What percentage of schools require work experience

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Reference no: EM131515678

Case Study: MBA Schools in Asia-Pacific

The pursuit of a higher education degree in business is now international. A survey shows more and more Asians choose the master of business administration (MBA) degree route to corporate success. As a result, the number of applicants for MBA courses at Asia-Pacific schools continues to increase.

Across the region, thousands of Asians show an increasing willingness to temporarily shelve their careers and spend two years in pursuit of a theoretical business qualification. Courses in these schools are notoriously tough and include statistics, economics, banking, marketing, behavioral sciences, labor relations, decision making, strategic thinking, business law, and more.

After your MBA, you get a job at Bloomberg in its media division, Bloomberg Business. Your division publishes reviews and rankings for business schools in the US and internationally. Because of your strong analytical education from University of Phoenix, your boss assigns you to work on preparing an analysis for data gathered for leading business schools in the Asia-Pacific. The data set in the Excel® file shows some of the characteristics of the leading Asia-Pacific business schools.

Purpose of Assignment

The purpose of this assignment is to develop students' analytical capabilities to evaluate, analyze, and apply descriptive statistics techniques to real-world datasets.

Assignment Steps

Resources: Microsoft Excel, Case Study: MBA Schools in Asia-Pacific

Review the Case Study: MBA Schools in Asia-Pacific and the Case Study: MBA Schools in Asia-Pacific data set.

Prepare a 1,050-word managerial report for your boss.

Use the following questions for guidelines and directions on what to include in the report:

1. What is the type of data (Quantitative or Qualitative) for each of the columns (variables) in the dataset? If quantitative, is the data discrete or continuous? Neatly summarize your response in a table for all the columns (variables).

2. Using Excel, find the mean, median, standard deviation, minimum, maximum, and the three quartiles for each of the quantitative variables identified in part 1 above. Neatly summarize in a table on this document. Comment on what you observe.

3. What are the minimum and maximum full-time enrollments? Which schools have the minimum and maximum full-time enrollments?

4. What is the average number of students per faculty member? Is this low or high? What does this mean to prospective applicants who are interested in pursuing an MBA in one of the leading international business schools?

5. What are the mean, median, and modal ages? What does this mean to prospective applicants?

6. What is the mean percentage of foreign students? How many and which schools have 1% and 0% foreign students? Which schools have highest percentage of foreign students? Please state these percentages.

7. What percentage of schools require the GMAT test?

8. What percentage of schools require English tests such as Test of English as a Foreign Language (TOEFL)?

9. What percentage of schools require work experience? From this percentage, does this appear to be a significant factor in gaining admissions?

10. What are the mean and median starting salaries? Which schools have the minimum and maximum starting salaries? How much are these minimum and maximum salaries?

11. What are the mean tuition for foreign students and for local students? Does there appear to be a significant difference? What is the difference between the two means?

12. How many schools require work experience and how many of them don't? What is the mean starting salary for schools requiring work experience? What is the mean starting salary for schools requiring no work experience?

13. How many schools require English tests and how many don't? What is the mean starting salary for schools requiring English tests? What is the mean starting salary for schools requiring no English tests?

14. Comment on the skewness for the data on starting salaries:

1. Plot a histogram and determine the skewness.
2. Find the skewness coefficient.
3. Find the mean, median, and mode for starting salaries and compare the three measures to determine skewness.

15. Finally, use Empirical Rule on the starting salaries and determine whether the salaries follow the Empirical Rule.

Format your assignment consistent with APA format.

Business School

Full-Time Enrollment

Students per Faculty

Local Tuition ($)

Foreign Tuition ($)

Age

%Foreign

GMAT

English Test

Work Experience

Starting 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

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

Reference no: EM131515678

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