Depends on:
1) Your working experience:
- Reputation of company (MNC, PLC or local)
- Job responsibility and position (Senior leadership, middle management or executives)
- Job scope and dimension

2) MBA credentials: If the uni is in FT100 then you can bargain with employer based on the link below:
http://rankings.ft.com/businessschoolranki...ba-ranking-2014

(However I doubt most companies in Malaysia can afford to hire those MBA grads, perhaps top 200 QS?)
http://www.topmba.com/mba-rankings/home

You are right, any place can offer MBA, its almost like pisang goreng nowadays.
Hence only those really stand out will attract employers attention like FT100.
Rationale is because good MBAs have very stringent requirement.
Common requirement for good MBA normally will be:
1) GMAT marks (normally >600)
2) Minimum number of working experience in large MNCs or consulting company
3) Good underlying degree

If the university doesn't prescribe such requirement, you should know the quality of their students right?
Take for example, INSEAD MBA holder from Singapore normally earn $10,000 and above. That is roughly RM25,000 per month and RM 300,000 per annum. You will hardly find any employer paying that amount unless you are a senior manager with a very established Fortune500 companies.

MBA does not give you automatic passport (common misconception). It just complements or validate your existing ability. Most go for MBA to get the alumni network. For example, Stanford, Harvard and Wharton shares a common portal where the biggest companies headhunters will go. They have exclusive right on that, that's why you don't see companies like Microsoft, Google, Oracle put jobs ads.

Most people take MBA to work overseas. Best is MBA from US. UK normally very hard to get PR there due to lack of demand but they have good scholarship programs.

1) Are you an experienced staff + MBA = Look for jobs that fit your experience
2) Limited experience + MBA = Look for fresh entry job
3) If your MBA is top 30 FT = look for high-end fresh entry job or middle management
http://rankings.ft.com/businessschoolranki...ba-ranking-2019

You can always apply and try. Nobody will know the result. My statement is just based on my normal observation.