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DON’T GET LEFT BEHIND: The Rise of 100% Online Master’s Programs in Malaysia

Published by Afterschool.my on Sep 04, 2024, 09:46 am

The world of education is rapidly evolving, and one of the most significant trends in recent years is the rise of 100% online master’s programmes. These programmes have become a central part of the fastest-growing market in the education industry, witnessing a staggering 900% growth since their inception, as seen in a study done by Oxford (Devlin Peck)!

Notably, nearly half of all students worldwide have engaged in some form of online learning, reflecting a significant shift towards more accessible and flexible education options. This trend is evident globally, including in Malaysia, where professionals increasingly leverage such programmes to advance their careers without sacrificing their current jobs. With the number of online learners projected to reach 57 million by 2027 (Prosperityforall), the momentum of online education is undeniable, setting a new standard in how educational content is delivered and consumed across the globe.

As the job market becomes increasingly competitive, having a master’s degree is no longer just an advantage – it’s quickly becoming more and more of a necessity. Employers are looking for candidates with advanced skills and knowledge, and a master’s degree can be the key to unlocking better job opportunities and higher salaries. 

If you are in your 20s, what’s your excuse?

These programmes allow you to continue earning an income while gaining the qualifications you need to stay ahead in your career. 

The Need for 100% Master's Programmes

The most compelling advantage of online MBAs is the opportunity they provide to immediately apply your newly acquired skills in your current role, which can lead to instant career benefits and salary increments. Moreover, many programmes offer specialisations in key areas like finance, data science, marketing or general management, allowing you to tailor your educational path to align with your career aspirations.

According to a recent study by the National Center for Education Statistics, professionals who engaged in online learning reported a 9% higher incidence of career advancement post-degree compared to their peers from traditional programmes. This statistic underscores the critical nature of embracing online education to maintain and accelerate career trajectory.

Comparing 100% MBA Programmes in Malaysia

Let’s take a closer look at some of the top 100% online MBA programmes offered by Malaysian universities, and what makes them unique.

Sunway University 

  • Accreditations: Sunway’s Online MBA programme, offered in partnership with Keypath Education, is accredited by the Association to Advance Collegiate Schools of Business (AACSB), a prestigious recognition awarded to less than 6% of business schools worldwide. Additionally, students have the opportunity to gain full Chartered Management Institute (CMI) membership, adding significant value to their credentials.
  • Cost and Specialisations: Sunway offers a well-rounded programme with various specialisations, making it a strong contender for those looking for a globally recognised qualification without having to leave Malaysia.

Sunway’s Online MBA is priced at MYR 47,000.

Taylor’s University

  • Reputation: As the No. 1 Private University in Malaysia and Southeast Asia for several subjects, including Marketing, Accounting & Finance, Economics & Econometrics, and Business & Management Studies, Taylor’s has built itself quite a reputation in the academic world. This makes Taylor’s an excellent choice for those seeking a programme with strong brand recognition and a solid reputation in the region.
  • Cost and Specialisations: Taylor’s offers a diverse range of specialisations, catering to different career paths and industries. The university’s strong reputation and extensive alumni network further enhance the value of its MBA programme.

Taylor’s Online MBA is priced at MYR 52,920 

Wawasan Open University (WOU)

  • Affordability: WOU offers some of the most affordable MBA programmes in Malaysia, making it an ideal option for those looking to further their education without incurring significant costs.
  • Unique Aspects: WOU’s CeMBA programme is part of a distinctive collaborative initiative led by the Commonwealth of Learning (COL) in Vancouver, and includes partnerships with a consortium of leading Asian universities. This unique collaboration infuses the CeMBA (Commonwealth Executive MBA) with a rich international perspective, enhancing the global relevance of the curriculum and expanding career opportunities for graduates.

WOU’s CeMBA starts at MYR 29,280

Open University Malaysia (OUM)

  • Accreditations and Recognition: OUM is the first open distance learning (ODL) university in Malaysia. It's program is accredited by MQA and recognized internationally, ensuring that the qualifications gained are competitive and respected globally. This broad recognition is crucial for students aiming to elevate their careers on an international scale.
  • Cost and Specialisations: OUM is known for its competitive pricing structure, making it an accessible option for many. The program offers various specialisations tailored to the evolving demands of the global market, equipping students with the skills necessary to excel in diverse business environments.

OUM’s MBA is priced in the range of RM28,900

Help University

  • Curriculum and Industry Relevance: The MBA at HELP University, offered by Keypath (similar to Sunway Online) integrates core business disciplines with modern management skills in a 12-module curriculum, emphasising global economic trends, data analytics, and sustainable practices. Tailored for today’s dynamic markets, it includes specialised courses like Global HR Management and Strategic Management, and culminates in a Capstone Project where students apply their learning to real-world challenges. This approach ensures graduates are equipped to lead effectively in diverse settings.

Help’s Online MBA is priced at RM30,000      

How to Choose the Right Programme

Choosing the right 100% online MBA programme depends on several factors, including your career goals, financial situation, and personal commitments. Here are some tips to help you make the best decision:

    •    Align Your Choice with Career Goals: Consider which specialisation aligns best with your career aspirations. For example, if you’re aiming for a leadership role in finance, a programme with a strong finance specialisation might be the best fit.

    •    Consider the Long-Term Financial Benefits: While the cost of the programme is important, it’s also crucial to consider the long-term return on investment. A more expensive programme with strong credentials and alumni outcomes may offer better career prospects and higher earning potential in the long run.

    •    Take Advantage of Financial Aid: Look for scholarships, financial aid, or employer sponsorships that can help offset the cost of your education. Many universities offer financial assistance to help students manage the cost of their studies.

If you’re ready to take the next step toward financial independence, consider exploring the 100% online MBA programmes offered by Malaysian universities. With the right programme, you can prevent yourself from getting left behind and build a more secure, prosperous future. 

Visit university websites, apply for programmes, or consult with educational advisors to get started on your journey to financial independence.

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