Case study - Business Schools of Asia Pacific The pursuit of a higher education degree in business is now international. A survey shows that more and more Asians choose the Masters of Business Administration degree route to corporate success (Asia, Inc., September 2005). The number of applicants for MBA courses at Asia Pacific schools schools continues continues to increase about 30% a year. year. In 2005, 74 business schools schools in Asia Pacific region reported a record 1,70,000 applications for the 11,000 full time MBA degrees to be awarded in 2007. A main reason for the surge in demand is that an MBA can greatly enhance earning power. Across the region, thousands of Asians show an increasing willingness to temporarily shelve their careers and spend two years in pursuit pursuit of theoretic theoretical al business business qualificat qualification. ion. Courses Courses in these these schools schools are notorious notoriously ly tough tough and include include economics economics,, banking, banking, marketing, behavioral sciences, labour relations, decision making, strategic thinking, business law and more. Asia Inc. provided the data set in the following table, which shows some of the characteristics of the leading Asia Pacific Business schools.
Business School Melbourne Business School University of New South Wales (Sydney) Indian Institute of Management (Ahmedabad) Chinese University of Hong Kong International University of Japan (Niigata) Asian Institute of of Management (Manila) (Manila) Indian Institute of Management (Bangalore) National University of Singapore Indian Institute of Management (Calcutta) Australian National National University (Canberra) (Canberra) Nanyang Technological University (Singapore) University of Queensland (Brisbane) Hong Kong University of Technology Macquarie Graduate School of Management Chulalongkorn University (Bangkok) Monash Mt. Eliza Business School (Melbourne) Asian Institute of of Management (Bangkok) (Bangkok) University of Adelaide
Full-Time Enrollmen t
Student s per Faculty
Local Tuitio n ($)
Foreig n Tuitiio n ($)
Englis h Test
Work Experienc e
Startin g Salary ($)
Age
%Foreig n
GMA T
200 228 392 90 126 389 380 147 463 42 50 138 60 12 200
5 4 5 5 4 5 5 6 8 2 5 17 2 8 7
24,420 19,993 4,300 11,140 33,060 7,562 3,935 6,146 2,880 20,300 8,500 16,000 11,513 17,172 17,355
29,600 32,582 4,300 11,140 33,060 9,000 16,000 7,170 16,000 20,300 8,500 22,800 11,513 19,778 17,355
28 29 22 29 28 25 23 29 23 30 32 32 26 34 25
47 28 0 10 60 50 1 51 0 80 20 26 37 27 6
Ye s Ye s No Yes Yes Yes Ye s Ye s No Yes Ye s No Ye s No Ye s
No No No No Yes No No Ye s No Yes No No No No No
Ye s Ye s No No No Yes No Yes No Yes Ye s Ye s Ye s Ye s Ye s
71,400 65,200 7,100 31,000 87,000 22,800 7,500 43,300 7,400 46,600 49,300 49,600 34,000 60,100 17,600
350 300 20
13 10 19
16,200 18,200 16,426
22,500 18,200 23,100
30 29 30
30 90 10
Ye s No No
Ye s Yes No
Ye s Yes Ye s
52,500 25,000 66,000
Massey University (New Zealand) Royal Melbourne Institute of Business School Jamnalal Bajaj Institute of Management Studies Curtin Institute of Technology (Perth) Lahore University of Management Sciences Universiti Sains Malaysia (Penang) De La Salle University (Manila)
30
15
13,106
21,625
37
35
No
Yes
Yes
41,400
30
7
13,880
17,765
32
30
No
Yes
Yes
48,900
240 98 70 30 44
9 15 14 5 17
1,000 9,475 11,250 2,260 3,300
1,000 19,097 26,300 2,260 3,600
24 29 23 32 28
0 43 2.5 15 3.5
No Yes No No Yes
No No No Yes No
Yes Yes No Yes Yes
7,000 55,000 7,500 16,000 13,100
Questions for Discussion 1. Design a summary for each variable in the data set. Make comments and interpretations based on maximums and minimums, as well as the appropriate means. What new insight do these descriptive statistics provide concerning Asia-Pacific Business schools? 2. Summarize the data to compare the following: a. Any difference between local and foreign tuition cost. b. Any difference between mean starting salaries for schools requiring and not requiring work experience. c. Any difference between starting salaries for schools requiring and not requiring English tests. 3. Present any additional graphical and numerical summaries that will be beneficial in communicating the available data set.
