Business Schools Of Asia Pacific Essay

2606 words - 11 pages

Summary
We have analyzed data on 25 business schools in Asia-Pacific to see if there is any relationship between the different variables and also analyzed the data on the variables themselves. The data was for 4129 students in institutions ranging from 12 to 463 students with an average age of 28.36 years. Some of these business schools offer a student to faculty ratio of as low as 2:1, with the average at 8.5:1. A number of these institutions also enroll foreign students and a majority of them have implemented higher tuition rates for their foreign students. A majority of the schools require their students to have work experience, while about half of them require the GMAT. Three of the ...view middle of the document...

Age:
The average age of students enrolled is 28.36 years. Indian Institute of Management (Ahmedabad) had the youngest at 22 years with Massey University (New Zealand) having the oldest at 37 years.
Students per faculty:
The average student per faculty is 8.48 students. Australian National University (Canberra) has the smallest ratio of 2 students per faculty and University of Adelaide has the highest ratio at 19 students per faculty.
% Foreign:
A total of three institutes in India do not have any foreign students at all. The Asian Institute of Management (Bangkok) has the highest enrollment of foreign students at 90 students.
Local Tuition:
The average local tuition is $12,374.92 with the median at $11,513. The lowest tuition is $1000 at Jamnalal Bajaj Institute of Management Studies (Bombay) and the highest is $33,060 at International University of Japan (Niigata).
Foreign Tuition:
The average foreign tuition is $16,581.80 with the median at $17,765. The lowest tuition is $1000 at Jamnalal Bajaj Institute of Management Studies (Bombay) and the highest is $33,060 at International University of Japan (Niigata).
Starting Salary:
The average starting salary is $37,292 with the median at $41,400. The lowest starting salaries are from Jamnalal Bajaj Institute of Management Studies (Bombay) at $7000, with the highest starting at $87,000 from International University of Japan (Niigata).

From the data shown in Statistical Analysis Table 2, we can infer the following about each qualitative variable set:
73% of the institutions required Work Experience, while 54% required the students to take the GMAT. 42% of the institutions required the GMAT and Work Experience. Only 12% of the institution required the students to have Work Experience and take the GMAT and English Test.
From Statistical Analysis Table 3 we can see 10 out of the 25 schools have the same local and foreign tuition costs. The rest vary from 9% to 455%.
From our data set analysis, we can see that students in institutions that require work experience have higher starting salaries than institutions that do not require work experience. With reference to Statistical Analysis Table 4, work experience related to an average $41,305 in starting salaries as opposed to $24,583 for starting salaries without any work experience.
We can refer to Statistical Analysis Table 5 to analyze whether English Test requirements have a bearing on Starting Salary. Looking at the data, we can see that students from institutions that require an English Test actually start off with a higher salary with an average $45,087 compared to students from institutions that do not required an English Test with an average $33,624.
We also tried to analyze if there was a relationship between tuition and starting salaries. Statistical Analysis Table 6 gives us the ratio of cost of local and foreign tuition in relation to starting salaries. Analyzing the data for local tuition, we can see that there is no...

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