Business Schools of Asia Pacific_G7

BUSINESS SCHOOLS OF ASIA-PACIFIC

--A Statistical Analysis by • Abhilasha Bhatt

• Subha Mookherjee

• Suchi Subhra Datta

• Swarup Krishna U

Case Description

A Survey has been conducted regarding the higher education in MBA in the Asian region. Here are some findings after the survey: The no of applicants for MBA courses at Asia-Pacific Schools

continues to increase about 30% a year. In 1997, the 74 business schools in the Asia Pacific region

reported a record of 170,000 applicants for the 11,000 full time MBA degrees to be awarded in 1999.

Courses in these schools are notoriously tough and include Economics, Banking, Marketing, Behavioral Sciences etc.

The survey reveals a detailed report regarding taking into account various criteria.

Asia-Pacific Business School Analysis 2

Objectives of the Case Study

1. Comments/Interpretations on the variables and resulting insights on the Asia-pacific business schools.

2. Summarization of data to comparea. Local and Foreign tuition costs.b. Mean starting salaries and work-experiencec. Starting salaries and English tests

3. Relation between starting salaries and tuition.

4. Graphical and Numerical summaries on the basis of the case.



Business SchoolFull-Time

Enrollment

Students per

Faculty

Local Tuition

($)

Foreign Tuitiion

($) Age %Foreign GMATEnglish

TestWork

ExperienceStarting

Salary ($)

Melbourne Business School 200 5 24,420 29,600 28 47 Yes No Yes 71,400

University of New South Wales (Sydney) 228 4 19,993 32,582 29 28 Yes No Yes 65,200

Indian Institute of Management (Ahmedabad) 392 5 4,300 4,300 22 0 No No No 7,100

Chinese University of Hong Kong 90 5 11,140 11,140 29 10 Yes No No 31,000

International University of Japan (Niigata) 126 4 33,060 33,060 28 60 Yes Yes No 87,000

Asian Institute of Management (Manila) 389 5 7,562 9,000 25 50 Yes No Yes 22,800

Indian Institute of Management (Bangalore) 380 5 3,935 16,000 23 1 Yes No No 7,500

National University of Singapore 147 6 6,146 7,170 29 51 Yes Yes Yes 43,300

Indian Institute of Management (Calcutta) 463 8 2,880 16,000 23 0 No No No 7,400

Australian National University (Canberra) 42 2 20,300 20,300 30 80 Yes Yes Yes 46,600

Nanyang Technological University (Singapore) 50 5 8,500 8,500 32 20 Yes No Yes 49,300

University of Queensland (Brisbane) 138 17 16,000 22,800 32 26 No No Yes 49,600

Hong Kong University of Science and Technology 60 2 11,513 11,513 26 37 Yes No Yes 34,000

Macquarie Graduate School of Management (Sydney) 12 8 17,172 19,778 34 27 No No Yes 60,100

Chulalongkorn University (Bangkok) 200 7 17,355 17,355 25 6 Yes No Yes 17,600

Monash Mt. Eliza Business School (Melbourne) 350 13 16,200 22,500 30 30 Yes Yes Yes 52,500

Asian Institute of Management (Bangkok) 300 10 18,200 18,200 29 90 No Yes Yes 25,000

University of Adelaide 20 19 16,426 23,100 30 10 No No Yes 66,000

Massey University (Palmerston North, New Zealand) 30 15 13,106 21,625 37 35 No Yes Yes 41,400

Royal Melbourne Institute of Technology Business Graduate School 30 7 13,880 17,765 32 30 No Yes Yes 48,900

Jamnalal Bajaj Institute of Management Studies (Bombay) 240 9 1,000 1,000 24 0 No No Yes 7,000

Curtin Institute of Technology (Perth) 98 15 9,475 19,097 29 43 Yes No Yes 55,000

Lahore University of Management Sciences 70 14 11,250 26,300 23 2.5 No No No 7,500

Universiti Sains Malaysia (Penang) 30 5 2,260 2,260 32 15 No Yes Yes 16,000

De La Salle University (Manila) 44 17 3,300 3,600 28 3.5 Yes No Yes 13,100

No of Students

Asian

Inst

itute

of M

anag

emen

t (Ban

gkok

)

Asian

Inst

itute

of M

anag

emen

t (Man

ila)

Austra

lian

Natio

nal U

nive

rsity

(Can

berra

)

Chine

se U

nive

rsity

of H

ong

Kong

Chula

long

korn

Uni

vers

ity (B

angk

ok)

Curtin

Inst

itute

of T

echn

olog

y (P

erth

)

De La

Sal

le U

nive

rsity

(Man

ila)

Hong

Kong

Unive

rsity

of S

cien

ce a

nd T

echn

olog

y

Indi

an In

stitu

te o

f Man

agem

ent (

Ahmed

abad

)

Indi

an In

stitu

te o

f Man

agem

ent (

Banga

lore

)

Indi

an In

stitu

te o

f Man

agem

ent (

Calcu

tta)

Inte

rnat

iona

l Uni

vers

ity o

f Jap

an (N

iigat

a)

Jam

nala

l Baj

aj In

stitu

te o

f Man

agem

ent S

tudi

es (B

omba

y)

Laho

re U

nive

rsity

of M

anag

emen

t Scie

nces

Macqu

arie

Gra

duat

e Sc

hool

of M

anag

emen

t (Sy

dney

)

Masse

y Uni

vers

ity (P

alm

erst

on N

orth

, New

Zea

land

)

Melbo

urne

Bus

ines

s Sch

ool

Monas

h Mt.

Eliza

Bus

ines

s Sch

ool (

Melbo

urne

)

Nanya

ng T

echn

olog

ical

Uni

vers

ity (S

inga

pore

)

Natio

nal U

nive

rsity

of S

inga

pore

Royal

Mel

bour

ne In

stitu

te o

f Tec

hnol

ogy

Busin

ess Gra

duat

e Sc

hool

Unive

rsiti

Sai

ns M

alay

sia

(Pen

ang)

Unive

rsity

of A

dela

ide

Unive

rsity

of N

ew S

outh

Wal

es (S

ydne

y)

Unive

rsity

of Q

ueen

slan

d (B

risba

ne)

300

389

42

392

200

98

44 6090

380

463

126

240

70

12 30

200

350

50

147

30 30 20

228

138


Full-Time Enrollment

0

100

200

300

400

500 463

12




Summary of Full-Time Enrollment

MaximumNo of Students 463

College Indian Institute of Management Calcutta

Starting Salary $7400

Average Age 23

Minimum No of Students 12

College Macquarie Graduate School of Management (Sydney)

Starting Salary $60,100

Average Age 34


Interpretation of Full-Time Enrollment

Full-time enrollment varies considerably. The Indian Institute of Management Calcutta

(463) and the Macquaire Graduate School of Management in Sydney (12) provide the extremes.

The mean full-time enrollment is 164 students. A standard deviation of 143 indicates that the

full-time enrollment clusters within 143 students around the mean of 164 students.


Students/Faculty & No. of Faculty


AIM (B

angk

ok)

AIM(M

anila

)

ANU (Can

berra

)

CIT (P

erth

)

CU (Ban

gkok

)

CUHKDLS

U

HKUSTIIM

AIIM

BIIM

C

IUJ (

Niigat

a)

JBIM

S

LUMS

MBS

MGSM

MMEB

S (M

elbo

urne

)

MU (Pal

mer

ston

Nor

th, N

ew Z

eala

nd)

NTU (S

inga

pore

)NUS

RMITBGS UA

UNSW (S

ydne

y)

UOQ (Bris

bane

)

USM (P

enan

g)

105

2

15

7 5

17

25 5

84

914

58

13 15

5 6 7

19

4

17

5

30

78

21

7

28

18

3

30

77 76

58

32

26

5

50

1

27

2

10

25

41

47

8 6

Students per Faculty No of Faculty

Interpretation of Students/faculty

Maximum

Students/Faculty 19College University of AdelaideNo. of faculty in that college 1

No. of Faculty 78College Asian Institute of

Management (Manila)Students/Faculty in that College 5

Minimum

No. of Faculty 1College University of AdelaideStudents/Faculty in that College

19

MeanStudents/Faculty 2

College Australian National University (Canberra)

Hong Kong University of Science and Technology

No. of faculty in that colleges 21 & 30

The mean no. of students/faculty is

8.15 which is indicates a good access to faculty.


Local & Foreign Tuition

Melbourne Business SchoolUniversity 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 Science and TechnologyMacquarie Graduate School of Management (Sydney)

Chulalongkorn University (Bangkok)Monash Mt. Eliza Business School (Melbourne)

Asian Institute of Management (Bangkok)University of Adelaide

Massey University (Palmerston North, New Zealand)Royal Melbourne Institute of Technology Business Graduate School

Jamnalal Bajaj Institute of Management Studies (Bombay)Curtin Institute of Technology (Perth)

Lahore University of Management SciencesUniversiti Sains Malaysia (Penang)

De La Salle University (Manila)

0 20,000 40,000

Difference between Local and Foreign TuitionForeign Tuition ($)Local Tuition ($)


Difference between Local & Foreign Tuition

0

1438

0 0 0

9622

300 0 0

1206513120

0 0

15050

2606

8519

51806300

01024

3885

0

6674

12589

6800

Total Total


Foreign Tuition($) and Local tuition($)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 250

10000

20000

30000

40000

50000

60000

70000

Foreign Tuitiion ($)Local Tuition ($)Business School


Difference between Local & Foreign Tuition

0

2000

4000

6000

8000

10000

12000

14000

16000

Total

Total


Interpretation

As expected, the mean tuition is greater for foreign students. The mean difference is $17,215 - $ 13,170 = $4,045 per year.

The difference between local and foreign tuition fees is maximum for Lahore University of Management Studies.


Age AIM (Bangkok)AIM(Manila)

ANU (Canberra)

CIT (Perth)

CU (Bangkok)

CUHK

DLSU

HKUST

IIMA

IIMB

IIMC

IUJ (Niigata)

JBIMSLUMS

MBS

MGSM

MMEBS (Melbourne)

MU (Palmerston North, New Zealand)

NTU (Singapore)

NUS

RMITBGS

UA

UNSW (Sydney)

UOQ (Brisbane)

USM (Penang)

0

20

40

29

2530

29

25

29

28

26

22

23

23

282423

2834

30

37

32

29

32

30

29

32

32

Total


Age


0 5 10 15 20 25 300

5

10

15

20

25

30

35

40

Series1Linear (Series1)

Interpretation on Age

Most of the students are in the age-group of 25-30.

The mean age is 28.69 years and median age is 29. This indicates a substantial number of older students are in the programs.

We can also say from the age-group that more than fifty percent of the MBA students must be having work-experience.


% of Foreign Students

The mean percentage of foreign students is 28%, with four schools having 1% or 0% foreign students.

Schools with a high percentage of foreign students include Australian National University (80%) and Asian Institute of Management in Bangkok (90%).



Percentage distribution of B-Schools requiring GMAT 56%

44%

Percentage distribution of Business Schools requiring GMAT

YesNo

GMAT


Local Tuition ($) Foreign Tuition ($) Starting Salary ($)0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

YES NO

GMAT Local Tuition ($)

Foreign Tuition ($)

Starting Salary ($)

YES 13,779 17,244 42,593 NO 10,589 15,739 30,545


76%

24%

Percentage distribution of Business Schools Requiring Work Expe-rience

YesNo

Work Experience


Local Tuition ($) Foreign Tuitiion ($) Starting Salary ($)0

5000

10000

15000

20000

25000

30000

35000

40000

45000

NOYES

WorkExperience

Local Tuition ($)

Foreign Tuitiion ($)

Starting Salary ($)

NO 11,094 17,800 24,583YES 12,779 16,197 41,305


English Tests

32%

68%

Percentage distribution of Business Schools requiring English Test

YesNo


English Test Local Tuition ($)


Starting Salary ($)

NO 10,954 15,980 33,624

YES 15,394 17,860 45,088

Local Tuition ($) Foreign Tuitiion ($) Starting Salary ($)0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

NOYES

Interpretation : GMAT, Work-ex and English Tests

About half of the schools (56%) require the GMAT test for admission to the school.

Work experience appears to be an important factor in gaining admission to Asia-Pacific business schools, with 76% requiring work experience. This is consistent with item where the mean age was noted to be 28.36 years.

English tests are required only in 32% of the schools.

However, the mean starting salary is greater for schools that require English tests. The mean is $45,088 for the 8 schools requiring English tests and the mean is $33,624 for schools not requiring English Tests.


Starting Salaries


Interpretation : Starting Salaries

The mean starting salary is $37,292 and the median starting salary is $41,400.

Starting salary ranges from only $7,000 for four schools to a high of $87,000 at the International University of Japan.


Salaries w.r.t. work-experience


Interpretation : Work Experience and Salaries

The mean starting salary is greater for schools that require work experience.

This appears reasonable with mean of $37,247 for the 19 schools requiring work experience and $21,071 for the 7 schools not requiring work experience.



Local Tuition

($)Foreign Tuitiion

($)Age Starting Salary($)

Mean 12,375 16,582 28 37,292

Median

11,513(Hong Kong University

of Science and Technology)

17,765(Royal Melbourne Institute

of Technology Business Graduate School)

2941,400

(Massey University, Palmerston North, New

Zealand)

Min1,000

(Jamnalal Bajaj Institute of Management Studies,

Bombay)

1,000(Jamnalal Bajaj Institute of

Management Studies, Bombay)

22(Indian Institute of

Management Ahmedabad)

7,000(Jamnalal Bajaj Institute of

Management Studies, Bombay)

Max33,060

(International University of Japan, Niigata)

33,060(International University of

Japan, Niigata)

37Massey University,

Palmerston North, New Zealand)

87,000(International University of

Japan, Niigata)

Business SchoolFull-Time Enrollme

nt

Local Tuition

($)

Foreign Tuitiion

($)

Starting Salary

($)

Average Wt Fee

($)

Salary / Tuition

Fee

International University of Japan (Niigata) 126 33,060 33,060 87,000 33,060 3

Melbourne Business School 200 24,420 29,600 71,400 26,855 3

University of New South Wales (Sydney) 228 19,993 32,582 65,200 23,518 3

Australian National University (Canberra) 42 20,300 20,300 46,600 20,300 2

Asian Institute of Management (Bangkok) 300 18,200 18,200 25,000 18,200 1

Monash Mt. Eliza Business School (Melbourne) 350 16,200 22,500 52,500 18,090 3

Macquarie Graduate School of Management (Sydney) 12 17,172 19,778 60,100 17,876 3

University of Queensland (Brisbane) 138 16,000 22,800 49,600 17,768 3

Chulalongkorn University (Bangkok) 200 17,355 17,355 17,600 17,355 1


0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

Starting Salary ($) Average Wt Fee ($)


Salary and Fee

Business School Full-Time Enrollment

Local Tuition ($)


%Foreign Starting Salary ($)

Average Wt Fee ($)

Salary / Tuition Fee

Jamnalal Bajaj Institute of Management Studies (Bombay)

240 1,000 1,000 0 7,000 1,000 7

Universiti Sains Malaysia (Penang) 30 2,260 2,260 0 16,000 2,260 7

Indian Institute of Management (Calcutta) 463 2,880 16,000 0 7,400 2,880 3

De La Salle University (Manila) 44 3,300 3,600 0 13,100 3,311 4

Indian Institute of Management (Bangalore) 380 3,935 16,000 0 7,500 4,056 2

Indian Institute of Management (Ahmedabad) 392 4,300 4,300 0 7,100 4,300 2


Jamnalal Bajaj Institute of Man-agement Studies

(Bombay)

Universiti Sains Malaysia (Penang)

Indian Institute of Management

(Calcutta)

De La Salle University (Manila)

Indian Institute of Management (Bangalore)

Indian Institute of Management (Ahmedabad)

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

0

1

2

3

4

5

6

7

8

Starting Salary ($) Average Wt Fee ($)

Return on Investment


Return of Investment for Local Students

0 5 10 15 20 25 300

1

2

3

4

5

6

7

8

0.67

7.08

Starting Salary/Local Tuition

Starting Salary/Local TuitionLinear (Starting Salary/Local Tuition)


Return of Investment for Local Students

Return of Investment for Foreign Students

0 5 10 15 20 25 300

1

2

3

4

5

6

7

8

0.29

7.08

Starting Salary/Foreign Tuition

Starting Salary/Foreign TuitionLinear (Starting Salary/Foreign Tuition)


Return of Investment for Foreign Students


THANK YOU

Business Schools of Asia Pacific_G7

Documents

jamnalal bajaj

hong kong

eliza business

australian

royal melbourne

pacific business

work experience

indian institute