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.
Asia-Pacific Business School Analysis 3
Asia-Pacific Business School Analysis 4
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
Asia-Pacific Business School Analysis 5
Full-Time Enrollment
0
100
200
300
400
500 463
12
Full-Time Enrollment
Full-Time Enrollment
Asia-Pacific Business School Analysis 6
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
Asia-Pacific Business School Analysis 7
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.
Asia-Pacific Business School Analysis 8
Students/Faculty & No. of Faculty
Asia-Pacific Business School Analysis 9
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.
Asia-Pacific Business School Analysis 10
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 ($)
Asia-Pacific Business School Analysis 11
Difference between Local & Foreign Tuition
0
1438
0 0 0
9622
300 0 0
1206513120
0 0
15050
2606
8519
51806300
01024
3885
0
6674
12589
6800
Total Total
Asia-Pacific Business School Analysis 12
Foreign Tuition($) 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
Asia-Pacific Business School Analysis 14
Difference between Local & Foreign Tuition
0
2000
4000
6000
8000
10000
12000
14000
16000
Total
Total
Asia-Pacific Business School Analysis 15
Interpretation
As expected, the mean tuition is greater for foreign students. The mean difference is $17,215 - $ 13,170 = $4,045 per year.
The difference between local and foreign tuition fees is maximum for Lahore University of Management Studies.
Asia-Pacific Business School Analysis 16
Age AIM (Bangkok)AIM(Manila)
ANU (Canberra)
CIT (Perth)
CU (Bangkok)
CUHK
DLSU
HKUST
IIMA
IIMB
IIMC
IUJ (Niigata)
JBIMSLUMS
MBS
MGSM
MMEBS (Melbourne)
MU (Palmerston North, New Zealand)
NTU (Singapore)
NUS
RMITBGS
UA
UNSW (Sydney)
UOQ (Brisbane)
USM (Penang)
0
20
40
29
2530
29
25
29
28
26
22
23
23
282423
2834
30
37
32
29
32
30
29
32
32
Total
Asia-Pacific Business School Analysis 17
Age
Asia-Pacific Business School Analysis 18
0 5 10 15 20 25 300
5
10
15
20
25
30
35
40
Series1Linear (Series1)
Interpretation on Age
Most of the students are in the age-group of 25-30.
The mean age is 28.69 years and median age is 29. This indicates a substantial number of older students are in the programs.
We can also say from the age-group that more than fifty percent of the MBA students must be having work-experience.
Asia-Pacific Business School Analysis 19
% of Foreign Students
The mean percentage of foreign students is 28%, with four schools having 1% or 0% foreign students.
Schools with a high percentage of foreign students include Australian National University (80%) and Asian Institute of Management in Bangkok (90%).
Asia-Pacific Business School Analysis 20
Asia-Pacific Business School Analysis 21
Percentage distribution of B-Schools requiring GMAT 56%
44%
Percentage distribution of Business Schools requiring GMAT
YesNo
GMAT
Asia-Pacific Business School Analysis 22
Local Tuition ($) 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 ($)
YES 13,779 17,244 42,593 NO 10,589 15,739 30,545
Asia-Pacific Business School Analysis 23
76%
24%
Percentage distribution of Business Schools Requiring Work Expe-rience
YesNo
Work Experience
Asia-Pacific Business School Analysis 24
Local Tuition ($) Foreign Tuitiion ($) Starting Salary ($)0
5000
10000
15000
20000
25000
30000
35000
40000
45000
NOYES
WorkExperience
Local Tuition ($)
Foreign Tuitiion ($)
Starting Salary ($)
NO 11,094 17,800 24,583YES 12,779 16,197 41,305
Asia-Pacific Business School Analysis 25
English Tests
32%
68%
Percentage distribution of Business Schools requiring English Test
YesNo
Asia-Pacific Business School Analysis 26
English Test Local Tuition ($)
Foreign Tuitiion ($)
Starting Salary ($)
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.
Asia-Pacific Business School Analysis 27
Starting Salaries
Asia-Pacific Business School Analysis 28
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.
Asia-Pacific Business School Analysis 29
Salaries w.r.t. work-experience
Asia-Pacific Business School Analysis 30
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 $21,071 for the 7 schools not requiring work experience.
Asia-Pacific Business School Analysis 31
Asia-Pacific Business School Analysis 32
Local Tuition
($)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
Asia-Pacific Business School Analysis 33
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 ($) Average Wt Fee ($)
Asia-Pacific Business School Analysis 34
Salary and Fee
Business School Full-Time Enrollment
Local Tuition ($)
Foreign Tuitiion ($)
%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
Asia-Pacific Business School Analysis 35
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
Asia-Pacific Business School Analysis 36
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)
Asia-Pacific Business School Analysis 37
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)
Asia-Pacific Business School Analysis 38
Return of Investment for Foreign Students
Asia-Pacific Business School Analysis 39
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