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With accounting jobs rising, students pursuing an accounting degree will have many chances in the work force. Accounting is in every industry and with this area of study there are various career options available, but with the cost of higher education on the rise, students feel a burden paying for college. This does not mean that the students have no options at all. There’s plenty of student scholarships out there to pursue. Students who are studying accounting are given a variety of scholarships. Each scholarship has its own criteria, and students must decipher the scholarships to which they qualify. We have narrowed down 5 accounting scholarships students can apply for depending on the criteria.
But first, let’s learn several reasons why you have to consider earning a degree in accounting if you’re interested in the field of career regarding accounting and finance.
Benefits of Learning Accounting
Accounting is at the spine of business in many ways. Its role is to track the finances of a company in their many forms, ranging from credits, debits and profit margins to wage bill and tax filing. It is a field propelled by analytics and analytical interpretations and the information derived from such functions provides an enterprise with a record of its financial health and stability. Financial reports generated from this information can drive both short- and long-term strategies for a company.
Generally speaking, the type of jobs a person with an accounting degree can hold depends on the type of degree they are earning. While entry-level accounting positions can be obtained with a bachelor’s degree, most employers prefer hiring people with advanced degrees to higher-level positions such as accountants and controllers.
Choosing to work for an accounting firm may find more independence. Those who work in this capacity form part of an organization hired to prepare, maintain and audit the financial records and statements of clients. They may also assist companies and individuals in preparing personal tax returns. This diverse portfolio can enable an accountant to interact with a wide array of industries that could make the job more interesting.
Additionally, accountants may seek employment at federal, state , or local government agencies. Job responsibilities vary by level of government.
Accountants can adopt a more entrepreneurial approach to their careers by opening up their own companies. Some upstart accounting firms stand out from established competitors by developing new types of services beyond more conventional work such as audits, compliance, payroll and taxes. Entrepreneurial accountants can also create alternative fee structures, market to different types of clients, and take in their business models more strategic risks.
Accounting Scholarships for International Students
Here are some quality accounting scholarships for which any qualifying student should apply to help you pay for school.
1. University of Bristol Global Accounting and Finance Postgraduate Scholarship
The Department of Accounting and Finance is offering eight scholarships worth £5,000 each to eligible international students studying for a postgraduate qualification in Accounting and Finance. You can apply for a University of Bristol Global Accounting and Finance Scholarship if you are classed as an overseas student for fee purposes. The awards can only be used as fee waivers towards the cost of tuition fees. The qualifying programs are:
- MSc Accounting and Finance
- MSc Accounting, Finance and Management
- MSc Banking, Regulation and Financial Stability
- MSc Finance and Investment
2. Leeds University Business School Masters in Accounting and Finance Scholarship in partnership with Chulalongkorn University, Bangkok
All students from Chulalongkorn University with an offer to study will automatically be considered for these accounting scholarships against set criteria. There is no additional scholarship application process.
Scholarships will be awarded to students from Chulalongkorn University who have received an offer to study any of the following Masters programs:
- MSc Accounting and Finance
- MSc Actuarial Finance
- MSc Banking and International Finance
- MSc Finance and Investment
- MSc Financial Mathematics
- MSc Financial Risk Management
As well as meeting the conditions for your offer, you will need to demonstrate the following:
- Evidence of achievement explained in your personal statement (for example prizes or awards received, where you were placed in your class)
- Outstanding academic credentials i.e. likely to be in the top 20% of your class
- Strong academic reference(s)
- That you bring diversity of background to the class
3. Leeds University Business School Masters in Accounting and Finance Scholarship in partnership with Taras Shevchenko National University of Kyiv
All students from Taras Shevchenko National University of Kyiv with an offer to study will automatically be considered for a scholarship against set criteria. There is no additional scholarship application process.
This scholarship is open to all students from Taras Shevchenko National University of Kyiv who have received an offer to study any of the following Masters programs:
- MSc Accounting and Finance
- MSc Actuarial Finance
- MSc Banking and International Finance
- MSc Finance and Investment
- MSc Financial Mathematics
- MSc Financial Risk Management
4. University of Oregon Accounting Scholarships
The University of Oregon’s School of Accounting is currently awarding hundreds of thousands of dollars in scholarships to accounting students every year. Scholarship awards typically range between $1,000 and $10,000, depending upon available funding. International students who wish to apply to the scholarship should submit the International Student Resources Form to the International Affairs office right away to allow plenty of time for processing.
5. University of Oulu International Scholarships
The University of Oulu International Scholarship Scheme provides scholarships to academically talented international students studying for a Master’s degree in the University of Oulu two-year International Master’s programs. The scholarships will be granted in the form of a tuition fee waiver covering 50% or 75% of the full tuition fee. Applicants can apply for the tuition scholarship as part of the admissions process.
University of Oulu offers 50% Tuition Fee Scholarship for Oulu Business School Programs. It covers 50% of the tuition fee in a 2-year Master’s Program in Oulu Business School International Master’s Programs. The scholarship is granted for students who are liable to pay tuition fees and who are admitted in one of the following Oulu Business School International Master’s Programs:
- Economics
- Finance
- Financial and Management Accounting
- International Business Management
- Marketing
