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Business Scholarships in Jamaica

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How can Jamaican students apply for scholarships abroad? | image source: iqacademy.ac.zaBusiness Scholarships in Jamaica

By Venesha Johnson | Associate Writer

Business is one of the most popular fields pursued by high school  graduates. However, tertiary education can be quite expensive so for those interested in earning a degree in business applying for scholarships may be the way to go. These scholarships not only ease the financial burden of pursuing a business education but also serve as gateways to unlocking a world of opportunities in the corporate realm. Let's delve into the available business scholarships in Jamaica, exploring the diverse offerings that empower aspiring business leaders.

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1. Jamaica Values and Attitudes (JAMVAT) Scholarship Scheme:

The Jamaica Values and Attitudes (JAMVAT) Program assists tertiary students who have been accepted but are struggling to afford their tuition. Students who have access to this program have the opportunity to add 200 hours of volunteer work to the nation's social capital. Upon successful completion of the JAMVAT program, each student will earn 30% of their tuition, up to a maximum of $350,000.

2. The GraceKennedy/Rafael Diaz Scholarship for Business

For those aspiring to make a mark in the business world, the Grace Kennedy Foundation offers scholarships to students pursuing studies in various fields, including business administration, finance, marketing, and entrepreneurship. The scholarship covers more than just financial support. It also includes mentorship and internship opportunities within the Grace Kennedy Group.

3. KPMG Scholarship in Accounting

The annual award amount is $295,000.00, with a maximum tenure of two (2) years. This opportunity is open to Jamaican Nationals who meet the following criteria: those entering level II of the B.Sc. degree program and pursuing a major in Management Studies (Accounting). Selection for the award is based on high academic achievement and demonstrable financial need. Shortlisted candidates undergo an interview conducted by a panel consisting of personnel from the University and KPMG. It is a condition that the recipient commits to serving in Jamaica for two (2) years following their graduation.

4. The Sagicor Foundation Scholarship

Students seeking their first degree at only a few Jamaican universities and colleges are eligible for scholarships. Students in any year of their academic journey are welcome to apply. Up to $300,000 in scholarships are granted, immediately payable to the university to cover tuition costs.

5. Private Sector Organizations

Various private companies and organizations in Jamaica also offer business scholarships to support the education and growth of future business leaders. These scholarships often come with the opportunity for mentorship, internships, and even potential employment upon graduation.

6. University-Specific Scholarships

Jamaican universities and institutions, such as the University of the West Indies (UWI) and the University of Technology, Jamaica (UTech), offer a wide array of scholarships tailored to business students. These scholarships recognize academic excellence, leadership potential, and contributions to the community.

Applying for Business Scholarships: Tips and Considerations

1. Research Extensively: Thoroughly research the available scholarships, their eligibility criteria, and application deadlines. Make a list of scholarships that align with your academic goals and aspirations.

2. Gather Strong Recommendations: Most scholarship applications require letters of recommendation. Cultivate relationships with teachers, mentors, or employers who can speak to your academic achievements, character, and potential.

3. Craft Compelling Essays: Many scholarship applications include essay components. Use this opportunity to showcase your passion for business, your achievements, and your future goals. Be genuine and persuasive in articulating why you deserve the scholarship.

4. Highlight Extracurricular Activities: In addition to academic achievements, emphasize your involvement in extracurricular activities, leadership roles, community service, and any entrepreneurial initiatives.

5. Proofread and Prepare: Pay close attention to application details and ensure that all required documents are complete and error-free. Submit your application well before the deadline to avoid last-minute rush.

6. Personalize Each Application: Tailor your application to the specific scholarship and its values. Show that you have taken the time to understand what the scholarship stands for and how you align with its mission.

Business scholarships in Jamaica offer a pathway to educational excellence and professional success. They provide students with the means to pursue their passion for business and contribute to the country's economic growth. By seizing these opportunities, aspiring business leaders can embark on a journey that transforms their lives and positions them as catalysts for positive change in the business landscape of Jamaica.

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References & Sources For Business Scholarships in Jamaica

  1. Scholarship by Subject Area โ€” UTech, Ja. (n.d.). https://www.utech.edu.jm/admissions/dsf/financial-aid/scholarships/scholarship-by-subject-area#bus-ad
  2. Sagicor Foundation Scholarship Programme. (n.d.). Sagicor. https://www.sagicor.com/en-JM/Sagicor-Foundation/Sagicor-Foundation-Scholarship-Programme
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