May 22 2008
Higher Education is Learning to Attract the Corporate World
Institutions of higher education are learning that there are new and effective ways of attracting corporate clients and the money they hold, but it hasn’t been an easy path. Part of the problem is that approaching the corporate world requires a certain amount of skill in consultative selling, and sales is something that higher education administrators often don’t do well. In fact, many are uncomfortable being pressed into the role.
A recent industry report by the American Society for Training and Development (ASTD) estimates that about $2.9 billion is spent by American employers on external services that contribute to employee learning and development. These external services can include anything from consultant trainers to university contract education programs. A great deal of that $2.9 billion is open to colleges and other institutions of higher education that are willing to work to fulfill the needs of these companies. The need is clear and the money is there, but it’s hardly low-hanging fruit.
To adjust, many colleges and universities are now prioritizing efforts to appeal to corporate clients. These efforts include the addition of customized programs and value-added services that will draw corporations and their dollars as a part of their employee learning and development programs. Savvy schools are working to create sales and marketing strategies that will build and reinforce relationships with the corporate world.
This moves institutions of higher education outside their traditional academic comfort zones in order to cater to the needs of employers while remaining competitive within their own scholastic environment, quite a balancing act.
A trend to increase flexibility in courses offered, and how they are delivered, can be seen on many campuses, in the hopes that their offerings will be more appealing to employers. Thus far, however, the clash between the goals of traditional academics and the needs of corporate employers have limited much of the interchange to specific departments and programs. By insulating the programs with a stronger job training focus, colleges can maintain their academic credibility while courting corporate money.
Schools are also developing entire post-baccalaureate programs within the areas of greatest need for employers. Such programs include human resource management and information technology. While some of the courses may be applied toward a Master’s program as credits, others are stand-alone programs that have been created solely for meeting the needs of the employers in the area or the market of the school.
It will be interesting to see how this trend develops. Do colleges and universities want to produce theoretically grounded, comprehensively educated or focused, highly skilled technicians ready for the workplace? Workers or leaders? This is an ongoing discussion on many campuses, one that will define the future of their institutions.
What has all this got to do with higher education marketing? Comprehensive marketing outreach is needed for higher education to effectively reach the corporate world. Executives, steeped in the world of business, use a language and style quite different than that of the academic world. They are practiced in the evaluation of marketing collateral, and quick to decide who will and will not get that hoped-for return phone call.
Colleges and universities have a lot of experience in developing marketing communications for students, their parents, donors and alumni, but often do not understand the language and needs of business. To succeed in this highly competitive arena, higher education institutions will need to draw on their own resources, industry advisory councils, consultants and others to transform academic prose into effective corporate marketing materials.
It’s work the trouble, though: that $2.9 billion figure is already two years old, and the market of opportunity for higher education is growing almost daily.

