BU signed a Memorandum of Understanding (MOU) with Asian Institute of Technology (AIT), Bangkok on June 27, 2003. The co-operation program between Department of Management and Business (MGB) of BU and School of Management (SOM) of AIT aims to foster advancement in teaching and research of management, to enhance the international reputations of both institutions through academic programs, exchange of academic information and materials, organization of joint management development and joint research programs, and other academic exchanges. This MOU constitutes a broad intent and understanding between MGB and SOM to further the cause of quality business education in the region, as partners committed to the above-mentioned objectives. The MOU between the two institutions focuses, among others, on setting up a collaborative program for MBA students and faculty members of BU to continue their Masters/Ph.D. program at SOM/AIT.