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Mountbatten Institute - Finance & Investment Banking Traineeships in London...

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Work in London or New York for 1-year!

Finance & Investment Banking Traineeships

Your passport to the world of investment banking & finance in New York or London!

Get a Foot Hold in Leading Investment Banks in the World’s Financial Centers: London & New York. Established since 1984, the Mountbatten Institute’s programme offers you a life-changing experience in the form of a one-year paid Traineeship in a leading multi-national company. This international programme is open to all nationalities with over 600 roles offered each year. We offer 2 intakes per year, March and August. We are now accepting applications for March 2017 intake.

The traineeship referred to as the Postgraduate Certificate (PGC) programme by the Institute offers “full time paid work experience” (usually from 9 am 5 pm, 5 days a week) with some compulsory classroom training once a week in the evenings and on some Saturdays; this includes seminars and workshop sessions. On completion of the programme you are awarded the PGC certificate by St. Mary’s University and a traineeship certificate from Mountbatten. Traineeship Participation fee: US$12,000 (duration: 12 months with 3 compulsory modules; classroom training). 90% of placements are within Investment Banks & Financial Institutions.

Fees payable to Mountbatten by the candidate

  • Fees vary based on the academic programme selected.


The traineeship provides:

Monthly stipend (salary) • Free Shared Accommodations (fully furnished apartments) • Health Care • Annual Leave • Utilities Allowance • One Year Traineeship Contract

There are 2 intakes every year: March and August. We are currently accepting applications for the March 2017 intake (application deadline: 31 October 2016). Participation fees apply.

You may also email us your full CV for an initial assessment of your qualifications and seek additional advice on the programmes.

Contact CP Learning at 2680-8326 for more details.

Type of Traineeships: Investment Banking, Finance, Accounting, Administration, Marketing, HR, PR, Events, etc.

The Mountbatten Institute offers you the opportunity to work for a full year in the most prestigious names in investment banking in either New York or London such as:

Over 300 Placements for the March 2017 intake in the following companies:

  • UBS • Barclays • Bank of America • BlackRock • Deutsche Bank • Merrill Lynch • Credit Suisse • Citi • Thomson Reuters • LiquidNet • HSBC • Royal Bank of Scotland • Bank of New York Mellon • ING • Institutional Investor • Prospect Capital • Dow Jones • etc

We also offer the option of combining Postgraduate Studies (MBA & MA) with the One Year Traineeship.

Contact CP Learning at 2680-8326 for more details.
additional information on academic programmes offered

Mountbatten's integrative learning curriculum combines a year's full-time work experience at one of our Host Placement Organisations in London or New York with participation in an education and training programme. The academic training element is a great opportunity for you to bring your cross-cultural business education from the workplace into the classroom.

All participants are enrolled in either the:

  • MBA in International Business Practice (offered in New York & London)

  • Postgraduate Certificate in International Business Practice [PGC] (offered in New York & London)

  • MA in Entrepreneurial Leadership in Global Business (offered in London only)

A key objective of the MBA, PGC and MA programmes is to enable participants to acquire international business knowledge, and to develop their analytical, problem solving and decision-making skills.

Participation in the MBA, PGC or the MA course is mandatory and requires your full commitment. Attendance at all MBA, PGC and MA sessions is mandatory and a strict attendance policy is in place.

The MBA, PGC and MA involve individual assignments, group projects and presentations.


MBA in International Business Practice (offered in New York & London)

The main emphasis of the MBA in International Business Practice is the integration and synthesis of knowledge and competences acquired on the programme and their application to real life business and management problems, achieved through the placement in London and the field research in Bangkok. The integration of the experiential education and training provide you with the opportunity to acquire international business knowledge and skills to apply them in the workplace.

The award of the MBA is achieved through the successful completion of 180 credits.

The five compulsory modules, which must be completed in London, are:

  • Managerial Accounting and Finance

  • Organisational Behaviour and Leadership

  • Global Business

  • Business Research Methods and Fieldwork

  • Strategic Management

Students are then required to complete two 20 credits electives in Bangkok in addition to the field research leading towards their MBA Project/ Dissertation.

  • International Finance

  • Global Marketing

  • Management of Change

  • Operations and Supply Chain Management

All students must submit a 15,000 word MBA Project/ Dissertation based on their field research.

Learning Objectives

Within the framework of the internship year, the MBA programme enhances the student’s competences and accomplishments in the following areas:

  • Acquiring a broad understanding of European business practice, in addition to knowledge of the global economy, management theory and practice, teamwork, leadership, and organisational behavior, and essential components of intercultural business communication and career management

  • Relating the operations of the host organisation to the broader context of European & international business

  • Successfully develop a range of management skills and competencies in the classroom, and applying them to the workplace, achieved via the Personal and Professional Development (PPD) programme, which include:

    • Team Building and Leadership

    • Strategic Negotiation and decision-making

    • Career Coaching

    • Business presentation skills

    • Consultancy and Fieldwork skills

Assessment Criteria

Students must pass all modules in order to successfully complete the MBA. Students who place themselves in a position such that they cannot successfully complete the MBA will have their placement terminated and will be repatriated.


Postgraduate Certificate in International Business Practice [PGC] (offered in New York & London)

The primary aims and objectives of the Postgraduate Certificate are to provide students with a solid foundation in International Business as well as the development of key skills and competence in International Business Practice through their work placement.

Postgraduate Certificate Structure

The Postgraduate Certificate, validated by St Mary’s University is achieved through the successful completion of 60 credits from the following three compulsory modules:

  • Managerial Accounting and Finance

  • Organisational Behaviour and Leadership

  • Global Business

Learning Objectives

Within the framework of the internship year, the Postgraduate Certificate programme enhances the student’s competences and accomplishments in the following areas:

  • Acquiring a broad understanding of European business practice, in addition to knowledge of the global economy, intercultural business communication, management theory and practice, teamwork, leadership, and organisational behavior, and essential components of self-management and personal career development.

  • Relating the operations of the host organisation to the broader context of European and international business

  • Successfully developing a range of management skills and competencies in the classroom, and applying them to the workplace, achieved through the Personal and Professional Development (PPD) programme, which include:

    • Team Building and Leadership

    • Career Coaching

    • Business presentation skills

Assessment Criteria

Students must pass all three modules in order to successfully gain the Postgraduate Certificate. Students who place themselves in a position such that they cannot pass the Postgraduate Certificate will have their placement terminated and will be repatriated.


Master of Arts in Entrepreneurial Leadership in Global Business

Those undertaking their Mountbatten year in London will be able to apply for the new and innovative Master’s degree in Entrepreneurial Leadership in Global Business offered by the University of Chester - one of the longest established educational institutions in the UK. This is a new programme and student trainees should be aware that the information presented below might be subject to change.

The MA: Entrepreneurial Leadership in Global Business, is closely intertwined with the student trainee's year of practical experience in London and is delivered in two ways:

  • A core curriculum which is taught conventionally through evening and weekend classes (Saturday and/or Sunday) (similar to an Executive MBA programme); and

  • Through a series of work-based projects and investigations which are externally assessed. These projects constitute Negotiated Experiential Learning Modules, and account for one third of the coursework for the degree.

Core Curriculum objectives

Students undertake six courses during their year in London. These courses are designed to do two things: i) provide a framework of academic and case-study theory in key areas that are relevant to the degree, and ii) provide the student with the skills necessary to conduct work-based projects, to understand how learning occurs in the workplace and to help in the design of practitioner research.

Curriculum Content

Module 1: Skills and Approaches for Work Based Learning

Module 2: Leadership and Organisational Effectiveness

Module 3: Managerial Accounting and Finance

Module 4: Design, Innovation and Entrepreneurship

Module 5: Global Business

Module 6: Designing Practitioner Research (DPR)

Module 7: Triple Negotiated Experiential Learning Module (NELM)

All student trainees joining the programme in London who register for the MA in Entrepreneurial Leadership and Global Management are required to participate in three mandatory assessment and training components during their training year:

  • Critical Reflective Learning Log (CRLL)

  • Negotiated Experiential Learning Agreement (NELA)

  • Research Consultancy Report (RCR)


Requirements:

  • Young professionals within minimum 3 months (London programme) to 12 months (New York programme) business related work experience (on-campus work experience at university research centres and internships are acceptable)

  • Bachelor’s degree in any field

  • English language proficiency (TOEFL: 575 or 90 for on-line tests, IELTS: 6.5 overall). This is not required if you have studied in the UK and are applying for the London programme. The test scores are however compulsory for the New York programme.


Application Procedure

  • Complete the on-line application and pay the application fee (by 31 Oct 2016) as well as submit required documents (see below)

  • Invited to face-to-face interview with Mountbatten, if qualified (conducted in mid-Nov 2016)

  • Preliminary acceptance (moved forward to placement interview process with companies) one week after face-to-face interview (end-Nov); initial deposit payment required (by end-Nov) in order to initiate the placement process

  • Placement interviews with companies by telephone and/or Skype (starts as of Jan 2017)

  • Placement process closed by early Mar 2017; pay remainder of fees if placed (by end Feb/early Mar 2017)

  • Option to withdraw and receive initial deposit refund if not placed OR defer application to next intake (Aug 2017) in which case the initial deposit is held for further processing (the initial deposit is refunded if the candidate is not placed the second time round).


Required Documents for Application:

  • Detailed CV (resume) with mention of start/end dates for education and work experience (internships can be included)

  • Personal Statement (1 page essay introducing yourself and why you want to join the programme)

  • Degree(s) & Full Transcript(s)

  • Language test scores (IELTS or TOEFL) for applicants who have not studied in the English medium.

  • The test scores are compulsory for those applying for the New York programme irrespective of whether or not you studied in the English medium

  • 3 references: 2 professional & 1 academic

  • Valid passport


Applicable Visas:

Visa received by applicants for both programmes are work visas as follows:

  • UK Visa: Tier 5 Government Authorised Exchange TW (Temporary Worker)

  • USA Visa: J1 Traineeship / Internship Visa

The Mountbatten Institute is the official sponsor for both the UK & US Visas:

  • Mountbatten fully sponsors your participation in the programme by providing

- Stipend (allowance): US$ 1,083 per month

- Rent free accommodation (shared apartments; 2 persons per bedroom)

  • London: Accommodations are located in Zone 1 (Islington) and Zone 2 (Canary Wharf); housing is assigned based on work location

  • New York: Accommodations are located in New Jersey

  • Utilities allowance

  • Fees are net and include relevant textbooks

  • Health insurance for New York

  • Health benefits in London are covered by the UK government’s National Health Service (NHS)


Costs

Fees payable to Mountbatten by the candidate

  • Fees vary based on the academic programme selected.

Postgraduate Certificate in International Business Practice

  • Total Fees: USD $12,000

  • Application Fee: USD $100 [non-refundable]

  • Initial Deposit [ID]: USD $1,000 payable on acceptance into the Candidate Pool if successful at interview

  • Participation Fee [PF]: USD $10,900 payable when placed with a Host Placement Organisation (prior to departure).

MBA in International Business Practice

  • Total Fees: USD $36,000

  • Application Fee: USD $100 [non-refundable]

  • Initial Deposit [ID]: USD $1,000 payable on acceptance into the Candidate Pool if successful at interview

  • Programme Fee [PF]: USD $2,900 payable when placed with a Sponsor Company (prior to departure)

  • MBA Tuition – London: USD $14,000 payable when placed with a Sponsor Company (prior to departure for London).

  • MBA Tuition – Bangkok: USD $18,000. This fee includes a non-refundable deposit of USD $2,000 due approximately 4 months prior to the start of the fieldwork experience in Asia.

MA in Entrepreneurial Leadership in Global Business

  • Total Fees: USD $12,000

  • Application Fee: USD $100 [non-refundable]

  • Initial Deposit [ID]: USD $1,000 payable on acceptance into the Candidate Pool if successful at interview

  • Participation Fee [PF]: USD $10,900 payable when placed with a Sponsor Company (prior to departure)

Other Costs [payable by both Postgraduate Certificate and MBA candidates]

  • Visa Fee [Entry Clearance]: approximately USD $330. Visa fees are subject to change without notice.

  • Flight to London

  • Approximately USD $1,500-$2,000 is needed to cover expenses during the first few weeks – up until the first training allowance is deposited into your UK bank account.

  • Flight to Bangkok (MBA only)

Initial Deposit Refunds

The placement process is complex and labour intensive. Candidates must demonstrate total commitment and remain willing and able to join the London March intake throughout the entire placement cycle.

  • The Initial Deposit [USD $1,000] is part of the Programme/Participation Fee. The Initial Deposit is payable within one week of receiving notification of acceptance to the Candidate Pool. You will receive an invoice containing payment due date, along with your acceptance offer.

  • The Initial Deposit is non-refundable if you choose to withdraw from the Programme after accepting your place in the Candidate Pool.

  • If by the end of placement, Mountbatten has been unsuccessful in placing you, your Initial Deposit will be refunded, unless you wish to take up an invitation to defer to the following intake.

  • Candidates cannot choose to defer to the following intake mid-placement cycle.

  • Candidates who unreasonably (in Mountbatten’s sole opinion) turn down placement interviews, who are repeatedly unavailable for requested interviews or who fail to respond to messages from Mountbatten staff also risk forfeiting their Initial Deposit.

  • The Initial Deposit is non-refundable in full if you unreasonably (in Mountbatten’s sole opinion) turn down the offer of a placement with a Host Placement Organisation. If you are only willing to accept a placement in a specific area, please be clear about this during your interview.

Unsuccessful Candidates

In the event that Mountbatten is unsuccessful in placing you, you will be contacted at the end of the placement cycle. The conditions of the Initial Deposit Refund will apply at this stage.


Welcome gift for successful admission to Mountbatten Traineeship

Upon successful admission and visa application of the said traineeship , CP Learning will offer HKD500 Cash coupon* as welcome gift.

*CP Learning has final discretion in deciding on the terms and provision of the coupon in case of dispute.

FAQs

Can I get a part-time job to supplement my income in the United States?

  • No, the J-1 Visa does not allow this; it is illegal.

Is the training allowance enough to live on?

  • Yes, if you budget sensibly. During Orientation (shortly after arriving in the United States) trainees / interns are given a sample budget outlining standard / normal expenses. Transportation costs, (getting to and from the training placement) will vary depending on where you work, but will not be more than USD $30 per week at current (2015) fare levels. This is usually either $89 for a monthly path train or $113 for a monthly metrocard. In addition, a share of electricity (heating) costs will average USD $0-$60 per month, depending on the time of year.

Will the training allowance allow me to continue to pay off student loans or other debts?

  • No. Have your loan re-payment(s) deferred or wait until your financial situation has improved before applying to Mountbatten.

How much holiday (vacation) do I receive?

  • Normally between one and two weeks (depending on the Host Organization’s policy), plus the public holidays, of which there are approximately ten each year.

Where do we stay during orientation week?

  • Trainees / interns stay in a hostel or hotel in midtown Manhattan, organised by Mountbatten.

When is orientation and what does it cover?

  • Tuesday and Wednesday Orientation includes an introduction to the training year, what’s expected of you, American office protocol, opening a bank account, application for a Social Security number, payroll setup, safety and security lecture, cross-cultural issues, medical insurance, New York City geography / transportation, Host Organization briefings, introduction to the academic programs etc.

Is it mandatory to attend orientation?

  • Yes. All trainees / interns must attend all of orientation. We will always assist those who are delayed by unforeseen emergencies, such as airport closings, family tragedies, and medical emergencies.Trainees / interns should not schedule events that cause them to miss any part of orientation week. Those who fail to turn up at the hotel (through no fault of Mountbatten) will be charged for their room.

When do I start my training placement after arriving in New York?

  • Trainees / interns begin their training placement the following Thursday or Friday following orientation. Details of your start date will be provided during orientation week.


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