New method has been widely used for teaching Management Science since the mid of 1990s. The new teaching method is distinguished from traditional method in several aspects. The mowt distintion of the new method is that Excel based approach is used in order to model and analyze quantitative problems. Due to the introduction of Excel based teaching method model formulation and interpretation is more emphasized than algorithms. By using this new method students are expected to be more interested in Management Science class and easily use several Management Science techniques in real world problems. Though Excel based teaching method has become more prevalent, there exist no empirical research to analyze the effectiveness of Excel based teaching method. This paper will empirically analyze how effective Excel based teaching method is. For this purpose survey data are collected fro professors teaching Management Science and analyzed by using t-test.