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IMA Scholarship Program for International Scholarship by The Association For Accountants and Financial Professionals In Business

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IMA Scholarship Program
2010-2011 Awards
IMA Memorial Education Fund Scholarships (MEF)
Stuart Cameron and Margaret McLeod Memorial Scholarship (SCMS)
Types of Awards:
MEF Scholarship
All IMA student members who have not previously received an IMA Scholarship in the classification
category to which he/she currently resides or from another IMA Scholarship Program (see
categories as defined below) are eligible to apply for the MEF sponsored scholarships. Student applications
are classified between undergraduate and graduate categories, and selected individuals will be awarded
scholarships ranging in amount from $1,000 to $2,500.
SCMS Scholarship
In addition, completion of this application will entitle all candidates to be considered to receive the
prestigious Stuart Cameron and Margaret McLeod Memorial Scholarship for the amount of $5,000. One
individual will be selected from the entire Scholarship Application pool to receive this award sponsored by
the Stuart Cameron McLeod Society. The SCMS Scholarship winner will also receive lodging,
transportation, and registration costs for the Annual Conference & Exposition (in June) and the Student
Leadership Conference (in November). After announcement of the winner, the recipient will be
required to participate in the parent chapter, at the council level, or the national level as a
prerequisite to receive the monetary award (see method of disbursement/post-acceptance
requirements).
Classification of Categories:
Undergraduate Student Category
An undergraduate student is defined as an individual who carries a minimum of 6 credited hours for both
terms of the current academic year (2010-2011) and who will be carrying 6 credited hours in the upcoming
academic year (2010-2011). He or she is required to hold the necessary credited hours that identify him/her
as an undergraduate both in the year that he/she applies for the award (2010-2011) and in the year that
he/she will be receiving the funding from IMA (2010-2011). To qualify for the SCMS Scholarship Award, the
student must carry 12 credited hours for the current academic year and 12 credited hours for the year in
which the award will be received.
Graduate Student Category
A student who is seeking to apply for an IMA scholarship under the graduate category must hold the
necessary credited hours that define him/her with senior status at an undergraduate level or is a current
graduate student who will be continuing in a graduate program. If the student is an undergraduate senior,
he or she is expecting to graduate prior to the commencement of the next academic year. The student is
required to maintain 6 credit hours for both semesters during the current year (2010-2011) and in the year
that he or she will receive funding from IMA. To qualify for the SCMS Scholarship Award, the student must
carry 12 credited hours for the current academic year and 12 credited hours for the year in which the award
will be received.
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IMA Scholarship Program 2010-2011 Awards (Continued)
Selection of Candidates:
All candidates will be considered equally with no bias to race, creed, or background and will be judged
independently on the basis of the applicant’s ability to meet the criteria as outlined in this document. If for
some reason a selected individual declines his/her award or becomes ineligible, an alternate candidate will
be selected to receive the award. Two alternates will be selected in each category in the event that this
circumstance takes place.
Deadline:
The DEADLINE for candidates to submit applications to IMA is February 15, 2011. Applications must be
postmarked on or before February 15, 2011. Any questions regarding this program can be directed to
Jodi Ryan at (800)638-4427, Ext. 1556 or jryan@imanet.org.
Eligibility Requirements:
 Full- and part-time (must carry at least 6 credits per semester) students are encouraged to apply.
Note: SCMS Scholarship requires that students must carry 12 credits per semester.
 Scholarships are awarded to students who are physically located in the U.S. and Puerto Rico,
studying at regionally accredited institutions.
 Applicant must be an IMA Student Member. Membership number must be included on the
application form.
 The applicant must state in their application letter which four or five-year Management Accounting,
Financial Management, or Information Technology related program he or she has declared to
pursue as a career. The applicant needs to have the expressed intent of pursuing a career in
management accounting, financial management, or information technology or have declared a
major parallel to one of the predefined fields of study listed above.
 A minimum cumulative GPA of 3.0 is required between all institutions attended throughout the
applicant’s undergraduate/graduate academic career.
Criteria For Selection:
IMA will base its decision for awarding scholarships on the following items:
1. Academic merit.
2. IMA participation.
3. Quality of applicant’s presentation (Failure to follow instructions will eliminate an application
from consideration.).
4. One-page resume reflecting community leadership, extracurricular activities (sports, clubs, and
volunteer participation), and work experience (related to chosen career or other, if applicable).
5. Two-page written statement expressing the following (Please use the following headings):
a. Applicant’s reasons for applying for the scholarship.
b. Applicant’s reasons that he/she deserves the award.
c. Specific contributions to the IMA.
d. Ideas on how he/she will promote awareness and increase membership and certification
within IMA.
6. Strength of recommendations. Acceptable references include current or past employer who can
ascertain the candidate’s abilities related to his/her chosen career (preferred), or current or past
professor(s) whose course(s) relates to the applicant’s declared major or a letter from an IMA
member who can comment on the student’s technical knowledge, leadership skills, and
participation within the IMA (member’s IMA number is required).
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IMA Scholarship Program 2010-2011 Awards (Continued)
Method of Disbursement/Post-Acceptance Requirements:
The MEF Scholarship winners will receive their awards in the fall of 2011. The payment is contingent upon
receipt of the following documentation:
 Scholarship winners must provide proof of registration and a copy of the recipient’s most recent
transcript for each payment period.
 Additionally, students will be requested to sit for at least one part of the CMA Exam before the
completion of the fall term 2011.
The SCMS Scholarship winner will receive $2,500 in two payments: one in the fall and one in the spring.
The winner in the initial year will also receive a trip to the “Student Leadership Conference” and the “Annual
Conference & Exposition.”
 Scholarship winners must provide proof of registration and a copy of the recipient’s most recent
transcript for each payment period.
 After being selected to receive the award, the scholarship winner is required to show proactive
involvement in the local IMA Parent Chapter (i.e., regular attendance at chapter meetings or
participation in Board meetings), Council (i.e., attendance at council meetings or Leadership
Training Seminar/Council Sponsored Educational Meetings), or on the level (i.e., service on a
global committee). A one-page typed statement describing the winner’s involvement or
contributions is required prior to each payment.
 Additionally, students will be requested to sit for at least one part of the CMA Exam before the
completion of the fall term 2011.
for more information;

http://www.imanet.org/ima_membership/scholarships_awards

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