Asia School of Business

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When you think of a Master of Business Administration (MBA), it often conjures the big rewards in store for those who use it to climb to the highest ranks of the world’s most profitable companies.

The up to 100% salary boost and easier access to a network of the world’s movers and shakers come to mind too, but that barely scratches the surface of the benefits of an MBA.

Earning an MBA gives you the knowledge you need to take command of the wider world and not solely, as many assume, to become a profit-driven leader.

The skills and learnings you gain from an MBA can be applied anywhere, even in non-profit and philanthropic organisations — like Kennedy Baboloki Kwati discovered.

A journey of social impact

Born and bred in Botswana, Kwati knew he’d be pursuing an MBA once he completed his Bachelor of Business Administration at the University of Botswana.

Like most, he looked to the West, where many of the world’s most prestigious MBAs are located, but status alone wasn’t what Kwati was looking for.

Kwati worked with Youth Impact, a non-governmental organisation (NGO) that scales evidence-based programmes in health and education, for most of his undergraduate years.

He was roped into the Operations and Development Officer role for this newly formed organisation to be part of the founding team, and that kicked off the start of his work in social impact.

After Youth Impact, Kwati landed an Operations and Logistics Consultant role with Africa CDC, an African Union health agency. Later, he worked as a Project Lead, a Programs Operation Manager, and finally, the Chief of Staff at the African Leadership University (ALU), an edtech social enterprise empowering future African leaders.

So, furthering his education in business operations just made sense.

However, only a handful of US universities offered such programmes. Despite getting accepted into some of them, Kwati decided to delay his admission due to COVID-19 and when he was deeply involved with ALU.

Enjoying the benefits of an MBA starts by finding the right MBA for yourself. Source: Kennedy Baboloki Kwati.
How to choose the right MBA

It was by chance that he came upon the Asia School of Business (ASB).

“I was on a holiday with a group of friends, and one of them was an American who was also applying to business schools at that time,” says Kwati. “She applied to ASB, got in (but ended up not enrolling), and told me all about the school.”

This interaction sparked Kwati’s initial interest in the school, but it was the experiential Action Learning projects found in ASB’s MBA curriculum that sealed the deal.

“Coming from a non-profit background, I wanted to open myself to the possibility of entering a corporate entity after my MBA,” says Kwati. “Therefore, I felt like the Action Learning projects would be a really good way to demonstrate understanding and ability within the for-profit space because I didn’t have experience there.”

ASB being located in Malaysia’s capital city of Kuala Lumpur was another plus point in Kwati’s books – it was an opportunity to leap into the Southeast Asia region, a place he had never explored.

And beyond that, ASB itself had an intriguing identity. The school was founded as a collaboration between MIT Sloan School of Management and Bank Negara Malaysia, the Central Bank of Malaysia. Here, both bodies collaborate on the design of the academic programme, curriculum, organisational structure, admissions, and the administration of the school.

“I’ve worked for most of my life with a government body, and I find this collaboration to be very unique with two different entities coming together with different expertise and competencies,” says Kwati. “It’s very unusual, right? So, for these reasons, I packed my bags and headed to Malaysia.”

“I came in as a blank check, and I wanted to see what I could get out of it, and I think a beautiful canvas has come out of my time here.”

Action Learning projects are a key part of the MBA curriculum in the Asia School of Business. Source: Kennedy Baboloki Kwati.
The benefits of an MBA: From student to the ‘go-to guy for financial modelling’

Kwati joined ASB’s MBA programme with minimal expectations. The only expectation he did have, however, was on networking.

“When I was applying for an MBA and talking to people around me about it, they told me that I wasn’t going to learn anything from an MBA, that MBAs were just for networking,” says Kwati.

“I joined the programme thinking I suck at networking; I’m not a people person, so the biggest thing I’m going to get out of this is a network.”

The biggest help when forming networks was staying in ASB’s multi-block residential facility, which houses up to 350 visiting and full-time students at any time.

With housing shortages and scams occurring, having access to accommodation overseen by the school is always welcomed. For Kwati, living in the same residence as his cohort has been spectacular.

“You go to one person’s room for dinner one day, and someone else’s the next, and it’s fantastic,” says Kwati. “You wouldn’t be able to get this type of experience if you were not on a residential campus. We always tell our juniors who have the opportunity to stay on campus to do it because the quality of relationships that you can build with your peers will be amazing.”

Plus, for someone who proclaims not to be a people person, Kwati ended up being the Class Co-President of his cohort too.

But the benefits of an MBA didn’t just end there.

“I think I’ve completely disproved the theory that an MBA is all about networking,” says Kwati. “Don’t get me wrong, networking is important, but I learnt a shit ton of things from the MBA.”

“I wanted to come in to learn, I didn’t want to do this whole ‘Yeah, let me just join for the networking,’ I wanted to learn about finance, I wanted to learn data analytics,” says Kwati.

“Now, I’ve become the go-to guy for financial modelling. That, to me, indicates just how much I’ve been able to capitalise on the learning opportunities in the MBA.”

One of the benefits of an MBA is being exposed to experiences that you would never have otherwise. This is a picture taken during Kwati’s Action Learning project in Sarawak, Malaysia. Source: Kennedy Baboloki Kwati.

These learning opportunities are significantly heightened during the Action Learning projects.

Whether it was improving the profitability of an aerospace manufacturing company or exploring East Malaysia’s longhouses to develop a corporate social responsibility strategy, Kwati had a lot to take away from those experiences.

His project in Vietnam, in particular, was memorable for various reasons. Aside from being exposed to a new country, it was also one of the most difficult and technical projects that Kwati had taken.

The task involved pulling knowledge from areas the team lacked, such as expert-level knowledge of financial derivatives, modelling, hedging, and risk management.

“Within four to five weeks, we basically became experts in each of these areas, and then helped the client to develop a financial model and made it make sense to the board,” says Kwati. “But because the board doesn’t operate at the level of detail, we had to abstract the technical project and present it as a strategy, which was very challenging.”

“It was probably the one project where we were working 14 to 16-hour days, just because it was just so much material to get through and required so much from us, but I learned a lot.”

And while the four-week MIT Sloan immersion is a highlight for many in ASB’s MBA programme, Kwati created a different type of memory at one of the world’s most prestigious universities.

“One of my favourite sports is kayaking, and I got to kayak on the Charles River,” says Kwati. “It is by far the most unbeatable experience I’ve ever had.”

“If it wasn’t too cold during the weekend, I would head to the Charles River for a couple of hours and just sit in the kayak or paddle to the different points in the river. That was my standout experience during the immersion weeks.”

The Asia School of Business MBA cohort pictured during their four-week MIT Sloan immersion experience. Source: Kennedy Baboloki Kwati.
Returning full circle to doing good for the world

Coming into the MBA, Kwati’s goal revolved around equipping himself with the skills needed to become a consultant. Now, he’s certain his heart is in development.

“After reflecting, I’ve come to the realisation that what really matters to me and what’s most important is doing good with my life,” says Kwati. “Working in finance for the sake of making money doesn’t seem particularly appealing to me. Consulting is exciting work intellectually and I would be very happy doing it, but spiritually and emotionally, I wouldn’t be fully bought into it.”

For Kwati, this is coming back full circle to his earlier work in social impact – exactly what he was up to before he enrolled in the programme.

This time, though, he’ll be better equipped.

“Having an MBA has given me an understanding of how companies make decisions,” says Kwati. “It teaches you how to have a conversation with people across the aisle, understand where they’re coming from and what is important to them.”

Originally published by Study International.

 

In today’s fast-paced world, where the shelf-life of skills is fast-plummeting, the one-year MBA program is emerging as an attractive option for students seeking a business-oriented personal transformation.

The agile economy deserves an agile education system. According to the Prospective Students Survey by the Graduate Management Admissions Council, a growing number of respondents now prefer the shorter, more intensive year-long option—a testament to the shifting landscape of business education.

Asia School of Business (ASB), whose MBA in collaboration with MIT Sloan is recognized by Poets & Quants among the hottest MBA programs in Asia, announced its 1-year MBA last year. It is, in my view, a matter of time before students demand an even greater degree of agility.

IN THE U.S. THE ONE-YEAR MBA ‘REMAINS SOMEWHAT NICHE’

In the United States, most business schools are attached to larger universities. There may be a presumption that the osmotic enrichment can occur immersion in the larger ecosystem justifies the 2-year MBA. The 1-year MBA has remains somewhat niche.

But the calculus of MBA’s is changing. Does longer immersion really provide the extra value that is claimed at every university? Many schools in Europe and Asia, particularly stand-alone institutions, have shifted, or are shifting to 1-year degrees. The London Business School announced its 1-year intentions this year with the dean’s memorable “peak MBA” line.

While large research-oriented institutions such as MIT, Harvard, Stanford, Northwestern, and the University of Pennsylvania may be able to provide an enriching experience commensurate with the time commitment, many institutions are finding themselves out of sync with the realities of work, the flywheel of innovation, perhaps most importantly, the need for continuous reinvention.

MIT’S ONE-YEAR SLOAN FELLOWS PROGRAM

Even MIT, with its enviable ecosystem, pioneered the 1-year Sloan Fellows program, recognizing that senior execs have higher opportunity costs. Degrees in general are under pressure as micro-credentials find more acceptance. As the Vice President for Open Learning at MIT, I was involved in the creation of the MicroMasters Certificate. The onus is now on academics to address pressing questions about degrees, such as: (a) how quickly does the delivered learning depreciate in value? (b) how authentic is the learning—i.e., is the learning bookish, or is it truly internalized and actionable? (c) how “meta” is the learning—i.e., does the experience at school prepare you for a lifetime of reinvention; (a) does the value of the degree exceed the tuition and opportunity costs maximize learning?

Since its founding, the Asia School of Business has addressed the first three issues — effectiveness, durability, and translatability — through its unique combination of MIT-style rigor, an unwavering commitment to action learning, exposure to world-class, research-oriented faculty both from ASB and visiting from MIT, and a transformative immersion for our students at MIT Sloan, where osmotic development can occur.

However, the world entered a new era during covid: everything was digitized. Fast on the heels of this forced digitization came generative AI, a technology that is well setup to thrive on newly digitized processes. The consequences are potentially massive: for businesses, for economies, for societies, and even for nations. Continuous education has, ironically, become increasingly urgent at a time when the opportunity cost of a break to educate oneself is also increasingly expensive.

WHY ASB REDESIGNED ITS TWO-YEAR MBA INTO ONE

It is in response to pressures of cost efficiency and time-efficiency that we at ASB have redesigned our program from one that took 2 years to one that only takes a year and, at the same time, reduced the tuition to less than $35,000.  This has addressed the last 2 of the 5 points discussed above.

In doing this redesign, we have been careful to maintain a focus on effectiveness, durability, and translatability. All the key features – from our rigor, to pedagogy, from action learning to immersions on campus and at MIT remain central aspects of the programs. In fact, we have doubled down on the immersive aspects of the program but creating a new personal development program for our students titled “Growth Mindset,” and created a new Innovation and Entrepreneurship Center that provides our students, alums and exciting local innovators a single co-working and mingling space.

Our goal is to launch students, effectively and affordably, with the superpower of being able to adapt and thrive in a rapidly changing world.

Originally published by Poets&Quants.

The Indian diaspora reaches far and wide, with many young people choosing to explore the world and build successful careers away from home. The US boasts one of the largest Indian populations, with over 4 million talented Indians expanding their experiences and learning, sharing their culture and making a positive, lasting impact in businesses big and small.

South East Asia is an increasingly popular destination, and in particular Malaysia. A vibrant economic centre, the country has become a leading education hub in the region. With a rich and diverse culture, in one of the world’s safest countries, cities such as Kuala Lumpur offer a world-class education that is far more affordable than neighbouring Singapore, the UK or North America. 

Sanjay Sarma, an IIT graduate and former Vice President for Open Learning at MIT has chosen Malaysia for the next chapter of his impressive career. The engineer, businessman, father, author, and professor last year accepted the position as the Dean, President and CEO of Asia School of Business (ASB) in Kuala Lumpur. 

His new leadership role made perfect sense to him. ASB was founded as a collaboration between MIT Sloan and the Central Bank of Asia. Students benefit from learning from both institutions, with a one-year MBA that will prepare them for their career, both in terms of the immersive Action Learning they will discover, and the cultural experience they will enjoy.

Read the full article HERE.
Originally published by Times of India.

THAT small and medium enterprises (SMEs) are an important contributor to Malaysia’s gross domestic product (GDP) and workforce make it crucial to ensure they are resilient. And that calls for a coordinated approach by the government in building a robust ecosystem for the sector.

Elaborating on this, Asia School of Business deputy CEO and practice professor of finance Joseph Cherian tells StarBizWeek it is imperative to have an aggregated as opposed to a fragmented or siloed approach towards supporting and strengthening the SME ecosystem, as SMEs play a vital role in the local economy.

Read the full article HERE. 
Originally published by
The Star.

We sit down with Sanjay Sarma, the newly appointed CEO and Dean of the Asia School of Business, to explore the transformative impact of AI on education. With AI technologies like ChatGPT on the rise, tertiary education is at a pivotal moment of change. Sarma will share his insights into how AI will influence educational practices, and the challenges and opportunities these technologies pose for future graduates. He brings a wealth of experience in open learning and academia to shed light on the future of learning in an AI-driven world. Discover how technology is reshaping education and redefining the roles of educators and students alike.

Listen to the full interview below.

Originally published by BFM.

Kennedy Baboloki Kwati is a curious generalist passionate about bridging big ideas with action. Born in Botswana and completing his undergraduate degree there, Kwati understood how education took him from his village into the spaces he now sits in. He previously served as Chief of Staff at the African Leadership University, an edtech social enterprise empowering future African leaders. Today, he is a MBA candidate at Asia School of Business, in Kuala Lumpur. Africa.com spoke to him on his educational journey and what doors this overlooked sector plays in the continent’s sustainability.

What led you into the education space?

Life wasn’t easy.  We didn’t have much, but what I did have was this burning desire to make something of myself and improve my situation. For a kid like me from that kind of background, education was the only real shot at changing my circumstances. It was the pathway to opportunities that could lift me and my family out of the struggles we faced daily. School was everything – it gave me hope for a better future.

So it’s no surprise that once I grew up and experienced a bit of the world, I felt this deep calling to give back and help create those same opportunities for other kids just trying to get a foothold in life. Whether it’s through education initiatives or other programs, I’m driven to level the playing field for those without access to the basics that can set them on an upward trajectory.

I’ve been there, living that reality of having the odds stacked against me. And I’ll never forget where I came from and how education was my way out. That’s why this work means so much to me on a personal level – it’s about breaking cycles and creating pathways for others in other dusty streets across Africa and the world to dream bigger.

What lessons do you have from your time at African Leadership University (ALU)

Oh man, my time at ALU was one wild ride – challenging as hell at times, but also incredibly rewarding. Let me lay out a few key lessons that really stuck with me.

First up, putting together a top-tier university from the ground up is no joke. Providing a truly world-class education ain’t cheap, and we shouldn’t have to compromise on quality just because it’s in Africa. Our graduates deserve to be globally competitive, period. But pulling that off takes serious hustle. We’re talking long hours, high stakes, making it work with limited resources sometimes. It was a grind, but also energizing to be part of building something so impactful.

That leads me to lesson two – having a crystal clear, inspiring vision is game-changing. When your “why” is powerful enough, it becomes this driving force that aligns and mobilizes everyone. We could and did debate strategies and hammer out details, but that big picture vision kept us focused and united.

Finally, COVID was one hell of a stress test that really proved what ALU was made of. When lockdowns hit in 2020, we had to transition the entire university online basically overnight. I vividly remember the adrenaline-fueled night working around the clock to get our digital infrastructure up and running. By 9 am the next morning after lockdown was announced in Rwanda, our classes were live-streaming without skipping a beat. Seeing that coordinated execution in crisis mode was impressive as hell. But it was also a vulnerable, anxiety-ridden time trying to be that reassuring voice for students while the world was going haywire.

So my experiences from ALU showed me what a small team of deeply committed, resourceful and somewhat well-resourced people can achieve against the odds. More than that, it gave me supreme confidence that we could tackle any challenge thrown our way with creativity and resilience. We took our lumps, but emerged stronger and bolder together.

Why Asia?

You know, some people say parts of Africa are where Asia was a couple decades ago in terms of economic development and opportunity. Could be true, could be off base – I don’t really know for sure. But what I do know is that there’s a ton we can learn from this part of the world that’s been rapidly transforming.

The business world has its eyes on South East Asia as an emerging powerhouse, so I figured, why not go straight to the source and see what all the fuss is about? Also, I really wanted to gain some exposure to this part of world, maybe I can bring some valuable lessons into my future work.

Funny story actually – I first heard about the Asia School of Business MBA program in Malaysia from an American friend I met while living in Rwanda. Talk about an unlikely connection! But when I looked into the school’s background, focusing on experiential learning, it just clicked. Their whole learning philosophy resonated with me after my time at ALU. I was drawn to being part of a young, pioneering business school looking to shake things up. It felt like a seamless next chapter. So once I mapped out a path to get there, I ran with it. Best decision!

And the MIT portion that’s part of the MBA was such a treat. There’s just this indescribable energy and spirit of possibility at MIT that’s infectious. Combining that with all the exciting activity in South East Asia lights a fire under you, makes you want to be a part of writing the future rather than just reading about it.

That’s ultimately why I had to do my MBA at Asia School of Business – to immerse myself in the action and soak up all those dynamic perspectives. If parts of Africa really are on a similar trajectory, then we should pay attention and learn everything we can to play a role in propelling us forward. ASB may be the perfect training ground!

What is your opinion on the state of education on the continent?

Alright, full transparency – I’m no education expert by any means. My experience is more on the operational and business side of things rather than actually teaching in the classroom. But I do have some thoughts.

From where I’m standing, quality is on a concerning downward slide, at least in mainstream public education systems. And it’s stemming from a couple of troubling, self-perpetuating cycles.

  1. First up, the talent pipeline for good educators just isn’t what it used to be, at least in my humble opinion. I vividly remember as a kid being taught by those passionate, called-to-the-profession type teachers who saw it as their life’s purpose to uplift young minds. Nowadays though, way too many people seem to be stumbling into teaching not because they’re spiritually devoted to the craft, but because they don’t have better options. And can you blame them? Teachers are paid peanuts, especially in public schools. The respect and prestige of the profession has eroded over time. So naturally, you’re not going to attract as many of the truly gifted, inspiring humans to those roles. And when the teachers themselves are flatlining in engagement and motivation, it absolutely grinds down the quality of learning happening in their classrooms. It’s this vicious cycle eating away at education.
  2. The second problem I see is that we’re just fundamentally missing the point of what education should achieve these days. I worry that phenomena like social media, that instant dopamine feedback loop of likes and shares, have massively distorted how we measure and validate quality learning. Same goes for AI writing tools defusing the need for rigorous thinking and communication skills. Stuff like rampant grade inflation makes it impossible to separate the wheat from the chaff. Which just reinforces more misaligned incentives for students to chase empty credentials rather than deeply absorbing knowledge and developing vital skills.

These trends span the whole world, for sure. But I’d argue Africa is getting pulverized the worst because the vast majority of Africans can only access the public education system. So if these negative loops keep spinning out of control unchecked, it’s only going to exacerbate our human capital crisis and make it even harder for the continent to compete globally.

We’re playing catch-up in so many areas already. The absolute last thing we can afford is to keep sleepwalking through the erosion of our education foundations and crippling ourselves from a human potential perspective. Getting this fixed has to be the urgent priority. I don’t have all the answers. But I know that passionate, innovative educators and thinkers better start getting valued and empowered with a real mandate to revolutionize our approach. Otherwise, we’re just robbing future generations of their birthright – the opportunity to access truly transformative education as a lever for economic mobility and human flourishing.

Lastly, how can Africa ensure its education system is fit-for-purpose?

Man, this is a big one that gets me riled up. In my view, education in Africa has been totally hijacked by ideologues obsessing over stuff like “decolonizing” curriculums and pushing this myopic “African solutions for African problems” mentality. But they’re missing the bigger picture entirely.

At the end of the day, we need an education system laser-focused on equipping African talent with skills to thrive in the global job market and fostering innovation that can uplift our communities. All this philosophical navel-gazing about what qualifies as “African” knowledge is a destructive distraction from the real work of building world-class human capital.

Look, I’m all for ensuring African voices and perspectives get a rightful seat at the table in academia and don’t get erased from mainstream discourse. Our stories and cultures absolutely deserve to be preserved and amplified. But not at the cost of handicapping our young people’s competitiveness and future prospects.

Africans, like anyone else, simply want access to the best education and training available that prepares them for success – whether that pedagogy originated in Africa, Asia, Europe, or Mars. We’re not naive consumers who will settle for shoddy products just because they check an “African” branding box. Nobody operates that way. People buy what works and what creates value, period. So Africa’s education priority needs to be sourcing and providing efficacious models and curriculums that measurably elevate outcomes and skills-mastery. Wherever those happen to come from is totally irrelevant.

We can’t afford to keep coddling fragile egos or antiquated ideological hangups. That path just breeds insular mediocrity and subpar graduates unequipped for the modern world. Our young people deserve learning that unlocks their fullest potential and opens genuine doors to opportunity on the global stage.

Does that mean jettisoning African identity and history from curriculums entirely? Of course not. We have to find the right balance of building a proud sense of self while also ramping up future-focused STEM skills, creative problem-solving abilities, entrepreneurial thinking – all the goods that seed genuine socioeconomic mobility. But ideological purity tests and pandering can’t be allowed to trump providing the highest quality, most empowering education possible. Our existential priority has to be rapidly developing world-class human capital, even if that means pivoting from constraining dogmas and difficult truths. The stakes are just too high.

Originally published by Africa.com.

The global landscape is currently undergoing a transformative shift marked by ageing populations in countries such as Japan, South Korea, China and the European Union. This demographic evolution has far-reaching implications, extending beyond these nations to emerging economies like Malaysia, as indicated by data from the Department of Statistics Malaysia

Read the full article HERE.
Originally published by The Edge.

 

Aligned with our country’s energy transition objectives, the government has established the Energy Exchange Malaysia (ENEGEM) to facilitate cross-border green electricity sales to neighbouring countries. Ganesha Pillai, Senior Research Associate, Center for Technology, Strategy and Sustainability, Asia School of Business shares his insights into the impact of this initiative on regional energy dynamics.

Listen to the full interview below.

Originally published by BFM.