KIGALI - The School of Finance and Banking’s (SFB) Masters programme offered in partnership with the Maastricht School of Management (MSM) has been delayed after applicants failed the TOEFEL and GMAT entry exams.

According to the Rector of SFB, Prof Reid E. Whitlock, the standard required by Maastricht, their European partner is what is used as a way of ensuring quality.

"All candidates failed the entry exams, except one, who only passed one of the two exams,” said the Rector.
"If our school is going to be internationally recognised as we wish it to be, we have to stop being in the fantasy world and work hard.”

More than 50 candidates sat for TOEFEL while 40 sat for GMAT.

Reid noted that he would not want the reputation of SFB to be compromised, adding that he would like to see MBA programme to be of excellent quality and recognized not only in Rwanda, but in the whole region.

He, however, said that though   the programme  failed to kick-off on September 2010,  as planned, they had given another chance to the applicants.

"We sent an e-mail to all the applicants and told them that they still had the chance to attend an intensive course which will begin on January 17 through February.”

The programme will kick off in March if the candidates pass the exams or if other applicants express their interest.
The MBA programme at SFB has specializations in Project Management and Finance and plans are underway to introduce other courses that suit the needs of the country.

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