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MBA Students Help Prudential Appeal to Gen Z Students

Posted in: Management

Students in Professor Zhu Zhu鈥檚 business consulting experience course were chugging toward the finish line of their MBA program, they had an opportunity to apply the knowledge they鈥檇 acquired to a real-world project by consulting to one of the nation鈥檚 largest insurance companies. 鈥淲e have this relationship with Prudential, and I figured it would look good on my students鈥 CV, so we worked with them,鈥 says Zhu, associate professor, Department of Management, Feliciano School of Business.

The goal of the project was to drum up excitement for Prudential鈥檚 life insurance packages with individuals from Gen Z, most of whom aren鈥檛 actively shopping for life insurance. 鈥淭hat鈥檚 always been an issue with insurance companies, getting young people to think about life insurance,鈥 says Zhu. 鈥淢y MBA students were tasked with figuring out what would help Prudential with this problem.鈥

To provide her students insight into the insurance industry, Zhu designed assignments in which they interviewed seasoned insurance veterans to assess Gen Z鈥檚 life insurance knowledge and needs. They analyzed and compared the offerings of Prudential鈥檚 key competitors to those of Prudential and generated a set of reports. 鈥淭hey did a lot of analysis before they could make a recommendation to Prudential,鈥 says Zhu.

Students then developed marketing campaigns for three distinct personas and presented their top ideas to a small team of Prudential executives. So impressed with the presentations was Prudential鈥檚 CMO, Phillip Edwards, he asked Zhu鈥檚 students to present their ideas to the entire Prudential marketing team. 鈥淭his was a really good networking opportunity for my students. They got to know a lot of people who work at Prudential. Hopefully they can even get job offers,鈥 says Zhu.

As a scholar, Zhu is adept at obtaining useful information from a variety of databases, as are her graduate students. Undergraduate students, however, tend to be intimidated by data. 鈥淭hey see research articles and they鈥檙e confused and scared,鈥 says Zhu. To allay their fears, she demystifies the research process by sharing her research methodology with students and helps them find a passion for asking questions.