Academic marketing is competitive. More applications and increased selectivity can seem like a win. But if the percentage of accepted students who show up is decreasing—and if you’re admitting students who don’t flourish—the win isn’t so winning. Marketing for fit can change this calculus.
Academic marketing is a competitive sport. To assemble a class that will get the most from what a school offers—and, for some schools, to assemble the class needed to generate the budgeted tuition dollars—schools are casting ever-wider nets. Getting more students to apply, and then being able to tout increased selectivity, can seem like a good thing. But if the percentage of accepted students who actually show up on campus is decreasing—and if you’re attracting and admitting students who don’t flourish (or graduate)—the win isn’t so winning anymore. Marketing for fit can change this calculus.
Both The New York Times¹ and The Chronicle of Higher Education² recently reported that the number of applications to four-year colleges continues to soar. The Times posits that “applications at more than 70 percent of colleges have increased for 10 of the past 15 years.” The Chronicle cites a 2014 report by Moody’s Investor Services which notes that between 2004 and 2013, “the total number of applications to private colleges rose by nearly 70 percent, while the number of high-school graduates in the United States rose by just 5 percent.”
Students are applying to more and more schools to increase their chances of being accepted by selective institutions, attain the best possible aid package—or both. Unless a school plans to expand the size of their entering class, these higher number of applications also translate to increased selectivity.
The good news, as expressed in press releases, is that schools can tout this increase in applications, and the corresponding lower percentage of admitted students, as proof of their valued position in the academic landscape. This improves a school’s ranking and makes staff, faculty, trustees, and donors feel good. On the other hand, increased selectivity drives increased anxiety in high school classrooms—resulting in students applying to even more schools.
But there’s a number missing here, and that’s yield: the percentage of admitted students who accept a school’s offer and enroll. This number, in many cases, is going down. A student accepted at three of the six schools she applied to can only show up on the campus of one—a verity that generates anxiety in, and increased work for admissions and marketing offices. To assemble the class they desire, schools must cast an ever-wider net, and/or increase the number of students they place on waiting lists. Even Yale, the Times noted, put more than half the number of students it admitted on its waiting list.