ICMA opens its scholarship programme for 2023


9 November The International Capital Market Association (ICMA) is offering 35 scholarships in 2023 to individuals from selected countries in Sub-Saharan Africa, Asia Pacific and Latin America who are unable to pursue a financial qualification due to their economic circumstances as part of ICMA's mission to raise standards and support inclusion in financial markets.

The scholarships will be available to young people who are interested in finance as a career from the following countries:

Sub-Saharan Africa: Ethiopia, Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, Uganda, Zambia and Zimbabwe

Asia Pacific: Cambodia*, India, Malaysia, Mongolia, Philippines, Indonesia, Thailand and Vietnam.

Latin America: Brazil*, Chile*, Colombia*, Costa Rica*, Dominican Republic*, Ecuador*, Mexico*, Paraguay*, Peru* and Uruguay*

*New for 2023

The scholarship provides an opportunity to study for one of the ICMA Diplomas, namely:

  • ICMA Diploma in Debt Capital Markets
  • ICMA Diploma Securities & Derivatives
  • ICMA Diploma in Financial Market Operations

Each diploma pathway includes taking the prescribed foundation and advanced level courses along with two specialist courses. This education programme is delivered in partnership with the ICMA Centre, Henley Business School, University of Reading.

These diplomas are internationally recognised qualifications taught by experienced market professionals which can kick-start a career in financial markets. Since launching the programme in 2021, 60 individuals from 17 countries have been awarded the scholarship.

All the courses which make up the diplomas can be studied online over 12 months as a mix of self-study and virtual classroom programmes, and they include online exams. The ICMA scholarship will fully cover the course and examination fees for the relevant Diploma.

What you need

A good level of education (but not necessarily a university degree), interest in financial markets and proficiency in English are necessary application criteria. Candidates may be in full-time education, working in finance already or looking to move into it.

How to apply

For information on the eligibility criteria, how to apply and the selection process, please view the ICMA Scholarship Programme page on our website.

The deadline for submissions for the 2022 intake is 15 January 2023.We would like to encourage ICMA members and academic institutions to share this information with students who may wish to apply.Contact: scholarships@icmagroup.org

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