MBAs does not need formal training in banks?

While an MBA can provide valuable knowledge and skills for working in the banking industry, formal training in banking is often still necessary. This is because the banking industry is highly specialized and regulated, and MBAs may not have the specific knowledge and skills required for certain roles.

For example, an MBA may not have the necessary knowledge of financial regulations, lending practices, or risk management that are essential for working in a bank. Additionally, banks often have their own unique processes and systems that employees need to be familiar with in order to be effective.

As such, while an MBA can provide a strong foundation for a career in banking, formal training in banking is often still required in order to gain the specialized knowledge and skills necessary to succeed in the industry.