Scholarships for Future Financial Services Professionals Available Through RMA

Philadelphia, Pa. (October 3, 2016)—

The Risk Management Association Foundation is once again accepting scholarship applications from college students who intend to pursue careers in the financial services industry. Awards ranging from $2,000 to $5,000 per student are available.

The Foundation first awarded scholarships in the 2015-2016 academic year, providing $129,000 in awards to 54 students.

Applications from undergraduate college students majoring in accounting, business, finance, economics, banking, or a similar field are being accepted through November 13. Individual award amounts will be based on the strength of the application. Up to $200,000 overall will be awarded this academic year. 

The RMA Foundation was created and funded by The Risk Management Association, a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk management principles in the financial services industry. To date, the Association has contributed $6 million to the scholarship program.   

The Foundation was launched at a time of growing concern about a financial services talent gap, as the industry is faced with baby boomer retirements and competition for graduates from tech and other sectors. In addition to applying for the scholarship, college students are encouraged to take advantage of the benefits of a free RMA student membership.  These benefits have been expanded to include mentoring opportunities, an online subscription to The RMA Journal, access to the RMA Xchange online member community, and invitations to attend RMA chapter meetings and workshops. Students are also able to earn a Credit Essentials Certificate that demonstrates proficiency in business and financial knowledge and helps certificate holders stand out to employers.

By guiding some of the best and brightest into financial services, RMA hopes to ensure the vitality of the industry now and into the future.

For eligibility requirements and more information on The Risk Management Association Foundation Scholarship Program, please visit www.rmahq.org/scholarship.

About RMA  

Founded in 1914, The Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk management principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has 2,500 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the association by more than 18,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific.

Media Contacts
Stephen Krasowski, skrasowski@rmahq.org, 215-446-4095 
Frank Devlin, fdevlin@rmahq.org, 215-446-4137