wait and see” is not putting your students first and it is not a competitive advantage.

Institutions explaining why they cannot meet students’ (and families’) demands for certainty because of cumbersome internal bureaucracies and systems, well, those institutions will reap what they sow. In this crisis, the nimble (or rich) survive.

Giving students concrete options to move forward right now is where you want to be. Acting now to offer a clear plan for students to maintain their track toward graduation and do more than remote learning programs will cement more of your student relationships for the next four years.

Read on for two specific paths that will serve your international and domestic students in ways that will preserve their graduation timetable and your tuition revenue stream.

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New Revenue Sources: Your Success Depends on It

How does a university facing reduced enrollment find new sources of revenue? Let's get specific. 

There are a number of answers to this question. And they hinge a bit on how much time your institution has. Is this need for diversified sources urgent, as in, “Let’s get a new program out there this summer to increase fall enrollment”? Or do you have funds (endowment or reserves) to draw upon for the next year to weather the storm, allowing new revenue sources to be developed more slowly?

Either way, the response will require speed -- not a strong suit for academic institutions in general. And it requires a level of nimble creativity and well-coordinated collaboration. These are hard combinations to pull together. But mostly, it is the compressed length of time to bring a new idea to market that will likely be your biggest challenge.

With this post we are offering a range of ideas for new academic programs that you can offer to students across the country and around the world. For the most part, these are all programs that you can create from what you have on hand already. There’s a bit of repackaging and rebranding required. And an innovative delivery system. But it can all be done in the time you have available.

What’s the catch? Why haven’t you done this before? Well…

To succeed at this, you must have support from the those at the top and the ability to innovate. Easier said than done. But now your success depends on just that — getting it done. 

Want to find a way to fill the looming holes in your revenue streams? Our recommendations and tips follow.

This is not for the feint of heart. Buckle up and read on.

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Can Boot Camps Go to University?

Thinking about tech boot camps as a new revenue stream? We are.

If you've not already read last weeks post about Full On Armchair Recruiting with clear and supported guidance on what comes next for student enrollment, student experience and student services, well, we highly recommend it ; -)  We've received a fair number of emails from your peers who found the advice highly valuable as they make plans for fall 2020 and beyond.

Here's the thing: given anticipated and imminent enrollment drops, new revenue sources are going to be really important.

With all the changes happening now and coming down the pike for academia, we want to continue to look forward and point the way for how your institution demonstrates its value and hopefully finds new revenue sources. Turns out, in this environment, thinking about new revenue streams has suddenly taken on a fevered pitch. That's a good thing. We LOVE innovation.

You and your colleagues have likely talked about the quick-hit education providers cropping up in the form of coding boot camps. We’ve been keeping an eye on these burgeoning businesses ourselves. After all, they’ve been sprouting like weeds over the past eight or so years.

Their aim is to teach practical skills to nontraditional students looking to enter or change careers or move up the professional ladder. Courses tend to use project-based learning to cover topics like full-stack web development, digital marketing, data analytics, UX/UI design, cybersecurity, cryptocurrency, blockchain and more.

Universities have seen this as a threat to their engineering and IT offerings. But are they truly threats?

Within the past few months, Michigan State University, George Washington University and the University of Toronto School of Continuing Studies each announced their own tech boot camp (or fintech) programs. There are others taking this direct competitive approach.

The trick for many universities is that their infrastructure is not necessarily set up to provide continuous, short-run programs. One challenge for boot camps is that their administrative infrastructure is slim and stuggles to support scaled growth. They also struggle with credibility. Will their certificates have value for the graduates over time?

Can you see where we’re going with this?

There’s an opportunity for a symbiotic relationship that can benefit students, local economies and your respective programs. Enrollment marketing, take note! Read on.

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