What are the criteria by which the Admissions Committee evaluates applicants?
ASB is seeking candidates with intellectual capability and a high degree of emotional maturity. When reviewing applications and interviewing applicants, we look for candidates who can articulate their professional and academic success, their ability to lead and influence others, and their collaborative spirit. Ultimately, the Admissions Committee seeks to assemble a class of highly qualified and diverse individuals who will bring the most to the MCB program and who will benefit the most from the program.
How does the admissions process work?
The admissions process involves four steps:1. In the first step, either a sponsoring central banks sends MCB the names of candidates it is willing to endorse, or an individual candidate expresses interest in the program while providing contact information for a central bank official who would provide the endorsement.2. The candidate applies for admission through the Applications Portal: (need http link here)3. Based on an assessment of the application, the committee decides whether to invite the candidate to an interview, either in person or over a video call (e.g., Skype).4. The committee follows a rolling admissions process. At least once a month during the admissions process, the committee meets to select candidates to be offered places in the program and other candidates to be placed on a waitlist. This process is repeated until all the places have been filled.
What is the application fee?
At this time, ASB does not require an application fee.
How does ASB evaluate the English proficiency of an applicant?
In accordance with Ministry of Education (MoE) requirements in Malaysia, all applicants whose native language is not English, OR applicants who have not received a university degree taught in English, must provide proof of their English language proficiency by submitting one of the following valid test scores (the minimum required score is in brackets):• IELTS (Overall band 6.0)
• TOEFL (60)
• Cambridge English Advanced/Proficiency
• Pearson Test of English (PTE) Academic (50)
• Malaysian University English Test (MUET) (Band 4)We can only accept English language proficiency test scores taken within two years of the date of the intake you are applying for.
Who reads the MCB applications and conducts the interviews?
Applications are reviewed and read by the professional admissions staff as well as selected faculty and senior leadership of the MCB program. Additionally, interviews are conducted by members of the MCB Admissions Committee.
How important is the interview within the final admissions decision?
An invitation to an interview means that the candidate has been shortlisted for further consideration. We look for emotional maturity and the applicant’s ability to communicate in a clear and professional manner. Furthermore, the interview is used as a platform to get to know you better, beyond what is found in your written application. The interviewer will provide his/her recommendations to the Admissions Committee.
How long does an interview last?
An interview typically lasts approximately 45 minutes.
Does an applicant have to travel to Kuala Lumpur for an interview?
Interviews are conducted in hub cities around the world as well as on-campus in Kuala Lumpur. When necessary, interviews are conducted via Skype.
What does it mean to be on the waitlist?
The waitlist process differs from year to year, and will depend upon the number of applications we receive. Generally, waitlisted applicants will be automatically considered in the following round and will receive an updated decision in that round.
Does the MCB program offer deferrals?
The MCB will consider deferral requests on a case-by-case basis.
Do I need to submit copies of my transcripts?
You will be required to scan and submit your transcripts from all institutions from which you earned a degree. During the application process, we will accept unofficial transcripts, but formal transcripts are required by Malaysia’s Ministry of Education for matriculation and approval of your student visa. If your transcript is not in English, you will be required to provide an official English translation of your transcript when applying. You may use a professional translator in your locality or an English translation done by your university. If your educational institution does not use a 4.0 Grade Point Average (GPA) grading scale, you must ensure that your transcripts include a description of the grading scale. If your transcripts do not provide this information, you must submit supplemental official documentation describing the grading scale used. It will also be useful if you can provide supplemental official documentation that indicates the GPA (on a 4.0 scale) based on the grades or points awarded by your academic institution.Applicants admitted to the program will be required to provide an official transcript signed and sealed from each school attended. All admitted students will receive further instructions after they receive their admission decision. Any discrepancy between the scanned transcripts and official transcripts may result in withdrawal of our offer of admission.
How relevant are previous academic grades?
All of your previous academic work is important to us, and we will consider it, as one component of your past performance, alongside everything else in the evaluation process.
If I have a Master’s and/or Ph.D. degree, would I need to submit transcripts and degree certificates of these?
Yes. We require scanned copies of your transcripts and degree certificates for all degrees as part of your application. If these documents are not in English, we would require official English translations of these as well.
What sort of financial aid is available?
Most MCB students are expected to be supported by their host institution. However, for exceptional cases of need, ASB is attempting to source some scholarship funding.
What is the housing situation for MCB students?
In January 2020, ASB will celebrate completion of its newly constructed Residential Center adjacent to the academic campus. Available residential units include, one-, two- and three-bedroom apartments, all fully air-conditioned and furnished with linen, cookware and furniture. MCB program tuition includes housing in a basic unit, with larger units available to families for a nominal fee. The ASB Residential Center will eventually include a dining area, a fitness center, parking, a daycare center, a sundries, shop, and other amenities.
What is it like to live in Kuala Lumpur?
Kuala Lumpur (KL) is a modern, multi-cultural city, with a significant number of Western expats mixing in with people of heritages from Malay, Chinese, Hindu, and other Asian cultures. KL has all the amenities of the major cities of Asia, but with much cleaner air, on average, and less dense congestion than many. The ASB campus sits on the edge of the “Green Lung” of Kuala Lumpur, so that directly to the west of the campus are vast green areas ideal for walks and bicycling. However, on the eastern edge of our campus sits a rail stop for the KTM commuter line, which links ASB to all other areas of the city, including to the Kuala Lumpur International Airport (KLIA).
Can I bring my spouse and/or children to ASB with me?
Families are very welcome at ASB. As mentioned, the ASB Residential Center can accommodate families with larger apartments and daycare facilities. Full-time university students typically get residential visas for spouses and children without any issues, although working visas for spouses typically require a job offer from a Malaysian institution. Kuala Lumpur has good schools, including international schools, that offer English language instruction, as well as schools where the primary language of instruction is Chinese or Bahasa Malaysia.
Where will I live during the six-week academic term at MIT in Cambridge, MA, USA?
As we do for our ASB MBA students when they travel to MIT, we expect to house all of our MCB students at the Marriott Residence Inn, in Kendall Square, adjacent to the MIT campus. That, or similar housing, with double occupancy rooming, is Included in the ASB tuition. For students preferring a single room or preferring to bring a spouse and/or children, the added room cost must be covered by the student or his/her host institution. To date, we have had a 100% success rate in getting student visas to the USA for all of our MBA program participants, and we expect the same results for the MCB program students. We have an almost 100% record in securing spousal visas for the USA program, but we cannot guarantee 100% assurance for spouses desiring to accompany students to MIT. However, spouses remaining in KL during the MIT program will be able to reside in the ASB Residential Center as a part of the overall student package.