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The international market for MBA qualifications: the relationship between tuition fees and applications

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The international market for MBA qualifications: the relationship between tuition fees and applications. / Elliott, Caroline; Soo, Kwok Tong.
In: Economics of Education Review, Vol. 34, 06.2013, p. 162–174.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Elliott, C & Soo, KT 2013, 'The international market for MBA qualifications: the relationship between tuition fees and applications', Economics of Education Review, vol. 34, pp. 162–174. https://doi.org/10.1016/j.econedurev.2013.02.006

APA

Elliott, C., & Soo, K. T. (2013). The international market for MBA qualifications: the relationship between tuition fees and applications. Economics of Education Review, 34, 162–174. https://doi.org/10.1016/j.econedurev.2013.02.006

Vancouver

Elliott C, Soo KT. The international market for MBA qualifications: the relationship between tuition fees and applications. Economics of Education Review. 2013 Jun;34:162–174. doi: 10.1016/j.econedurev.2013.02.006

Author

Elliott, Caroline ; Soo, Kwok Tong. / The international market for MBA qualifications: the relationship between tuition fees and applications. In: Economics of Education Review. 2013 ; Vol. 34. pp. 162–174.

Bibtex

@article{6c4ea608adda455ab6b31529b0b8591a,
title = "The international market for MBA qualifications: the relationship between tuition fees and applications",
abstract = "This paper explores the relationship between tuition fees charged by MBA programmes and the number of applications to these programmes, using a panel dataset comprising universities from countries across the world. Using Three-Stage-Least-Squares methods for simultaneous equations, we find a two-way relationship between tuition fees and applications: higher application numbers encourage universities to charge higher fees in the future, but higher fees in turn curtail application numbers. We find evidence that higher GMAT scores of existing students increase applications, as do higher post MBA salaries. Meanwhile, university and programme professional accreditations do not impact on student application choices, nor do alumni ratings of programme quality. Published MBA programme rankings appear to have little impact on applications, and where an effect can be identified, it appears that a better ranking discourages applications. Only US News rankings have a significant effect on applicants to US MBA programmes.",
keywords = "MBAs, Tuition fees, Applications, Simultaneous equations",
author = "Caroline Elliott and Soo, {Kwok Tong}",
year = "2013",
month = jun,
doi = "10.1016/j.econedurev.2013.02.006",
language = "English",
volume = "34",
pages = "162–174",
journal = "Economics of Education Review",
issn = "0272-7757",
publisher = "Elsevier Limited",

}

RIS

TY - JOUR

T1 - The international market for MBA qualifications: the relationship between tuition fees and applications

AU - Elliott, Caroline

AU - Soo, Kwok Tong

PY - 2013/6

Y1 - 2013/6

N2 - This paper explores the relationship between tuition fees charged by MBA programmes and the number of applications to these programmes, using a panel dataset comprising universities from countries across the world. Using Three-Stage-Least-Squares methods for simultaneous equations, we find a two-way relationship between tuition fees and applications: higher application numbers encourage universities to charge higher fees in the future, but higher fees in turn curtail application numbers. We find evidence that higher GMAT scores of existing students increase applications, as do higher post MBA salaries. Meanwhile, university and programme professional accreditations do not impact on student application choices, nor do alumni ratings of programme quality. Published MBA programme rankings appear to have little impact on applications, and where an effect can be identified, it appears that a better ranking discourages applications. Only US News rankings have a significant effect on applicants to US MBA programmes.

AB - This paper explores the relationship between tuition fees charged by MBA programmes and the number of applications to these programmes, using a panel dataset comprising universities from countries across the world. Using Three-Stage-Least-Squares methods for simultaneous equations, we find a two-way relationship between tuition fees and applications: higher application numbers encourage universities to charge higher fees in the future, but higher fees in turn curtail application numbers. We find evidence that higher GMAT scores of existing students increase applications, as do higher post MBA salaries. Meanwhile, university and programme professional accreditations do not impact on student application choices, nor do alumni ratings of programme quality. Published MBA programme rankings appear to have little impact on applications, and where an effect can be identified, it appears that a better ranking discourages applications. Only US News rankings have a significant effect on applicants to US MBA programmes.

KW - MBAs

KW - Tuition fees

KW - Applications

KW - Simultaneous equations

U2 - 10.1016/j.econedurev.2013.02.006

DO - 10.1016/j.econedurev.2013.02.006

M3 - Journal article

VL - 34

SP - 162

EP - 174

JO - Economics of Education Review

JF - Economics of Education Review

SN - 0272-7757

ER -