Investment Banking Associate without Work Experience

Is it possible to become an investment banking associate without any work experience? My school (strong semi-target) offers a five-year MBA-undergrad degree program. I'd have an applied math major and an MBA coming out of school. With a 3.9 or a 4.0 and good internships, good alumni and wall street connections, and strong performances at investment banking / financial modeling competitions, how are my prospects for becoming an investment banking associate without any real work experience besides summer internships? Thanks.

 
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I’m sure it’s happened before but very difficult from what I’ve seen.

Had a guy like this in my MBA program. Did a 5 year undergrad/MBA degree and ended up having to recruit for analyst and associate positions just depending on the bank. He struck out with associate recruiting.

Another guy in my program had 2 years of work pre-MBA, and he also wasn’t able to land anything (I think largely due to his lack of work experience). From my experience, 3 years seems to be the minimum that banks like to see for associate roles (again I’m sure it has happened with

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