For all the math lovers and data-oriented accounting students out there, who might think pursuing a career in related subjects is a bit expensive, should not feel disheartened or discouraged.
There are numerous public and privately funded accounting scholarships available to students worldwide. Taking advantage of such opportunity empowers anyone with financial hardship to have a chance at getting a higher education. Scholarships for accounting majors can help fulfill the dream of attaining a quality degree without having to worry much about the tuition fees, boarding or lodging charges, meal plans, and travel expenses. Some of the scholarships for accounting students are covered below.
Different Scholarships For Accounting Students
For students who are good with numbers and really enjoy mathematics in general, but aren’t interested in the engineering field, then accounting is a great field to go into. Whether you want to work for a public firm, the government, or a traveling organization, good money can be found in each once you build up some experience in the work place.
However, paying for the extensive schooling and courses can become a daunting obstacle, especially for individuals working to become a certified public accountant (CPA). In this case, applying for accounting scholarships as an undergraduate student can be one of the best decisions you ever make for yourself. Doing so can save you a lot of unnecessary headache and stress and most of all, keep you out of debt after graduation.
Grant Thornton Doctoral Dissertation Awards – The American Accounting Association
The American Accounting Association (AAA) offers the Grant Thornton Doctoral Dissertation Awards to students with a major in accounting. Five awards of $5,000 are presented to third and fourth year PhD students, who have interest in conducting research on innovative accounting methods or techniques. Each student should apply for the American Accounting Association membership prior to submission of the application form. These awards are offered to students who demonstrate clear intentions of working in the academic field after completion of the Doctoral Program. All the completed application documents along with the nomination letter attested by the most current designated adviser should be submitted before January 31. More information can be found on the AAA website.
The Association of Accountants and Financial Professionals in Business
The Association of Accountants and Financial Professionals in Business organization (IMA) offers scholarships, grants and competition programs. Every year, in the month of February, two scholarships in the range of $1,000 to $5,000 are awarded to accounting management students. These awards are presented on the basis of academic performance (grade point average of 3.0 or higher), extra-curricular achievements, and leadership potential. Students must be currently enrolled in a full time or part time graduate or under graduate course. Institute of Management Accountants membership is also mandatory, where students must have actively participated in the subject related events or informative sessions in the past.
The KPMG Foundation – Scholarships For Accounting Majors
The KPMG Foundation was founded in 1975 and has been active in over 1,400 colleges and universities in over 45 different countries since, they offer both undergraduate and graduate accounting scholarships. Hispanic and Native American students are offered 12 annual scholarships of $10,000 each to conduct research in the field of accounting. Each student can avail the benefits of this scholarship up to a maximum amount of $50,000 throughout the course duration. All the essential documents listed below must be submitted directly to the KPMG Scholarship Board along with the scholarship request form before May 1.
- Cover letter
- Research Proposal or Motive
- Graduate/Undergraduate Transcripts
- Letter of Acceptance from College/University.
Eligibility for KPMG financial aid also requires that an applicant be a permanent resident of the United States of America. Additionally, only those students who are currently enrolled in a full-time accounting business doctoral program are entitled to receive this award.
The Mass Mutual Financial Group – Accounting Scholarships For Minority Students
The Mass Mutual Financial Group provides academically brilliant, yet financially weak African American, Hispanic, and Asian graduate and undergraduate students awards of $5,000 each, to pursue a career in accounting services. Students are allowed to choose any college or university based in the United States, Puerto Rico, Virgin Islands, or Guatemala. The only prerequisite to acquire this grant is a minimum grade point average of 3.0 on an unweighted scale of 4.0.
In addition to scholarships and grants for minority students, summer internships are also offered to high-school and college students who intend to work in the field of accounting. The Mass Mutual group delivers several other merit or need based scholarships. These programs include the Academic Achievement program for Springfield students, and the Career Pathway program for children of employees. The only available mode of application for Mass Mutual funds is the internet; all submissions should be made before May 1.