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Question

I have been working for a major German bank for nearly ten years, but I have no university degree. I would like to go into investment banking, perhaps working in London. An MBA programme with a special focus on finance would seem the perfect solution. Do I have a chance with my background?
Answer London Business School:

Frank,

It is very difficult to assess your chances of adnmission. Every year we take at least one student without an undergraduate degree, but numbers are small.
With no degree, you would be expected to perform above average (690) in the GMAT.

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Your chances of future empoloyment depend on many many factors, including experience prior to the Programme and during our summer internship, projects etc.

I would advise you to apply for September 2003 entry, (you can apply from October 2002 onwards).

Regards

David Simpson
Senior Manager, MBA Marketing & Admissions

Answer Ashridge Business School:

Ashridge accepts candidates without a first degree provided they can demonstrate their ability to undergo the academic rigour of the Programme. We take a very practical approach at Ashridge and equally important to us is a candidate's track record and what they are bringing to the Programme.

Ashridge offers a general managment MBA and the learning vehicle here is a live, strategic project, carried out for an organisation. Candidates who self fund and who do not bring a project and organisation with them, will be assisted in the process by a Project Sourcing Director. Candidates who want to specialise, will choose a project which focusses on their special area of interest. Ashridge has links via their alumni and client list with major banks and it would not be impossible to secure a project in this sector.

Please contact us again if we can help you further

Answer Manchester Business School:

Yes, it is possible to apply to Manchester Business School via the mature entry route if you are over 27 years old. In this situation an undergraduate degree is not necessary and the focus would be on your work experiences and interests outside of work.

Many of our core courses are financed based. After which it is possible to specialise in this area by selecting a wide variety of our finance - based electives. Approximately 25% of our graduates choose to go into investment banking after completing their MBA.
Kind Regards
Kate Bradley

Answer Open University Business School

Dear Frank,
You do have a chance with your background. The open access route to the MBA of the Open University Business School is specifically designed to allow students who do not have a degree to work towards achieving an MBA. The Open University Business School's courses are thaught through Supported Open Distance Learning. This means you would remain in work while you study at home, occasionally attending tutorials and residential schools.

The open access route means that you first start the Professional Certificate in Management (1 year) and then take the Professional Diploma in Management(also 1 year). After that you can move straight into the Stage II of the MBA, avoiding Stage I which is also a year long, studying the compulsory course 'Strategy' (6 months). After that you will need to complete 3 more 6 month courses from among a number of courses which we call 'electives'. One of those courses is called 'Financial Strategy' which is an excellent preparation if you want to work in the finance and banking sector. You will need to remember though that an MBA will always be a 'general' programme and cannot focus too much on one subject. You could possibly finish the programme in 4 years where a direct access MBA with OUBS, not available to you as you do not have a university degree, would take 3 years

Happy to answer any further questions you may have. Very best wishes

Tony Anthoni Masters Programme Manager

Answer University of Oxford

Dear Frank

Thank you for your query. For your information I list our entry criteria below. Although the Oxford MBA is a generalist degree, it does have a strong Finance focus. Please review the information below and course information contained on our website, www.sbs.ox.ac.uk. Please let me know if you have any further queries.

To be considered for a place on the Oxford MBA, candidates must be able to demonstrate the following:

Intellectual ability:
A good undergraduate degree or equivalent (German Diplom) is required. Applicants who do not hold such a qualification may be considered, if they have a very strong employment record which demonstrates a high degree of responsibility

All candidates are required to take the GMAT test. Our class average is 672. A high score does not guarantee a place, nor does a lower score automatically disqualify your application. However, as several of the programme's core courses require a high level of quantitative and analytical skills, we do look for evidence of these in GMAT results

Professional experience and management potential:
Oxford MBA students on average have 5-6 years work experience. An important component of the programme's success is the contribution made from such diverse work experience. We may consider students with less than three years experience, who are able to demonstrate a high level of maturity and combined with evidence of leadership ability.

Team skills:
The ability to work effectively in multi cultural groups is a key component of the MBA programme, and is specifically assessed through two team projects, the New Business Development, and Summer Business Projects. We are therefore looking for candidates who can effectively demonstrate their willingness to be effective team players.

International exposure:
The Oxford MBA class is highly international with 32 nationalities representing the current class of 118 students. A high proportion have already studied or worked outside their native country, and most speak more than two languages. We seek students who are culturally sensitive and actively want international exposure

Ability to contribute to the Oxford MBA experience:
We seek students who will actively contribute to the programme by sharing their views, experiences, and skills. We look for maturity, a high degree of motivation, and strong interpersonal and communication skills.

English language ability:
The programme is taught in English. Candidates for whom English is not their first language are required to take either the TOEFL (minimum 600) or IELTs test

Best wishes

Alison Owen
Said Business School
University of Oxford

Answer Judge Institute (Cambridge University)

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Thank you for your email. Your question is not really an easy one to answer but I will do my best.Firstly we have taken people onto the course without a degree, this is very unuaual BUT it can happen. Usually you will need to have an excellent GMAT score and excel in some other way.Your work experience too will be key. What work have you been doing in the bank?To have any chance of getting into Inv Banking someone you really needs top ranked school, and probably one that specialises in Finance or even to do a top class Masters in Finance.There is too little information here to give a comprehensive answer. I suggest you find some excellent careers adviser as a start.Good Luck
Louise
Answer Cranfield School of ManagementWithout knowing more about your career to date, it is difficult to say. Although an MBA is important, for investment banks one of the selection criteria of equal importance is the relevance of the candidate's career background.The elements of the finance customisation on the Cranfield programme include investment banking, and the tailored group of electives is aimed at those students who wish to enter some sort of finance function after completing their MBA. Cranfield will certainly equip you with key management skills that would be useful within the area of investment banking.We do take a few students each year who do not have a university degree or professional qualification, providing they have considerably more than the minimum requirement of three years' work experience. However, they do have to impress the interviewer, and gain a high GMAT score, to satisfy the Admissions Director that they will be able to cope with the academic side of the programme. The average GMAT score at Cranfield is 650.Maureen Williams
Senior Marketing Executive
Answer Warwick Business SchoolDear Frank,Thank you for your interest in the Warwick MBA. While our normal selection policy would require you to have a good first degree, the Programme Selectors are willing to consider applications from suitably experienced candidates who do not meet the formal academic entry requirements. In such cases, the Selectors are likely to require you to take the Graduate Management Admissions Test as a demonstration of academic competence (please note that this is in any case mandatory if applying for the Full-time MBA at Warwick).It is worth noting that the Warwick MBA is a broad based, generalist management qualification. We do not offer speciailist MBA's, although through careful selection of your option modules and through your choice of project topic, you can put a particular academic slant on your studies.Best regards,
Jon Lees.
Dieser Artikel ist erschienen am 13.05.2002