2022 was a year of incredible growth for the Rize team and for our partners.
After setting the foundation in 2020 and 2021, the Rize team was able to build world-class programs and drive measurable impact for our partners. Moving forward, we’re looking to build even more momentum and continue delivering solutions for members of the LCMC and beyond.
Here’s a lens into the progress we made this past year:
In 2022, we noted exponential growth both in the total number of Rize programs at our partner schools as well as course registrations within those programs.
145 new programs were approved, bringing the total number of LCMC-approved collaborative programs to 375 programs. This represents a 63% YoY increase.
We registered 2,606 students in these programs at 2.5x the rate of previous years.
Compared to 2020, approved programs increased by 4x and student registrations have increased by 10x!
In 2022, we placed a specific emphasis on better measuring and increasing the return on investment Rize partners generate through adopting our approved programs.
By our measurement, Rize partners generated an average of 5-10x ROI in the first enrollment cycle. We estimate that comes out to about $170,000 in revenue per program (as measured during the Fall 2021 enrollment cycle).
We’ll discuss how we’re continuing efforts in this initiative below, but it’s our goal in 2023 to consistently measure results and improve our reporting with current and prospective partners.
Above helping partners generate revenue through adding programs, our most notable achievement of 2022 was improving the student experience.
As we continued to bring new students into the fold, it was important that we made meaningful adjustments and updates to their classroom experience, interaction with teachers and other students, and course curriculum. We surveyed our students and noted their responses, most of which were favorable of their experience:
Helping our partners generate significant ROI and improve the classroom experience for students continue to be top priorities for us moving forward. Some key initiatives include:
We know what small, independent colleges need to compete with larger state schools and institutions with massive endowments. You need to deliver a world-class education in emerging fields that students are excited by.
That’s where Rize comes in, and 2023 is the best time to become a partner. Book a free exploratory call with our team to learn more about the Rize process and product.