Coming close to the news of losing the race for apex university status to USM, the story below spells more bad news for University of Malaya. Even University of Malaya’s business school is not rated as the top in Malaysia by the Higher Education Ministry.
Are the standards University of Malaya that bad these days? The new Vice Chancellor of University of Malaya, Ghauth Jasmon really has his work cut out for him.
Two business schools earn top accolade
PUTRAJAYA: It’s no longer business as usual at Universiti Kebangsaan Malaysia (UKM) and Universiti Putra Malaysia’s (UPM) business schools, which were yesterday named Malaysia’s premier institutions in the field.
UKM’s Graduate School of Management and UPM’s Graduate School of Business have become the first members of the “top business schools” grouping, a position that brings with it a RM25 million grant and international acclaim.
Higher Education Minister Datuk Seri Mohamed Khaled Nordin said the accolade was aimed at helping to turn Malaysia into a hub for business studies, besides turning the schools into globally-recognised institutions.
The two schools beat nine other business faculties in local public universities.
They will be allowed to chart their own path to international recognition, including in the areas of finance management, student intake, hiring of teaching staff and linkages with overseas universities.
The RM25 million grant will be split into an allocation of RM13.5 million for infrastructure and the rest for human resource development of the schools.
Khaled hinted more business schools from public and private universities may receive the honour of joining the exclusive club if they proved their mettle.
“There could be more, but we have strict criteria to ensure that these business schools really are at the top of their game.
“They will need to have drawing power to attract foreign students to want to study on our shores,” he said after launching the “Top Business School” programme and the 5th International Business Postgraduate Colloquium here.
The process to identify the top business schools took more than 10 months, culminating in the green light from cabinet recently.
But Khaled is not going to lose sleep over how the two schools maintained their premier position in the field.
“To place a target in the sense of ranking is like forcing a child to sit for an examination.
“Our target is simply to gain parity with other top business schools in the region and get accreditation.”
Higher Education Department director-general Datuk Dr Radin Umar Radin Sohadi said the institutions would have to continue showing results with output in the field.
“Their graduates will have to go on to become industry captains. They will have to be able to link up with the top business schools of the world, apart from the standard publications and journals they will have to produce.”
The ministry is also stressing that the MBA programmes in the schools achieve a local: international student ratio of 60:40 over the next five years.