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. The exact number and amount of these scholarships varies year to year depending on funding and the applications received. Complete one application to be considered for any of the scholarships offered through the Department of Finance and Commercial Law.

Scholarships specifically for finance and commercial law 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.

Davette Susan Jones Endowed Finance Scholarship

  • Must be a 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 is considered.
  • Minimum 2.5 GPA (B.B.A.) and 3.0 (MBA) at the time of application.
  • This is a one-time non-renewable scholarship award.
  • Award amount is $500.

Gretchen Holloway Finance Scholarship

  • Must be a full-time B.B.A. student majoring in finance.
  • Student must demonstrate financial need.
  • One-time non-renewable scholarship award.
  • Award amount is $5,000.

James Perry Scholarship

  • Full-time B.B.A. or MBA student majoring in finance.
  • Minimum 3.0 GPA at the time of application.
  • 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

  • Must be a 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.

Eva C. and Joseph C. Wurzer Memorial Scholarship

  • Must be a full-time B.B.A. or MBA student majoring or concentrating in finance.
  • Preference shall be given to students who demonstrate financial need.
  • Minimum 2.5 GPA (B.B.A.) and 3.0 (MBA) at the time of application.
  • One-time non-renewable scholarship award.
  • Award amount is $5,000.

Scholarships funded by outside organizations only for WMU students

Chartered Financial Analyst Exam

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

Scholarship qualifications

  • Must be full-time WMU student who expects to graduate with a bachelor's degree within two years.
  • Must be full-time or part-time graduate student.

How to apply

  • Complete the application form at the CFA website.
  • Applicants will be interviewed by the sponsoring professors from the department.

Complete and detailed information on the CFA exam is available at cfainstitute.org. If you have any questions about the CFA scholarships, email Dr. Onur Arugaslan.

Greenleaf Trust

  • For WMU students planning to major in finance or personal financial planning.
  • Preference given to students in under-represented ethnic groups.
  • Eight scholarship awards of $12,400 each, renewable three times for a total of four years.

Complete details and application are available at greenleaftrust.com

Scholarships funded by outside organizations

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.
  • Must have a minimum GPA 3.0 at the time of application.
  • Student must demonstrate financial need.
  • Information and applications available at napslo.org under the foundation section.
  • Approximately ten $5,000 scholarships.

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.
  • Must have a minimum GPA 3.0 at the time of application.
  • Scholarships awarded on the basis of merit.
  • For detailed information and an application, please visit spencered.org.