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"A copy of bank statement with a minimum of $40,000 USD"

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"A copy of bank statement with a minimum of $40,000 USD" [#permalink] New post 06 Nov 2010, 09:23
The following requirement of one foreign university:

Quote:
Additional Required Documents for International Applicants
· A copy of bank statement with a minimum of $40,000 USD
SEE: http://biz2.korea.ac.kr/academics/mba/global4.jsp?d1=3&d2=6&d3=4

Perhaps I'm reading this incorrectly, but am I correct to assume, that unless you have $40,000USD in the bank, you're automatically dinged from admissions?
I've been looking into foreign programs (East Asian) and this "show me your bank account" requirement appears to be common with most, if not all, of these universities.

To my knowledge, American schools don't have this requirement, so what's the story?
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Re: "A copy of bank statement with a minimum of $40,000 USD" [#permalink] New post 08 Nov 2010, 11:49
You really want to be one of these guys?:
Image

I lived in Seoul for a bit- IMHO Seoul National University and Yonsei have more of an international reputation. I would think that the $40,000 requirement could either be waived given you live somewhere with relatively easy student financing- it's probably set up to discourage applicants without a hope of paying. Contact admissions.
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Re: "A copy of bank statement with a minimum of $40,000 USD" [#permalink] New post 08 Nov 2010, 12:37
cocoj wrote:
You really want to be one of these guys?:

I lived in Seoul for a bit- IMHO Seoul National University and Yonsei have more of an international reputation. I would think that the $40,000 requirement could either be waived given you live somewhere with relatively easy student financing- it's probably set up to discourage applicants without a hope of paying. Contact admissions.


To answer the first: No. I don't, haha.
I'm mostly interested in Global/International MBA programs, so thank you for the tip re: schools.
Re: bank account requirement: I can definitely understand it, but it's still a little shocking.
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Re: "A copy of bank statement with a minimum of $40,000 USD" [#permalink] New post 28 Nov 2010, 07:01
That's quite absurd
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Re: "A copy of bank statement with a minimum of $40,000 USD" [#permalink] New post 28 Nov 2010, 07:33
Well, American unis may not require it so blatantly but the American immigration system /student visa system has the same "show me the money" requirement built in for foreign students coming to the us to study. You generally won't be able to come on a student visa to the us if you don't have liquid funds. While this requirement that you highlight does look funny, it's there in the us as well in a difft form.

Source of info: a prior masters deg from the us and associated visa process

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Re: "A copy of bank statement with a minimum of $40,000 USD"   [#permalink] 28 Nov 2010, 07:33
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