La Salle University One-Year MBA: Designing an Effective Marketing Campaign Nicole Fiamingo, Cassandre Luberus, Samantha Stupak MBA 730- Marketing Research April 28, 2011 Background • Current Industry Trend: One Year MBA Program Length – Current Economic State • History of La Salle MBA Programs – Part-Time – Full-Time – One Year – Saturday MBA • Typical Advertising Campaign • Major Competitors – Drexel University, Temple University, St. Joseph’s University, Villanova University, & Penn State University Dear Students, As graduation approaches, take some time to consider extending your education for 12 to 24 months to earn an MBA in one of La Salle University’s AACSB-accredited, internationally recognized programs. The programs are designed for recent graduates with limited work experience. Partial scholarships are available for U.S. and international students. Information on the two programs follows: One-Year MBA Program: This program is designed for students from all undergraduate majors to earn an MBA in one year. The program has three tracks: Investment Analysis, Managerial Finance, which also accommodates undergraduate accounting majors seeking to complete their 150-hour CPA requirement, and Marketing. The curriculum also offers students the opportunity to participate in faculty-led travel study. Full-time MBA Program: This program is also designed for students from all undergraduate majors. Students in the program can begin classes in fall, spring and summer. Students complete this program in 12 to 24 months. It offers majors in accounting, finance, management, marketing, international business, and MIS. Students have the opportunity to study abroad for a full semester in this program or to participate in faculty-led travel study. For more information on how to make your future brighter, visit our Web site at www.lasalle.edu/mba<http://eliteonlinetracking.com/.1p8k LA SALLE UNIVERSITY GRADUATE PROGRAMS 1900 West Olney Avenue Philadelphia, Pennsylvania 19141-1199 USA Research Purpose • Past Marketing Efforts – Direct Mailing • Target Market – Recent Business College graduates • Rate of success? Problem Definition • The marketing campaign was not able to achieve the level of response that was originally anticipated. • The marketing campaign did seek an optimal target market. Research Objectives 1. Students respond better to electronic media versus direct mailings. 2. Students find programs through search engines. 3. Students choose programs based on price, location, and program outline. 4. A student’s current employment status directly attributes to their desire to apply. 5. A program’s website has the potential to deter students from applying. 6. Those seeking a MBA program no longer fit in a typical demographical box. Information Needs • Demographic information of current students • Career status of current students • Preferred search methods for MBA programs • Number of MBA programs applied to • Deciding factors for MBA programs Survey Methodology • Sampling procedures • Sample size • Response Rate • Sample Representativeness Research Objectives Results 1. Students respond better to electronic media versus direct mailings. Figure 1.1 Survey # 2 How did you hear about the La Salle MBA program (check all that apply)? Direct Mailings Email Radio Promotions Outdoor/Transit Advertisments Website banners Search Engine Social Media (e.g., Facebook, Linkedin, Youtube, Twitter) Word of Mouth Other Response 6 0 9 4 3 12 1 38 23 Figure 1.2 "Other" Selections for Survey question two 1.Professor Recommanded 2.Walked in and had a conversation with Liz who introduced me to the program 3.GMAT website 4.Partner University excahnge student program 5.I went to La Salle 6.www.mba.com 7.Education fair 8.Family member that worked at La Salle 9.I attended La Salle as an undergrad 10.Employee of La Salle 11.Attended La Salle for undergrad 12.Direct web link to La Salle 13.Undergraduate Degree from La Salle 14.Drive by the school 15.College Fair 16.Undergrad 17.Got a job at La Salle 18.Big 5 School- AACSB Accredidation 19.La Salle Website 20.Education fair 21.Internet search % 8% 0% 11% 5% 4% 15% 1% 48% 29% Research Objectives Results 1. 2. Students find programs through search engines. Figure 3.1 What is your preferred search engine? Google Yahoo Bing Other Total Figure 3.2 Respone 67 3 1 0 71 % 94% 4% 1% 0% 100% What keywords/phrases did you use when searching for MBA programs MBA program MBA program in Philadelphia One Year MBA Part-time MBA Programs Full-time MBA programs in Philadelphia MBA programs in Pennsylvania AACSB accredited in Philadelphia Business schools in Philadelphia Other (please specify) (Check all that Apply) Response 19 37 4 18 7 9 14 10 6 % 27% 52% 6% 25% 10% 13% 20% 14% 8% Research Objectives Results 1. 2. 3. Students choose programs based on price, location, and program outline. Figure 6.1 Please Rank the important of the following factors when selecting an MBA program # of times ranked # 1 Price Location Course Offering Brand name 16 23 5 15 % 22.5% 32.4% 7.0% 21.1% Research Objectives Results 1. 2. 3. 4. A student’s current employment status directly attributes to their desire to apply. Figure 4.1 Before you started your MBA program, what was your employment status? Employeed Full Time Employeed Part Time Unemployed Total Figure 4.2 % 79% 4% 17% 71 100% Year of graduation from undergraduate program? Before 1995 1995-1999 2000-2004 2005-2009 Recent Graduate (2010) Total Response 56 3 12 Response 6 4 19 33 9 71 % 8% 6% 27% 46% 13% 100% Research Objectives Results 1. 2. 3. 4. 5. A program’s website has the potential to deter students from applying. Rate the La Salle University website on its Navigation. Figure 5.1 1 Easy:Difficult Figure 5.2 2 10 21 4 21 5 10 Response 5 67 Rate the La Salle University website on its Design 1 Appealing:Unappealing 2 12 3 16 4 24 5 10 Response 5 67 Rate the La Salle University website on its Information provided. Figure 5.3 1 Helpful:Not Helpful 3 2 12 3 29 4 17 5 7 Response 2 67 Research Objectives Results 1. 2. 3. 4. 5. 6. Those seeking a MBA program no longer fit in a typical demographical box. Managerial Recommendations • Spend less time and money on direct mailings and more on website banners and radio promotions • Revamp La Salle University and the School of Business website • Use better branding campaigns: – Word of mouth • “Go Ahead, Tell a Friend” – “La Salle Endorsed” – Search Engine Marketing • Promote the future growth possibilities that a MBA will present • Continue to promote price and location • Do extensive research on the demographics desired of future applicants