20 Great Scholarships for Finance Majors

If you’re struggling to manage your own pennies for college, look towards the industry’s numerous scholarships for finance majors.

Financial institutions, investment firms, and banking associations across America have reserved money to support students entering the profitable profession. According to Kiplinger’s Personal Finance, finance is the seventh best major with a mid-career median salary of $101,000. Projected 10-year job growth by 15.5 percent will add approximately 1.7 million job postings annually in finance. Whether at the BBA or MBA level, finance majors can choose careers like investment analyst, hedge fund manager, quantitative risk analyst, internal auditor, branch manager, actuary, and personal financial advisor.

Related: Finance Degree Online: 15 Best Deals

Grow your own wealth to cover hefty tuition prices by applying for the following 20 great finance scholarships.

1. AFWA Foundation Master’s Scholarship

Deadline: April 1st

Initiated in 1938, the Accounting & Financial Women’s Alliance Foundation awards $22,200 yearly through 14 finance scholarships, including the Master’s Scholarship. Female graduate students who are attending an accredited U.S. university for a MBA, Master of Science in Finance, or Master of Accountancy degree with a cumulative GPA above 3.0 would qualify. Application packets must include endorsements from AFWA chapter members, official transcripts, and 250-word career goals essays.

Contact

AFWA Foundation Master’s Scholarship

2365 Harrodsburg Road, A325

Lexington, KY 40504

(800) 326-2163

ericka.harney@afwa.org

Scholarship Link

2. Association of Insurance Compliance Professionals Scholarships

Deadline: June 3rd

Valued at $1,500 apiece, three Association of Insurance Compliance Professionals (AICP) Scholarships are granted annually to full-time college students with declared majors in finance, actuarial science, economics, or risk management. Eligibility criteria mandates attaining at least sophomore status, carrying an overall GPA of 3.0 or higher, assuming leadership roles in extra-curricular activities, and intending to join the insurance compliance community. Preference is given AICP members and their relatives.

Contact

Association of Insurance Compliance Professionals Scholarships

12100 Sunset Hills Road Suite 130

Reston, VA 20190

(703) 234-4074

Scholarship Link

3. Bernie Johnson Memorial Scholarship

Deadline: May 31st

Funded by the Charlotte Trade Foundation, the Bernie Johnson Memorial Scholarship is gifted by the Airport Minority Advisory Council (AMAC) for $2,000 to baccalaureate students who are majoring in aviation, business, accounting, finance, or engineering. Eligible U.S. citizens must matriculate full-time in accredited universities, participate in the AMAC Student Program, present a minimum overall GPA of 2.5, and show genuine interest in the airport industry.

Contact

Bernie Johnson Memorial Scholarship

100 M Street SE Suite 600

Washington, DC 20003

(703) 414-2622

amacfoundation@amac-org.com

Scholarship Link

4. Brandes Investment Partners Scholarships

Deadline: June 15th

As a leading asset management firm pioneered by Benjamin Graham in 1974, Brandes Investment Partners, L.P. offers five $4,000 scholarships annually to future investors. Finance majors between 18 and 22 years old who need financial assistance to pursue accredited U.S. college education should apply. The application process involves completing a multiple-choice investing personality quiz with 16 scenarios and answering a short essay prompt error-free.

Contact

Brandes Investment Partners Scholarships

11988 El Camino Real Suite 600

San Diego, CA 92130

(858) 755-0239

brandesscholarshipus@brandes.com

Scholarship Link

5. Daniel B. Goldberg Scholarship Program

Deadline: February 10th

The Government Finance Officers Association (GFOA) and Girard Miller Foundation team up to host the Daniel B. Goldberg Scholarship Program with lucrative $13,000 awards. As one of the biggest finance scholarships, it assists full-time post-baccalaureate students afford graduate study in the United States or Canada to develop public sector careers in finance. Applications must include a resume of government experience, dean’s letter of recommendation, transcript, and proposed career plan.

Contact

Daniel B. Goldberg Scholarship Program

203 N. LaSalle Street Suite 2700

Chicago, IL 60601

(312) 977-9700

rkotchen@gfoa.org

Scholarship Link

6. Finance Executives International Scholarship

Deadline: February 24th

Through the Silicon Valley Community Foundation (SVCF), the Finance Executives International Scholarship was started in 1998 to support finance and accounting majors studying full-time at accredited business schools in Northern California. The non-renewable fund provides up to three finance scholarships for $3,500 each year. Qualified candidates must be rising juniors with 60+ college credits, demonstrate academic merit with a minimum 3.0 GPA, and exhibit leadership in one or more professional activities.

Contact

Finance Executives International Scholarships

1300 South El Camino Real Suite 100

San Mateo, CA 94402

(650) 450-5487

goverholtzer@juno.com

Scholarship Link

7. Griffith Insurance Education Foundation Scholarships

Deadline: March 1st or November 1st

Biannually, the Griffith Insurance Education Foundation bestows 14 scholarships for $1,000 to $6,000 apiece to outstanding undergraduate or graduate students who are genuinely interested in the risk management profession. Anyone matriculated full-time in accredited U.S. institutions with good academic standing in an insurance, actuarial science, finance, economics, or similar major may apply. Don’t forget to submit a typed 500-word essay describing your future impact on the insurance industry.

Contact

Griffith Insurance Education Foundation Scholarships

720 Providence Road Suite 100

Malvern, PA 19355

(855) 288-7743

info@griffithfoundation.org

Scholarship Link

8. Hale Kaua’i Scholarship in Memory of Samuel W. Wilcox II

Deadline: January 31st

Administered as one of the Hawaii Community Foundation’s 225 funds, the Hale Kaua’i Scholarship in Memory of Samuel W. Wilcox II provides at least $1,000 to undergraduate learners majoring in finance, business administration, accounting, or liberal arts. Interested Aloha State residents must have unmet financial need, attend accredited nonprofit U.S. institutions, carry at least 12 credits per term, and sustain a minimum “B” average.

Contact

Hale Kauai Scholarship in Memory of Samuel W. Wilcox II

827 Fort Street Mall

Honolulu, HI 96813

(808) 537-6333

scholarships@hcf.org

Scholarship Link

9. Herman Lerdal and Joyce Hazeltine Scholarships

Deadline: March 4th

The Herman Lerdal and Joyce Hazeltine Scholarships are two $3,000 awards presented yearly by the South Dakota Bankers Association (SDBA) for financial aid. Aspiring bankers who are studying finance, economics, business, or related fields as rising juniors or seniors at accredited four-year South Dakota colleges would qualify. Applications are available at schools like South Dakota State University, University of South Dakota, and Black Hills State University.

Contact

Herman Lerdal and Joyce Hazeltine Scholarships

109 West Missouri Avenue

Pierre, SD 57501

(605) 224-1653

jdyce@sdba.com

Scholarship Link

10. John W. Rogers Memorial Scholarship Fund

Deadline: March 10th

The Missouri Bankers Foundation (MBF) created the John W. Rogers Memorial Scholarship Fund to provide $1,000 for the Show-Me State’s next generation of banking leaders. Required qualifications include graduating with a high school diploma, planning to enroll full-time in finance-related college programs, and being sponsored by a member bank. Priority is given to incoming freshmen at the University of Missouri-Columbia Trulaske College of Business.

Contact

John W. Rogers Memorial Scholarship Fund

207 East Capitol Avenue

Jefferson City, MO 65101

(573) 636-8151

rpreston@mobankers.com

Scholarship Link

11. Matt Fong Asian Americans in Public Finance Scholarship

Deadline: July 1st

Named to honor California’s former state treasurer, the Matt Fong Asian Americans in Public Finance Scholarship awards $2,500 annually to two undergraduates studying finance, accounting, public policy, business, political science, or related fields in the Golden State. The judging committee expects a minimum 3.0 GPA, at least 50 percent Asian heritage, sophomore standing or higher, and significant financial need.

Contact

Matt Fong Asian Americans in Public Finance Scholarship

465 California Street Suite 809

San Francisco, CA 94104

(415) 395-9985

scholarship@asianpacificfund.org

Scholarship Link

12.Native American Finance Officers Association Scholarships

Deadline: Varies

Ranging from $1,000 to $20,000, the National American Finance Officers Association (NAFOA) administers several scholarships for American Indian and Alaskan Native tribal members who are majoring in business-related fields, including finance. Recipients must attend an accredited U.S. post-secondary institution, maintain full-time enrollment with 12+ credits, reach at least junior standing, and have 25 percent Indian blood or higher.

Contact

Native American Finance Officers Association Scholarships

1101 30th Street NW Suite 500

Washington, DC 20007

(202) 407-2368

info@NAFOA.org

Scholarship Link

13. PM Business Advisors’ Striving for Greatness Scholarship

Deadline: July 1st

PM Business Advisors initiated its Striving for Greatness Scholarship to reward outstanding accounting and finance majors with $2,500 for collegiate tuition. To become eligible, candidates must be U.S. citizens or permanent residents, matriculate full-time in accredited B-schools, achieve a cumulative GPA of at least 3.0, intend to take the Uniform CPA exam, and showcase leadership ability through active involvement in volunteer service.

Contact

PM Business Advisors’ Striving for Greatness Scholarship

14 Penn Plaza Suite 1800

New York, NY 10122

(212) 835-2218

Info@pmbusinessadvisors.com

Scholarship Link

14. Richard D. Wiegers Educational Scholarship

Deadline: April 1st

The Illinois Real Estate Educational Foundation (ILREEF) sponsors the Richard D. Wiegers Educational Scholarship for $1,000 to honor the D&D New Home Sales founder who helped construct thousands of homes in the Greater Gateway. Qualified applicants must be Illinois residents who are pursuing a college education full-time in business, finance, sales, law, or related fields to enter the real estate industry. Finance majors could also apply for the Roxane Malo Leadership Scholarship.

Contact

Richard D. Wiegers Educational Scholarship

P.O. Box 2607

Springfield, IL 62708

(866) 854-7333

lclayton@iar.org

Scholarship Link

15. Ritchie-Jennings Memorial Scholarship Program

Deadline: January 27th

In remembrance of two CPAs of Union Texas Petroleum Holdings Inc. who were fatally wounded in Pakistan during a terrorist attack, the Association of Certified Fraud Examiners (AFCE) began the Ritchie-Jennings Memorial Scholarship Program. Along with free membership, the Foundation gifts $1,000, $2,500, $5,000, and $10,000 scholarships for finance majors yearly. Prospective applicants must attend four-year U.S. colleges, take at least six credits per term, and show passion for anti-fraud professions.

Contact

Ritchie-Jennings Memorial Scholarship Program

716 West Avenue

Austin, TX 78701

(512) 478-9000

Scholarships@ACFE.com

Scholarship Link

16. Rolf S. Jaehnigen Family Scholarship

Deadline: February 15th

The Institute of Management Accountants (IMA) Memorial Education Fund distributes the Rolf S. Jaehnigen Family Scholarship for $1,000 each spring to college juniors and seniors who have declared majors in accounting, finance, and information systems. Eligibility criteria requires carrying at least six credits per term, holding IMA student membership, obtaining a cumulative GPA surpassing 3.0, and intending to take the Certified Management Accountant exam.

Contact

Rolf S. Jaehnigen Family Scholarship

10 Paragon Drive Suite 1

Montvale, NJ 07645

(201) 573-9000

aschulman@imanet.org

Scholarship Link

17. TD Ameritrade NextGen Scholarships

Deadline: May 31st

As an online stock trading broker, TD Ameritrade funds the NextGen Scholarships to award $5,000 each year to 12 talented business school students who are earning bachelor’s degrees in financial planning. An additional $50,000 grant is given to a university with an established CFP-approved program. Interested freshmen, sophomores, and juniors who attend accredited four-year U.S. institutions with satisfactory academic merit can apply. Two Diversity Scholarships are reserved for female and minority students.

Contact

TD Ameritrade NextGen Scholarships

200 South 108th Avenue

Omaha, NE 68154

(800) 934-6124

ScholarshipsatTDA@tdameritrade.com

Scholarship Link

18. Tim Smith Memorial Student Scholarship

Deadline: May 18th

Named for the former Deputy Director of the Colorado State Lottery, the Colorado Fiscal Managers’ Association (CFMA) sponsors the $1,000 Tim Smith Memorial Student Scholarship to support declared majors in accounting, finance, and financial management. Suitable applicants will reside in Colorado, intend to remain in-state after graduation, attend a public state-supported college, have completed their freshmen year, and demonstrate need.

Contact

Tim Smith Memorial Student Scholarship

1525 Sherman Street 5th Floor

Denver, CO 80203

(303) 866-2140

COFiscalManagers@gmail.com

Scholarship Link

19. UNCF/Carnival Corporate Scholars Program

Deadline: January 13th

Carnival Corporation partnered with the United Negro College Fund (UNCF) to deliver two $5,000 need-based scholarships to ethnic minority students nationwide who exhibit interest in the hospitality profession. Acceptable majors include hospitality management, business, marketing, finance, tourism, and communications. Eligible recipients must be college sophomores, attend accredited four-year institutions, be U.S. citizens or nationals, and hold a minimum grade point average of 2.75.

Contact

UNCF/Carnival Corporate Scholars Program

1805 7th Street NW

Washington, DC 20001

(202) 810-0226

Tawanna.Lee@uncf.org

Scholarship Link

20. William B. Brandt Memorial Scholarships

Deadline: January 31st

To honor his 25-year tenure with the Nebraska Bankers Association, the William B. Brandt Memorial Scholarship gifts $2,000 annually to nine bright Cornhusker State residents who are enrolling full-time at state or private Nebraska colleges. Recognized schools include Chadron State College, Creighton University, and Midland University. Eligible juniors and seniors must achieve a minimum 3.0 GPA while completing a BBA focused in finance, accounting, or economics for banking careers.

Contact

William B. Brandt Memorial Scholarships

233 South 13th Street Suite 700

Lincoln, NE 68501

(402) 474-1555

tammy.stanley@nebankers.org

Scholarship Link

Finance majors are methodical, numbers-oriented students who enjoy finding creative ways to help businesses gain funding for new ventures. College is one of life’s biggest investments leaving the average graduate with $37,172 in loan debt. Future financial analysts should begin sharpening their money management skills to avoid this stifling, interest-incurring burden. Hunting down free financial aid resources like grants, scholarships, and fellowships is the best way to cover costly college endeavors. Include the above scholarships for finance majors in your search for your own venture capital.

EXTRA:

In 1636, the same year that Roger Williams started Rhode Island, another group of settlers from Massachusetts traveled to the banks of the Connecticut River. This group of approximately 100 men, women, and children were searching for the rich, fertile soil of the Connecticut Valley. Led by Thomas Hooker, their church’s pastor, they roamed westward along Indian trails through dense forests. Once reaching the river’s banks, they began building a village called Hartford. Other pioneers soon branched off into nearby settlements. In 1662, after 15 towns were settled, the English King chartered the new colony and gave Connecticut citizens the right to govern themselves. Further north, the King had given Sir Ferdinando Gorges and John Mason the right to settle what’s now Maine and New Hampshire in 1622. Seven years later, the men divided their land with Gorges in the northern half and Mason in the southern. During the 1630s, Massachusetts Bay Colony pioneers moved northward to develop Portsmouth, Exeter, and Hampton. Like Rhode Island’s settlers, most were escaping from religious persecution. It wasn’t until 1679 that New Hampshire became a separate colony though. Settlers from the Netherlands and Sweden, rather than England, started erecting the first settlements in the Middle Colonies. In 1609, when Jamestown was only two, a Dutch ship named the Half Moon sailed from the Netherlands. Henry Hudson, an Englishman, captained the vessel. The Dutch East India Company hired him to explore the New World’s Atlantic coastline. Hudson was supposed to find a passage through America for a shorter trade route. Although he failed on that front, Henry Hudson did discover two rivers: the Delaware and the Hudson. He also found that the land was more fertile than Europe and the Indians were eager to trade furs. The Dutch claimed Hudson’s territory and named it New Netherland. Businessmen immediately began organizing a new company, the Dutch West India Company. They began building trading posts and forts along the rivers. The largest fort and the land surrounding it was promptly named New Amsterdam.