FINCAD Women in Finance Scholarship: Your Guide

FINCAD Women in Finance Scholarship aims to acknowledge outstanding women who plan to advance their education and career in the domain of financial asset management, derivatives finance in the capital markets, or market risk management. 

The scholarship was started in 2014 to help women enter the capital markets and finance, precisely, the industries that traditionally occupy far more men than women. Elevated female representation in the fintech industry for middle and senior-level management job roles is the aim of this scholarship.

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Scholarship Eligibility Criteria

If the FINCAD Women in Finance Scholarship interests you, you must go through the eligibility criteria to figure out if you can apply or not. Below mentioned are all the requirements for your reference:

• The applicant should essentially be a female student. 
• They must be enrolled in a recognized university in the United Kingdom, Germany, the United States of America, Australia, etc. 
• They must pursue a post-graduate program emphasizing finance, specifically related to the utilization of derivates in the capital markets or financial risk management.

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Benefits of FINCAD Women in Finance Scholarship

If you become a beneficiary of the FINCAD Women in Finance Scholarship, you will be offered the below-mentioned benefits:

• The recipient will be awarded USD 20,000 (INR 14,80,000), which should be used for educational purposes
• 50% of the Scholarship will be given to the winner directly. The rest, 50%, will be provided to the educational institution to assist their tuition fee payment directly.

Documents Required for FINCAD Women in Finance Scholarship

If you are a woman who plans to avail of the benefits offered by the FINCAD Women in Finance Scholarship, then certain documents would be needed during the application. We strongly recommend gathering these as soon as possible.

The necessary documents have been listed below:

• An updated resume or CV. 
• You would require two letters of recommendation from relevant individuals such as university staff or professors, colleagues, or work supervisors.
• Official transcript from your undergraduate program/programs. 
• Any authored papers (optional). 
• Confirmation of enrolment or acceptance in the post-graduate program.

How to Apply for the FINCAD Women in Finance Scholarship

After you have obtained all the necessary documents, it is time to apply. To apply for this scholarship program, all the applicants have to follow the guidelines mentioned here:

• Go to the official website to receive the comprehensive details on the application steps. 
• All the submissions need to be completed before the prescribed deadlines. None of the late submissions will be taken into consideration.
• The organization welcomes submissions from female candidates pursuing a post-graduate program in finance at a university that is endorsed by an international or national body.
• The complete application and all the required documents must be in English. The university transcript can be in another language. 
• You must sign up and create a password and user name to complete the application.
• Post applying, you cannot edit any details. 
• You will receive a prompt from the platform confirming that the application has been submitted. 
• Applicants shouldn’t attempt to communicate with the organization to confirm if the application has been seen or not. Any receipt or progress will be highlighted in the account
• You should not submit more than one application. 

FINCAD Women in Finance Scholarship Important Dates 

 Usually, the application deadline for the FINCAD Women in Finance Scholarship is during the last week of June for the upcoming Fall intake.

The winner is informed and declared on or before August 15th. For the Fall 2022 intake, dates haven’t been rolled out yet. You can check the website in the spring of 2022 to catch the important dates.

The link for the website is here.

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Selection Criteria for the FINCAD Women in Finance Scholarship

The selection process for the FINCAD Women in Finance Scholarship is primarily based on the scholarship application and the supporting documents that you submit to FINCAD.