The Complete Guide To Study International Business Management in Malaysia

This program prepares the students on international business operations, trade, finance in the global economy, and inter-business cross-cultural relations. After three years, the students get specialized to manage international business undertakings, as universities like Taylor’s and Sunway help the learners. graduates can take up jobs in international marketing, international accounting, and with multinational companies.

Country

Malaysia

Duration

3 Years

Fees

$7,500+ Yearly

Field

Bussiness

Program Overview

International business is a much-anticipated field of education in today’s world. It focuses on the most critical areas of a business, such as the strategies, operations, and management required for the successful execution of those operations and strategies. It prepares individuals who can expertly handle the operations of every business globally while ensuring their operations fully align with international standards and regulations. The discipline teaches and trains students with the skills and knowledge required for successfully navigating the complexities of global investment and trade and managing overlapping cultures. It covers different aspects such as international finance, marketing, law, economics, etc. – preparing the graduates to come out in the industry with expertise in dealing with the latest global challenges and tackling the evolution of the worldwide business landscape well.

Studying international business can open the doors to versatile opportunities. It is a specialized field of study and requires a massive skill set to master itself. Moreover, the opportunities for an international business graduate are widespread across the industry. The US. Bureau of Labor Statistics reports that around 8% growth in employment opportunities is expected for international business graduates from 2020 to 2030. If you pursue a degree or diploma in the subject, there’s a great chance you’ll land great careers. There is a vast range of opportunities, including global trade and commerce, international finance, multinational corporations, global marketing, international law and policy, etc.

There are many exciting courses taught in an international business degree or diploma program, including global trade and finance, principles of international business, international marketing, cross-cultural management, international economics, international business law, global supply chain management, strategic management, international human resource management, and foreign language. The most exciting part is that most international business programs come up with an opportunity to let you study abroad. According to NAFSA, most of the estimated 340,000 US. students who studied abroad the recent year were pursuing education in international business. The top universities of Malaysia offering either a degree or diploma program focusing on international business can be listed as follows:

1. Taylor’s
2. ⁠UKM
3. ⁠Nottingham Malaysia
4. ⁠Sunway University
5. ⁠MMU

Why Study International Business?

There are many reasons why international business is an excellent field of education; a few prominent among them can be described as follows:

Global Career Opportunities: International business, as the name suggests, opens doors to an international world of working opportunities. With the skills to understand complex global business challenges and the expertise to navigate cross-cultural differences at work, international business graduates are highly demanded by top international and multinational organizations from around the world.

Understanding Diverse Market: With the world becoming more global daily, the business landscape quickly shifts towards globalization. In such a scenario, people who are well-versed in the international market and understand the complexities of the diversity of human nature concerning their cultural and religious backgrounds are always the top choice for organizations. Students of international business are trained to understand multiple languages and a study conducted by the Americal Council on the Teachings of Foreign Languages found that no less than 60% of employers of international business positions prefer candidates with good language skills.

Skill Development: Degree or diploma programs in international business often seem to offer students a wide range of skills, including problem-solving, strategic thinking, leadership, and effective communication. The courses mainly taught emphasize the elements of critical and analytical thinking and the practical implications of using case studies and situations from the real world. Therefore, you can graduate as a highly skilled individual who would be the top choice for potential employers worldwide.

Cultural Competence: The most significant advantage of studying international business is that it teaches you about cultural competence. As an international business student, you’ll learn to respect and appreciate the cultural differences and diversity among people, which is integral for working in a global environment. The program teaches you the skills to develop sound relationships with people from diverse backgrounds. It enhances your ability to navigate the rising differences and challenges in a multicultural environment.

Why Study International Business in Malaysia?

There are several reasons you should study international business in Malaysia; the best among them include the following:

Quality Education: Malaysia is known for being home to all the highly accredited and globally renowned universities that offer the best international business courses. Each of these courses and programs is accredited by professional global bodies such as the Malaysian Qualifications Agency (MQA), which ensures that quality education is offered to students at international standards. The curriculum has been rigorously developed with the latest developments in the world’s economy and upcoming trends in mind.

Affordable Tuition Fee: Compared to most educational institutions, Malaysian universities offer affordable fee options. By ensuring the best quality education and that global standards are not compromised, Malaysian universities make themselves an attractive destination for students with high-end academic dreams.

Strategic Location & International Exposure : Located in the very central heart of Southeast Asia, Malaysia offers strategic access to almost every economically growing state. It is an easy-to-access study destination for students aiming to get a quality education abroad and simultaneously experience an international perspective of business.

Vibrant Student Life: Universities of Malaysia are known for offering vibrant campus lives for both local and international students. These all-inclusive educational centers welcome students from varying cultures and allow them to engage with each other, enjoy multicultural festivities, and experience a fun-loving study environment where their academics are always complemented with the best extracurricular activities to ensure a balanced life.

Career Prospects

There are many well-recognized and high-paying career paths to pursue for graduates in international business; a few prominent among them can be listed as follows:

International Business Manager: The key role of an international business manager revolves around overseeing and coordinating the overall operations of the business, developing global business strategies, and ensuring that cross-border projects progress well and are managed perfectly. The key skills required for this role include project management, strategic planning, leadership, and cross-cultural communication. Glassdoor suggests that the average salary of an international business manager is somewhere near 100,000 USD per year.

Export and Import Manager: The core job responsibilities of an export and import manager are to manage the entire logistics operations involved in the exporting and importing of goods, ensure that all trade is carried out in complete compliance with policies and regulations, and optimize the efficiency of the supply chain. The key skill sets required for this role include negotiation, knowledge of international trade laws, and logistics. An export and import manager can make up to USD 85,000 every year on average and also possess the potential for growth over time.

International Marketing Manager: The core job of an international manager is to develop and implement effective marketing strategies that promote goods and services across global markets. The critical skills required to perform these job responsibilities efficiently include branding, market research, cross-cultural communication, and digital marketing. The average pay scale of an international marketing manager is around 100,000 USD per year.

Global Financial Analyst: The core job role of a global financial analyst is to thoroughly analyze the financial markets worldwide, assess the conditions of the world economy, and offer investment recommendations to clients based on the data and insights gathered. The skills required in this role include risk assessment, economic forecasting, data interpretation, and financial analysis.

International Trade Specialist: An international trade specialist is responsible for providing strategic advice about trade policies and regulations to related companies and facilitating the overall process of international trade, ensuring it goes through in perfect alignment with the set global standards and regulations. The key skills required for this role include policy analysis, negotiation, market research, and a thorough understanding of international trade laws and regulations.

Program Duration

Undergraduate Programs

1. Bachelors in International Business (3-4 years typically)

Postgraduate Programs

1. Master’s Degree in International Business (1-2 years typically)
2. Doctorate (PhD) in International Business (3-5 years typically)

Entry Requirements

The general entry requirements set by the Malaysian Qualifications Agency (MQA) are implied and followed by every professional university in Malaysia. They can be described as follows :

Undergraduate Programs

Academic Qualifications

1. A-Levels (at least two passes)
2. Matriculation/Foundation (at least 2.00 CGPA)
3. Diploma (a course-relevant diploma with at least a 2.00 CGPA)
4. Unified Examination Certificate (at least five Bs)
5. STPM (Sijil Tinggi Persekolahan Malaysia) ( at least 2.00 CGPA)

English Language Proficiency

1. At least one credit in SPM English or equivalent for Malaysian Nationals.
2. A minimum IELTS score of 5.5 or TOEFL score of 550 (paper-based) and 80 (internet-based) for international students.

Post Graduate Programs (Masters' Degree)

Academic Qualifications :

1. A relevant bachelor’s degree with at least a 2.00 CGPA.

English Language Proficiency:

1. At least one credit in SPM English or equivalent for Malaysian Nationals.
2. A minimum IELTS score of 6.0 or TOEFL score of 550 (paper-based) and 80 (internet-based) for international students.

Postgraduate Programs (Doctorate – PhD)

Academic Qualifications:

1. A relevant master’s degree with at least a 3.00 CGPA.
2. A well-crafted and subject-relevant research proposal is to be submitted.

English Language Proficiency :

1. At least one credit in SPM English or equivalent for Malaysian Nationals.
2. A minimum IELTS score of 6.0 or TOEFL score of 550 (paper-based) and 80 (internet-based) for international students.

Fee and Costing

The fee structures for both undergraduate and postgraduate degree and diploma programs in Malaysia vary based on the program you’ve chosen, the institution you might be looking for, the duration of study, etc. However, the generic cost of a bachelor’s degree in Malaysia may be between 20,000 MYR and 70,000 MYR (an estimated 5,000 USD to 17,500 USD) a year.

Postgraduate programs, however, may cost a bit higher, ranging from 25,000 MYR to 80,000 MYR (an estimated 6,250 USD to 20,000 USD) a year. The range is often similar for both master’s and doctorate programs. However, the total expense of doctorate programs might vary based on the nature and duration of the research involved.

But the good news is that most Malaysian Universities offer scholarships and financial aid to students in need. Many flexible payment plans are also offered to help accommodate students without strong financial backgrounds but a desire for bright academic careers

Accommodation

Malaysian universities offer excellent, versatile accommodation facilities that suit each student’s diverse needs and requirements. As a foreign student landing in an entirely new destination for studies, accommodation could be a significant issue for you. But you need not worry because most Malaysian Universities offer a wide range of options, including hostels, dormitories, and even spacious apartment residences. You can pick what suits your needs and comes under your budget, and boom – enjoy all the excellent facilities they offer along with the comfortable and budget-friendly accommodation.

The shared facilities and amenities usually include :

1. Study desks
2. Beds
3. Attached bathrooms
4. Fully functional kitchens or pantries include a microwave, electric kettle, stove, fridge, etc.
5. Laundry rooms
6. Socializing areas
7. Recreational activities
8. 24/7 security surveillance

Admission Procedure

The admission process for getting into Malaysian Universities typically comprises multiple steps, including submission of an application, verification of the documents, eligibility assessment, and, in some cases, entrance exams or interviews etc. While it can be overwhelming and tedious to handle all that pressure while preparing for your entrance exams and interviews, TJS Study Steps can be your savior and simplify the admission process like never before. Here’s how the experts from TJS Study Steps can help during each stage of the admission procedure and ease you from the hassle!

1. We have added featured university and program guides on our website that experts from the industry have prepared. These guides can help you pick the finest universities and programs from a widespread palate per your academic goals and aspirations.
2. Filling out the lengthy application forms can be exhausting, but the experts from our team know how to ease you from that hassle. They offer professional assistance to the students filling out correct information and attaching the required documents with their applications without any error to ensure the admission process goes smoothly.
3. TJS Study Steps also has documentation experts onboard who can help you gather all the required documents, such as transcripts, personal statements, certificates, and so on.
4. We also track your applications on your behalf and inform you of their progress in real time.
5. f a university invites you for an interview or entrance exam, TJS can also assist you in the preparation and ensure you perform the best and get selected.
6. Once you’ve secured admission at a university in Malaysia, the next step is to get a student Visa, and we also provide total guidance for the Visa application process.
7. Last but not least, TJS Study Steps ensure your well-being abroad. From booking the best flights at affordable rates to assisting you with a city tour, we help you adjust to the city.