EdTech Europe 2015 [Track 1]: [2U], ([Rob Cohen], [President])
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Transcript of EdTech Europe 2015 [Track 1]: [2U], ([Rob Cohen], [President])
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A Higher-Ed Case Study From 2U: What Digital Marketing has Taught us About University Brands
Rob Cohen, President & COO, 2U || Edtech Europe, London, UK
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We are stewards for some of the best brands in the United States
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ONLINE
ON-CAMPUS
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Immersive Course Content
Live Classes Real-World Experiences
Social Engagement
Dedicated Support Services
The Recipe for Great Outcomes
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What We Do2U enables great colleges and universities
to bring their programs online using an integrated Platform:
Proprietary Cloud-Based SaaS Technology
Bundled Technology-Enabled Services
CONTENT MANAGEMENT
SYSTEM
O N L I N E C A M P U S
A P P L I C A T I O N P R O C E S S I N G
P O R T A L
C U S T O M E R R E L A T I O N S H I P
M A N A G E M E N T
CONTENT DEVELOPMENT
S T U D E N T A C Q U I S I T I O N
P L A C E M E N T S E R V I C E S
S T A T E C O M P L I A N C E
S E R V I C E S
S T U D E N T &
F A C U L T Y S U P P O R T
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The marketing task we face is unique and challenging
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• Finding the right student at exactly the right time
• The time between when a student finds a program to submitting an application can be a long time
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Several years ago we built an algorithm to guide our understanding of which programs have the ability to scale
IPEDS U.S. Bureau of
Labor Statistics
CareerBuilder
US News
Primary Data Sources
2U PROPRIETARY DATA
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Reasonably Inelastic Market
University Brand Strength is HIGHLY
Regional
Two key insights came out of this research
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We had seen this insight in the marketplace and in our early program experience
We had seen this insight in the marketplace and in our early program experience
College Enrollment College Costs
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We had seen this insight in the marketplace and in our early program experience
Masters in Teaching Programs Masters in Social Work Programs
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University Brand Strength is HIGHLY
RegionalReasonably Inelastic
Market
Two key insights came out of this research
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• Every school is incredibly regional
• Even though the online modality makes geography essentially irrelevant – a strong
regional bias still exists
We explored undergraduate migration patterns at every U.S. University and found the
following:
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Campus Un-dergrad
Campus Grad 2U Online Grad0%
20%
40%
60%
80%
53% 46% 41%
15% 18% 21%In RegionIn State
Enrollment Percentages by Geography
(Universities with launched 2U program)
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Prospects Students0%
20%
40%
60%
80%
100%
80%59%
Out of State Prospect & Student Percentages
Prospects across our programs are more national – the regional bias occurs as
students move towards submitting their applicationSubmit Rate by Distance to
Campus
0%
1%
2%
3%
4%
5%
Subm
it R
ate
0 1,5001,000500Miles from Campus
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So why are University brands so regional?
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University brands differ in key way from other established, world-class brands
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Most brands have a relatively small competitive set…
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…and their exposure is incredibly broad
1.7 billion servings
consumed per day
1 billion iOS devices sold
to date3.5 billion
searches per day
136 million customers flew Southwest in
2014
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University Brands differ dramatically
• Many Universities competing for a share of voice
• Materially smaller set of people who have direct interactions with the brand
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Exposure to these brands is inherently regional
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This has been ingrained for hundreds of years
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So what does this mean for our shared mission to expand the University beyond its geographic bounds?
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Students enrolled
retention adjusted tuition bookings
*bookings as of Q1 15, all else as of year end 2014
$795mm
12,300Impact
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