10 Great Scholarships for Business Majors
What’s Covered:
As a business major, you will learn business operations, build quantitative and reasoning skills to become prepared to enter the world of business. But, you have to get there first! Paying for school is one of the biggest stressors on college students. The awards below are specifically targeted to students like you interested in business. Before you take a look at these scholarships, make sure you complete the FAFSA and a CSS profile. These are some of the easiest ways to get aid for college. Done with those? Let’s take a look at some more scholarships for business majors.
10 Great Scholarships for Business Majors
1. Nomad Capitalist Scholarship for International Business Students
Amount: $1,000
Deadline: November 15
Eligibility: Students must be attending an undergraduate or graduate school in the U.S. within the next twelve months studying in a business-related field.
Application Requirements: Application paperwork, 1000+ word essay on a topic chosen by the organization.
Nomad Capitalist focuses on internationalization strategies to build globalization in business. The scholarship is meant to help students who may not otherwise have the financial means to attend college, or who may think college is out of their reach. Once your essay is submitted, Nomad Capitalist will choose five finalists. All five essays will be posted on the NC blog, and you will be asked to share this on your social media, along with your friends and family. The student with the best essay and best promotion will be chosen as the winner.
2. Fukunaga Scholarship Foundation
Amount: $20,000 over four years
Deadline: March 1
Eligibility: Student must be from the state of Hawaii and attending college in the U.S. pursuing a Business or Business-related degree.
Application Requirements: Application paperwork, official transcript, two letters of recommendation, a completed FAFSA, and an interview in Honolulu.
The Fukunaga Scholarship Foundation awards various scholarship packages to students across the Hawaiian islands. This scholarship is meant to aid students experiencing financial need who exhibit strong leadership skills and aptitude in obtaining a business degree. Between 12 and 15 finalists will be chosen and interviewed in Honolulu.
3. Scarlett Family Foundation Scholarships
Amount: $2,500 – $15,000
Deadline: December 15
Eligibility: Students must be graduates of any high school in Middle Tennessee’s 40 counties, demonstrate financial need, pursue a Business or STEM degree at a 4-year college or university, have a minimum GPA of 2.5, receive a minimum score of 21 on the ACT, and enroll full-time the following fall.
Application Requirements: Application paperwork, official transcripts, community service and extracurricular transcripts, and an essay.
The Scarlett Family Foundation has awarded over $15 million in college scholarships to over 600 students. The goal of the scholarship is to aid students in rural, middle Tennessee, who may experience undue financial hardship. The Foundation’s selection committee reviews applications based on financial need, academic achievement, community service, extracurriculars, and essay content. The award amount depends on academic and personal achievement, adjusted gross income, estimated family contribution, and the cost of tuition, books, and fees.
4. PMI Educational Foundation Scholarships
Amount: $1,000 – $7,500
Deadline: May 1
Eligibility: Students must be attending a four-year university in a degree program related to project management, including Business, or Business Administration.
Application Requirements: Application paperwork, education information (transcripts, etc), essay, resume/CV, and two reference letters.
The Project Management Institute Educational Foundation awards financial assistance to students preparing to enter a project management or related course of study. In completing the application, you are applying for over 40 scholarships awarded by the Foundation. To apply, you will need to create an account on their website, complete your application, and check back on its status.
5. MU30’s Scholarship for Women in Finance
Amount: $1,000 or $2,000
Deadline: March 31
Eligibility: Students must identify as female, plan to enroll full-time at an accredited U.S. university, and be pursuing a degree in Finance, Business Administration, Accounting, or Economics.
Application Requirements: Application paperwork on MU30’s website, mention MU30 in a tweet providing the most important financial tip you’ve learned in your personal life.
Money Under 30 is offering this scholarship to empower women in finance and ease the financial burden of education. They recognize the unique challenges women face financially in general, as well as in the finance industry. Finalists will be selected based on the content and creativity of their tweet, and then asked to submit an essay on their personal journey to becoming financially healthy, as well as an up-to-date resume. The winners are selected based on the content and creativity of their essays, and the value those essays provide others.
6. AX Control, INC. Academic Scholarship
Amount: $1,000
Deadline: June 1
Eligibility: Students must be 18 or older, and be enrolled at least part-time at an accredited college or university.
Application Requirements: Application information and essay
AX Control, INC. offers this award to a student who exemplifies passion for small business, and exudes that passion in their essay. Essays should cover how a small business has impacted the student’s life, and/or any ambition they have toward starting their own small business. This is a one-time award, and the winner must notify their financial aid office. The form to submit the application is available on the organization’s website.
7. Women in Public Finance Scholarship
Amount: $3,000
Deadline: June 1
Eligibility: Student must identify as a woman, plan to enroll in a four-year college or university, demonstrate good academic standing, exhibit leadership skills, and have an interest in a public finance-related career.
Application Requirements: Application paperwork, essay submission, academic transcripts, and resume.
Women in Public Finance offer this scholarship to recognize college-bound women who show high academic capacity and strong leadership capabilities. They hope to support women entering the public finance space through easing the stress of school finances, and allowing them to focus on their studies. They also have a chance to meet already established women in the industry, building their network early on.
8. Business Leaders Scholarship Award
Amount: $1,500
Deadline: Offered twice a year; May 1 and October 1
Eligibility: Students must be accepted and enrolled in a qualified business program at a college or university.
Application Requirements: Application paperwork, transcripts, work experience and activities transcript, and essay.
Offered by BusinessStudent.com, this award is meant to give back to the education community. The student must be enrolled in a business program in the business department or college within their university to be eligible. Selection is based on the demonstrated ability to write a strong essay. Insights must be based on fact, and the essay must be original work.
9. Sunrise Scholarship
Amount: $1,000
Deadline: April 29
Eligibility: Student must be a U.S. resident heading into or attending a college undergraduate program, have a cumulative GPA of at least 3.0, and have taken either the ACT or SAT.
Application Requirements: Essay response
Soliant Consulting offers the Sunrise Scholarship to assist students with education costs. Students do not have to submit any application paperwork unless their essay is deemed a finalist. Incoming freshmen, as well as college undergraduates are eligible for the scholarship. Applicants should email their essay to the company.
10. Fisher Investments Scholarship Program
Amount: $5,000
Deadline: June 30
Eligibility: Student must be a U.S. citizen, at least 17 years old, have a minimum 3.0 GPA, be enrolled in a college or university, and pursue a degree that promotes financial literacy, like Business, Law, Finance, Accounting, or Economics.
Application Requirements: Application paperwork, essay.
Fisher Investments seeks to aid students in learning about finances and financial literacy through this award. They believe that strong financial literacy skills help people achieve their goals long-term. This scholarship is offered twice a year to students who can demonstrate strong financial literacy skills, a commitment to achieving their short and long-term financial goals, and outstanding academic performance.
3 Tips for Applying for Scholarships
1. Start early
All scholarships have deadlines, usually in the winter or spring before graduation. It’s important to make sure you are being proactive when you’re applying so that you don’t miss out. You want to be sure you are researching and filling out applications well before the deadline so that when it comes, you’re already good to go! That way you can spend the end of your senior year enjoying all the wrap-up festivities, and not stressing about college money.
2. Look close to home
National programs are great, and they often give large rewards, but they usually attract a large number of applicants. Local scholarships tend to have a much smaller applicant pool, making it easier for you to stand out and impress. These awards tend to be smaller than the more well-known scholarships, but you have a much better chance of wowing the committee. You can also personalize the application to where you’re from, showing how your community has impacted you. Check out your state, county, and college for specific scholarships.
3. Make a plan
The last few months of your senior year are going to be extremely hectic, and you need to be organized so you don’t miss anything. As early as possible, you should get a planner and use it! If you’re not a paper and pencil person, there are plenty of free online planners and apps you can use. Write down application deadlines for schools and scholarships, along with your high school’s end-of-year activities. Make a to do list to keep track of application requirements. This will help you stay organized and on top of things.
