Asia School of Business

Asia School of Business (ASB) is a partnership between MIT Sloan School of Management and Bank Negara Malaysia (the Central Bank of Malaysia). The partnership is a business school offering business administration related courses in the form of a 20-month full-time MBA program and executive education classes for students from Malaysia and around the world.[4] Through the partnership, MIT Sloan and Bank Negara collaborate on academic program design, curriculum design, organizational design, admissions, and the administration of the Asia School of Business.[1]

Asia School of Business
TypeBusiness School
Established2015[1]
DeanJake Cohen (interim) [2]
Academic staff
50 (includes full-time MIT Sloan International Faculty Fellows and engaged MIT Sloan faculty)[3]
Postgraduates~80 full-time MBA students
Location
Kuala Lumpur
,
Malaysia
LanguageEnglish
AffiliationsMIT Sloan School of Management and Bank Negara Malaysia
Websiteasb.edu.my
Asia School of Business
Simplified Chinese亚洲商学院
Traditional Chinese亞洲商學院

Courses at ASB are taught by MIT Sloan faculty and local ASB faculty, with the latter also serving as MIT Sloan International Faculty Fellows.[5] Students study at both the MIT Sloan campus located in Cambridge, Massachusetts, and the ASB campus located in Kuala Lumpur.[1]

History

ASB was founded in 2015 by Zeti Akhtar Aziz, the former governor of Bank Negara Malaysia, and Professor Richard Schmalensee, Dean Emeritus of MIT Sloan. The school opened in 2016, offering a full-time MBA degree. The first cohort, the Class of 2018, arrived in Kuala Lumpur for orientation in Fall 2016. The inaugural graduation ceremony was held in Spring 2018.

In 2019, ASB launched its MBA for Working Professionals program, a 22-month program designed in modular format for busy working professionals. Students can maintain their full-time jobs while taking on a demanding and rigorous curriculum that maintains the rigor and quality of MIT Sloan while providing a uniquely Asian perspective. In the same year, ASB jointly launched with MIT and Bank Negara Malaysia its Master of Central Banking degree program.

In 2020, ASB merged with The Iclif Leadership and Governance Centre, forming the ASB Iclif Executive Education Center (Iclif). The mission of Iclif is to provide a broader set of business education offerings to the region and beyond, offered through in-person and online modes.

ASB moved into its new 30-acre campus in Kuala Lumpur in the second half of 2020.[6]

Degree Programs and Curriculum

MBA Program

ASB's main program is its MBA program where students study at both the MIT Sloan campus located in Cambridge, Massachusetts, and the ASB campus located in Kuala Lumpur. ASB's curriculum for its 20-month full-time MBA program is similar to the curriculum of two-year full-time MBA programs in the United States, and is modeled after the full-time MBA curriculum at MIT Sloan.

Admissions have 40 to 45 slots available in each year's MBA intake, and all enrolled full-time residential MBA students receive some form of scholarships and financial aid, including full scholarships.[6][7] Approximately 80% of ASB's students come from outside of Malaysia, and around 43% of the students are female (while other business schools in the region have student bodies that range from 35% women to 40% women).[8][9][10] Upon graduation, students receive a Certificate of Completion issued from the Massachusetts Institute of Technology and become members of the alumni organizations of both MIT Sloan and ASB.[11]

MBA Program for Working Professionals

The Asia School of Business (ASB) MBA for Working Professionals Program (MBA-WP) is a 22-month program designed in modular format for working professionals. The curriculum maintains the rigor and quality of MIT Sloan while providing a uniquely Asian perspective. Offering the best of both worlds, MBA-WP students are taught both by MIT Sloan’s most prestigious faculty and by ASB faculty who are based in Asia, research in Asia, and know Asia.

The program includes a 4-week immersion at MIT Sloan in Cambridge, Massachusetts, and 3 hands-on business practicums with the students' respective employers. This enables them to make a tangible impact in their organizations throughout the program, even before graduating.

Master of Central Banking Program

The Master of Central Banking (MCB) is a year-long residential program designed especially for central bankers. It includes a six-week MIT Sloan Immersion, where MIT Sloan faculty will teach courses emphasizing systems thinking, best practices, innovation and new technologies.[12]

Non-Degree Programs and Executive Education

Executive Education

The Iclif Executive Education Center (Iclif) at Asia School of Business (formerly The Iclif Leadership and Governance Centre) provides corporate governance training and non-degreed programs to support the professional development of C-Suites and senior management. Iclif was established by Bank Negara Malaysia in 2003 as an Asia-based independent non-profit organization with the mission to strengthen the leadership and governance capabilities within the Malaysian financial sector. Since its inception, Iclif has also branched out to offer programs and research opportunities in the areas not only on leadership development, but also in corporate governance. In 2020, Iclif merged with ASB to extend its set of offerings in executive education, and now offers additional courses in general management and finance.[13]

Currently, Iclif offers a set of Open-Enrollment Programs and Custom-Built programs. Participants in Open-Enrollment courses can upgrade their participation credits into an Executive Certificate in one of the four available Tracks: Leadership, Finance & Global Economy, Corporate Governance, and General Management. In addition to the Open-Enrollment programs, Iclif also offers a set of mandatory programs for Malaysian board members of listed companies (Mandatory Accreditation Program (MAP)) and for Malaysian directors of financial institutions (Financial Institutions Directors’ Education (FIDE)).

Campus

ASB's campus is located on a 30-acre plot of land in Kuala Lumpur beside Bank Negara Malaysia headquarters.[14]

ASB's campus consists of an academic village designed to host the MBA, Master of Central Banking, executive education courses, and other events, as well as a residential quad that has the capacity to house 700 students, visiting faculty, and short-term students.[15]

ASB’s sprawling 22.2-acre residential and academic campus is built for collaboration, scholarship, and innovation. The key design principles for the campus reflects the principles of BNM and the aspirations of ASB – to create an environmentally-sustainable building that facilitates intellectual collaboration, fosters a community of innovation, and promotes globalization and diversity, while serving as the heart of the academic and social exchanges of ideas for the Kuala Lumpur and broader Southeast Asian business community. The campus is located near the central business district and within walking distance from multiple light rail lines and can accommodate over 1,200 students, faculty, and staff.[16]

Academic Building

The academic building spans six levels. The ground level (Level G) and first floor (Level 1) are public areas designed to create an open area for the ASB community. The five-story daylight-filled atrium on Level 1 serves as the central meeting and connection point for the community. Levels 2 and 3 are designed around learning and education – housing classrooms, research centers, study spaces, and a library. Levels 4 and 5 are built around faculty collaboration, scholarship, and innovation.

Facilities include:

  • State-of-the-art classrooms modelled after those at Massachusetts Institute of Technology (MIT)
  • Open spaces for collaboration
  • Spacious offices
  • Over 60+ study rooms and meeting rooms spread out across various levels, equipped with modern conferencing facilities
  • Career Center sponsored by CIMB
  • Research centers endowed by Maybank, Sapura Energy and AirAsia
  • Central Banking Research Center
  • Trademarked FabLabKL, a maker space for creation and innovation
  • 300-seater Khazanah Auditorium
  • Cafeteria
  • Residential Facilities

Residential Facilities

ASB’s dedication to a fully integrated learning experience starts with providing comfortable residential facilities to all of our students. Our brand new Residensi ASB is located right next to the ASB Academic Building.

Residensi ASB offers accommodation according to your requirements ranging from single rooms to family rooms and guest rooms for short stays. Our students are presented with facilities that promote a conducive living and learning environment all within reach of the gorgeous Kuala Lumpur urbanscape that you will call home during your journey with us.

Residensi ASB comes fully equipped with:

  • Multipurpose Hall
  • Gymnasium, sports and wellness facilities
  • Cafe
  • Launderette
  • Comfortable residential rooms
  • 24/7 co-working spaces / spacious study rooms
  • Prayer Rooms
  • Ample parking

Research centers
  • Maybank Center for ASEAN Research, research center endowed by Maybank[17]
  • Sapura Energy Center for Technology and Strategy, research center endowed by Sapura Energy
  • AirAsia Innovation and Entrepreneurship Center (IEC), research center endowed by AirAsia
  • The Central Banking Research Center (CBRC)

See also

References
  1. "Asia School of Business (ASB)". MIT Sloan.
  2. "Jake Cohen - ASB Leadership Team". 13 July 2022.
  3. "Our Faculty | Asia School of Business". Asia School of Business Malaysia. July 23, 2020.
  4. "| Bank Negara Malaysia | Central Bank of Malaysia". www.bnm.gov.my.
  5. "Asia School of Business (ASB)". MIT Sloan. Retrieved 2020-12-03.
  6. "New campus opens next year | The Star". www.thestar.com.my.
  7. "ASB MBA Program & Admissions Interview with Sean Ferguson". Touch MBA. January 27, 2019.
  8. Hannah, Georgina. "Poets&Quants | Asia School of Business In Collaboration With MIT Sloan". Poets&Quants.
  9. "INSEAD MBA - Class 2020 Profile and Employment Report". e-GMAT Blog | Best GMAT blog on the planet. November 16, 2020.
  10. "Our Class - Full-Time MBA Program". www.mba.ust.hk.
  11. "Affiliate Alumni Directory". MIT Sloan.
  12. "Program Offers Masters Degree in Central Banking". bloomberg.com. 30 September 2019.
  13. "Integration of Iclif with the Asia School of Business to Provide Broader Set of Business Education Offerings". markets.businessinsider.com.
  14. "ASB Breaks Ground for New Campus". bnm.gov.my.
  15. "About Asia School of Business in collaboration with MIT Sloan". asb.edu.my. March 5, 2020.
  16. "A WORLD-CLASS PURPOSE-BUILT CAMPUS WITHOUT RIVAL IN SOUTHEAST ASIA". asb.edu.my. 8 September 2021.
  17. "Maybank Contributes RM21 Million To Establish Maybank ASEAN Research Center", see: https://www.businesstoday.com.my/2022/03/31/maybank-contributes-rm21-million-to-establish-maybank-asean-research-center/

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