Advancement of Minorities in Finance Scholarship

Funded by
$1,500
3 winners, $500 each
Awarded
Application Deadline
Jul 15, 2024
Winners Announced
Aug 15, 2024
Education Level
Undergraduate
Eligibility Requirements
Education Level:
Undergraduate student
Race:
BIPOC
Background:
Financial need
Field of Study:
Finance, business, or a related major

The financial industry has an underrepresentation of minorities, hindering the continued progress and growth of the field.

Pursuing fields that lack diversity can feel isolating for minority students, leading many to pursue other fields and continuing the cycle of underrepresentation. Industries flourish when the best and brightest minds, regardless of background, come together to use their unique experiences to solve problems, think creatively, and innovate. 

This scholarship seeks to support underrepresented students as they pursue their dreams through higher education.

Any BIPOC undergraduate student who has financial need and is pursuing finance, business, or a closely related major may apply for this scholarship.

To apply, tell us about yourself, your family needs growing up, how you were inspired to pursue business or finance, and how you hope to make a difference in your community after graduation.

Selection Criteria:
Ambition, Drive, Need
Published January 25, 2024
Essay Topic

Please tell us about yourself and describe your family needs growing up. How did it inspire you to pursue a career in business or finance? Also, how do you plan to make a positive impact on your community post-graduation?

400–600 words

Winning Applications

Nana Kofi Anti
Howard UniversityMableton, GA
In my application to Howard University, I made it clear that I wanted to attend Howard today, so I could change the world tomorrow. I grew up in a typical immigrant household, rooted in a tight knit Ghanaian community. I was born with a myriad of “aunties and uncles”, all community members who took it upon themselves to help one another succeed and raise their next generation in a foreign land. Many great qualities were instilled in me early on, most importantly ones of perseverance, grit, resilience and many more. As wonderful as these qualities are, and as grateful I am for their guidance in my life, I am more thankful for the purpose these qualities hoped to serve, our community and the collective betterment of our environment. I grew up surrounded by community heroes and trailblazers who dedicated all their efforts to support our community. These people were the business owners and entrepreneurs surrounding us. Auntie Millicent’s African Store fed the community and kept us moving, Uncle Sam’s tax preparation and financial consulting services practice helped us stay ahead and afloat, of financial matters while Uncle Kwasi’s event hall served as the de facto meeting place of our pride, hosting funerals, weddings, celebrations of life, birthday parties, and much more. Growing up I realized the power of commerce, of entrepreneurship, of businesses, through those ventures and many more. I realized the power and responsibilities of those trailblazers who took the risks so our community could thrive. I was proud of them and their grit, determination, and resilience. No matter what threatened them or their businesses they never let anything stop them. Along with my community, the economic inequalities and financial barriers of the 21st century, inspired me to pursue my degree in finance. Post-graduation, I plan to enter the finance industry, with aspirations for a career in investment banking, private equity, or wealth management. My career path is not merely a means to achieve personal success but a steppingstone towards a larger goal: starting a firm dedicated to providing funding to black businesses and financially empowering black communities. The financial industry, with its vast resources and influential networks, offers a powerful platform from which I can drive significant economic change. My vision is to utilize my financial expertise to address the challenges faced by both business owners and regular Ghanaian Americans. Many black-owned businesses struggle with limited access to capital, which stifles their growth and economic contributions. By focusing on investment banking, private equity, or wealth management, I aim to create pathways for these businesses to access the funding they need to thrive. This, in turn, will contribute to the economic expansion of my community, fostering a cycle of growth and empowerment. Additionally, my ultimate objective is to start a firm that not only provides funding but also offers financial education and resources to black communities. Financial literacy is a critical component of economic empowerment, and by equipping individuals with the knowledge and tools they need to manage their finances effectively, we can create a foundation for long-term stability and growth. This firm will serve as a beacon of support, helping to dismantle the systemic barriers that have historically hindered black communities from achieving economic prosperity. I attend Howard University so I can change the world tomorrow.
Cameron Dervin
Tuskegee UniversityChicago, IL
Anasia Currie
North Carolina A & T State UniversitySussex, NJ
Growing up in a low-income household and as a minority student, I quickly became aware of the financial challenges my family faced. We often could not afford, housing and food. I remember coming home from school on some days to the water being off. My awareness of this experience ignited a passion for finding solutions to financial difficulties, leading me to explore the field of accounting. My journey began in high school with my first accounting class, where I learned the pivotal role accounting plays in business. This discovery, coupled with the profession's stability and flexibility, solidified my decision to pursue a career in this field. Reflecting on my educational experiences, one significant influence was my AP Language class. My teacher emphasized the importance of being a Citizen Rhetorician, engaging in civic discourse, and contributing positively to society. This notion of civic responsibility and active engagement deeply resonated with me, shaping my desire to use my skills in accounting not just for personal success but to address broader societal issues. It taught me that contributing to the world around you takes work, understanding, and a sense of social responsibility to take care of those in need. This realization pushed me to find ways to serve my community within my chosen field. I plan to continue my education at North Carolina A&T State University, where I will seek opportunities to encourage younger generations of minority students, especially young women, to pursue careers in accounting. The low number of accountants, particularly black female accountants, highlights the need for increased diversity in the field. Organizations like The National Association of Black Accountants (NABA) and Women in Public Finance play crucial roles in promoting diversity and providing support for aspiring business professionals. By joining these organizations, I aim to elevate the voices of black women striving for success and implement plans to provide financial education and stimulate financial security in underserved communities. My ambition to pursue higher education is driven by my status as a first-generation college student. I want to give back to my community by initiating change in the financial and educational sectors. Through my studies and involvement in college activities, I hope to tackle systemic issues like financial insecurity and racial and gender discrimination. Additionally, regarding my financial circumstance, my stepmother has been battling stage 4 metastatic breast cancer since 2019, placing a significant financial strain on our family, which relies solely on my father's income. This personal challenge has further fueled my determination to pursue a career in accounting, where I can make a positive impact on my community by helping others navigate financial difficulties. I look forward to collaborating with like-minded individuals to achieve collective goals. Throughout my college life, after graduation, and during my career, I am committed to carrying out my passion for helping others. By extending my hand, I hope to promote change on a larger scale and support those in need, thereby contributing to a more financially literate and empowered community.

FAQ

When is the scholarship application deadline?

The application deadline is Jul 15, 2024. Winners will be announced on Aug 15, 2024.