Wellington HBCU Scholars Program

“At Wellington you will find the entrepreneurial spirit of a small firm and the resources of a large organization. The result? A positive environment where talented professionals can thrive and grow.”

 

What is the HBCU scholars program?

Historically Black Colleges and Universities (HBCUs) are known for being stellar institutions with long histories of academic excellence, intellectual rigor, cultural dexterity, societal impact, and for producing generations of influential leaders. As a global asset management firm, Wellington Management is committed to diversity, equity, and inclusion. We believe it is a major driver of our ability to deliver better investment results, innovative solutions, world class service for our clients and enable diverse communities to advance. Our shared goal alongside HBCUs will be to positively impact Black lives and communities by enabling access to education, empowering careers, fueling the economy and developing generations of successful Black investment and business professionals.

The Wellington HBCU Scholars Program consists of a merit-based scholarship award granted annually to students. Our scholarship awardees will have two internship opportunities following their sophomore and junior year.

The multi-pronged Wellington HBCU Scholars Program will consist of

  • Up to a $15,000 renewable annual merit-based scholarship which, will be applied to junior- and senior-year tuition
  • Two paid summer internships after the scholar’s sophomore and junior years commencing in July 2022
  • Opportunities to participate in campus events, student case competitions, peer mentoring, and sponsorship with a Wellington leader

The Wellington HBCU Scholars Program is open to full-time students who are sophomores and/or juniors majoring in business, economics, finance, accounting, technology, liberal arts, and STEM (science, technology, engineering, and mathematics) programs. Wellington HBCU scholars are also eligible for the firm’s student housing stipend of up to $5,000 to help offset the costs of travel and room and board during their internship.

Once applications are reviewed, selected students will be scheduled for an informational interview with a member of Wellington’s HBCU Steering Group, and an internship interview with a hiring manager and their respective team.  Interviews will commence the week of 4 October 2021 and awards will be announced on 12 November 2021.

Our paid internship opportunities are available across many areas of the firm, including: 

  • Client Group
  • Equity Research
  • Fixed Income Research
  • Global Accounting & Finance
  • Global Trading
  • Investment Services & Technology
  • Legal & Enterprise Risk
  • Tax Services

The application process includes:

  • Résumé
  • Academic transcripts
  • Written letter of interest
  • Two letters of recommendation
 

Who can apply?

The Wellington Scholars Program is open to full-time HBCU students who are sophomores and/or juniors majoring in business, finance, accounting, liberal arts, technology, and STEM programs. 

 

Scholarship eligibility

  • Currently enrolled in an undergraduate degree program offered by an accredited HBCU 
  • Overall GPA of 3.0 and meets academic progress standards as defined by the college or university 
  • A US legal resident, citizen, or eligible noncitizen under Federal Title IV regulations 
  • Earn at least a “meets expectations” rating in a 10-12-week summer internship
 

How to apply

  • Complete our online application once the application portal opens on 1 September 2021
  • Upload your current transcripts, résumé, and written letter of interest
  • Two letters of recommendation are required (for example from one of your professors, a manager, or a coach)
  • Applications are due by 6PM/EST on 24 September 2021

Questions? Email: [email protected]

 

What to expect

  • Two weeks after the application deadline, selected students will be contacted to schedule virtual interviews with the Wellington Scholars Selection Committee and respective hiring managers
  • Final decisions will be communicated both verbally and in writing approximately four weeks after the meeting with the selection committee
  • We will announce the 2021 – 2022 cohort of Wellington scholars in mid-November 2021
 

FAQs

What can I expect during the application process?

Students will be contacted to schedule virtual interviews with the Wellington Scholars Selection Committee and hiring managers.

 
When will I know if I’ve been selected?

We anticipate the process will take up to 4 – 6 weeks. We anticipate making offers mid-November 2021. 

 
How are decisions communicated?

Decisions will be communicated both verbally and in writing in the form of an offer letter.

 
Is the Scholarship renewable?

Yes, the scholarship is renewable for a one-year period as long as the scholar continues to meet the Wellington HBCU Scholars Program eligibility and be in good standing at the university.

 
Can I appeal if I am not offered the Scholarship during the Scholars’ Program year 2?

Yes, scholars can appeal to the Wellington HBCU Scholars Program Steering Committee directly in writing should the scholar be faced with an unexpected extenuating circumstance.

 
Is the internship paid?

Yes, the Wellington HBCU Scholars summer internships are paid and are competitive.

If I am a senior in the 2022 – 2023 academic year, will I be expected to complete two internships?

Juniors who apply in the fall of 2021 and are selected will complete one summer internship in the summer of 2022 prior to their senior academic year.

 
Will I have assistance finding an apartment/housing?

Yes, scholars will receive housing assistance and this information will be included in the formal offer letter.

 
What does the scholarship cover?

The scholarship covers tuition-related expenses including any applicable fees and will be applied directly to your tuition at your enrolled institution.

 
What if I receive full tuition funding from other sources?

Students receiving full tuition funding through other sources will be ineligible for scholarship funds; however, they are eligible to apply for a Wellington internship. 

 
Where is the internship located?
Depending on the situation with the COVID-19 pandemic, the internship will either be virtual or in-person at one of Wellington’s US locations in Boston, Chicago, or Radnor.
the Wellington team

Contact us

If you have additional questions, please get in touch!

Advancing diversity, equity, and inclusion is essential to our mission because it drives innovative approaches and collaboration. Wellington Management recognizes the financial disparities that many students face within the Black/African American community. Therefore, we are investing in educational equity by assisting with the cost of higher education.