The MBA and our changing economy
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.
> TURN TO PAGE 7