Global Competition for an Ivy League MBA Economic, Cultural and Global Factors for the Increase Asian Applicants to Elite MBA Programs in the United States, 1980 to 2010
[Thesis]
;supervisor: Turco, Mary G.
Dartmouth College: United States -- New Hampshire
: 2012
115 Pages
M.A.L.S.
M y thesis project was to identify and evaluate major socioeconomic and cultural factors contributing to the increasing number of Asian students particularly Chinese students seeking Ivy League MBA degrees in the United States. My research findings, in support of my thesis, conclude that there are three critical themes about what drives Asian students to compete for entrance to an Ivy League business school: (1) economic Improvement; (2) cultural Influence; and, (3) globalization. I conducted a literature review, collected statistics from 1980 to 2011, interviewed eight subjects (including a dean of an elite MBA Program, and complete an online survey that yield 86 responses to support my thesis investigation. According to Financial Times 2011 Global MBA Ranking, the percentage increase in average alumni salary as a percentage of the pre-MBA salary within Ivy League MBA programs ranges from 107 percent (Johnson) to 123 percent (Wharton). An average fifth year post-MBA salary is $197,166 compared to the Per Capita GDP in Asian countries which ranged from $3,694 (India) to $59,711 (Singapore) in 2011. Therefore, a lavish, elite MBA salary can be a strong financial incentive for the people who are seeking economic improvement, especially Asians, and, in particular Chinese. There have been an increasing number of applicants for entrance to the Ivy League business schools, especially among Asians as a particular ethnic group. Asians have stronger brand-name mania, especially for elite credentials, which count as a symbol of social class. In my findings I discovered that being a good student and graduating from Ivy League schools are viewed as virtuous and help children fulfill their responsibilities to their family and to themselves. It is an unique cultural influence in Asian society. In the global era, the lives of most people have improved. The benefits of globalization are great, but not all people share in them equally. With the availability of the Internet and cheaper transportation, globalization has created greater opportunities for educational access. Educated young from more diverse regions and backgrounds can accumulate their cultural and social capital through attending elite schools even those who are residents of disadvantaged countries.