Recruiting Intelligence

Our advice from a few weeks back: To survive current enrollment and revenue challenges, institutions must stop cutting at some point and invest in growth.

We know you have questions. How do you encourage a culture of innovation? How do you get a slow-moving institution to make smart, growth-focused investments? How do you manage the risks inherent in these investments? And, most importantly, what are the “smart investments” your institution should be making?

We’ve been doing the research and gathering the experts. On November 16th, Intead and iSchoolConnect hosted a webinar Predicting Revenue, Enrollment & Student Success to address these questions and more, with a focus on how investments in data and technology can help generate predictable revenue for your institution and pave the way for transformational growth.

In the webinar, Ben Waxman (CEO, Intead) and Ashish Fernando (CEO, iSchoolConnect) also introduced the new Intead / iSchoolConnect partnership -- a powerful relationship and suite of end-to-end admissions and student success-focused solutions that combine Intead’s wealth of experience in market research and strategic digital communications with iSchoolConnect’s Google-recognized technology services.

The webinar discussion tapped the wisdom and deep experience of:

• Lisa Adams, MD: Associate Dean for Global Health, Director of the Center for Global Health Equity, Dartmouth Geisel School of Medicine
• Jesus Trujillo Gomez: Strategic Business Executive for Higher Ed at Google Cloud
• Kerry Salerno: CMO, Babson College
• Hillary Dostal: Economics Adjunct Professor and Lecturer, Northeastern University and Endicott College

If you missed the webinar, you can watch the recording in full right here. You can also play it in the background while you work, but we like to think our bright, smiling faces bring some added value! : ) 

And if you haven’t got an hour to spare, you’re in luck — a new Key Takeaways PDF download is available for free at the end of this post. These insights shared by our panelists are just too valuable to miss. It is a quick and helpful read.

Read on for webinar highlights and the Key Takeaways download link.

We’ve been presenting at the AIRC conference for eleven years now, and while the gathering looks very different this year, the value of connection and the wealth of ideas shared was a comforting constant from years past in Miami. Although we did miss the poolside networking on a warm December evening.

This year, members of the Intead team were honored to present two sessions together with our amazing colleagues from universities and other experts in the field focused on the AIRC 2020 Vision of “Charting the Waters.”

At Intead, charting the waters of this year has meant gathering and analyzing data, developing targeted, clear (and comforting) communications during this difficult time, and strategizing around new markets and tools to help institutions move their enrollment goals forward.

This absolutely gut-wrenching year, we started addressing the radical changes to student enrollment and student success on February 19 with a blog about adjusting the approach to recruiting international students from China. Days later, we convened enrollment management and study abroad experts for two powerful webinars addressing global ramifications (here and here). This year, our team has published, non-stop, with enrollment management guidance in toolkits, case studies, and eBooks (in addition to this weekly blog).

Read on for a collection of our highest value tips and to download our AIRC presentation slides. You'll find that oh-so-happy link at the bottom of today's post. (Making you work for it ; -)

As we engage with our colleagues at the AIRC virtual conference this week and next, the discussions have us thinking, planning, and doing.

The financial challenges are quite real and the losses in the world of academia will continue to pile up in the near term. Survival and growth are possible, and your team knows that. Your leadership is engaged in some exceedingly difficult decision making right now.

Here are the financial realities: While deep and troubling, many institutions have been here before and frankly, this kind of pain is not all that new. Pandemic or no, institutions were heading for a financial crisis. Current circumstances have sped up the process. Those that have survived these challenges in the past stop cutting at some point and invest in growth.

We all want those investments in growth to be the right ones, but how do we know? Let’s look to our industry experts from our fellow AIRC members working in the trenches, to Moody’s Global Services, and the Chronicle of Higher Ed and make some sense of this. Concrete advice follows. Read on. 

According to Moody’s reports on the financial pain 4-year institutions are facing, higher ed administrators are managing a host of escalating challenges.

What we know: cutting your way to success has never worked for any institution.

What we want: strategic, incremental investments that pay off.

But which ones will lead to predictable enrollment growth and revenue? Oh, and student success?

There is a guiding light, a process to achieving this kind of success.

With technology playing an increasingly critical role in every aspect of our lives, especially now, academic institutions have recognized the need to accelerate the adoption and development of digitally oriented enrollment processes and education delivery. These moves can reverse enrollment declines and support the quality of education that students and families expect. A new partnership between Intead, iSchoolConnect, and Google addresses these needs with a smart, agile, and modular approach.

Framed as a modern and flexible model, incremental investments in technology for marketing and student success can align university leadership, administrators and importantly, faculty. CFOs take note, this is a plan for predictable enrollment and revenue streams.

The team delivering on this approach brings deep skills in marketing, enrollment management, and technology to support academic institutions through transformative initiatives carried out incrementally.

The goal is to produce an enrollment management transformation and a re-imagined approach to student success. Affordable marketing and AI-powered technology investments, each with clear transactional wins (think ROI) that justify the process, move the institution through a series of system improvements and enhancements toward the envisioned state. 

We’ve been here before, and we know that transformation is tough at large institutions. Bold and expensive strokes often fail to build the necessary stakeholder buy-in. The result: limited successes, far less than envisioned. 

Incrementalism recognizes that there are common modules every institution will want to address (recruitment, enrollment management, alumni relations, student and career services, etc.). Each institution is different in how and when each valued area blends into the transformation effort.

Read on to view our latest webinar in which I am joined by Ashish Fernando, iSchoolConnect CEO, and a panel of excellent guest speakers from Dartmouth, Babson, Northeastern, and Google to discuss how this new approach can pave the way to predictable, affordable, and transformative enrollment results. 

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.

There's one important thing institutions should do to reverse enrollment declines. Most won’t do it.

What you need to succeed: the knowledge that each incremental investment provides a near-term win, a return on investment, while advancing your institution towards a transformative state for long-term growth. 

On Monday, November 16th at 12pm (EST), we will be joined by an amazing line up of experts to discuss how predictive analytics and flexible, modular investments in technology can transform both enrollment management and student success.

With so many institutions experiencing enrollment declines and budgetary challenges, strategic investments are essential. No institution has ever cut its way to success. 

Join us for this intriguing discussion about predictive analytics powered by Artificial Intelligence (AI). Following our webinar, attendees will receive an advance copy of our newest eBook on how to customize this modular approach for your institution. And we will be making a big announcement about how Intead is changing, significantly, to take advantage of the opportunities we see ahead.

During the webinar, I will be joined by my co-host, Ashish Fernando, CEO of iSchoolConnect, and together we will get some amazing strategic insights from:

• Lisa Adams, MD: Associate Dean for Global Health, Director of the Center for Global Health Equity, Dartmouth Geisel School of Medicine
• Jesus Trujillo Gomez: Strategic Business Executive for Higher Ed at Google Cloud
• Kerry Salerno: CMO, Babson College
• Hillary Dostal: Economics Adjunct Professor and Lecturer, Northeastern University and Endicott College

How many cooks are in your international-marketing-kitchen? Many universities work with a dizzying array of partners in their efforts to reach international prospects—an endless stream of specialized contractors all working in separate silos and in different regions.

We’ve seen universities that have hired many vendors under separate contracts:

• A partner to build their international microsite
• A freelancer to write the blog copy on that microsite
• A partner to run a Facebook ad campaign in India
• A partner to run Weibo accounts in China
• A partner to run webinars in Vietnam
• A videographer to shoot student testimonials
• A graphic design firm to design brochures
• A social media manager to run their WeChat account
• A market research company to provide yearly research reports
• An SEO specialist to help with paid search in Latin America
• An agency to create the annual viewbook
  
  Zzzzzzzzzzzzzzzz…sorry, we dozed off there. It makes us tired just to write out this list. And we didn't even include the many agent contracts most universities sign in their primary target countries.

Does international student recruitment have to be this distracting and exhausting ?

Read on for our advice on streamlining and helping you get back to your real job...

Listening to a radio interview this past weekend, I heard a fantastic analogy from a recording artist describing why she collaborated with others on her most recent album:

When you go to the playground and bounce the ball off the wall by yourself, you know how it will bounce back to you.

Collaborating with other talented people produces more than you can produce by yourself. And it often produces the unexpected bounce that takes your project to the next level. Today we will look at a digital marketing case study for a campaign we ran in India, Brazil, and the U.S.

This is our second post in our enrollment management series addressing the question of how much of a media budget do you need to succeed with your digital student recruitment campaigns?

The answer: Benchmarks are the signposts to improvement and success. When you run campaigns, you capture the data that tells you how to improve. Collaborate with us and we will help you get the desired campaign bounce (not bounce rate – that’s something entirely different ; -)

We are providing our community with case studies offering a level of detail you simply do not find out there. We look at case studies offered up on other websites and often we are perplexed by what their definition of “case study” is. What we are providing: actual campaign results to help you know if you are doing things right.

Our recent enrollment marketing campaigns for a range of institutions have targeted student audiences in Kenya, South Africa, Ecuador, Colombia, Brazil, Italy, France, India, and of course, the US. Campaigns on the horizon will target recruitment stalwarts: China, India, and South Korea as well as Australia and Canada.

Pro tip: you’ll want to share these posts with your team. Better yet, get them to subscribe to our blog.

And here is a link to last week’s Intead Blog and Case Study about Kenya and Ecuador in case you missed it.

Read on for perspective on the talent and budget needed to make your next digital student recruitment campaign even more successful.

Have you been in touch with your business school professors for a crash course on competition? Yes, we know they can be a bit, well, opinionated and sometimes pompous (we’ve spent our share of hours in MBA classrooms). But they actually have some tips that are going to be increasingly valuable. And they are incentivized! They want to see their classrooms full, just as you do.

The Graduate Management Admissions Council (GMAC) recently released their 2019 Application Trends Survey report, which collected data from 1,145 programs and 336 business schools across 40 countries.

Today, we are diving in to see overall trends in MBA applications, as well as which countries saw growth or decline, where students are coming from, and why they are or aren’t choosing certain countries in which to study.

And speaking of international enrollment trends, have you downloaded our latest special edition e-Book? Together with FPP EDU Media, we surveyed prospective students from 16 countries in Africa and Latin America to provide you with insights into these emerging markets. Download your copy today to get the 411 on students’ program interests, digital behavior and more.

Read on for the latest in MBA application trends…

Let’s talk about student recruitment without the data for a change. Let’s talk about the underpinnings of this human experience of recruitment. Stay with me here.

Why are we doing this work in the first place?

The cynical among us point to the economics: we recruit students to get their tuition dollars. Ok, this is true. Faculty must be paid to get them to deliver education services. They actually get pretty adamant about this. And administrators need to get paid to keep the operation going.

Bigger thinkers among us believe education fosters cultural understanding. And global education fosters cross-cultural understanding. All this education helps build stronger economies (think jobs) and more peaceful times. 

Personal growth and communal growth.

And how in the world will this blog intro bring us to our favorite topic: student recruitment? Trust me and read on...