Actually the Asia School of Business (ASB)/ MIT Sloan MBA is not such great news for most potential MBA students within Malaysia. The details of the proposed MBA have now emerged and they make it inaccessible and lacking global recognition. Let me explain below my assertions:
NOT AN MIT SLOAN DEGREE
There is no doubt that MIT Sloan at its home campus offers a highly recognised and, by all reports, quality MBA programme. However, graduates on the proposed ASB MBA programme (it doesn't commence to end of 2016) only receive an MBA degree from the Asia School of Business (ASB) and only a certificate of completion from MIT. Graduates are therefore alumni of ASB and NOT MIT Sloan. It is clearly stated on the ASB website as follows (Accessed ASB website 12 April 2015):
"The diploma granted for the ASB MBA program is an ASB degree, where ASB is a free standing school in Malaysia. ASB graduates also receive a certificate of completion issued by the MIT Sloan School of Management, BUT THIS IS NOT AN MIT DEGREE".
LACKS GLOBAL RECOGNITION
ASB is not accredited by any of the 3 globally recognised accreditation bodies for business schools and/or MBA prgrammes. If a potential student is seeking independent advice of the quality of a programme they should check if the programme is AACSB, EQUIS and/or AMBA accredited. While I have no doubt that MIT Sloan, which is AACSB accredited, will ensure the standard of delivery at their Malaysian partner is of comparable quality, students are not receiving an MBA from MIT Sloan. You may consider this fine but, at least for now, ASB does not have a reputation and the programme is expensive (refer below for scholarship discussion). In my view, this seriously dents the value proposition on offer. This brings me to the next point- inaccessibility.
INACCESSIBLE TO MOST
At USD80,000, that's in excess of RM293,000 at today's rate, for a 2 year full-time programme this expensive for a Malaysian MBA Degree. Yes, Asia School of Business is backed by several large, predominantly Government linked, corporate companies and therefore has scholarships available BUT remember its a full-time programme. As a 2 year residential full-time programme you will need to likely resign your current position to this Malaysian MBA.
THE GOOD NEWS
There is an alternative. Consider enrolling in the Sunway University dual award MBA Programme with top ranked and triple accredited Lancaster University. This is a part-time 2 year programme. Graduates receive both a Sunway University MBA and a genuine Lancaster University MBA award. Graduates are recognised as a degree holder by both institutions. In contrast to the ASB MBA you do become an alumni of Lancaster University and receive the same degree certificate from them as UK based graduates.
Lancaster University's MBA was ranked 50th in the world in the 2015 Financial Times (FT) Global MBA ranking. MIT Sloan did better, at 8th on the same ranking. But remember you will not receive a MIT Sloan MBA from ASB. The Lancaster MBA is currently the leading MBA you can access in Malaysia. Enroll in the Sunway University MBA Dual Award MBA to access this programme.
Our dual award MBA is also significantly more accessible financially. Its a part time programme, so you can still work. Our fees and financial assistance mean that most students are only paying approximately RM53,000, net of all scholarships and Government support. Anyone we welcome onto the programme can receive financial support.
Visit our web site www.sunway.edu.my/mba , phone 03-74918701, or email mba@sunway.edu.my to find out more details of this premier league MBA programme. Alternatively, register for a preview
http://sunway.edu.my/university/mba-preview-sessionKind regards
Prof Brian
Note: The views above are the personal views of the writer based upon information contained with the Asia School of Business at the time of writing (i.e. 12 April 2015)
Agreed on your views above.
I guess Malaysians intending on enrolling in one of the Top 5 MBA programs in the world would be comparing this program with INSEAD in Singapore which is the closest. Cost wise, it would be slightly cheaper compared to INSEAD.
This ASB-MIT Business Centre is similar to the concept of MIT Global SCALE Network's Malaysia Institute of Supply Chain Management (MISI) located in Shah Alam which offers Masters and PHD programs in Supply Chain Mgmt.