Connecting with Today's Prospective Students
Transcript of Connecting with Today's Prospective Students
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How marketers can best influencethe student decision journey
Connecting with Today’s Prospective Students
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How can higher education marketers impact the decision process of today’s
empowered prospect?
?
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3LinkedIn Survey and Internal Data: August 2015
Understanding today’s higher education decision journeyWe surveyed 15,000+ respondents on LinkedIn
Brazil
Australia
India
Germany
UK
France
USA
Canada
Hong Kong
Singapore
Netherlands
South Korea
JapanSpain
This deck features Australia Results1,059 total respondents including:• 557 MBA / Masters Intenders• 502 MBA / Masters Grads
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The Importance ofMaking the Shortlist
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Source: Millward Brown Digital 2015 – Demystifying the consumer journey
Credit Cards Airlines Wireless Laptop/Tablet Insurance Auto0
10
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30
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60
Category influences time investment
LENGTHOFPURCHASEJOURNEYNumberofdaysfromstartofjourneytopurchaseforeachcategoryAveragedays
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Credit Cards Airlines Wireless Laptop/Tablet Insurance Auto Higher Education0
100
200
300
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500
600
700
Category influences time investment
LENGTHOFPURCHASEJOURNEYNumberofdaysfromstartofjourneytopurchaseforeachcategoryAveragedays
Source: Millward Brown Digital 2015 – Demystifying the consumer journey
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Prospects are using multiple sourceswhen considering higher education
Institutionwebsite
Friends/Peers
ProfessionalNetworks
InformationSessions
54%42%
30% 27%
Professional networks are 3x more influential than personal networks
PersonalNetworks
ProfessionalNetworks
10%
30%Top influential sources when considering further education
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Base: MBA and Masters Intenders (n=557)
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The decision process is exclusive and critical
Only 3schools make theprospects’ shortlist
67%
develop their shortlistbefore reaching out to
a school representative
94%
end up enrollingat a school from
their shortlist
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Base: MBA and Masters Grads (n=483)
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Implication for Marketers:
Engage early in the decision process with
content that is relevant to your prospects
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Understanding theProspect’s Mindset
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The need to up-skill is the most influencing factor in Australia
The need to up-skill
Passion for learning
Seeking a higher salary
Develop leadership skills
Increased confidence in my current job
56%
44%
40%
33%
30%
Top 5 factors influencing the decision to undertake higher education
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Millennials(18-34) GenX(35-49)Theneedtoup-skill Theneedtoup-skillSeekahighersalary PassionforlearningPassionforlearning DevelopleadershipskillsIncreasedconfidence Seekahighersalary
MillennialsandGenXersbothhaveastrongpassionforlearning,butfordifferentreasons
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Base:MBAandMastersIntenders(n=557)
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Topfactorsinfluencingdecisiontoundertakehighereducation
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Develop leadership skills
Increased confidence in my current job
Passion for learning
Seeking a higher salary
The need to up-skill
29%
29%
39%
46%
51%
Base: MBA and Masters Intenders
Top 5 factors influencing the decision to undertake higher education
Singapore
Entrepreneurial Oppor-tunities
Increased confidence in my current job
Passion for learning
Seeking a higher Salary
The need to up-skill
25%
28%
37%
49%
50%
Hong Kong
The need to up-skill
Develop leadership skills
Passion for learning
Seeking a higher salary
Entrepreneurial opportunities
60%
43%
42%
37%
36%
India
Upskilling is important across APAC with slight nuances
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University ranking
Employment rate of grads
Tuition fees
University reputation (overall)
Program format
Faculty/teacher quality
55%
55%
57%
78%
85%
88%
Base: MBA and Masters Intenders (n=557)
Respondents who intend to undertake a Masters or MBA
When deciding where to study, quality of learningexperience is more important than cost
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Prospects seek flexibilityBut there are differences by age
Base: MBA and Masters Intenders (n=502)
49%41%
37%33%
18%11%
GenXers are 43% more likely to want online study options
Millennials are 120X more likely to want part-time local study options
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More than 1 in 3 international prospects said they would be interested in studying in Australia
Australia
Want to develop new perspectives on academic subjects and real-world issues
Want to experience a different culture
Want to develop valuable career skills
37%
Top Reasons
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Prospects from around the world see Australia as a prime location for higher education
CN35%
JP25%
HK26%
AU
IN35%
US41%
SG48%
UK18%
FR35% DE
35%
NL40%
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Implication for Marketers:
Build a digital presencethat aligns with the
mindset of yourprospect and the
brand identityof your university
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Creating Contentfor Every Stage
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Top types of information sought by intenders in each stageof the higher education decision-making process:
Giving them relevant content at each stagewill help keep schools top of mind
AWARENESS DISCOVERY SELECTION
Base: MBA and Masters Intenders (n=502)
Staff and lecturer profiles
Information on courses and degree program's
Reviews of the institution
Career Advice
Institution rankings
Education and industry news
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AWARENESS DISCOVERY SELECTION
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Giving them relevant content at each stagewill help keep schools top of mind
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MBA/Masters intenders on LinkedIn are highly engaged
2.7X more connected
5.8X more companies followed
Source: LinkedIn Internal Data, 2015. Index against average Australian member
6.5X more likely to share content
3.2X more engaged with the education section
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Implication for Marketers:
Understand the nuances of your audience
and target them with relevant content at each
stage of the cycle
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Leveraging LinkedIn’s datato understand your prospects
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FixDex Inc., 201-500, Internet
Member of networking Groups
Individual Contributor
Christopher
San Francisco, CA USA
COMPANY
NAME
INDUSTRYSIZE
SCHOOL
LOCATION
JOB TITLE
SENIORITY
FUNCTION
MIT
FIELD OF STUDYComputer Science
DEGREE Bachelor’s
GRADUATION2007, 30AGE
CCNP, virtualization, cloud SKILLS
Network engineer
GROUPS
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Identify the onsite behaviors that indicate high engagement or
specific interests
Define the most desirable demographic segments
Understand the audiences that have already taken specific
actions on your site or converted
Identify and target your highest-value prospects
sights pixel
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Implications for Marketers
Prospects are driven to higher ed. because of
the need to up-skill
Prospects seek specific content
at each stage
The prospects’ shortlist is exclusive
and critical
LinkedIn’s data can help you understand your prospects in depth
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Thank You