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.
Ranking the Best Finance Scholarships Available
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.
AFWA Foundation Master’s Scholarship
2365 Harrodsburg Road, A325
Lexington, KY 40504
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.
Association of Insurance Compliance Professionals Scholarships
12100 Sunset Hills Road Suite 130
Reston, VA 20190
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.
Bernie Johnson Memorial Scholarship
100 M Street SE Suite 600
Washington, DC 20003
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.
Brandes Investment Partners Scholarships
11988 El Camino Real Suite 600
San Diego, CA 92130
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.
Daniel B. Goldberg Scholarship Program
203 N. LaSalle Street Suite 2700
Chicago, IL 60601
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.
Finance Executives International Scholarships
1300 South El Camino Real Suite 100
San Mateo, CA 94402
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.
Griffith Insurance Education Foundation Scholarships
720 Providence Road Suite 100
Malvern, PA 19355
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.
Hale Kauai Scholarship in Memory of Samuel W. Wilcox II
827 Fort Street Mall
Honolulu, HI 96813
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.
Herman Lerdal and Joyce Hazeltine Scholarships
109 West Missouri Avenue
Pierre, SD 57501
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.
John W. Rogers Memorial Scholarship Fund
207 East Capitol Avenue
Jefferson City, MO 65101
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.
Matt Fong Asian Americans in Public Finance Scholarship
465 California Street Suite 809
San Francisco, CA 94104
12.Native American Finance Officers Association Scholarships
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.
Native American Finance Officers Association Scholarships
1101 30th Street NW Suite 500
Washington, DC 20007
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.
PM Business Advisors’ Striving for Greatness Scholarship
14 Penn Plaza Suite 1800
New York, NY 10122
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.
Richard D. Wiegers Educational Scholarship
P.O. Box 2607
Springfield, IL 62708
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.
Ritchie-Jennings Memorial Scholarship Program
716 West Avenue
Austin, TX 78701
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.
Rolf S. Jaehnigen Family Scholarship
10 Paragon Drive Suite 1
Montvale, NJ 07645
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.
TD Ameritrade NextGen Scholarships
200 South 108th Avenue
Omaha, NE 68154
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.
Tim Smith Memorial Student Scholarship
1525 Sherman Street 5th Floor
Denver, CO 80203
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.
UNCF/Carnival Corporate Scholars Program
1805 7th Street NW
Washington, DC 20001
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.
William B. Brandt Memorial Scholarships
233 South 13th Street Suite 700
Lincoln, NE 68501
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.
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