FINCAD Women in Finance Scholarship is a scholarship programme that aims to support the women candidates who want to pursue higher studies in the field of finance. This scholarship is awarded to one female candidate every year based on their academic performance, leadership potential and commitment to empowering women in finance. This scholarships in UK for Indian students was started by the FINCAD, a leading software company, based in Vancouver, Canada) in 2014 for the master’s or PhD degree candidates.

  • The winning female candidate of this scholarship will be awarded USD 20,000 (INR 16,40,151) to support the cost of their higher studies in finance.
  • From the given amount, 50% of the amount will be sent directly to the college/ university where the candidate has taken the admission and the rest 50% of the amount will be sent to the candidate's personal account.
  • It is only awarded to the female candidate who will pursue the higher studies in the field of finance that includes financial asset management, market risk management, derivatives finance in the capital market.
  • Candidates applying for this scholarship should have enrolled in the finance course and should start attending the classes.

Women in Finance Scholarship Details

Type of Scholarship

College- based and merit- based.

Total amount given per student

USD 20,000 (INR 16,40,151)

Duration of the Scholarship

One year

Scholarship amount used for

Education fees (not applicable for other purposes such as accommodation, medical expenses, child care, others)

Scholarship applicable for

ICL’s M.Sc Finance/ Finance & Accounting, M.Sc Risk Management & Financial Engineering, and M.Sc Investment & Wealth Management

Total students to be awarded

One female candidate

Women in Finance Scholarship Eligibility Criteria

The benefits for studying in the top universities in different countries for this scholarship is that every student is eligible to apply. Below are the eligibility criteria for the scholarship to Study in UK:

  • The female candidates who want to pursue masters and PhD in the field of finance at any recognized university in the UK, USA, Australia, Germany, etc. are only eligible for this scholarship.
  • It is necessary to submit at least 2 LORs from which one LOR should be academic.
  • Candidates have to show their academic excellence such as any certificate received at the UG level, etc.
  • Candidates have to give proof of their leadership skills.
  • The students should have enrolled in the full-time course.
  • Candidates have to submit the scorecard of any English proficiency test that includes TOEFL/ IELTS/ PTE exam.

Applicable Courses, Universities and Countries for Women in Finance Scholarships

  • Applicable courses: Masters, PhD degree or Masters Diploma in the field of finance
  • Applicable universities: It is applicable for all the universities present in at least more than 230 countries that includes the UK, USA, Germany, Australia, India, Switzerland, Denmark, UAE, Russia, etc.

Steps to apply for the Women in Finance Scholarships

Candidates can apply for this scholarship to support the tuition/ education fees of the universities where they have enrolled in. Here are the steps to apply for the scholarship for UK student visa:

  1. Candidates can visit the official website to check the steps involved in the application process.
  2. Candidates have to submit all the documents before the deadline. No late submissions will be entertained.
  3. The application of only those female candidates will be accepted who wish to pursue their higher education in the field of finance.
  4. Visit the official website, create your username and password, and fill the entire application form by attaching the required documents.
  5. After submitting the application form, you cannot make any changes in your form.
  6. Candidates should take care that they have to submit the application form only once and repeated forms will not be accepted.

Documents Required for Women in Finance Scholarships

Candidates must check cost of living in UK for international students while applying for the scholarship. While applying for the scholarship, candidates have to attach the necessary documents along with their application form. Scholarship applications require the following documents:

  • Two relevant LORs
  • Updated Resume
  • Proof of the postgraduate programmes in which the candidates have enrolled
  • Official transcripts from the UG programmes
  • Personal statement
  • CAS Letter

Women in Finance Scholarship Selection Procedure

The female candidates will be selected based on their academic performance and leadership potential. There is no planned procedure for the selection of the candidates in the Women in Finance Scholarship. The factors that will be taken into consideration while selecting the candidates includes:

  • Evaluation of the personal statement, 2 LORs and academic transcripts
  • Evaluation is done based on the academic achievements, leadership potential and commitment to empowering women in finance.
  • Candidates have to appear in an interview which will be conducted via video conference or in person.
  • So, the final selection will be done based on the submitted application form, attached documents and interview given by the candidate.

Benefits of the FINCAD Scholarships

Here are some of the benefits provided by the FINCAD scholarship:

  1. Candidates will get the financial support to support the expenses of their education.
  2. Half the scholarship is given to the candidates and half will be directly paid to the institution or university where you took admission.

Hence, only female candidates can apply for this scholarship to support the education cost of their higher studies chosen in the field of finance. The selection of the female candidate will be done based on their academic excellence, leadership potential and performance in the interview conducted by the authorities.

FAQs

Ques: What is the FINCAD scholarship for women in finance?

Ans: FINCAD Women in Finance Scholarship is a scholarship programme that aims to support the women candidates who want to pursue higher studies in the field of finance. The winning female candidate of this scholarship will be awarded USD 20,000 (INR 16,40,151) to support the cost of their higher studies in finance.

Ques: Who is eligible for the FINCAD Women’s Association Scholarship?

Ans: The female candidates who want to pursue masters and PhD in the field of finance at any recognized university in the UK, USA, Australia, Germany, etc. are only eligible for this scholarship. They have to submit the 2 valid LORs and have to give proof of their leadership skills.

Ques: How to apply for the FINCAD Women in Finance Scholarship?

Ans: To apply for this scholarship, candidates have to visit the official website, create their account and password. Now go through the application form pattern and enter all the required details and attach the necessary documents required to submit the application form.

Ques: How many students can get this Women in Finance Scholarship?

Ans: Only one female candidate will be awarded the Women in Finance Scholarship and will be given $20,000 as the scholarship amount to support the expenses of their education or tuition fees.

Ques: What is FINCAD?

Ans: FINCAD is a leading software company that empowers the other companies to make the correct decisions regarding the investment.

Ques: Why did the candidates apply for the FINCAD Women in Finance Scholarship?

Ans: Female candidates who wish to pursue their higher studies abroad but are unable to afford the educational and other expenses can apply for this scholarship. It aims to provide the financial support to the candidates to submit their tuition fees in the university and continue their studies in the field of finance.

Ques: What are the documents required for the Women in Finance Scholarship?

Ans: The documents required for the Women in Finance Scholarship are two relevant LORs, updated resume, proof of the postgraduate programmes in which the candidates have enrolled,

official transcripts from the UG programmes, and personal statement.

Ques: Name the courses that are applicable for this scholarship?

Ans: This scholarship is applicable for the students in Masters, PhD or Masters Diploma in the field of finance taking admission in any of the universities present in at least more than 230 countries that includes the UK, USA, Germany, Australia, India, Switzerland, Denmark, UAE, Russia, etc.

Ques: What is the type of the Women in Finance Scholarship?

Ans: The Women in Finance Scholarship is a college- based and merit based scholarship whose selection criteria is based on the candidate’s academic performance as well as the leadership potential.