MPI Offers Transition Membership Dues for Students

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MPI has made a commitment to grow its community by recruiting and attracting students to MPI both at the local and international level. In fact, MPI's student community grew 90 percent in the past 12 months to 1,649 members at end of October. Student members are also globally diverse with 19.5 percent in Europe/Middle East/Africa, 11 percent in Canada, and 69.5 percent in USA/Latin/S. America.

What's the problem?

While the growth of our student community has been amazing, the challenge is transitioning student members to full-paying members post graduation. As of last year, only 4.6 percent of our graduating student members transition to full-paying members. 

Why should we care?

With the transition rate of our graduating students so low, our focus is to retain and transition students to long-term MPI members. The main reason for our students not transitioning to full members is the dramatic financial change going from their student rate ($40) to the full member rate ($325), especially considering their new employment status.

In light of these conditions, the MPI Board of Directors approved a recommendation by management and the Student-Faculty Advisory Committee to create a "Student-in-Transition" rate plan. The "Student in Transition" rate is a plan for our graduating student members to "grow" into the full membership rate over three years. The first year out of college the member will pay $75, the second year the member pays $150, the third year the member pays $250, and by the fourth year the member moves to the full membership rate of $325. 

Link: http://www.mpiweb.org/cms/mpiweb/mpicontent.aspx?id=21080