The Dan Calugar Finance Scholarship
Frequently Asked Questions
What is the purpose of the Finance Scholarship?
The Scholarship program awards a $10,000 scholarship for the Fall term and a $10,000 scholarship for the Spring term for college or university tuition to a student who has high academic credentials and who desires to seek a degree in finance or in a field such as computer science or mathematics that is consistent with pursuing an investment career. 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 for the Fall term will normally be made in August and for the Spring term will normally be made in December.
Must I be currently enrolled in a degree program?
Yes. To be eligible for the Scholarship you must be accepted for enrollment in a college or university, 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 college registration and your current GPA for your college work to date, or if you will be a college freshman provide proof of your GPA for 10th grade through high school graduation. 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 an investment career, so any work experience you have that demonstrates that interest should be described I your essay and will be considered.
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.
The application window is now closed.