The MBA and our chang­ing econ­omy

The Star Malaysia - Star2 - - POSTGRADUATE -

MALAYSIA is ex­pe­ri­enc­ing rapid eco­nomic de­vel­op­ment and the evolv­ing in­dus­tries ex­pect pro­fes­sion­als who are not only highly qual­i­fied, but also skilled at their jobs. These in­dus­tries dic­tate that the per­sonal at­tributes of those be­ing hired for the avail­able po­si­tions must com­men­su­rate with the evolv­ing workplace and if you do not meet the stan­dards set by the in­dus­try, you will most likely be left out in the cold. As the cost of liv­ing in­creases ex­po­nen­tially, many have come to re­alise that the best way to cope with the es­ca­lat­ing prices of goods and ser­vices is to up­grade them­selves and in­crease their earn­ing ca­pac­ity.

“There are many rea­sons why the pop­u­lar­ity of the MBA has in­creased in re­cent years but our chang­ing econ­omy and rapid growth would be the most ap­par­ent ones,” says Prof Dr Ab­dol Ali Khat­ibi, Di­rec­tor of the Grad­u­ate School of Man­age­ment at the Man­age­ment and Sci­ence Univer­sity.

In want­ing to give grad­u­ates a bet­ter foothold in a chang­ing econ­omy, pri­vate in­sti­tu­tions of higher learn­ing are work­ing to­wards MBAs that are not only af­ford­able but suit Malaysian eco­nomic needs. This would nur­ture grad­u­ates that are more de­sir­able.

This al­lows in­dus­try-ready grad­u­ates to be ab­sorbed more read­ily into Malaysian com­pa­nies with ex­per­tise that can war­rant bet­ter in­come. In­sti­tu­tions of higher learn­ing like SEGi Univer­sity have be­gun to in­tro­duce pro­grammes that are adapt­able to suit the var­ied needs of stu­dents from all walks of life hop­ing to pur­sue ca­reers in a chang­ing Malaysian eco­nomic land­scape.

Sim­i­larly, other uni­ver­si­ties are en­sur­ing that their pro­grammes in­clude el­e­ments of net­work­ing and lev­er­ag­ing on op­por­tu­ni­ties that are tra­di­tion­ally not found in MBAs. This gives grad­u­ates from Malaysian pri­vate uni­ver­si­ties an edge in terms of con­fi­dence and re­source­ful­ness.

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