The international market for MBA qualifications: The relationship between tuition fees and applications
Caroline Elliott, Kwok Tong Soo
Economics of Education Review Volume 34, Number 1, ISSN 0272-7757 Publisher: Elsevier Ltd
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.
Elliott, C. & Soo, K.T. (2013). The international market for MBA qualifications: The relationship between tuition fees and applications. Economics of Education Review, 34(1), 162-174. Elsevier Ltd. Retrieved March 20, 2023 from https://www.learntechlib.org/p/132741/.
This record was imported from Economics of Education Review on January 30, 2019. Economics of Education Review is a publication of Elsevier.Full text is availabe on Science Direct: http://dx.doi.org/10.1016/j.econedurev.2013.02.006