A finance degree can get you a career in several fields including accounting, banking, and financial planning. However, pursuing a degree in finance requires some expenses. These scholarships for finance majors can help cover these expenses.
Jump ahead to…
- How to win finance scholarships
- Resources for finance majors
- Frequently asked questions about finance scholarships
- Additional scholarship lists to explore
How to win finance scholarships
As with any scholarship, finance scholarships are highly competitive. To win, you’ll have to put a lot of effort into your applications and essays. Luckily, we can help you with this! To ace your essays, check out our guides on how to start and end a scholarship essay, how to respond to common scholarship essay prompts, and how to write about yourself. We also have guides on writing a winning scholarship essay, finding local scholarships, and writing a scholarship resume. Good luck!
Resources for finance majors
Beta Alpha Psi is an international honor organization for students interested in accounting and finance. This organization can help you to keep up to date with the current state of the field, as well as provide networking opportunities with professionals around the world. You can check whether there is a chapter in your region or at your school through their website.
The author of books such as Moneyball and The Big Short has been making finance accessible for decades. His podcast includes information to help explain complex finance topics in ways anyone can understand. Especially for beginning students, this can be a valuable resource to become introduced to topics you’ll learn about later in your studies. For more advanced students, this can be a crash-course in explaining complex topics in simple terms.
The Association for Finance Professionals is an international organization with members across many different fields of finance. You can earn certificates through this organization, connect with professionals, and learn about the current state of the industry.
Frequently asked questions about finance scholarships
Does finance count as STEM?
In general, finance has not counted as a STEM degree. However, in some spheres, that definition is changing. For example, at MIT, the administration recently classified finance majors as STEM majors. This may be part of a larger shift in classification for finance. What does this mean for finance majors? Well, one big change is that it may qualify you for STEM scholarships. STEM scholarships are one of the most plentiful types of scholarships, so this is potentially a big opportunity.
How can I pay for a finance degree?
There are many ways out there to pay for a finance. It’s a good idea to take full advantage of every possible opportunity. That includes filling out the FAFSA, seeing if you qualify for the Pell Grant, applying for outside scholarships, and applying for school-specific scholarships. Many students also have to take out loans. Another great strategy for finding scholarships is looking for local scholarships. Because the competition is usually less numerous, you have a better chance with local scholarships.
Do I need to major in finance to earn a finance scholarship?
Most finance scholarships require that you have plans to major in finance or a finance-related field. So, you have to demonstrate an interest in the field and an intent to major in it. That being said, if you end up changing your major down the line, you will probably be able to keep the scholarship money if you applied for it during high school. If you have a renewable scholarship, you may not be able to renew it if your major plans change, however.
What careers in finance are in-demand?
According to Northeastern University’s December 2021 report, controller, financial manager, and management consultant are the three most in-demand finance careers. For the most up-to-date results, try browsing the Bureau of Labor Statistics’ Occupational Outlook Handbook. You’ll be able to look up any occupation that interests you and see its forecasted growth over the next decade, as well as median salary data.
Additional scholarship lists to explore
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