Business Administration Scholarships

Students of business related courses whose grades are average or better should take advantage of business administration scholarships offered in their respective universities when available.  If no such scholarships programs exist in their own university, the alternative is to look for business management scholarships elsewhere which are mostly offered by private organizations and foundations. 

These organizations and foundations set aside scholarship funds as a way of giving back to the community which has given them good business through the years with continued patronage of their products.  A number of these entities dole out huge sums of money to help students and

One of the organizations that provide business administration scholarships is Lockheed Martin.  Lockheed Martin is dedicated to address some of the critical issues in the communities whether the company operates there or not. Lockheed Martin donates $24 million to its Philanthropic Contributions each year.  One half of this goes to education through scholarships and other grants.

These scholarships are awarded¬¬ by the company through its Lockheed Martin Scholarship Program.  The program gives different scholarships to different types of students.  For students of business related courses, it offers HCF Lockheed Martin Scholarship Program scholarship which requires applicants to be of Hispanic heritage.  The scholarship grant gives a minimum financial aid of $500 up to a maximum of $5000.  The following are the eligibility requirements for the scholarship:

(a) the applicant must be a resident and a citizen of the United States with Hispanic heritage;

(b) must be a full-time student in Puerto Rico or United States;

(c) must have earned a General Point Average (GPA) of at least 3.0 (on a 4.0 scale)

(d) the applicant must demonstrate a need for financial assistance; and

(e) must be taking a business-related undergraduate degree, engineering, or science for the upcoming school year.

The Association of Certified Fraud Examiners (ACFE) Foundation through the Ritchie-Jennings Memorial Scholarship offers business administration scholarships to qualified students. The ACFE is the biggest anti-fraud organization in the world with more than 55000 members.  It is also the leading provider of anti-fraud education and training. The foundation scholarship program gives out a total of $53000 in financial aid to 30 deserving students.  The foundation scholarship grants range from a minimum of $1000 up to a maximum of $10000 for each recipient.

Students who would like to apply to the business administration scholarships offered by the ACFE Foundation should meet the following eligibility criteria and requirements:

(a) the applicant should be a full-time student currently enrolled and must also be enrolled in the next school year with finance, business administration, accounting or criminal justice as major or minor in a recognized 4-year university or college;

(b) for each term, undergraduate and graduate applicants must be enrolled in 9 hours and 6 hours respectively;

(c) complete transcript of records;

(d) recommendation letters from three persons, at least one of whom is preferably from a Certified Fraud Examiner or CFE; and

(e) completely filled-out questionnaire.

The applicants to the business administration scholarships will be evaluated using academic achievement, completed questionnaire, completed application, and recommendation letters as basis.  All applicants are guaranteed to be evaluated without bias as regards religion, race, national origin, color, gender, age, sexual orientation, and disability.  Past recipients of the scholarship are not eligible.  Students who are graduating during the next school year are not eligible to apply for the scholarship.

The application for the 2012 – 2013 Ritchie-Jennings Memorial Scholarship Program is now ongoing.  Interested students may apply online through ACFE’s official website.  The deadline for submission of applications is on February 3, 2012 at 11:59 P.M. Central Time.  The 30 lucky students who will be chosen as recipients of the business administration scholarships will be notified on April 20, 2012 while the scholarship awards themselves will be distributed on April 30.

The following are some entities who offer significant business administration scholarships:

(a) Economic Cub of Grand Rapids Scholarship – grants 4 scholarships with an average of $2500.

(b) Fukunaga Scholarship Foundation – grants 10 scholarships worth an average of $4000 each.       
       
(c) ACMPE Scholarships – offers $1000 to $5000 grants

(d) NSHMBA Scholarship – renewable scholarship that grants $2500 to $5000 per year.

(e) NAFOA Scholarship – gives financial aid ranging from $1000 to $1500 to each recipient.

Aside from the business administration scholarships mentioned above, students may also apply for McDonald scholarships.  The McDonald scholarships may also be used by students who are taking business-related courses as main basis for selection of recipients is the financial aid that the applicants need.