Scholarships

Each year, finance and commercial law majors and minors are invited to apply for various scholarships available to all business students through the Haworth College of Business and Western Michigan University. In addition, there are a number of scholarships that are available solely for finance and personal financial planning majors.

Scholarships specifically for finance and commercial students and their qualifications and conditions are listed below. In addition, students should review the Haworth College of Business scholarship information and information from financial aid.

Charles C. and Lynn Zhang and Associates Scholarships

  • Full-time B.B.A. students majoring in finance or personal financial planning.
  • Awarded to a junior and senior-level student with the highest cumulative GPA and by the recommendation of the chair of the Department of Finance and Commercial Law.
  • Academic-based award.
  • Award amount is $500 for each awardee at the end of spring semester. 

Davette Susan Jones Endowed Finance Scholarship

  • Full-time B.B.A. or MBA student majoring in finance.
  • Preference given to members of Mt. Zion Baptist Church.
  • Participation in the University's study abroad program considered.
  • Minimum 2.5 GPA (B.B.A.); 3.0 (MBA).
  • One-time non-renewable scholarship award.
  • Award amount is $500.

James Perry Scholarship

  • Full-time B.B.A. or MBA student majoring in finance.
  • Minimum 3.0 GPA.
  • Preference given to transfer student from Henry Ford Community College and secondly from any other community college.
  • Preference given to member of Alpha Kappa Psi fraternity.
  • One-time non-renewable scholarship award.
  • Award amount is $500.

Liehr Family Scholarship for Personal Financial Planning

  • Full-time B.B.A. student majoring in personal financial planning, or expressing a strong interest in the program.
  • Preference shall be given to any student from the state of Illinois, and secondarily to any student from Kalamazoo County.
  • One-time non-renewable scholarship award.
  • Award amount is $500.

Sanford Financial Services Scholarship for Financial Planning

  • Full-time BBA student majoring in personal financial planning.
  • Preference given to junior or senior from the state of Michigan.
  • Minimum 3.0 GPA.
  • Preference given to students planning to pursue careers as certified financial planners.
  • Need based award.
  • Two renewable scholarship awards of $1,000 each.

State Farm Scholarship in Finance

  • Full-time BBA student majoring in finance or personal financial planning.
  • Preference to students planning to pursue careers in insurance or financial services.
  • Awarded on basis of scholarship and professional activities and accomplishments.
  • Minimum 2.5 GPA
  • Not a need-based award.
  • Three scholarship awards of $2,000 each, renewable one-time for a total of two years.

Scholarships funded by outside organizations only for WMU students

Charted Financial Analyst Exam

The CFA Institute is offering student scholarships for the June 2015 CFA exam. The scholarship waives the enrollment fee and substantially discounts the registration fee for the exam, which includes the study materials.

Scholarship qualifications

  • Full-time WMU student in final undergraduate year, scheduled to receive a bachelor’s degree.
  • Full-time or part-time graduate student.

How to apply

  • Applications are available in the office of the Department of Finance and Commercial Law and must be submitted no later than January 16, 2015.
  • Applicants will be interviewed by the sponsoring professors from the department.

Complete and detailed information on the CFA exam is available at www.cfainstitute.org. If you have any questions about the CFA scholarships, please contact Dr. Devrim Yaman at devrim.yaman@wmich.edu.

Greenleaf Trust

  • For WMU students planning to major in finance or personal financial planning.
  • Preference given to students in under-represented ethnic groups.
  • Eight scholarships awards of $10,000 each, renewable three times for a total of four years.

Complete details and application are available at www.greenleaftrust.com/scholarships.

Scholarships funded by outside organizations

Arthur N. Caple Foundation

  • Scholarship awards offered to junior, senior and graduate students who demonstrate academic excellence and an understanding of the issues facing public sector retirement plans.
  • $1,000 to be used toward educational expenses.
  • Registration, travel and hotel accommodations for the NAGDCA annual meeting. Valued at over $1,000.
  • Coverage of expenses to enroll in the Certified Retirement Counselor certification, including program materials and exam.
  • For more information please visit http://www.caplefoundation.org.

Derek Hughes/NAPSLO Educational Foundation Scholarships

  • Major must be related to a career in insurance.
  • Undergraduate or graduate degree program in actuarial science, business, economics, finance, insurance, management, risk management or statistics.
  • Minimum GPA 3.0.
  • Need-based award.
  • Information and applications available at www.napslo.org under the foundation section.
  • Approximately 10 $5,000 scholarships.

George Harding Fund Charitable Trust Scholarship by the Michigan Bankers Association

Information and application

  • Degree program must be finance-related, business administration, economics, etc.
  • Awarded to Michigan resident who is a full-time undergraduate or graduate student.
  • Minimum GPA 3.0.
  • Available to juniors and seniors.
  • Campus activities and evidence of leadership qualities are considered.
  • Award amount is $1,000.

Insurance Scholarship Foundation of America

  • One application for consideration in three different awards.
  • Spring and fall award periods.
  • Scholarships to junior or senior students majoring or minoring in insurance, risk management or actuarial science.
  • Candidate must be completing or have completed the second year of college.
  • Candidate will have successfully completed two insurance, risk management, or actuarial science courses having a minimum of three credit hours each.
  • Minimum GPA 3.0.
  • Scholarship may range from $500 to $5,000.
  • For detailed information and an application, please visit www.inssfa.org/.

Spencer Educational Foundation Inc.

  • Awards a variety of named and memorial scholarships to full-time undergraduate students.
  • One full-time application to be considered for all awards.
  • Field of study: Normally a risk management discipline within a business curriculum.
  • Minimum GPA 3.0.
  • Scholarships awarded on the basis of merit.
  • For detailed information and an application, please visit www.spencered.org