New Business School to Open in Malaysia, with Help From MIT Sloan

The "Asia School of Business" set to launch in 2016 with a new two-year MBA

MIT's Sloan School of Management has announced that it has partnered with Malaysia's central bank to open a new business school in the country.

The resulting school, the "Asia School of Business," will open its doors in 2016, and will host a class of between 25 and 35 students in a new two-year long MBA program.

Sloan sees the partnership as a way to invest in a quickly-changing region.

"We view the founding of the ASB as an opportunity to help shape the next generation of leaders in this rapidly-developing region,” says MIT Sloan's dean David Schmittlein.

Indeed, Malaysia's economy—and that of Southeast Asia more broadly—has been chugging along in recent years. However, the country only hosts two internationally accredited business schools: Universiti Putra Malaysia, which is accredited by AACSB, and the University of Malaya's Graduate School of Business, which is accredited by AMBA.

The inaugural intake for the new MBA at Asia School of Business will take place within the headquarters of Bank Negara Malaysia, which is the country's central bank. The headquarters are located on the cusp of Kuala Lumpur’s business district. 

Although eventually, the Asia School of Business will have its own faculty, in the short term MIT Sloan professors will teach at the school and provide guest lectures.

Additionally, the MBA program will allow students to spend four weeks on MIT Sloan's home campus in Cambridge, where they can learn about US business, and will visit companies in the Boston area.

The tuition for the new the MBA program "will be in the range of $40,000 per year," according to an MIT Sloan press release.

The admissions process for the inaugural intake will begin in July 2015. In general, students will need to have at least two years of work experience to apply, although this can be waived for "extraordinary candidates." Additionally, a GMAT or GRE score will also be required.

Graduates of the program will receive an MBA from the Asia School of Business and a certificate of completion for MIT Sloan. However, "this is not an MIT degree," the program webpage makes clear.

For more information, please see the MIT Sloan press release announcing the launch of the Asia School of Business, or the new Asia School of Business webpage.

Image: "View of KL Sentral, Hilton and Le Meridian at dusk" by Akira Mitsuda / Creative Commons (cropped)

Comments

ralph    |    Apr 14, 2015 17:25
"Indeed, Malaysia's economy—and that of Southeast Asia more broadly—has been chugging along in recent years. However, the country only hosts two internationally accredited business schools: Universiti Putra Malaysia, which is accredited by AACSB, and the University of Malaya's Graduate School of Business, which is accredited by AMBA."

Yes, but even so, this new business school won't immediately have international accreditation, even given its connections to Sloan. That would take several years at least.
Reply

Related Business Schools

Cambridge, Massachusetts 39 Followers 157 Discussions
Kuala Lumpur, Malaysia 40 Followers 12 Discussions
Selangor, Malaysia 18 Followers 7 Discussions
Kuala Lumpur, Malaysia 0 Followers 1 Discussion

More MBA News

Apr 16, 2019

MBA Accreditation Awarded to Chulalongkorn Business School, Indian Institute of Management Indore and Others

Apr 16, 2019

More MBA News

MBA Articles

Specialist MBA Degrees Find their Niche in Business Education

Apr 10, 2019

General and specialized MBAs both have distinct advantages. Which one prospective students choose will come down to their planned career path

MBA Graduates in the US are Entering the Hottest Job Market in Decades

Mar 25, 2019

US business schools are reporting record employment rates and starting salaries for their freshly minted MBA grads, but there’s growing gap in job prospects between US nationals and overseas students

Why the MBA Power Shift from West to East is Poised to Gather Pace

Mar 18, 2019

As MBA applications fall in the US, business schools in Asia are drawing a growing number of students, thanks to booming economies, strong job prospects and diverse cohorts

More Articles

Related Top 10 Lists

More Top 10 Lists