ICMA scholarship programme 2022 - deadline for applications: 15 January 2022

This scholarship programme is open  to young people  who are interested in a career in finance, between 19 to 30, from the following countries in Sub-Saharan Africa: Ethiopia Ghana, Kenya, Uganda, Zambia, Rwanda, Tanzania, Zimbabwe, Nigeria and South Africa.

  ICMA scholarship programme 2022

As part of ICMA's mission to raise standards and support inclusion in financial markets, ICMA is offering scholarships for 2022 to individuals from a number of countries in Sub-Saharan Africa and Asia-Pacific who are unable to pursue a financial qualification due to their economic circumstances.

Thirty-five (35) scholarships will be available to young people who are interested in a career in finance from the following countries in Sub-Saharan Africa: Ethiopia, Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, Uganda, Zambia and Zimbabwe; and the following countries in Asia Pacific: India, Malaysia, Mongolia, Philippines, Indonesia, Thailand and Vietnam.

ICMA has been active in the aforementioned countries through its efforts to develop the local repo markets alongside capacity-building in partnership with a number of development institutions such as Frontclear in Africa and the Asian Development Bank in Asia.

The scholarships provide 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 and/or ICMA workshops. This executive 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.

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.
Candidates must be between 19 and 30 years old at time of application and may be in full-time education, working in finance already or looking to move into it.

A good level of education (but not necessarily a University degree), interest in financial markets and proficiency in English are necessary application criteria. 

How to apply

The deadline for submissions for the 2022 intake is 15 January 2022.

Eligibility criteria:

  • Open to citizens of the following countries:
  • Sub-Saharan Africa: Ethiopia, Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, Uganda, Zambia and Zimbabwe.
  • Asia Pacific: India, Indonesia, Malaysia, Mongolia, Philippines, Thailand and Vietnam.
  • Candidates must be between 19 and 30 years old at time of application;
  • Good level of education (not necessarily a University degree).

  To start the process potential students must submit all of the following:

  • a 500-word statement explaining their background, career plans, and why they should qualify for a scholarship;
  • a Curriculum Vitae including your nationality and country of residence, full contact details;
  • academic records and evidence of educational attainment;
  • two reference letters including contact details of the persons providing them.

  Details of the eligibility criteria as well as the steps to apply are detailed on our website: ICMA Scholarship Programme (icmagroup.org) I have also attached the details below.
Please feel free to contact allan.malvar@icmagroup.org or scholarships@icmagroup.org for any questions.

ICMA will be unable to consider applications that do not provide all of the four requirements listed above.

Please take time to carefully read the eligibility criteria and required documentation before submitting your application. Kindly ensure that you send all requested documents in a single email, otherwise your submission will be rejected.
Due to the high volume of applications, we will not be able to reply to or consider any submissions which are incomplete.
Applications must be submitted to scholarships@icmagroup.org
The deadline for submissions for the 2022 intake is 15 January 2022.
About the selection process:
Candidates must meet the eligibility criteria;
A panel of ICMA staff will shortlist and make the final selection;
Selection is based on a number of factors, including academic merit, evidence of interest in financial markets, financial need, among others.
Scholarship outcomes:
Scholarship selection will take place in the last two weeks of January 2022 and shortlisted candidates may be called in for a further interview (to be conducted virtually);
Announcements of successful recipients will be made by mid-February 2022. If you have not heard from us by this date, then please assume that you have not been selected. We will be unable to contact unsuccessful applicants individually or provide feedback.
Successful recipients must complete the programme within 12 months of commencing their first course.
In addition, candidates must pass the exams for the foundation and advanced courses in order to move forward with the programme, failure to do so will invalidate the scholarship. ICMA will only cover exam fees once for each level.

Contact: scholarships@icmagroup.org
International Capital Market Association (ICMA)
ICMA promotes well-functioning cross-border capital markets, which are essential to fund sustainable economic growth. It is a not-for-profit membership association with offices in Zurich, London, Paris, Brussels and Hong Kong, serving more than 615 member firms in 65 jurisdictions. Among its members are private and official sector issuers, banks, broker-dealers, asset managers, pension funds, insurance companies, market infrastructure providers, central banks and law firms. It provides industry-driven standards and recommendations, prioritising four core fixed income market areas: primary, secondary, repo and collateral and sustainable finance. ICMA works with regulatory and governmental authorities, helping to ensure that financial regulation supports stable and efficient capital markets.