By Claire West

Bangor Business School has joined forces with The Chartered Institute of Bankers in Scotland (CIOBS) to offer a unique new MBA qualification specifically for the banking industry — the Chartered Banker MBA (CBMBA). The course, which will take its first students in January 2011, will be the only qualification in the world to combine an MBA and Chartered Banker status - offering the highest professional qualification available in the industry.

Simon Thompson, Chief Executive of the CIOBS, says, “The need for qualified bankers has never been greater. Customers, regulators and employers demand skilled banking professionals committed to high ethical, professional and technical standards to help us build sustainable banking institutions. The Chartered Banker MBA is the gold-standard banking qualification for tomorrow’s financial leaders.”

Professor Colyn Gardner, CEO of Bangor Business School Management Centre adds, “As the global financial markets emerge from a period of unprecedented crisis, the need for a modern and relevant post-graduate degree that can help to re-professionalise banking has never been more essential. The Chartered Banker MBA is that degree.”

The CBMBA, which can be completed in two years with students remaining fully-employed throughout, will combine traditional MBA skills with the specialist risk management, credit, lending and regulation knowledge specific to banking. The programme will be offered in a ‘blended learning’ format combining on-line methods and face-to-face workshops delivered from Bangor Business School’s new London Centre in the heart of the City.

Richard Webber, Director of the financial services recruiter Twenty Recruitment, adds, “There is no doubt that financial institutions are coming under increasing pressure to show their commitment to developing and sustaining responsible professionalism. There will clearly never be any replacement for hard experience, but if a banker wants to do an MBA then one that focuses on the critical elements of credit, risk and lending is obviously going to be far more relevant and useful than one that doesn’t.”

Bangor Business School is currently ranked as the leading business school in the UK for the quality of its accounting and finance research according to the latest RAE exercise in 2008: http://www.guardian.co.uk/education/table/2008/dec/18/rae-2008-accounting-and-finance