How Much Should Universities Spend on Enrollment Marketing?

From Apply Now: The Higher Ed Marketing Podcast · 32:41

Show by Vital EDU

There is a question that the Vital team hears on sales calls more than any other. "What should our enrollment marketing budget be?" On the surface, this is a straightforward question but below this question lurks all types of other metrics - cost per click, cost per inquiry, landing page conversion rate, inquiry to application rate, application to admitted student rate, admitted student to enrolled rate.In this episode, Chris and Julia discuss industry benchmarks for cost per inquiry and cost per enrolled student, why those numbers vary by market and by program, and how to use conversion rates throughout the enrollment funnel to better understand the cost it takes to enroll a student.

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