Graduate Scholarships for Underrepresented Minorities

American Association of University Women
AAUW awards fellowships to underrepresented minority women who intend to pursue a full-time course of study in an MBA program. Award amounts range from $5,000 to $12,000. Candidates are eligible to apply for support for the final year of study only and are expected to receive their degrees at the end of the fellowship year. The application deadline is in January.

American Indian Community House
The American Indian Community House provides financial awards based on a needs assessment and include: tuition assistance, books & supplies, and stipends. Students must live in the New York City metropolitan area and must meet WIA program eligibility requirements in order to receive services.

American Indian Graduate Center
To be considered for an AIGC fellowship the applicant must be: 1) pursuing a post baccalaureate graduate or professional degree as a full time student at an accredited institution in the U.S., 2) able to demonstrate financial need, and 3) an enrolled member of a federally recognized American Indian tribe or Alaska Native group, or provide documentation of descent (possess one-fourth degree federally-recognized Indian blood).

American Institute of Certified Public Accountants (AICPA)
AICPA offers many scholarship opportunities for accounting students at varying points in their academic careers.

  • The AICPA Minority Doctoral Fellowship seeks to increase the representation of ethnically diverse CPA professors in college/university classrooms.
  • The John L. Carey Scholarship provides financial assistance to liberal arts and other non-business related degree holders who are pursuing graduate studies in accounting and the CPA designation.
  • The AICPA/Accountemps Student Scholarship provides financial assistance to accounting majors who plan to become CPAs.
  • The AICPA Minority Scholarship program provides awards to outstanding undergraduate and graduate minority students who plan to pursue the CPA licensure.

Association on American Indian Affairs Scholarships
The Association on American Indian Affairs disperses $400 to $1,500 awards from eight scholarship funds to American Indian and Native Alaskan Undergraduate and Graduate applicants. One of the scholarship funds, the Allogan Slagle Memorial Scholarships, awards $1,500 to American Indian and Native Alaskan students who are members of tribes that are not federally recognized.

Association of Latino Professionals in Finance and Accounting
ALPFA and the Hispanic Scholarship Fund have partnered to provide financial resources to assist outstanding Latino students. The purpose of these scholarships is to encourage those students who have demonstrated academic excellence to continue pursuing their professional careers.

Base of the Pyramid (BoP) Short Essay Competition
The Base of the Pyramid (BoP) Short Essay Competition is open to all students and professionals. To enter, you must (in 500 – 1000 words) clearly articulate a business challenge that an organization working in a low – income community is striving to overcome. Your description must describe in detail the business model and include a financial analysis of the business. Business models may be successful or unsuccessful, provided the challenge and solution – attempt is elaborated upon.

The Congressional Hispanic Caucus Institute
This premier scholarship opportunity is afforded to Latino students who have a history of performing public service-oriented activities in their communities and who plan to continue contributing in the future. Students with excellent leadership potential are encouraged to apply.

Forte Foundation
Forté Foundation is a consortium of major corporations and top business schools that has become a powerful change agent in educating and directing talented women toward leadership roles in business. Their mission is to provide an increasing number of women with the tools and resources to achieve a successful career in business. Forté Foundation offers fellowships to women who are pursuing a full-time, part-time or executive MBA education at participating business schools. Forté Foundation Fellowships are intended to increase the number of women applying to and enrolling in MBA programs.

Government Finance Officers Association (GFOA)
GFOA is a professional association of state/provincial and local finance officers in the United States and Canada, and has served the public finance profession since 1906. There are 5 scholarship opportunities:

  • Daniel B. Goldberg Scholarship: The Daniel B. Goldberg Scholarship of $10,000 is available to a full-time graduate student who is pursuing an advanced degree preparing for a career in state or local government finance.
  • Frank L. Greathouse Government Accounting Scholarship: The Frank L. Greathouse Government Accounting Scholarship of $5,000 is available for award to one or more undergraduate or graduate students enrolled in full-time study preparing for a career in state and local government finance.
  • Minorities in Government Finance Scholarship: The Minorities in Government Finance Scholarship of $5,000 is available for award to an upper-division undergraduate or graduate student of public administration, (governmental) accounting, finance, political science, economics, or business administration (with a specific focus on government or nonprofit management).
  • Government Finance Professional Development Scholarship: The Government Finance Professional Development Scholarship of $5,000 is available for award to one or more employees of a state or local government enrolled in part-time graduate study preparing for a career in state and local government finance.

Hispanic College Fund
Dedicated to developing the next generation of Hispanic professionals by awarding $2.4 million to over 600 students nationwide in 2006-2007.

Hispanic Scholarship Fund
Along with Pfizer, Inc., sponsors students in graduate school. Awards are for $10,000 in a student’s first year of graduate study, with the possibility of renewal for a second year.

La Unidad Latina Foundation
Educational scholarships are awarded to Hispanic students on a competitive basis and range from $250 to $1,000.

My College Options
My College Options is a FREE college planning service, offering assistance to students. It is designed to assist students in exploring a wide range of post-secondary opportunities specific to their state of permanent residence and the state in which they plan to attend school.

National Black MBA Association (NBMBAA)
NBMBAA awards outstanding minority students pursuing graduate management/business degrees, while demonstrating strong leadership abilities and a commitment to their communities.

National Society of Hispanic MBAs (NSHMBA)
NSHMBA identifies students who have demonstrated potential to make significant contributions in the field of business in the public and private sectors. Scholarship awards up to $15,000. The application deadline is in May.

Office of Navajo Nation Scholarship & Financial Assistance
The Navajo Nation Graduate Fellowship is established to provide financial assistance in the form of grant awards to eligible Navajo students wishing to attend or attending graduate school, utilizing the Navajo Nation Graduate Trust Fund. For all full-time graduate students, the award shall be a minimum of $5,000 and up to a maximum of $10,000 for nine to twelve semester credit hours, per academic year based on points system as outlined in the ONNSFA program policy and procedures.

Toigo Foundation
To encourage more minority presence at senior levels across all areas of finance, the Foundation begins with recruiting the best, the brightest, and the most committed minority students pursuing finance-related careers. Toigo fellows receive tuition assistance in addition to career counseling, leadership training, and a host of formal and informal networking opportunities.

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Source: Compiled from online sources and Andrew Padilla