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 t
The number of applicants for MBA courses at Asia Pacific schools continues to increase about 30% a year. In 1997, 74 busines
11,000 full time MBA degrees to be awarded in 1999. A main reason for the surge in demand is that an MBAcan graetly enhanc
Across the region, thousands of Asians show an increasing willingness to temporarily shelve their careers and spend two years
tough and include economics, , banking, marketing, behavioral sciences, labour relations, decision making, strategic thinking, b
which shows some of the characteristics of the leading Asia Pacific Business schools.

Full-
Time Student Local Foreign
Enrollm s per Tuition Tuitiion
Business School ent Faculty ($) ($)
Melbourne Business School 200 5 24,420 29,600
University of New South Wales (Sydney) 228 4 19,993 32,582
Indian Institute of Management (Ahmedabad) 392 5 4,300 4,300
Chinese University of Hong Kong 90 5 11,140 11,140
International University of Japan (Niigata) 126 4 33,060 33,060
Asian Institute of Management (Manila) 389 5 7,562 9,000
Indian Institute of Management (Bangalore) 380 5 3,935 16,000
National University of Singapore 147 6 6,146 7,170
Indian Institute of Management (Calcutta) 463 8 2,880 16,000
Australian National University (Canberra) 42 2 20,300 20,300
Nanyang Technological University (Singapore) 50 5 8,500 8,500
University of Queensland (Brisbane) 138 17 16,000 22,800
Hong Kong University of Science and Technology 60 2 11,513 11,513
Macquarie Graduate School of Management (Sydney) 12 8 17,172 19,778
Chulalongkorn University (Bangkok) 200 7 17,355 17,355
Monash Mt. Eliza Business School (Melbourne) 350 13 16,200 22,500
Asian Institute of Management (Bangkok) 300 10 18,200 18,200
University of Adelaide 20 19 16,426 23,100
Massey University (Palmerston North, New Zealand) 30 15 13,106 21,625
Royal Melbourne Institute of Technology Business Graduat 30 7 13,880 17,765
Jamnalal Bajaj Institute of Management Studies (Bombay) 240 9 1,000 1,000
Curtin Institute of Technology (Perth) 98 15 9,475 19,097
Lahore University of Management Sciences 70 14 11,250 26,300
Universiti Sains Malaysia (Penang) 30 5 2,260 2,260
De La Salle University (Manila) 44 17 3,300 3,600

Case Questions: Use the methods of descriptive statistics to summarize tha data given above. Discuss your findings

1) Include a summary for each variable in the data set. Make comments and interpretations based on maximums and m
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.
 Any difference between mean starting salaries for
b) schools requiringbetween
Any difference and not requiring work experience.
starting salaries for schools
c) requiring and not requiring English tests.

3) Present any additional graphical and numerical summaries that will be beneficial in communicating the ava
 and more Asians choose the Masters of Bosiness Administrtion degree route to corporate success.
a year. In 1997, 74 business schools in Asia Pacific region reported a record 1,70,000 applications for the
an MBAcan graetly enhance earning power.
areers and spend two years in pursuit of theoritical business qulification. Courses in these schools are notoriously
making, strategic thinking, business law and more. Asia Inc, provided the data set in the following table,

Work Starting
%Forei English Experie Salary
Age gn GMAT Test nce ($)
28 47 Yes No Yes 71,400
29 28 Yes No Yes 65,200
22 0 No No No 7,100
29 10 Yes No No 31,000
28 60 Yes Yes No 87,000
25 50 Yes No Yes 22,800
23 1 Yes No No 7,500
29 51 Yes Yes Yes 43,300
23 0 No No No 7,400
30 80 Yes Yes Yes 46,600
32 20 Yes No Yes 49,300
32 26 No No Yes 49,600
26 37 Yes No Yes 34,000
34 27 No No Yes 60,100
25 6 Yes No Yes 17,600
30 30 Yes Yes Yes 52,500
29 90 No Yes Yes 25,000
30 10 No No Yes 66,000
37 35 No Yes Yes 41,400
32 30 No Yes Yes 48,900
24 0 No No Yes 7,000
29 43 Yes No Yes 55,000
23 2.5 No No No 7,500
32 15 No Yes Yes 16,000
28 3.5 Yes No Yes 13,100

uss your findings

based on maximums and minimums, as well as the appropriate means. What new insight do these
n communicating the available data set.
 Full-Time Students per Local Tuition Foreign
Enrollment Faculty ($) Tuitiion ($)

Mean 165.16 Mean 8.48 Mean 12374.92 Mean 16581.8

Standard Standard
Standard Error 28.168225598 Error 1.011797 Standard Error 1555.685 Error 1826.969
Median 126 Median 7 Median 11513 Median 17765
Mode 30 Mode 5 Mode #N/A Mode 16000
Standard Standard Standard Standard
Deviation 140.84112799 Deviation 5.058985 Deviation 7778.423 Deviation 9134.846
Sample Sample Sample
Sample Variance 19836.223333 Variance 25.59333 Variance 60503872 Variance 83445412
Kurtosis -0.751273971 Kurtosis -0.705506 Kurtosis 0.50614 Kurtosis -0.712664
Skewness 0.756612995 Skewness 0.762104 Skewness 0.622248 Skewness -0.011677
Range 451 Range 17 Range 32060 Range 32060
Minimum 12 Minimum 2 Minimum 1000 Minimum 1000
Maximum 463 Maximum 19 Maximum 33060 Maximum 33060
Sum 4129 Sum 212 Sum 309373 Sum 414545
Count 25 Count 25 Count 25 Count 25
Largest(1) 463 Largest(1) 19 Largest(1) 33060 Largest(1) 33060
Smallest(1) 12 Smallest(1) 2 Smallest(1) 1000 Smallest(1) 1000
 Starting
Age %Foreign Salary ($)

Mean 28.36 Mean 28.08 Mean 37292

Standard Standard
Error 0.756924 Standard Error 5.001723 Error 4691.850808
Median 29 Median 27 Median 41400
Mode 29 Mode 0 Mode 7500
Standard Standard Standard
Deviation 3.784618 Deviation 25.00862 Deviation 23459.25404
Sample Sample Sample
Variance 14.32333 Variance 625.4308 Variance 550336600
Kurtosis -0.266335 Kurtosis 0.331388 Kurtosis -0.93172626
Skewness 0.117445 Skewness 0.869773 Skewness 0.222902983
Range 15 Range 90 Range 80000
Minimum 22 Minimum 0 Minimum 7000
Maximum 37 Maximum 90 Maximum 87000
Sum 709 Sum 702 Sum 932300
Count 25 Count 25 Count 25
Largest(1) 37 Largest(1) 90 Largest(1) 87000
Smallest(1) 22 Smallest(1) 0 Smallest(1) 7000
 Data
Business School Average - Local TuitionAverage - Foreign Tuiti
Asian Institute of Management (Bangkok) 18,200 18,200
Asian Institute of Management (Manila) 7,562 9,000
Australian National University (Canberra) 20,300 20,300
Chinese University of Hong Kong 11,140 11,140
Chulalongkorn University (Bangkok) 17,355 17,355
Curtin Institute of Technology (Perth) 9,475 19,097
De La Salle University (Manila) 3,300 3,600
Hong Kong University of Science and Technology 11,513 11,513
Indian Institute of Management (Ahmedabad) 4,300 4,300
Indian Institute of Management (Bangalore) 3,935 16,000
Indian Institute of Management (Calcutta) 2,880 16,000

International University of Japan (Niigata) 33,060 33,060

Jamnalal Bajaj Institute of Management Studies (Bo 1,000 1,000

Lahore University of Management Sciences 11,250 26,300

Macquarie Graduate School of Management (Sydney 17,172 19,778

Massey University (Palmerston North, New Zealand) 13,106 21,625
Melbourne Business School 24,420 29,600
Monash Mt. Eliza Business School (Melbourne) 16,200 22,500
Nanyang Technological University (Singapore) 8,500 8,500

National University of Singapore 6,146 7,170

Royal Melbourne Institute of Technology Business G 13,880 17,765
Universiti Sains Malaysia (Penang) 2,260 2,260
University of Adelaide 16,426 23,100
University of New South Wales (Sydney) 19,993 32,582
University of Queensland (Brisbane) 16,000 22,800
Total Result 12,375 16,582
Difference between local and foreign tution
fee
0
1438
0
0
0
9622
300
0
0
12065
13120
0

0
15050

2606

8519
5180
6300
0
1024

3885
0
6674
12589
6800
4206.88
Mean 28385.06

Diff 8906.936
 100000
80000
60000
Business School 40000
Asian Institute of Management (Bangkok) 20000
Asian Institute of Management (Manila) 0
l ) g ) y ) ) s ) )
Australian National University (Canberra) choo nila Kon erth olog lore gata nce land urne
a P a i ci e a
Chinese University of Hong Kong sS M ng ( hn
an
g
(N
i
Ze el
bo in
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is n e of ol d t ( p a e e l ( M o
Chulalongkorn University (Bangkok)Bu m y hn an en Ja em th, N hoo ity
ge sit ec e m of ag rs a
Curtin Institute of Technology (Perth) ana niver of T ienc age sity a n N o r
s S c
n i ve
i nsM
M U te fS
c an r M on es U Sa
De La Salle University (Manila) of s e tu o M nive y of rst s in nal ti
e ti f t u i fN
ut ne s ity o U rs
i e B
ati
o rs
Hong Kong University of Sciencestitand Chi
Technology n
In
e rs ute nal v e a lm
i z a N i ve ity o
In rti iv tit o
ati e U
ni (P El Un ers
Indian Institute of Management
is a
n (Ahmedabad) Cu Un Ins rn r s ity Mt. iv
A o ng i an Inte aho i v er s h Un
Indian Institute of Management (Bangalore) K
In
d L n na
o ng y U Mo
Indian Institute of Management (Calcutta) H s e
as
International University of Japan (Niigata) M
Jamnalal Bajaj Institute of Management Studies (Bombay)
Lahore University of Management Sciences
Macquarie Graduate School of Management (Sydney)
Massey University (Palmerston North, New Zealand)
Melbourne Business School
Monash Mt. Eliza Business School (Melbourne)
Nanyang Technological University (Singapore)
National University of Singapore
Royal Melbourne Institute of Technology Business Graduate School
Universiti Sains Malaysia (Penang)
University of Adelaide
University of New South Wales (Sydney)
University of Queensland (Brisbane)
Total Result
 Data
Sum - Students per Faculty Sum - Local Tuition ($) Sum - Foreign Tuitiion ($) Sum - Starting Salary ($)
10 18,200 18,200 25,000
5 7,562 9,000 22,800
h) g y e ) a ) e s d ) e ) re g ) y)
ol
o lo
r a t nc la
n
ur
n po 2an ne
Data20,300 20,300 46,600
hn ga N iig cie Zea bo nga Pen (S yd
c a n ( S e l i ( 5 11,140
Column F 11,140 31,000
Te (B an
t
en New l (M ofS si a le
s
t p y a
en Ja em th, oo rsit
y
al
a W7 17,355
Column G 17,355 17,600
em of n ag o r ch e M u th Column H
g ity a N S
ni
v s So 15 9,475 19,097 55,000
rs M n e ss U a in
ive o f t o n l S w 17 3,300 3,600 13,100
rs si na iti e
Un rsity me Bu tio vers o fN
l a a 2 11,513 11,513 34,000
ive (P
a liz N i
Un ers
ity
Un ity t .E
i v 5 4,300 4,300 7,100
e rs M
i ve s h Un
Un
a 5 3,935 16,000 7,500
on
ey M 8 2,880 16,000 7,400
4 33,060 33,060 87,000
9 1,000 1,000 7,000
14 11,250 26,300 7,500
8 17,172 19,778 60,100
15 13,106 21,625 41,400
5 24,420 29,600 71,400
13 16,200 22,500 52,500
5 8,500 8,500 49,300
6 6,146 7,170 43,300
7 13,880 17,765 48,900
5 2,260 2,260 16,000
19 16,426 23,100 66,000
4 19,993 32,582 65,200
17 16,000 22,800 49,600
212 309,373 414,545 932,300