The Dan Calugar Finance Scholarship
Frequently Asked Questions
What is the purpose of the Finance Scholarship?
To provide a $10,000 tuition scholarship for the Fall term 2021 at a college or university to a student who has high academic credentials and who desires to pursue an investment career, particularly one involving algorithmic securities trading. If you are awarded the Scholarship, we will forward a check for $10,000 to your college or university registrar with instructions to apply the amount to your future tuition. Selection will be made in early August 2021.
Must I be currently enrolled in a degree program?
Yes. To be eligible for the Scholarship for the Fall term 2021, you must be either a junior or a senior for the Fall term, or a post-graduate student, and you must be either a finance major or in a degree program (such as computer science or mathematics) that is consistent with a career in finance or investment analysis. You must be willing to provide proof of your current GPA. Excellence in your current study program will be a factor in selection.
Must I have investment trading experience?
We are looking to benefit a student who has demonstrated an interest in algorithmic trading and who has spent time developing algorithmic trading models, either for his/her own use or for use by third parties. A successful record of actual algorithmic trading would be viewed favorably.
What should I cover in my essay?
Please describe the experience you have had developing and trading algorithms for systematic trading of stocks, bonds, options, and/or futures. If you have published work on the topic of algorithmic trading please describe that body of work in your essay. Most importantly, please describe the “edge” that your most successful algorithmic strategy exploits, and why that edge should be persistent. Given the thousands of traders that execute algorithmic programs, some traders will be phenomenally successful for periods of time by mere chance alone, but a strategy with a clear “edge” may have staying power. Because we have received a large number of responses for prior Scholarship awards, we ask that you please limit your response to 2000 words, however, if you are selected, we may request that you provide additional detail to verify the work you have done related to algorithmic trading.
Are there any additional details I need to include with my essay?
Please list: (a) the best e-mail address to contact you at, (b) the name of your college or university, (c) the degree program in which you are enrolled, and (d) your current GPA since freshman year on a 4.0 scale. If you are selected for the scholarship, we may ask you to authorize your college or university to forward to us your academic transcript so we can verify your GPA.
Your essay is submitted directly in your application. Using the text box of the last question, type (or paste in) your ~2000-word answer. The scholarship application link can be found here.