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 continues to increase about 30% a year. In 2005, 74 business 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 of theoretical business qualification. Courses in these schools are notoriously tough and include economics, 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 Management (Manila) Indian Institute of Management (Bangalore) National University of Singapore Indian Institute of Management (Calcutta) Australian National University (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 Management (Bangkok) University of Adelaide

Full-Time Enrollmen t
200 228 392 90 126 389 380 147 463 42 50 138 60 12 200 350 300 20

Student s per Faculty

5 4 5 5 4 5 5 6 8 2 5 17 2 8 7 13 10 19

Local Tuitio n ($)

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 16,200 18,200 16,426

Foreig n Tuitiio n ($)

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 22,500 18,200 23,100

Age
28 29 22 29 28 25 23 29 23 30 32 32 26 34 25 30 29 30

%Foreig n
47 28 0 10 60 50 1 51 0 80 20 26 37 27 6 30 90 10

GMA T
Yes Yes No Yes Yes Yes Yes Yes No Yes Yes No Yes No Yes Yes No No

Englis h Test
No No No No Yes No No Yes No Yes No No No No No Yes Yes No

Work Experienc e
Yes Yes No No No Yes No Yes No Yes Yes Yes Yes Yes Yes Yes Yes Yes

Startin g Salary ($)

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 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 30 240 98 70 30 44

15 7 9 15 14 5 17

13,106 13,880 1,000 9,475 11,250 2,260 3,300

21,625 17,765 1,000 19,097 26,300 2,260 3,600

37 32 24 29 23 32 28

35 30 0 43 2.5 15 3.5

No No No Yes No No Yes

Yes Yes No No No Yes No

Yes Yes Yes Yes No Yes Yes

41,400 48,900 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.