20 Super Scholarships for Economics Majors

  • Last Updated

Scholarships for economics majors can significantly lower the tuition costs for studying market trends about the distribution of goods and services.

Many organizations have reserved money to support college students interested in analyzing monetary matters. Picking an economics major leads to various job options. Knowledge of economic and statistical models used in business is marketable. Economics graduates are hired as:

  • data analysts
  • market researchers
  • financial managers
  • actuaries
  • pricing analysts
  • stockbrokers, and more

Those who earn a master’s or PhD can become economists in:

  • the private sector
  • government
  • nonprofit sector.

The Bureau of Labor Statistics projects that jobs for economists will grow by 6 percent through 2024. Research these 20 great scholarships to promote your versatile education in economics.

Reviewing the Top Scholarships for Economics Majors

1. AIET Undergraduate Scholarships

Deadline: April 15th

Each year, the Appraisal Institute Education Trust (AIET) awards $1,000 scholarships to full-time or part-time undergraduate students. They must exhibit academic excellence in studying:

  • real estate
  • appraisal
  • economics
  • land economics
  • allied majors

Qualified candidates must:

  • have completed at least 24 college credits
  • attend an accredited U.S. college
  • maintain a minimum 3.0 GPA
  • be pursuing an associate or bachelor’s degree
  • display potential for contributing to the real estate industry.
Contact

AIET Undergraduate Scholarships
200 West Madison Avenue
Chicago, IL 60606
(312) 335-4133
educationtrust@appraisalinstitute.org
Scholarship Link

2. Betty Rendel Scholarship Fund

Deadline: June 1st

The Betty Rendel Scholarship Fund was created by the National Federation of Republican Women. It provides three $1,000 scholarships for economics degrees as well as political science and government majors. Eligible female students must:

  • be U.S. citizens
  • have attained junior or senior standing
  • attend an accredited institution for a bachelor’s degree
  • exhibit academic merit

Applications must be sent to State Federation Presidents. They must include three letters of recommendation and one-page typed essays.

Contact

Betty Rendel Scholarship Fund
124 North Alfred Street
Alexandria, VA 22314
(703) 548-9688
mail@nfrw.org
Scholarship Link

3. David M. Rubenstein Scholarship

Deadline: April 29th

The Economic Club of Washington, DC sponsors the David M. Rubenstein Scholarship Program. It gifts nearly 50 annual scholarships of $10,000 each. These are for seniors graduating from the District of Columbia’s participating public and private high schools. Eligible applicants must:

  • be accepted into accredited, degree-granting colleges
  • have U.S. citizenship or lawful residency
  • showcase academic achievement

Though not required, preference is given to majors in:

  • economics
  • finance
  • accounting
  • business.
Contact

David M. Rubenstein Scholarship
1156 15th Street NW Suite 601
Washington, DC 20005
(202) 481-3260
scholarship@economicclub.org
Scholarship Link

4. Ed Johnson Memorial Scholarship

Deadline: February 1st

Among the National FFA Foundation’s 1,800+ scholarships is the Ed Johnson Memorial Scholarship. It grants $1,000 to Ohio residents who are pursuing four-year bachelor’s degrees in:

  • business
  • economics
  • finance
  • marketing
  • sales

Qualified applicants must:

  • have chosen The Ohio State University
  • carry a minimum cumulative GPA of 3.0
  • exhibit strong leadership ability
  • participate in community service
  • have career goals in agriculture

Other scholarships for economics degrees include the DuPont Pioneer Award and CSX Scholarship.

Contact

Ed Johnson Memorial Scholarship
6060 FFA Drive
Indianapolis, IN 46268
(317) 802-4419
scholarships@ffa.org
Scholarship Link

5. HAND Research Foundation Scholarship

Deadline: April 1st

The HAND Research Foundation Scholarship is valued at $30,000 per year. It’s presented to Persian-speaking doctoral candidates who are pursuing a PhD in Economics. They must be devoting their dissertation research to advancing Iran’s economy. Eligible students must be admitted full-time to participating U.S. universities including:

  • Harvard
  • Stanford
  • Northwestern
  • Columbia
  • UC Berkeley

Scholarship selection is based upon:

  • academic merit
  • research competence
  • financial need
  • letters of recommendation.
Contact

HAND Research Foundation Scholarship
855 El Camino Real Suite 250
Palo Alto, CA 94301
scholarships@thehandfoundation.org
Scholarship Link

6. Hsiao Memorial Economics Scholarship

Deadline: February 19th

The Hsiao Memorial Economics Scholarship honors a beloved economics professor at Indiana State University.  It’s sponsored by the Asian Pacific Fund. It’s for graduate students of at least 50 percent Asian heritage, preferably Chinese. For the $1,000 non-renewable award, candidates must:

  • attend an accredited American college
  • major in economics
  • maintain a 3.0 GPA or better
  • demonstrate financial need
  • be pursuing a career in academia
  • conduct research that benefits the Asian community.
Contact

Hsiao Memorial Economics Scholarship
465 California Street Suite 809
San Francisco, CA 94104
(415) 395-9985
info@asianpacificfund.org
Scholarship Link

7. Irene M. Meyer Memorial Scholarship

Deadline: May 1st

The Phi Chi Theta Fraternity’s Irene M. Meyer Memorial Scholarship honors an active Central District Director with 40+ years of service. It presents $1,000 each year to national members in good standing. Applicants must be attending U.S. colleges full-time as at least sophomores for a bachelor’s or graduate degree in business or economics. Application requirements include:

  • an official transcript
  • course schedule
  • resume
  • personal essay
  • two recommendation letters.
Contact

Irene M. Meyer Memorial Scholarship
633 Clark Street
Evanston, IL 60208
(847) 491-3741
PCTEdScholarship@aol.com
Scholarship Link

8. James C. Hickman Scholar Award

Deadline: February 15th

The Society of Actuaries (SOA) distributes the James C. Hickman Scholar Award. It’s for $20,000 annually to full-time graduate students entering a doctoral program for:

  • actuarial science
  • economics
  • risk management
  • financial economics
  • or related fields

Qualified applicants must:

  • attend an accredited U.S. or Canadian institution
  • hold SOA associateship
  • have passed at least two actuarial exams
  • intend to pursue teaching or research careers in academia.
Contact

James C. Hickman Scholar Award
475 North Martingale Road Suite 600
Schaumburg, IL 60173
(847) 706-3509
ttatsumi@soa.org
Scholarship Link

9. Japan-IMF Scholarship Program

Deadline: January 31st

The Japan-IMF Scholarship Program is administered by the Institute of International Education. It provides up to seven full-tuition awards to Japanese citizens who are pursuing PhD degrees in:

  • macroeconomics
  • finance
  • international economics
  • econometrics
  • related majors abroad, including the United States

Eligible fellows must:

  • be under 34 years old
  • be starting their first or second year of PhD study
  • be committed to becoming an economist

Recipients also earn a 10-week paid internship with the International Monetary Fund.

Contact

Japan-IMF Scholarship Program
700 19th Street NW
Washington, DC 20431
(202) 623-6660
japanimfscholarship@iie.org
Scholarship Link

10. Joseph K. Heyman Scholarship

Deadline: October 31st

The Joseph K. Heyman Scholarship awards $1,000 annually from the Atlanta Economics Club. It honors  the AEC’s first president. To apply, undergraduate or graduate students must show outstanding achievement in studying economics at any Atlanta Metro university including:

  • Emory
  • Georgia State
  • Oglethorpe
  • Morehouse
  • Georgia Tech

Eligible entrants must submit:

  • a resume
  • one faculty letter of recommendation
  • a typed, one-page essay describing their career aspirations in economics.
Contact

Joseph K. Heyman Scholarship
1601 Maple Street
Carrollton, GA 30118
(404) 498-8933
info@atlantaeconomicsclub.org
Scholarship Link

11. Lazarian Graduate Scholarship

Deadline: April 1st

The Armenian Relief Society awards one Lazarian Graduate Scholarship each year for $1,000. It’s for  master’s or doctoral students of Armenian descent. They must be pursuing degrees in:

  • public service
  • economics
  • business
  • political science
  • history
  • international relations
  • or similar fields

Eligibility criteria requires:

  • having unmet financial need
  • already holding a bachelor’s degree
  • attending an accredited U.S. university
  • being involved in the Armenian community.
Contact

Lazarian Graduate Scholarship
80 Bigelow Avenue Suite 200
Watertown, MA 02472
(617) 926-3801
arseastus@gmail.com
Scholarship Link

12. Mas Family Scholarship Award

Deadline: January 19th

The Mas Family Scholarship Award was started by the Jorge Mas Canosa Freedom Foundation. It grants $32,000 over four years to high school seniors or college freshmen of Cuban descent. They must be studying:

  • business
  • economics
  • communications
  • journalism
  • international relations

Qualifying for one of the most profitable scholarships for economics degrees requires:

  • achieving a minimum 3.5 GPA
  • having significant financial need
  • being a leader
  • showing potential for advancing a free society.
Contact

Mas Family Scholarship Award
P.O. Box 14-1898
Coral Gables, FL 33114
(305) 507-7323
dlafuente@canf.org
Scholarship Link

13. Mid-Atlantic STA Foundation Scholarship

Deadline: April 30th

The Mid-Atlantic Security Traders Association Foundation annually provides one $2,500 scholarship in Maryland, Washington DC, and Virginia. It’s for undergraduates who are pursuing business administration majors in finance or economics. Eligible sophomores and juniors must:

  • be U.S. citizens
  • attend an accredited nonprofit college
  • be actively involved in extra-curricular activities
  • maintain good academic standing
  • write a 500-word essay discussing how the securities market impacts daily living.
Contact

Mid-Atlantic STA Foundation Scholarship
1900 Glenroths Drive
Abington, MD 21009
(410) 345-2156
missy_heathcote@troweprice.com
Scholarship Link

14. Mike Molino RV Learning Center Scholarship

Deadline: June 30th

The National RV Dealers Association offers the $2,500 Mike Molino RV Learning Center Scholarship annually. It’s for sophomores, juniors, and seniors who are working towards a bachelor’s degree in:

  • business
  • finance
  • economics
  • accounting

Judges look for applicants who:

  • carry a minimum 2.8 GPA
  • have scored at least 1575 on the SAT
  • attend an accredited four-year college
  • demonstrate financial need
  • communicate career goals in the RV business.
Contact

Mike Molino RV Learning Center Scholarship
3930 University Drive
Fairfax, VA 22030
(703) 359-0152
info@rvda.org
Scholarship Link

15. NCITD International Trade Scholarships

Deadline: May 31st

The National Council on International Trade Development scholarships are at least $1,000. They’re granted to junior, senior, and graduate students who are building careers in international trade at accredited four-year U.S. universities. Acceptable majors include:

  • political science
  • economics
  • international business
  • finance
  • global relations

Qualified recipients should:

  • be NCITD members
  • possess a cumulative B average or better
  • submit one sponsoring letter of recommendation.
Contact

NCITD International Trade Scholarships
1901 Pennsylvania Avenue NW
Washington, DC 20006
(202) 872-9280
mckenzie@ncitd.org
Scholarship Link

16. Paul S. Mills Scholarship Program

Deadline: March 30th

The Paul S. Mills Scholarship Program is hosted annually by the Foundation for Financial Service Professionals. It provides three to six $1,000 scholarships for economics degrees as well as majors in:

  • finance
  • accounting
  • actuarial science
  • risk management

Eligible students must:

  • maintain full-time or part-time enrollment
  • have U.S. citizenship or permanent residency
  • have financial need for a bachelor’s degree
  • exhibit genuine interest in financial services.
Contact

Paul S. Mills Scholarship Program
3803 West Chester Pike
Newtown Square, PA 19073
(800) 927-2427 ext. 2536
arigney@societyoffsp.org
Scholarship Link

17. Roger Collins Leadership Scholarship

Deadline: June 15th

The Roger Collins Leadership Scholarship is funded by the National Grocers Association. It offers  $1,000 to $1,500 each year. It’s for juniors, seniors, and graduate students who are enrolled full-time in degree-granting programs for business administration, including economics. To qualify, applicants must:

  • attend a U.S. college
  • maintain a 2.5 GPA or higher
  • demonstrate leadership ability
  • have work experience in supermarkets
  • intend to join the food retailing industry post-graduation.
Contact

Roger Collins Leadership Scholarship
1005 North Glebe Road Suite 250
Arlington, VA 22201
(703) 516-0700
education@nationalgrocers.org
Scholarship Link

18. Sena Eken Schieber Economics Award

Deadline: March 14th

Women from Turkey should apply for the Sena Eken Schieber Economics Award from the Turkish Philanthropy Fund. They could receive up to $25,000 for earning a master’s or PhD degree in economics at an accredited United States graduate school. Eligible women must:

  • have completed an undergraduate degree in Turkey
  • plan to enroll full-time
  • have unmet financial need
  • successfully pass the TOEFL,
  • submit three references

Participating economics schools include:

  • Cornell
  • Duke
  • Georgetown
  • Harvard
  • Johns Hopkins.
Contact

Sena Eken Schieber Economics Award
216 East 45th Street
New York, NY 10017
(646) 530-8988
info@tpfund.org
Scholarship Link

19. The Kaplan Group Annual Scholarship

Deadline: July 17th

The Kaplan Group Annual Scholarship offers $1,000 to undergraduate or graduate students. They must be  attending accredited two- and four-year U.S. colleges to complete business-oriented majors.These include:

  • finance
  • economics
  • accounting
  • entrepreneurship

Selected recipients must:

  • be American citizens or legal residents
  • have a minimum 2.5 GPA
  • display excellent business leadership potential
  • complete a short survey
  • submit two, 600-word essay responses.
Contact

The Kaplan Group Annual Scholarship
2250 King Court Suite 50
San Luis Obispo, CA 93401
(805) 541-2639
scholarship@kaplancollectionagency.com
Scholarship Link

20. Xero Accounting Software Scholarships

Deadline: September 30th

The cloud-based software company Xero Accounting Software offers biannual scholarships. They  provide $5,000 to legal U.S. residents who are pursuing bachelor’s or master’s degrees in:

  • accounting
  • economics
  • finance

Qualified applicants must be enrolled full-time at an accredited business school in the United States with a cumulative above 3.0. Sixty percent of the selection decision is based upon students’ 500-700 essay describing the role of technology in their chosen financial industry.

Contact

Xero Accounting Software Scholarships
101 Green Street 5th Floor
San Francisco, CA 94111
submissions@xero.com
Scholarship Link

According to Kiplinger’s Personal Finance magazine, economics is the fourth most valuable college major. The Big Data Boom has created a lucrative market for economics students. These are where graduates can apply their analytical, mathematical, and critical thinking skills. On average, economics graduates snag a starting salary of $51,400. Mid-career salary potential is $97,700 for an excellent return on investment. However, you’ll first need to afford at least a bachelor’s degree. Cash in on these scholarships for economics majors to make your business goals more affordable.

GCD Staff

Related:

This concludes our coverage of top scholarships for economics majors.

Find Your Degree!