Time Is Running Out to Apply for the RMA Banking Scholarship

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Oct 12, 2018, 10:04 ET

PHILADELPHIA, Oct. 12, 2018 /PRNewswire/ -- College students who are pursuing a career in the financial services industry have just over a week remaining to apply for an RMA Foundation Scholarship that can provide them with awards of $2,000 to $8,000 to help defray the cost of their tuition.

Applications that are completed after the deadline of 11:59 p.m. Sunday October 21 will not be accepted.

Schools are encouraged to inform students of the scholarship opportunity via their business programs, Web pages, individual instructors, and other channels through which scholarship information is normally distributed. They are also encouraged to remind students who have started applications that the process must be completed by the October 21 deadline.

The Risk Management Association, whose mission is to advance the use of sound risk management principles in the financial services industry, created the Foundation in 2014 to assist with attracting talent to the banking industry. The RMA Foundation has provided 226 awards—totaling over $500,000—to students like John Kofmehl.

"The RMA Scholarship I received last year greatly relieved much of the financial stress a college student often feels and allowed me to focus more on my studies," said Kofmehl, an Iowa State University senior who will graduate in May with degrees in finance and business management.

In addition to applying for scholarships, banking-focused students can take advantage of free RMA student memberships. Benefits have been expanded to include mentoring opportunities, an online subscription to The RMA Journal, access to the RMA Xchange online member community, and invitations to attend RMA chapter meetings and workshops. Students are also able to earn the Credit Essentials Certificate, which demonstrates proficiency in business and financial knowledge and helps certificate holders stand out to employers.

For eligibility requirements, application forms, and other information to share with their students about The RMA Foundation Scholarship, college faculty and administrators should visit www.rmahq.org/scholarship.

About RMA
Founded in 1914, The Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk management principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has 2,500 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by 18,000 individuals located throughout North America, Europe, Australia, and Asia/Pacific.

SOURCE The Risk Management Association