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Recruiting Intelligence

The End of False Promises

Tracking the macro indicators of market growth and decline is where we were at the start of our journey more than a decade ago. The Intead team defined the global market opportunity for student enrollment in ways we felt others were not seeing. And we published our findings and ideas.

While we in higher education are no strangers to global enrollment shocks, there’s no getting around the reality that the year 2020 and the seismic health, political, and economic shifts have challenged our collective efforts to achieve institutional growth. The student enrollment declines being reported are very real and so many of us are feeling them and anticipating more declines in the near term.

Just this week IIE and the National Student Clearinghouse are providing new data showing how the student market has changed for the worse. These numbers are absolutely worth watching and it all makes for good headlines.

Yet, the team here has moved far beyond those headlines and numbers you are seeing. As we approach each new client engagement, we are focused on where specifically the opportunities lie. Which micro demographic? Age range? Region? Academic program interest? Which market differentiators will be attractive and where? Specifically. Globally and locally.

A wealth of data available to make really smart decisions

Today, there is so much data to analyze to help define the real market opportunities for each institution. Given the harsh market conditions, decisions today will determine which institutions will thrive going forward. In some cases, it is about which ones will simply maintain, forget about thrive. Many are trying to predict the future and with investment in the right tools, that is possible.

"Really?" You ask. "Yes," we reply.

The reality: Your bottom line is more important than ever. Your budget? Smaller than ever. Your enrollment goals? More challenging than ever. Your students? Struggling to succeed.

With so much of this past year being entirely unpredictable, a little confidence in the future would be truly welcome.

Luckily, there is an achievable path forward to predictable and sustainable enrollment growth. We’re talking long-term transformational growth here — those “Aha!” moments that transform your institutional practices and reality for years to come. Interested?

Today we are talking to all of you big picture thinkers.

Enter: Predictive analytics.

We know what some of you may be thinking. Long a buzzword in higher education, predictive analytics strategies often come with a “proceed with caution” label and (valid) concerns about budget, staffing, and implementation.

But we’re here to change all that with our new eBook — The End of False Promises: A Guide to Real Predictive Analytics Success.

In this newest Intead publication, we discuss predictive analytics, past, present, and future, including our vision for a manageable, affordable path to incorporating data- and Artificial Intelligence-powered (AI) solutions throughout the student journey at your institution.

To bring this new reality of actionable predictive analytics services to life, we have partnered with iSchoolConnect, a growing leader in advanced EdTech artificial intelligence (AI) tools, to create a new model for marketing, communications, and analytics for academia. Bonus: as one of the world’s few official Google Cloud partners, this new tie-up has access to data insights and resources others only dream of!

The successful approach we are talking about relies on flexible, incremental investments that produce clear returns. With a trusted partner guiding your institution forward on this journey, the transactional successes add up to transform your entire system for enrollment management and student success.

Read on for a quick-hit predictive analytics crash course and to download your free copy of the new eBook. Plus, a closer look at the new Intead + iSchoolConnect approach.

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The More Things Change…The More We Need to Figure Out

So, ICE tells all the online international students in the U.S. to go home and Harvard tells all students to go online for Fall 2020 (without lowering tuition). That’s quite a news day.

From day to day, the landscape continues to shift, sometimes dramatically.

If you’ve missed the past few months of Recruiting Intelligence posts because you’ve had other pressing priorities (we get it), then you may want to take a scroll through it all.

Read on for a quick summary of all the things we all need to figure out. (Spoiler alert: we've already figured out a lot of them).

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Breaking the Ice: What’s New with EdTech Accelerators?

Our calendar is full of conferences and events where we’re presenting on the latest education, recruitment, and EdTech trends. And if you’re familiar with these conference circuits, that means you’re also familiar with the mixing and mingling time. From coffee breaks to cocktail hours, and maybe even the line for the bathroom (hey, you never know where you’ll cross paths with a potential new contact), the networking opportunities are everywhere.

If you’d like to schedule some time to chat with us at your next conference stop, let us know HERE, and don’t hesitate to say hello if you spot one of us in line for the cheese and crackers.

And because you really shouldn't always lead your conversation starter with, “How about this weather we’re having?”, it’s important to have a few relevant industry soundbites in your back pocket to break the ice.

So, what’s a go-to hot topic right now that shows you are both worldly and in the know?

This just in from Singapore: there’s a new model for EdTech accelerators.

Read on to find out what’s happening in the EdTech acceleration space, how it is changing, and what might be coming soon to a cocktail hour conversation near you.

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How Students Pay You Is Changing - Part 3

This week we wrap up our three-part series on #FinTech, where we’re exploring how money for college can be found and moved faster, safer, and smarter, alleviating some of the headache for students, their families, and this time around, for university administrators. This is part of our focus on #EdTech and all the changes our industry is experiencing.

In our first piece, we talked about new student loan options, especially for students from underserved demographics, those looking for social equality, those who want unique repayment terms, and international students. Then last week, we jumped to alternative funding sources, such as micro funding, income share agreements, and new developments in scholarship FinTech.

Those areas of FinTech were all helpful to the students seeking ways to finance their educations and helpful for university administrators to understand as the financing tools and options you students can access change.

Today we are looking at what is new in the world of financial data and payment processing. Let's consider how your job might get a little easier.

And speaking of making your job a bit easier, we have 3 new Intead student recruiting research reports headed your way. Now is a great time to consider an Intead Plus Bookshelf subscription. Don’t miss these valuable reports to help you improve your institution’s recruitment game:

  • Student Interactions on Peer-to-Peer Recruiting Platforms
  • Student Interactions with Chatbots and other Artificial Intelligence Tools
  • Student Recruiting in Emerging Markets: Africa and Latin America

Or you can learn from us with a personal meeting: we will be discussing our latest research and presenting our student recruitment insights at the upcoming TABS, ICEF and AIRC conferences. Email us to set up a meeting.

Read on for important insights into a set of really valuable questions you need to ask before embracing the latest FinTech tools…

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How Students Pay You Is Changing - Part 2

This week we continue our three-part series on #FinTech, where we’re exploring how money for college can be found and moved faster, safer, and smarter, alleviating some of the headache for students, their families, and even for administrators. This is part of our focus on all things #EdTech.

Last week, we dove into new student loan options, especially for students from underserved demographics, those looking for socially conscious financing, those who want unique repayment terms, and international students seeking financing. If you didn’t get a chance to read it, you can check it out here.

A quick shoutout to NAFSA's latest issue of International Educator. It was in our mailbox this week and it should be available online soon. Great articles on priority topics: student services, student employment opportunities and Intead's and iSchoolConnect's article about artificial intelligence and chatbots. Great stuff well worth the read.

With 3 new Intead student recruiting research reports headed your way, now is a great time to consider an Intead Plus Bookshelf subscription. Don’t miss these valuable reports to help you improve your institution’s recruitment game:

  • Student Interactions on Peer-to-Peer Recruiting Platforms
  • Student Interactions with Chatbots and other Artificial Intelligence Tools
  • Student Recruiting in Emerging Markets: Africa and Latin America

Or you can learn from us with a personal meeting: we will be discussing our latest research and presenting our student recruitment insights at the upcoming TABS, ICEF and AIRC conferences. Email us to set up a meeting.

Now a look at alternative funding sources. Read on to find out what exists outside of student loans.

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How Students Pay You Is Changing - Part 1

When you think of student loans, your first thought might not be of the Space Race between the US and the Soviet Union, but that’s exactly where they started. Following the launch of the Soviet Sputnik, the first federal loan program began in 1958 with the National Defense Education Act (NDEA) to serve students studying engineering, science, or education degrees.

Since then, technology has rapidly advanced—both in outer space and right here in the earthly realm of higher education. Interestingly, tech has also advanced in how to finance education.

Continuing our exploration of #EdTech, today we are turning to FinTech in what will be a three-part series. Most of us have probably checked our bank balance online and many are cashing checks with a click of our cellphone cameras. The younger ones among us are transferring funds to each other using Venmo. (You had to pay your babysitter that way just the other week, didn't you?). These same digital advances in FinTech are starting to overlap with EdTech.

The rising cost of higher education is a huge concern for most students and families. Today we explore some of the new financial technologies that allow money to be moved faster, safer, and smarter for the students and families that are eager to attend your institution.

Why is this important?

Knowing what your target audience is into is always important from a recruitment and retention point of view. Is your institution making it easy for students to use the modern financial tools available?

In our FinTech series, we are going to look at new student loan offerings and alternative funding sources for scholarships and crowdsourcing. And while those are helpful on the student end, we will also discuss FinTech solutions for verifying financial details and aid approvals as well as payment management systems.

Quick reminder: This December, the Intead team will be attending the TABS conference in Boston, the ICEF conference in Miami Beach and the AIRC conference in Miami. Drop us an email if you’d like to meet and hear about our latest research. We are releasing 3 new market research reports in the coming months. So much insight!

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#EdTech Basic Training: Bootcamps and the Future of Coding

Students are settled into their dorm rooms, pumpkin spice is again a major topic of conversation, and the craziness of the drop/add period is wrapping up. Summer might already feel like a distant memory. But, way back in June—before all of the student orientations, barbecues and beach trips—we spoke about credentialing and badges. One of the non-credit suggestions we made was for universities to offer coding bootcamps in order to help credential their students or alumni.

There are so many ways to engage prospective students at all levels who want to advance their careers. Our Non-Traditional Student e-book Quality. Cost. Convenience. has 9 case studies from your peer institutions. It might be worth a look if you’ve not already downloaded it. The Extended version for Intead Plus members includes three bonus chapters on market segmentation and recruitment strategies.

Read on to take a look at some of the options already out there for these coding bootcamps, and see if they actually make a career difference for students and offer your team an enrollment edge.

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#EdTech for Career Prep in the Digital Age, Part 2

With your university years over, you are facing the end of your traditional education and the start of your career. You are done sitting through classes and handing in academic assignments. No more finals!

Your students have worked so hard to reach this point. And they’ve spent a fair amount of time researching their career options. Did they do all they could to maximize relevant work experience while in school? Internships? Career networking? Resume writing, LinkedIn profiling, interview practicing, alumni outreaching, job board searching, cover letter writing. This career entry thing is hard work!

Has your institution done all it could to help them pursue the career and land the job?

This is what education is all about. Transitioning the learner to then practice their craft, use what they’ve learned.

This is the second half of a two-part series on how to help students cross the bridge to employment. In Part 1, we spoke about EdTech that can help students prep for careers through mentorship and coaching, as well as platforms for virtual work experience, where students can do some of the daily tasks of their chosen career in an online micro internship. What other resources are out there to help strengthen their profile and seal the deal?

(Read on.)

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#EdTech for Career Prep in the Digital Age, Part 1

Going to College Question: Is it the journey or the destination?

Answer: It’s both, but the destination must be worth it.

After years of classes and seminars, learning and discourse, pizza and so many late nights (SO many late nights), the goal of attending university is for a student to find a job.

A university able to give confidence about the future to their prospective students will be in a stronger position than their peer institutions. Career placement stats are found on most university websites. But how about something more concrete? How can you differentiate?

In a two-part series, we are going to talk about ways that your institution can help students arrive at that destination. There are some very cool career prep resources available.

This is about career mentoring and coaching and how your students find the professionals with employer insights and connections—either from within your faculty, administration, alumni pool or through emerging tech tools (#EdTech social platforms).

The destination of the university journey is of course a job (better yet, a career). Talking to domestic and international students regularly, their focus is, of course, on their future.

“What will I do with this degree? Will it have value to me?”

Connecting to your alumni is an essential part of all of this. And yet, universities are investing so little in their global alumni as a new student recruitment resource. If you’ve not already done so, download our Global Alumni Management: State of the Field research here.

And read on for our review of Career Prep tools and resources…

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EdTech Goes Collaborative: Social Learning Platforms

First Marketing Question Today: Making better decisions based on gathered and distilled information -- Isn’t that the skill education is seeking to instill in all of us as we grow and advance through life?
 
Second Marketing Question Today: To whom do you turn for help with important decisions? Put another way, who are your influencers?
 
Main Message Today: You don't want to be that institution that gets the comment, "Huh! We don't have that," when all the students are home on break.
 
After recognizing the opportunities in EdTech, Unibuddy has grabbed the reigns and created a program that allows current students to discuss the merits of their universities with prospective students. The benefit: students in the college-seeking process are able to authentically hear the pros and cons of different universities from their peers and are able to make an informed decision.
 
Peer-to-peer support is an essential part of the human experience. Peers, colleagues and mentors
provide support in many forms today and it is increasingly digital. Sure, the shared cup of coffee and conversation at a table in some quiet corner has its draw and advantages. But really, digital has taken over the advice department.
 
In our continuing series exploring EdTech, we are looking into social learning platforms
and how they are providing your students (and you) with new ways to move forward. It is the power of collective wisdom.
 
This is going to be good!
 
We touched on these highly-visible resources in this blog in March, discussing learning
management systems (LMS) and social learning platforms.
 
We’re pretty confident you’ve already checked in on at least one social media platform today before even reading this. As you know, your students are spending their days Snapchatting, Instagraming, WhatsApping, WeChatting, (and some even Facebooking! - they might admit that one grudgingly ; -), in an effort to stay connected. Most of their interactions on their device of choice is peer-to-peer. Social learning platforms provide the same type of connection, but the focus is on students, teachers, parents, and alumni interacting to learn, collaborate and get creative with a goal in mind...less mindless, more directed.
 
What’s all this mean to you and your institution? What does it mean for student recruitment and student retention? (Read on...)
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