Study Business Studies in Malaysia

Posted on by Uni Enrol
study business studies in Malaysia

Want to be an entrepreneur? Or maybe the next Bill Gates?
Then you will need to have the tools that can help you launch and grow your business.

Business is part of our daily lives. 

The field of business is vast, and it provides multiple avenues for you to succeed. This article is ideal for you if you are interested in learning about the different fields, and how you can study Business Studies in Malaysia for a successful business career. Read on to find out.

What is Business Studies?

Business is an exchange of goods and services with something of value, such as money currency or other goods and services. 

Business studies cover various fields, such as 

  • finance, 
  • marketing, and 
  • entrepreneurship.

You will learn the components that make up a business. Upon graduation, you will be able to know how to operate, fund, and plan a business.

Why Should You Study Business Studies in Malaysia?

why study business studies in Malaysia

Discover your inner entrepreneur

In Business Studies, you will take modules that can help hone your entrepreneurial skills.

Many universities have special programmes that allow students who wants to study business studies in Malaysia to create a business plan and pitch it to peers, faculty members, and industry leaders. These incubator programmes sometimes offer to fund the best student business proposals.

Learn to manage money

One thing that you do not learn in school is how to manage your money, unless you take accounting or finance subjects.

A business degree can provide you with a solid knowledge of fundamental finance concepts and theories, and teach you how to evaluate a company’s financial position. 

In addition to that, modules such as investments, credit management, derivatives, and financial markets give you a better understanding of the business world.

Enhance your communication skills

In business it is all about selling, and your ability to convince others to buy into your ideas is crucial.

Throughout your business course you will learn and practise how to communicate with potential customers, investors, and employees.

Modules such as business communication and public speaking will help you improve on how you communicate your message to others.

Moreover, you will have plenty of opportunities to practise your communication skills through group projects, individual presentations, and networking events.

What Are the Business Studies Fields?

When you study Business Studies in Malaysia, you will be exposed to various fields. Among the fields you can venture into include:

Management

Refers to the role of planning, organising, leading, and managing individuals to achieve organisational goals by making the most use of existing resources. 

It involves overseeing and guiding organisations to meet their objectives via the efficient use of different financial, human, and technology resources.

Marketing

Marketing focuses on the branding and promoting the goods and services to the consumers by targeting specific demographic groups. 

Marketing identifies a customer demand and develops products or services to meet that demand, all while promoting the brand’s or organisation’s goal. 

Finance

Finance refers to the administration of financial resources, which involves activities such as budgeting, borrowing, lending, and investing. 

You get expertise in finance about managing wealth, money, and all of the instruments. 

Along with investing, corporate finance, and banking, you will learn about financial management, portfolio management, planning, and risk analysis.

Economics

Economics is the study of how individuals make decisions when resources are scarce. 

The study of economics focuses on the elements and operations of a specific market or economy, which include supply and demand, as well as the effects of the idea of scarcity.

Accounting

Accounting involves the process of documenting a business’s financial transactions. 

It is a crucial role for decision making, cost planning, and measuring economic success in every size firm. 

Strategic planning, external compliance, fundraising, and operations management all rely heavily on accounting.

how to study business studies in Malaysia

To study Business Studies in Malaysia, you can begin with a 1-year Foundation in Arts or Business programme or a 2-year Pre-University (A-Level, SACE, STPM, etc.) course.

After completion of your pre-university course, you can then pursue a Bachelor’s Degree in Business Studies programme.

Alternatively, you could also pursue a Diploma in Business Studies, which will take up to 2.5 years. 

After completing your Diploma in Business Studies, you have the option of going into the workforce or continuing on to a Bachelor’s Degree in Business Studies (often enrolling from Year 2 onwards).

So what does your pathway to study Business Studies in Malaysia look like?

Read this for additional info: Must Knows Before Choosing a Pre-U, Diploma or Degree.

Diploma in Business Studies

To qualify for a diploma course, you only need to have:
SPM / O-Level: min. of 3 credits, including a pass in Bahasa Melayu and History.

Diploma courses usually take between 2 to 2.5 years to complete and cost you RM 25,000.

You can enter the workforce immediately upon graduating.

Bachelor’s Degree in Business Studies

For degree courses, you will need to have SPM/O-Level qualification and the following pre-university course:

  • STPM: min. of 2Cs
  • A-Level: min. of 2Es
  • Relevant Foundation: min. CGPA of 2.00
  • AUSMAT/SACEi: ATAR of 55
  • Diploma: min CGPA 2.0

A pre-university course can take up to 2 years to complete and cost you RM 20,000.

Once completed, you can then take up a degree course. These courses take 3 years to complete and can cost RM 56,000.

Diploma students who want to continue to study Business Studies in Malaysia can do so by entering a degree course in Year 2.

Remember, different universities may have varying entry requirements. Should you need more information, our counsellors can share with you all the know what’s of this pathway!

What Are the Skills Required in Business Studies?

Ability to Adapt to Change

The business climate is not the same as it was even 5 years ago. 

Therefore, to venture into the business field you will need to have the ability to adapt to change. It could be learning to adapt to a new work environment (work from home/office), or it could be readjusting the workflow to accommodate the shortage of manpower.

Being flexible when faced with a problem allows you to consider all possible solutions and make timely decisions.

Problem Solving

Do you like solving puzzles? Then, you will be in for a treat.

When it comes to solving problems, thinking outside the box could become a necessity. Having developed this skill could make the difference between a minor issue and a recurring problem.

The global economy is going through a volatile period, and problems are constantly popping up like mushrooms. Therefore, your ability to solve problems will be helpful for companies, especially when companies are trying to navigate around this volatility.

Time Management

Strong time management skills are essential for your studies and work.

While studying, you will need to juggle between classes, assignments, family commitments, friends, and other activities. At work, your supervisor will assign you multiple tasks to work on.

Therefore, knowing which task to prioritize will help greatly with time management.

Top Universities to Study Business Studies in Malaysia

University of Nottingham Malaysia

If you are looking for a place to study Business Studies in Malaysia, The University of Nottingham Malaysia is not to be missed. This established academy became the first British university to establish a campus outside the UK in September 2000.

Since then, Nottingham Malaysia achieved a 5-star grade for its excellence in research and innovation in 2020, placing it among Malaysia’s best-ranked foreign institutions in The Malaysia Research Assessment (MyRA).

Moreover, Nottingham University Business School (NUBS) ranks among the top 6 business schools in the UK for research power in the UK Research Excellence Framework.

NUBS courses for those who wish to study Business Studies in Malaysia include:

  • Foundation in Business and Management 
  • Management BSc (Hons) 
  • International Business Management BSc (Hons) 
  • Economics and International Economics BSc (Hons)
  • Economics BSc (Hons) 
  • Business Economics and Management BSc (Hons) 
  • Applied Psychology and Management BSc (Hons) 
  • BSc (Hons) Marketing and Management 

Taylor’s University 

Ranked among the top universities in the world, Taylor’s is the best private institution in Malaysia and Southeast Asia.

Its Bizpod provides opportunities and platforms for those who wish to study Business Studies in Malaysia. Backed by a team of experienced lecturers and entrepreneurs, Bispod supports students on their entrepreneurship vision during studies with real business start-up

Taylor’s courses for those who wish to study Business Studies in Malaysia include:

  • Foundation In Business 
  • Foundation in Business (Accounting) 
  • Foundation in Arts 
  • Diploma In Business 
  • Bachelor Of Business (Hons) 
  • Bachelor Of Business (Hons) International Business & Marketing (2+1) with Queensland University of Technology (QUT), AU
  • Bachelor Of Business (Hons) International Business & Marketing (3+0) with University of the West of England, UK 
  • Bachelor of Entrepreneurship (Honours) in Team Entrepreneurship (3+0) with University of West England, UK 

Multimedia University (MMU) 

Multimedia University provides its students with a high-quality education in digital technology courses to meet the rising demand for highly skilled graduates required by the digital economy.

To study in Malaysia, Students can take up a Foundation level course at MMU and use PTPTN to cover the cost.

MMU courses for those who wish to study Business Studies in Malaysia include:

Things You Need to Know About Business Studies Career

As someone who is studying business studies in Malaysia, knowing your options is important. That aside, here are a few important things for you to note as you pursue a career in this field.

Several job opportunities available

According to the Bureau of Labor Statistics (BLS), employment in business and financial operations will increase by 7% between 2021 to 2031. 

As a result of globalisation, an expanding economy, and a complex tax and regulatory environment, there will continue to be a high demand for accountants and auditors.

In addition, there will be an increase in demand for market research analysts as data and market research are used more frequently to 

  • understand consumer demand, 
  • evaluate product demand and a
  • analyse marketing strategies.

You can pursue a career in accounting or finance

Whenever you study Business Studies in Malaysia, accountancy and finance are common topics covered in your degree. However, if you want to work in these fields, you will need professional qualifications, such as ACCA or CFA designation.

As a business graduate, applying for a graduate position and finishing a specialised qualification while you work is a good option. This is because employers in larger corporations will usually cover your course fees.

High flexibility

Do not underestimate the opportunities that a business degree can offer.

A business degree provides flexibility for those who have or wish to develop specialised skills in a specific career field. With a business degree, you can work in different industries, be in management positions, and even start your own company.

There are many possibilities for people who study Business Studies in Malaysia to choose from. A stable career in the finance and insurance industry earns you good money AND helps you to grow professionally.

Business Development Executive

A business development executive is in charge of fostering expansion inside the organisation through increasing sales and clientele.

Average Base Salary for a business development executive is RM 39,248.

Procurement Specialist

Procurement specialists specialise in sourcing goods and services for businesses at the best possible price to ensure the continuous operation of the firm.

Procurement specialists can earn an average base salary of RM 61,706 in Malaysia.

Sales Executive

A sales executive is responsible for assisting in the growth of a company by locating new business prospects and selling items to them. 

They can earn an average base salary of RM 36,866.

Merchandiser

Merchandisers are in charge of managing advertisements and related arrangements for certain goods in stores, as well as travelling to other locations to manage the stocks.

Merchandisers can expect an average base salary of RM 36,523.

Customer Service Representative

Customer service personnel deal with complaints, process orders, and answer queries from customers.

Average base salary of RM 33,209 can be expected for this position.

Contact Uni Enrol to find out how you can pave your future path with Business Studies in Malaysia today!