We have analyzed data on 25 business schools in Asia-Pacific to examine the various relationships between the different variables and also analyzed the data on the variables themselves. The data set contained 4,129 students with an average age of 28.36 years. The average student to teacher ratio found in the data set was 8.5 to 1, with the lowest being 2 students to every teacher. The majority of institutions who enroll foreign students have an increased tuition rate for those individuals. In regards to incoming students with work experience as well as the GMAT, the majority of business schools require one or the other, while three schools require both work experience as well as the GMAT examination. We have found a direct correlation between starting salaries and the work experience and required English test needed prior to enrollment. Schools that require work experience have yielded higher starting salaries of nearly 41%, while those that require the English test yield a 25% increase in starting salary. Work experience yielded starting salaries on average of $41,305 compared to $24,583 for those schools which do not require work experience. The schools that required the English test helped its graduates earn an average starting salary of $45,087 while those that did not require the English test had average starting salaries of $33,624. We have analyzed every variable and have displayed our results below. Full-Time Enrollment
The data set was for 4,129 full-time students enrolled in the 25 business schools. The minimum full-time enrollment was 12 at the Macquarie Graduate School of Management (Sydney). The maximum full-time enrollment was 463 at the Indian Institute of Management (Calcutta). The median full-time enrollment for the 25 business schools is 126, with the average, mean, per institution being 165 students. Table 1 – Full-Time Enrollment Descriptive Statistics|
Standard Deviation| 140.84|
In regards to the above table of the full-time enrollment descriptive statistics we can find all necessary information regarding the variable. In this particular the sum represents the total number of full-time students which are included in the data set for the 25 business schools. The mode, or most occurring quantity of students, is 30. Out of the 25 business schools, three of them had full-time enrollment of 30 students. Students per Faculty
The average, mean, students per faculty is 8.48 students per faculty member. Australian National University (Canberra) has the smallest ratio of 2 students per faculty member, while the University of Adelaide has the highest ratio at 19 students per faculty member. The average of 8.48 students per faculty member is a great ratio, as many of the business schools found in the United States have a much high student to faculty ratio.
Table 2 – Students per Faculty Descriptive Statistics|
Standard Deviation| 5.06|
The above table represents the students per faculty ratio descriptive statistics. In this table the sum has absolutely no correlation or importance to the data set, it is simply every ratio added together. The mode is fairly important and states that the majority of the business schools have a student to faculty ratio of 5:1, which is quite an impressive number. Local Tuition
The average, mean, local tuition is $12,374.92. The median local tuition is $11,513. The cheapest, minimum, local tuition is $1,000 at the Jamnalal Bajaj Institute of Management Studies (Mumbai). The most expensive, maximum, local tuition is $33,060 at the International University of Japan (Niigata). The International University of Japan has a tuition, $33,060, which is much closer to the tuitions at...