BUSINESS SCHOOLS OF ASIA PACIFIC

[Quantitative Technique – Managerial Report]

AUGUST 13, 2022

GROUP - 1B | PGDM 2022-2024
Roll No. 150090 | 150093 | 150098 | 150101 | 150105 | 150109
 Introduction
The pursuit of a higher education degree in education is now international. A survey shows
that more and Asian choose the Master of Business Administration (MBA) degree to route
corporate Success. As a result, the number of applicants for MBA courses Asia Pacific
schools continue to increase.
Across the reason, thousand of Asians show and increasing willingness to temporarily selves
their career and spent two years in pursuit of a theoretical business qualification, Courses in
these schools are notoriously tough and includes economic, banking, marketing, behavioural
science, behavioural science, labour relation, decision making, strategic thinking, business
law and more.

 Include a summary for each Variable in Data Set. Make comments and
interpretation based on Maximums and Minimums, as well as the
appropriate means and proportions. What new insights do these
descriptive statistics providing concerning Asia-Pacific Business
Schools?

 Summary for each Variable in Data Set

Variable Qualitative Quantitative Discrete Continuous

Full-Time Enrolment * *
Students Per Faculty * *
Local Tuition ($) * *
Foreign Tuition ($) * *
Age * *
% Foreign * *
GMAT *
English Test *
Work Experience *
Starting Salary ($) * *

Interpretation
There are a total number of 10 Variables in the Data Set. In those 10 variables, three
variables (GMAT, English Test and Work Experience) are Qualitative in nature, while 7
variables have Quantitative nature. Coming to Discrete Data, 5 variables have Discrete Data
and 2 variables [Age and Starting Salary ($)] are of Continuous properties.

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  Interpretation based on the Appropriate means and Proportions.

Descriptive Statistics Table

Full-Time Students Local Foreign Starting
Age % Foreign
Enrolment per Faculty Tuition Tuition Salary
Mean 165.16 8.48 12374.92 16581.8 28.36 28.08 37292
Standard 1.01179708 1826.96920 0.756923 5.0017230
28.1682256 1555.6847 4691.8508
Error 1 2 6 4
Median 126 7 11513 17765 29 27 41400
Mode 30 5 #N/A 16000 29 0 7500
Standard 5.05898540 7778.4234 9134.84601 25.008615
140.841128 3.784618 23459.254
Deviation 6 8 2 2
Sample 19836.2233 25.5933333 60503871. 83445411.6 14.32333 625.43083 55033660
Variance 3 3 8 7 3 3 0
- - -
0.5061404 0.3313883
Kurtosis 0.75127397 0.70550648 0.71266368 -0.266335 -0.931726
1 5
1 3 8
-
0.75661299 0.76210355 0.6222475 0.117445 0.8697729
Skewness 0.01167689 0.222903
5 1 4 4 8
6
Range 451 17 32060 32060 15 90 80000
Minimum 12 2 1000 1000 22 0 7000
Maximu
463 19 33060 33060 37 90 87000
m
Sum 4129 212 309373 414545 709 702 932300
Count 25 25 25 25 25 25 25

Interpretation
 Based on the table of data, we can see that the MBA courses of Asian-Pacific B-
Schools have been maximum and the minimum of local tuitions and foreign tuition
which are the same, and very from 1,000($) to 33060($) .However, the average for
foreign tuition is significantly hire .The standard deviation of local tuition is also
lower than foreign tuition (7,778<9134.8), which indicates that the local tuition is
more stable and less variable about the mean than the foreign tuition.

 There, we should use the median instead of the mean as the measure for identifying
the central value in this case.

 28.08% foreign students choose Asian pacific business schools for studying MBA
courses. The encourage student age of these schools is quite old (28.36) but indicated
that the students from these schools are willing to give up their job to continue
developing their knowledge.

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 The average full-time enrollment of MBA courses approximates by 165.16 and the
standard deviation is absent 140.84. We also have a coefficient of variables of full-
time enrollment is up to 85.28%. These values show that the standard deviation is
considerably large in relation to the mean. It also indicates that dispersion of full-time
enrollment, values is relatively large compared to the mean. It means that the no. of
students enrolled in full time courses in this school is different from each other.
Besides, the coefficient of variable of % foreign data is also very high which is up to
89.06 %.

 This Value shows that there is significantly different among the percent of foreign
students who attend MBA courses in a total 25-leading Asia-Pacific Schools. In
addition, we also see that the standard deviation of local Tuition, Foreign Tuition and
starting salary is at a very high level (778.42, 9134.85, 23459.25) compared to the
average of these variables.

 We also have the coefficient of variable of remaining variables such as students for
faculty, Local tuition, foreign tuition and starting salary are also high. These numbers
show a very significant level of volatility compared to the average of these variations,
which indicates the average of these variations, which indicates the extent of
variability of these data in solution to the mean of the sample. Otherwise, the mean
age of students is 28.36, the standard deviation of age is 3.7 and the coefficient of
variable is 13.34%.

 These value show that standard deviation slightly varies about mean which indicates a
relatively low-level pf volatility relative to the average.

 According to the maximum % foreign, it can be interpreted that Asian Institute of

Management (Bangkok) has up to 90% of students who are foreigner. In addition, the
maximum starting salary of the International University of Japan (Niigata)
outperforms the average (8700>27292), showing that the difference between this
school and the rest is quite large. The maximum are full time enrolment and Indian
Institute of Management (Calcutta) also shows difference with the average (165.16)
and the minimum (12), where students at this school spend more time studying. The
maximum age of Massey University (Palmerston North, New Zealand) is 37, which
indicates that these students choose to go to school instead of investing of working
even though they are quite old.

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 Summarize the Data to Compare the following.

 Difference between Local and Foreign Tuition Costs

Comparison between Local & Foreign

No. of Schools % Of School
Tuition

DIFFERENT 15 60.00%
SAME 10 40.00%
Grand Total 25 100.00%

No. of Schools

10

DIFFERENT
SAME

15

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Absolute Value of difference Local &
No. of Schools % Of Schools
Foreign Tuition

0-9999 21 84.00%

10000-20000 4 16.00%

Grand Total 25 100.00%

10000-20000
No. of Schools
16%

0-9999
10000-20000

0-9999
84%

Interpretation
 There is a significant difference of $4206.88 between the average of the local and
foreign tuition costs.

 There are only 4 schools with 16% of total leading Asian Pacific business schools
including university of New South Wales. Indian Institute of Management, Lahore
university of Management sciences that have the difference between Local and foreign
tuition greater than $10,000.

 The remaining schools have differences between Local and Foreign tuition less than
$10,000 of which 10 schools have the same local and foreign tuition costs.

 Difference between Mean Starting Salaries for Schools Requiring and

Not Requiring Work Experience.

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Work Experience Average of Starting Salary ($) Count of Starting Salary ($)

No 24583.33333 6

Yes 41305.26316 19

Grand Total 37292 25

Interpretation
 The average starting salary of schools requiring work experience is $41305.26 and the
average starting salary of schools not requiring work experience is $24583.33.

 This tabular also indicates that the number of Asian Pacific schools requiring work
experience is higher than the school not requiring. Besides, the average starting salary
of schools requiring work experience. It identifies that the students from schools
requiring work experience will be able to have the average starting salary higher than
the students from schools not requiring work experience.

 Difference between Starting Salaries for Schools Requiring and

Not Requiring English Test.

English Test Average of Starting Salary ($) Count of Starting Salary ($)

No 33623.52941 17

Yes 45087.5 8

Grand Total 37292 25

Interpretation
 The average starting salary of schools requiring English is $45087.5 and the average
starting salary of schools not requiring English test is $33623.52941.

 This tabular also indicates that the number of Asian Pacific schools requiring English
test is less than the school not requiring. However, the average starting salary of
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 schools requiring English test is higher than the average starting salary of schools not
requiring English test, which is $11463.97. It identifies that the students from schools
requiring English test will be able to have the average starting salary higher than the
students from schools not requiring English tests.

 Starting Salary appear to be Related to Tuition

Local Tuition SumSum of Starting

of Starting Salary
Salary ($) ($)
1000-5999 58100
6000-10999 170400
11000-15999 162800
16000-20999 382600
21000-25999 71400
31000-35999 87000
Grand Total 932300
Foreign
Tuition
1000-5999 local tuition 43200
6000-10999 115400
11000-15999
450000 65000
400000
16000-20999 268100
350000
21000-25999 209500
300000
26000-30999 78900
250000
31000-35999 152200
Axis Title 200000
Grand Total 932300
150000
100000
50000
0
1000-5999 6000-10999 11000-15999 16000-20999 21000-25999 31000-35999
Axis Title

 With the correlation of sample 0.67, here is a proportional correlation between foreign
tuition and starting salary and it suggests a moderate positive linear association
between foreign tuition and starting salary. The scatter plots also show the moderate
relationship between starting salary and foreign tuition with the upward linear
trendline. any
 Present The scattering
Additional of dots on the chart
Graphical and indicates
Numericalthat Summaries
most of schools have
that willa
be beneficial in Communicating the Data.

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 Work Experience Count of Work Experience

Yes 19
No 6
Grand Total 25

Requirement of work experience

24%

Yes
No

76%

Requirement of Work Experience

20
18
16
14
12
Total
10
8
6
4
2
0
Yes No

School Requiring GMAT No. of Schools

No 11

8
 Yes 14
Grand Total 25

Requirement of GMAT

44% No
Yes

56%

Requirement of GMAT
16

14

12

10

0
No Yes

Interpretation

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 The percent of colleges requiring the GMAT exam is 56%, the percent of college
requiring the English exam is 32%, the percent of college requiring work experience is
76%.
 Most MBA courses in Asia Pacific (76%) schools require students having work
experience. It can be clearly seen that it is highly required in Asian countries school to
have work experience if they want to study MBA courses in these schools.
 The next necessary requirements of schools are GMAT exam when there are over a
half total leading Asian Pacific schools (56%) require these conditions for MBA
courses. Then, the last important requirements are the English exam which is required
by 32% Asian Pacific schools.

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