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To Study an Impact on Indias Top B-Schools Performance by Section-wise Placement by ANOVA ANALYSIS

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Introduction

QUANTITATIVE TECHNIQUES FOR BUSINESS DECISIONS

PROJECT

ON

To Study an Impact on India’s Top B-Schools’ Performance by Section-wise Placement

image09.png

Submitted By:

Batch : 2011-2013

Section-E, Group No.: 4

Group Members

Sr. No.

Name

Roll No.

1

Mohit Arvind Singh

2011194

2

Viral Upadhyay

2011209

3

Varun Luthra

2011221

4

Vishal Jalani

2011233

Introduction

Among all service sectors, the education sector, particularly the higher education system, has direct bearing on society for society’s growth and socio-economic development. Despite the strong growth in enrolments and the number of students graduating in management and business studies, business schools “are currently valued much more for their managerial expertise, cash-generation abilities and financial strength than their intellectual strength and scholarship (Thomas and Thomas, 2011). Major trends driving change in business school programs and curricula include the globalization of markets, accelerating pace of innovation, placement, advancing information and communication technologies, entrepreneurial activity, new venture creation, and rising interest in socially responsible and sustainable enterprise. However, with the increasing competition in the business school environment recently, there has been a parallel and quite critical discussion about the nature, value and relevance of business schools.

According to Elder and Sneed (2011), “The workload of b-school faculty primarily consists of teaching, research, and service. One aspect of the service function involves helping students find employment in their profession upon completing their degree.

...read more.

Middle

2

Calculation of Total Sum of Squares:

TSS = Raw sum of squares (RSS) - Correction factor (C.F.)

Calculation of Treatment Sum of Squares:

TrSS = ∑ image03.png

Calculation of Block Sum of Squares:

BSS = ∑image04.png

.

Calculation of Error Sum of Squares:

ESS = TSS - TrSS - BSS

Sources of Variation

Degree of Freedom(Df)

Sum of Squares(SS)

Mean (MSS)

F - Ratio

Treatment

k-1

TrSS

TMS = TrSS/ (k-1)

F1= TMS / EMS

F2= BMS / EMS

Block

b-1

BSS

BMS=BSS/ (b-1)

Error

(k-1)(b-1)

ESS

EMS =ESS/ (k-1)(b-1)

Total

n-1

Table 2: ANOVA Table for analysis of variance

4.Formulation of Tabulated Value:

Tabulated Value = Expected value found from F Table at specific level of significance.

Fe1 [αe, {k-1, (k-1)x(b-1)}df]

Fe1 [αe, {b-1, (k-1)x(b-1)}df]

5.Interference:

If F > Fe1, reject null hypothesis.        

If F < Fe1, do not reject null hypothesis.

If F > Fe2, reject null hypothesis.        

If F < Fe2, do not reject null hypothesis.

Analysis & Findings with Implications

Firstly we found out some statistics function such as mean, median, variance; standard deviation, coefficient of correlation etc. on given secondary data are shown in table 3 & 4 with formulae.

Overall Average Salary, 2011 (In LPA) & Statistics

Avg. Salary (Mean)

Median

Geometric Mean

Variance

Standard Deviation

IIM-Ahmedabad

14.016

13.550

13.992

1.485

1.218

IIM-Indore

13.207

13.250

13.091

2.895

1.701

IIM-Kozhikode

12.609

12.520

12.545

1.578

1.256

Table 3: Some Statistics Functions (Mean, Median & Variance etc.)

Some Statistics Function

Coefficient of  Variation

Skew-ness

Median Deviation

IIM-Ahmedabad

8.69

0.38

0.467

IIM-Indore

12.88

-0.03

0.043

IIM-Kozhikode

9.96

0.07

0.088

...read more.

Conclusion

Fe1 [αe, {k-1, (k-1)x(b-1)}df] = Fe1 (0.05, (3, 9)df) = 3.86

Fe1 [αe, {b-1, (k-1)x(b-1)}df] = Fe2 (0.05, (3, 9)df) = 3.86

Inference: F1 < Fe1, 1.958 < 3.86

Do not reject null hypothesis i.e. average salary package in all four IIMs are equal.

      &

F2 < Fe2, 1.839 < 3.86

Do not reject null hypothesis i.e. average salary package (mean) in all sectors or functions are equal.

Conclusion & Scope of the Study

It has been found from above ANOVA analysis the average package offered by Top India’s B-School IIM-A, IIM-I, IIM-K & IIM-B in Marketing, IT, Finance and operations sectors are equal. There is no impact on the performance of India’s Top B-Schools’ average salary package for students in different sectors and vice-versa.

So the students don’t have any preference for particular sector for India’s Top B-Schools. As all the sectors offer same average package. Hence they accept any sector offered to them.

Bibliography

Thomas, H. and Thomas, L. (2011), “Perspectives on leadership in business schools”, Journal of Management Development, Vol. 30 No. 5

Ranjan, J. (2011), “Study of sharing knowledge resources in business schools”, The Learning Organization Vol. 18 No. 2, pp. 102-114

Outlook Magazine (2006), September 16.

Elder, B. and Sneed, J. (2011), “Legal implications of helping students find employment”, Management Research Review, Vol. 34 No. 6,pp. 702-711

http://www.iimahd.ernet.in/iprs/gallery/PGP_Placement_%20report_11.pdf

http://www.iimk.ac.in/placement/finalplacement2011.php

http://www.iimidr.ac.in/iimi/media/pdf/2011%20PlacementReport.pdf

http://www.iimb.ernet.in/docs/pgp/Glimpses2011.pdf

...read more.

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