The Numerix Women in Finance Scholarship is an annual award created to back talented women building careers in the capital markets. Funded by Numerix (listed in the source as FINCAD), it offers US$20,000 to a woman pursuing postgraduate study in finance — and because it can be used at any accredited university in any country, it is genuinely open to African women whether you study at home or abroad.
The award is aimed at women focusing on areas such as financial asset management, market risk management, fixed-income, and derivatives finance. If you are early in your finance career and enrolled in a Master’s or PhD program, this is a rare chance to ease the cost of study while joining a network that recognises women in a male-dominated field.
For African applicants, the lack of a citizenship restriction is a major plus: eligibility is based on your enrolment and experience level, not your passport. Note that, per the source, applications are currently closed — bookmark the official page and watch for the cycle to reopen ahead of the 6 May 2026 deadline.
Scholarship benefits
- A total award of US$20,000.
- 50% paid directly to the winner.
- The remaining 50% paid to the educational institution to help cover tuition.
Eligibility checklist
- ✔ Be a female citizen of any country.
- ✔ Be enrolled and attending a Master’s or PhD Finance program on a full-time basis at an accredited university.
- ✔ Have commenced your postgraduate Finance studies no earlier than 1 January 2026 or no later than 1 February 2027.
- ✔ Have less than 10 years of total work experience.
- ✔ Have less than 5 years of professional experience in the financial field.
Application tips for African students
- Confirm your accreditation status: make sure your university and Finance program are formally accredited, since this is a stated requirement — keep documentation ready.
- Match your story to the focus areas: the award favours women aiming at asset management, market risk, fixed-income, and derivatives. Frame your goals around these in any essay or statement.
- Get transcripts and enrolment proof early: request official, certified copies (and certified English translations if needed) from your registrar, as these can take weeks to process in many African institutions.
- Line up strong recommenders ahead of time: approach a lecturer or finance professional who can speak to your potential, and give them plenty of notice.
- Verify your start-date eligibility: double-check that your program start falls within the required window (no earlier than 1 January 2026, no later than 1 February 2027) before you invest time in applying.
- Note the time zone: the deadline closes at 11:59pm ET — convert this to your local African time so you don’t miss the cutoff.
- Check the official page for the exact process: applications are currently closed, so confirm requirements and submission steps the moment the cycle reopens.
How to apply
Applications were closed at the time of this listing, so the precise submission steps are not detailed in the source. The deadline is 6 May 2026 at 11:59pm ET. To get the full instructions and apply once the cycle opens, visit the official scholarship page: https://www.numerix.com/women-in-finance-scholarship.
Frequently asked questions
Who can apply for the Numerix Women in Finance Scholarship?
Female citizens of any country who are enrolled full-time in a Master’s or PhD Finance program at an accredited university, with less than 10 years of total work experience and less than 5 years of professional experience in finance.
How much is the award worth?
It is US$20,000 in total. Half (50%) is paid directly to the winner, and the other half is paid to the educational institution to help with tuition.
Can African students apply?
Yes. The scholarship welcomes female citizens of all countries and can be used at any accredited university in any country, so African women are eligible.
What fields of study are supported?
Master’s or PhD programs in finance, particularly for women pursuing careers in financial asset management, market risk management, fixed-income, and derivatives finance within the capital markets.
When is the deadline?
The deadline is 6 May 2026 at 11:59pm ET. The scholarship runs annually, and applications were closed at the time of this listing — check the official page for reopening.