Mandatory Program Fees

The fees below apply to the 2022 MBA intake and may be subject to change. Incoming students are guaranteed a fixed rate for the duration of their 20-month stay. The 20-month ASB MBA Program Fees are inclusive of:

  • Tuition fees
  • Accommodation (in Kuala Lumpur and during Action Learning projects, Industry Treks and the MIT Immersion Program)
  • Action Learning Projects and associated travel
  • MIT Sloan Immersion Program
  • Visas
  • Insurance
  • School supplies

International Students MYR365,000 (approx USD91,000)
Malaysian Students MYR265,000 (approx USD66,000)

*The above program fees do not cover the cost of food and personal expenses or accommodation and expenses associated with the summer semester.

Estimated Personal Expenses

The estimated cost of food and personal expenses for the duration of the program can vary significantly. The variance depends on personal preferences and lifestyle choices.

MYR75,000 (approx USD18,000)

Read how an international student planned and tracked her personal expenses as an MBA student.

Additional Information
  • Enrollment Deposit
    If you are admitted to the MBA program, you will be required to pay an enrollment deposit of MYR10,000.
  • Housing Security Deposit 
    If you are admitted to the MBA program, you will be required to pay a housing security deposit of MYR1,000.
  • Malaysian Currency
    In Malaysia, the currency used is the Malaysian Ringgit (MYR). All costs are stated in MYR, so please use a currency converter to find up-to-date exchange rates.

Contact student financial services to find out more about need-based financial aid and the billing process.

Contact Student Financial Services

Financial Aid

ASB aims to attract world class MBA talent and is committed to being market leaders in scholarship and financial aid. All admitted students receive some form of financial aid.

ASB Fellowships

All Full-Time MBA applicants are considered for generous merit-based Fellowships up to the full amount of our Program Fees for the entire program duration.

This includes accommodation on campus and during Action Learning onsite visits, as well as course materials, insurance, visas, and travel expenses incurred as part of the ASB MBA curriculum.

Please note that this Fellowship does not include personal and day-to-day living expenses such as food or the cost of housing over the summer semester.

To be considered for an ASB Fellowship, applicants must not be bonded, hold any other scholarship or receive assistance in full or in part from any organization. However, admitted students may apply for additional sources of financial assistance administered by external foundations and organizations. All admitted students are required to notify ASB of all external grants/financial assistance/awards received that are meant to defray costs of studying at ASB, whether for Program Fees or living expenses.

Fellowships will be awarded based on the merit of the submitted application. There is no separate Fellowship application form.

The Admissions Committee will evaluate the application to the ASB MBA program and the Fellowship amount simultaneously. All decisions are at the discretion of the ASB MBA Admissions Committee and are final.

Fellowship decisions are market-based and dynamic in nature. Awards take into consideration the rolling composition of the applicant pool and enrollment yield at the point in the cycle at which an applicant is being considered.

For priority Fellowship consideration, applicants are encouraged to apply early in the admissions cycle (Round 1 or Round 2 deadlines).

To apply for an ASB MBA Fellowship, please apply to the ASB Full-Time Residential MBA Program here during the relevant deadline periods as posted on our application portal.

Please note that the procedure that ASB has in place is such that if an applicant comes from a company that the school has a corporate scholarship/sponsorship partnership agreement with, he/she may not be considered for ASB merit-based fellowships. Such individuals should pursue the scholarship opportunity that exists with their employer for corporate sponsorship to the ASB MBA program. If you have questions related to employer sponsorships, please contact the admissions team.

30% Club Fellowship

The 30% Club is a global business-led campaign focused on building an ecosystem of partners towards a common goal – the promotion of diversity, equity and inclusion (DE&I). The 30% Club plans achieve this through working with corporates and regulators to emphasize gender balance within Boards and C-Suites as well as fostering truly inclusive cultures.

More information on the 30% Club may be found here and the 30% Club Malaysian Chapter is here.

Applicants to the MBA-FT program are eligible to apply for this fellowship by the Round 2 deadline of 25 January 2022. However, applying earlier by the Round 1 deadline of October 21 2021 may be beneficial to your chances for consideration. To apply, please answer the accompanying question in the application and write an essay using the prompt given below:

  1. What challenges have you faced in the workplace with regards to diversity, equity and inclusion; and what was the outcome of any action you took or reflection that you made?
  2. What do you think that employers can do to help advance diversity, equity and inclusion?

(Not more than 500 words).

Corporate Sponsorships

Professionals working at ASB corporate partner organisations may be eligible for a Corporate Sponsorship. To be considered, reach out to us at admissions@asb.edu.my to confirm your interest and we will work with your employer to select Sponsorship recipients.

Current MBA Program Sponsors

  • AirAsia Group
  • Petroliam Nasional Berhad (PETRONAS)
  • Jabatan Perkhidmatan Awam Malaysia (JPA) via HLP (Hadiah Latihan Persekutuan) Scholarship
  • Majlis Amanah Rakyat (MARA)
  • Bank Negara Malaysia (BNM) via BNM Staff Scholarship
  • Usaha Tegas Group of Companies via Yayasan Daya Diri (YDD) Scholarship
    • Astro
    • Maxis
    • Bumi Armada
    • Usaha Tegas

If your employer is not listed in here and you are aware that they offer postgraduate sponsorships, reach out to us at admissions@asb.edu.my.

The Tan Sri Yeoh Tiong Lay (YTL) Scholarship Award

Tan Sri Yeoh Tiong Lay (YTL) Corporation’s YTL Foundation has generously provided ASB with an endowed scholarship fund, which enables the ASB Admissions Committee to award a scholarship to a deserving candidate once every two years. This is an un-bonded scholarship award available to a Malaysian applicant who is granted admission to the ASB MBA-FT program. To apply, please write an essay prompt found within the online application and submit with your ASB MBA-FT application, as soon as possible.

The YTL Foundation was established in 1997 on the belief that education is the basis on which every society progresses. The YTL Foundation has since provided educational aid to deserving individuals with great potential, who would otherwise be denied opportunities to pursue higher education. Over the years, the Foundation has grown to play a significant role in helping raise the standards of education in Malaysia.

YTL Philosophy & Core Values

YTL has a philosophy on “Building the Right Thing” through their 5 core values as outlined here.The scholarship aims to recognize all-round high achievers who embody these philosophies and values.

Tan Sri Dato’ Sri Dr. Teh Hong Piow Public Bank (PBB) Scholarship Award
PBB has generously provided ASB with an endowed scholarship fund, which enables the ASB Admissions Committee to award a scholarship to a deserving candidate once every two years. This is an un-bonded scholarship award available to a Malaysian applicant who is granted admission to the ASB MBA program. To apply, please write an essay prompt found within the online application and submit with your ASB MBA-FT application, as soon as possible.
Additional Financial Aid

Additional need-based financial aid options are available to those admitted to the MBA program to help cover the cost of our Program Fees. Please reach out to our Student Financial Services office for more information.

Connect Now