The job outlook for accountants is bright; the Bureau of Labor Statistics (BLS) reports that jobs will increase by 10% between 2016 and 2026. It is anticipated that a growing economy, globalization and a more complex tax and regulatory environment will continue to increase the demand for skilled accountants and auditors.
It also is clear that the cost of attending college for a bachelor’s or master’s degree is continuing to rise. To reduce the amount of money you have to spend on your degree, it is wise to look for scholarships that accounting students can qualify for. There are many accounting scholarships available today across the nation that can be used at many if not most accrediting accounting programs. Below are some of the best scholarship options to consider. Some of these scholarships are for any accounting program; those that are for accounting programs in certain geographic locations have been so noted.
1. AICPA Fellowships for Minority Doctoral Students
This degree program for doctorate in accounting students ensures that CPAs of a variety of backgrounds are able to attend colleges and universities across the country. The goal of this $12,000 scholarship is to boost the number of CPAs that are minorities who can serve as mentors and role models to young accounting students. This award is given each year to a full time, minority accounting scholar who shows promised to become an educator in accounting.
Below are the qualifications:
- Have already applied to an accounting doctoral program and is waiting for acceptance, or has already been accepted or matriculated into such a doctoral program.
- Has earned a master’s degree and/or has already finished three years of full time work experience in the field of accounting.
- Is a minority student who is either black, African American, Hispanic, or Native American.
- Is attending school full time and will stay enrolled full time until doctoral degree is completed
- Is a CPA or plans to become a CPA
- Can be used at any accredited doctoral program in the US
2. American Society of Women Accountants Scholarship
The American Society of Women Accountants Scholarship is offered to students in Southwest Missouri who are majoring in accounting at a two year or four year college. All applicants should have already completed at least financial accounting I when they apply for this $2000 scholarship. The scholarship also may be awarded to students who are getting a master’s or doctoral degree in accounting.
To qualify for this scholarship, you need to meet these standards:
- Complete the application on time
- Have your previous overall grades and accounting grades verified, which can be accomplished with an official transcript being submitted with your application
- A letter to the scholarship committee that addresses your accounting career objectives, why you are applying for the scholarship and why you think that you deserve it
3. Catching the Dream Scholarship Program
This scholarship is available to students who are studying business, mathematics, engineering, science, and other related fields where Native Americans are traditionally underrepresented. The goal of this scholarship of various amounts each year is to assist Native American high school students with strong potential from all parts of the US to be better prepared for a college career.
4. Frank L. Greathouse Government Accounting Scholarship
This $8000 scholarship is given to two graduate or undergraduate students each year who are enrolling in a full time program in finance or accounting and plan a career in state or local government. The winners of the annual scholarship are invited to an annual conference where the awards are officially presented. This scholarship is awarded and funded by the Government Finance Officers Association.
To be eligible, you must meet the following qualifications:
- Be a full time student in an undergraduate or graduate accounting or finance program and be preparing for a government career
- Undergraduate students must be in their junior year when the scholarship is awarded
- Should be recommended for the award by your academic advisor or by the director of the university’s accounting program
5. IASA Insurance Industry College Scholarship Program
The $5000 IASA scholarship offers students financial assistance who are interested in the accounting and insurance fields. College scholarships are given out each year for students who are sophomores or higher and who are enrolled in an insurance college program, or are planning to do so. The student’s course of study should include classes in accounting, insurance, finance, IT, risk management or actuarial science.
6. NSA Scholarship Foundation Awards
This Foundation awards $2200 scholarships each year for students who want to build their career in the accounting profession. This organization helps students who want to spend their career in the accounting field by helping them to afford their college degree. The Foundation has been designed to support educational activities and professional development to expand the number of students who are pursuing accounting as a career.
To qualify for this program, you must meet these qualifications:
- Be an undergraduate enrolled in a two or four year university with a focus on accounting.
- Have a 3.0 GPA at minimum
- Be a citizen of the US or Canada; permanent residents are ineligible
7. Thunderbird Scholarships
Thunderbird has a well-established history of offering the best business management education in the world. The high quality of this business management program is shown in the fact that more than 35,000 graduates are placed high in some of the best businesses in the world in 141 countries.
Thunderbird carefully considers for scholarships all who are highly qualified who seek admission to this graduate program in Arizona. All students should be studying business, accounting or finance.
This scholarship program is only for students who attend the Garvin School of International Management in Glendale, Arizona.
8. The Laurels Fund
This $5000 scholarship has been funded to provide scholarships to female students who are studying to earn a master’s or doctorate in accounting. The scholarship may be awarded to students who are Ph.D. candidates as well who have already completed their comprehensive examinations before the last semester.
To be considered for this scholarship, applicants will be reviewed according to their level of academic achievement in their coursework and research. Also, the type of service they have completed in the accounting or related fields will also be carefully considered. Students with financial need that has been demonstrated clearly get preference.
9. TACTYC Scholarships
Teachers of Accounting at Two Year Colleges or TACTYC provides several $1000 scholarships each year for two year college students who want to get a bachelor’s degree in accounting. To qualify for this scholarship that can be used at any four year college, you must have the following qualifications:
- Have finished at least 20 college semester hours; six of them have to be in accounting
- Have a 3.0 GPA
- Be attending a two year college and have plans to transfer to a bachelor of accounting program
- Have provided official transcripts
- Have made a strong commitment to an accounting career
- Prove a one or two page self description that includes your accounting career and professional goals
- Have a one or two page essay completed on the required case study detailed in the application
- Have the recommendation of an accounting faculty member
10. Surety & Fidelity Industry Intern-Scholarship Program for Minority Students
This is a $5000 scholarship for high quality minority students who are interested in a career in accounting, risk management, insurance or business and finance. All applicants must have a GPA of 3.0 at minimum. They also must have finished 30 semester hours and at least six hours in accounting or a related field.
- Accountants and Auditors. (2015, Dec. 18). Retrieved from https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm#tab-6