Companies want their employees to witness a position growth and help company in its growth. They want to hire applicants who have earned higher education and have ability to help in company’s growth.
Corporate scholarships are generally administered by company created foundations. These foundations generally give preference to employee’s children, children of deceased employees, high school children for further education or university students. Corporates understand the need of such higher education as they can get back a good workforce.
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By sponsoring scholarship programs, companies are able to encourage and develop the next generation of employees and executives who will lead their companies to greater successes. Different companies have different policies that need to be adhered and according to which scholarships are offered.
Below is the list of scholarships offered by large corporates for its students to complete higher studies:
This corporate scholarship supports more than 1,400 college students each year, with annual scholarships of $3.4 million. Some of the scholarships available are- THE COCA-COLA Scholars Program Scholarship, Community College Academic Team and few others.
This funding is designed for under-served students and need financial grant. This funding is offered to those high school students having participated in AVID program. The total funding offered is $20,000. To be eligible for this funding student should be graduated from high school academic year and earning minimum of 2.4 GPA. He/she must be US citizen.
Funded by Bill & Melinda Gates Foundation this program is designed to provide scholarship and complete learning opportunity for African American, Indian, Asian Pacific and Hispanic American. The main goal of this program is to promote excellent academic growth.
Wal-Mart one of the recognized retail chains in the world offers two different scholarships- Wal-Mart Associate Scholarship and Wal-Mart Dependant Scholarship offering the funding of about $3200 per academic year.
Kentury Fried Chicken (KFC) foundation offers scholarship for graduating high school seniors. The amount of $5,000 per year is being offered. Moreover, the selected recipient is also eligible to receive $20,000 fund. To get this funding, the student must be US resident.
Siemens offers scholarship for students, especially for children of employees working in the company. Each Siemens Merit Scholarship stipend is $4,000 ($1,000 per year). This stipend is distributed each year for up to four years of college undergraduate study or until baccalaureate degree requirements are completed. Siemens India every year gives scholarship for students learning in Indian colleges and schools.
This program was established in 2012 and awards scholarship upto $10,000 for student to graduating high school seniors, community-college students, and students already enrolled in an engineering or computer science. The company has partnered with Silicon Valley Community Foundation (SVCF), International Scholarship and Tuition Services (ISTS), and the United Negro College Fund (UNCF) to identify students fitting our applicant profile and process application.
Microsoft every year awards scholarship for students to encourage further studies in Computer Science and related STEM (Science, Technology, Engineering and Math) disciplines. With this scholarship, Microsoft enables students to participate in technical conferences like Grace Hopper, SHPE, NSBE, and others.
Joe Martin Scholarship from BOA is available for college or vocational schools to dependents of associates who have been employed by Bank of America for at least 1 year. Awards range from $1,000 to $5,000 for each year of full-time enrolment. Scholarship awards are based on academic achievement and leadership.
The PepsiCo Foundation offers Excel Awards to encourage and support post-secondary education for children of PepsiCo employees. Scholarship recipients are chosen on a competitive basis and without regard to family financial circumstances. The amount may vary depending on the scholarship offered.