Economics Scholarships for College

Economics Scholarships, Costs & ROI Snapshot

This snapshot pulls from CollegeWhale’s scholarship database and planning tools to show how many scholarships are available for Economics majors, the total dollars listed, and how early-career pay compares to typical college costs.

Scholarships in Our Database

We currently list 10 active scholarships tied to Economics programs, sourced from professional groups, nonprofits, and private sponsors. New awards are added regularly.

Total Scholarship Dollars Listed

The scholarships currently listed total approximately $63,500 in advertised award value. Many programs offer renewable or variable awards, so available funding may be higher over time.

Early-Career Pay & ROI

Early-career median pay for Economics graduates is about $115,000 per year. We estimate a typical 4-year net college cost around $108,584.

That means first-year earnings are roughly 106% of total college cost, with an estimated payback period of 0.9 years (before taxes and living expenses).

Economics Scholarships to Apply for Now (Scholarship FastFind™)

The CollegeWhale Scholarship FastFind™ makes it easy to discover the best Economics scholarships — fast. Filter by award amount, deadline month, and estimated time to apply, then instantly download your personalized list. No sign-ups, no personal info, no spam — just real, verified scholarships.

1

FFSH Scholarship Program

The FFSH Scholarship Program is offered by the Foundation for Financial Service History (FFSH) to support students pursuing higher education and careers in financial services, business, economics, accounting, finance, and related fields. This scholarship is designed to help motivated students

Award: Varies Deadline: April Est. Application Time: Med (88 min)
2

Teradata H.O.P.E. in Tech Scholarship

The Teradata H.O.P.E. in Tech Scholarship is designed to help students who have faced significant challenges and are pursuing degrees in STEM fields. By providing this financial support, Teradata seeks to foster a more inclusive and diverse technology industry, ensuring

Award: $2,500 Deadline: May Est. Application Time: Low (10 min)
3

NSHSS Business and Public Policy Scholarship

The NSHSS Foundation Business & Public Policy Scholarship is awarded by the National Society of High School Scholars (NSHSS) to support students pursuing degrees in business, finance/economics, or public policy. This scholarship is open to high school students of all

Award: $1,000 Deadline: May Est. Application Time: High (128 min)
4

Goldman Sachs Scholarship for Excellence

The Goldman Sachs Scholarship for Excellence is designed to attract Black, Hispanic, and Native American students to the firm's summer internship program. Recipients receive a paid summer internship offer at Goldman Sachs, with up to $15,000 awarded upon starting the

Award: $15,000 Deadline: Rolling Est. Application Time: Med (58 min)
5

BMO Capital Markets Equity Through Education Scholarship

The Lime Connect Equity Through Education Scholarship, sponsored by BMO Capital Markets, aims to support students with disabilities who demonstrate academic excellence and leadership potential while pursuing a degree in business-related disciplines. This scholarship promotes diversity and inclusion within the

Award: $10,000 Deadline: February Est. Application Time: Low (13 min)
6

Additional Economics Scholarships

The Additional Economics Scholarships are institutional awards administered by Auburn University at Montgomery for students pursuing undergraduate study in Economics. These scholarships are designed to recognize academic achievement while also providing meaningful financial support to students who demonstrate commitment to

Award: $500 Deadline: Rolling Est. Application Time: Med (58 min)
7

MasterCard WorldWide Scholarship

The MasterCard WorldWide Scholarship Program has been a long-standing opportunity for talented undergraduate students seeking both financial support and recognition for their academic and leadership achievements. Established in 1999, the program is funded in partnership with the United Negro College

Award: $5,000 Deadline: October Est. Application Time: Med (88 min)
8

GEICO Achievement Scholarship Program

The GEICO Achievement Scholarship Program is a long-running corporate scholarship initiative created to support high-achieving undergraduate students who show strong academic performance, leadership potential, and a commitment to excellence in fields tied to GEICO’s core business needs. Every year, GEICO

Award: $1,000 Deadline: February Est. Application Time: High (118 min)
9

Virtual Business Scholarship

The Virtual Business Scholarship is an annual national scholarship program created by Knowledge Matters, the developer behind the widely used Virtual Business simulation software. Designed for high school students with a strong interest in business, entrepreneurship, marketing, management, or personal

Award: $2,000 Deadline: April Est. Application Time: Med (33 min)
10

Buick Achievers Scholarship

If you are a student who is making a difference, achieving academic goals, and helping your community, The Buick Achievers Scholarship is looking for students like you. The Buick Achievers Scholarship is seeking motivated and passionate college bound students nationwide,

Award: $25,000 Deadline: Rolling Est. Application Time: Low (13 min)

Economics scholarships support students studying how markets allocate resources, how incentives shape behavior, and how policy decisions affect employment, inflation, trade, and inequality. Funding can offset tuition, books, software, research expenses, and (in some cases) study abroad or conference travel. Economics awards come from universities, foundations, professional associations, policy institutions, and employers that hire analysts.

Economics scholarships are often “signal-based.” Committees look for evidence you can handle quantitative work (calculus, statistics, econometrics), interpret data, and write clearly about real economic questions. The strongest applications connect a specific interest area—labor markets, development, monetary policy, industrial organization, environmental economics, behavioral economics—to coursework, projects, and long-term goals.

CollegeWhale Tip: “I’m interested in economics” is too broad. A stronger application names a question and the tools you use to answer it—for example: “I’m studying wage growth using CPS data and a difference-in-differences approach,” or “I’m analyzing how interest rate changes affect small-business lending using bank call report data.” Even a class project can work if it’s specific.

Quick Match: Which Economics Scholarships Fit Your Focus?

Your Focus Scholarships That Tend to Fit What Reviewers Typically Want to See
Econometrics / Data Analytics Department awards, research fellowships, data-driven policy scholarships Statistics/econometrics grades, coding in R/Stata/Python, reproducible projects
Public Policy / Government Public service scholarships, policy institution fellowships, civic leadership awards Policy writing samples, internships, clear issue focus (housing, labor, health, climate)
Development / Global Economics Study abroad and international development fellowships, Rotary-style grants Field interest, language/region focus, research proposal or applied project plan
Finance / Banking / Consulting Industry scholarships, corporate programs with internship components Quant skills, leadership, evidence of analytical work and professional readiness
PhD Track Pre-doctoral preparation programs, research-intensive fellowships, AEA-linked opportunities Real analysis / advanced math, research assistant work, econometrics strength

Types of Economics Scholarships and Grants

Scholarships and grants for economics students generally fall into categories that reflect what committees are trying to fund.

  • Merit-based scholarships: Awarded for strong performance in economics and quantitative coursework and, sometimes, honors research or thesis work.
  • Need-based grants: Often layered on top of merit awards and may reduce out-of-pocket costs for tuition and required fees.
  • Research and thesis funding: Supports data access, software, fieldwork, research assistants, or conference travel tied to a defined project.
  • Topic-focused awards: Designed for students concentrating on areas such as development, labor, public finance, environmental economics, or behavioral economics.
  • Industry scholarships: Sponsored by employers seeking analysts and future talent; some include internships or early recruiting access.

Economics Scholarships for College Students

Economics majors can qualify for awards ranging from small departmental scholarships to competitive national programs. Many economics departments administer annual scholarships for declared majors and may prioritize students who contribute to departmental life through tutoring, research assistance, or teaching support.

Common eligibility requirements include:

  • Declared major in economics, applied economics, quantitative economics, or political economy
  • Minimum GPA requirement (varies by program), often with emphasis on math and econ course performance
  • Personal statement that explains your economic interest with specificity
  • Recommendation letters from economics or math faculty

Applicants are often strongest when they can point to concrete work: an econometrics paper, a policy memo, a data project, a thesis proposal, or research assistant duties.

Economics Scholarships for High School Seniors

High school seniors can build early momentum by applying for broad merit programs and scholarships that reward independent work.

  • National Merit Scholarship: Often used to fund early college years for students entering economics, finance, or quantitative social science majors.
  • Davidson Fellows Scholarship: Supports students under 18 completing significant independent projects in economics, mathematics, or social sciences.
  • Local community foundation scholarships: Many allow intended majors in economics, business, finance, or public policy.

Competitive high school applicants often show:

  • AP/IB economics, statistics, calculus, or advanced math coursework
  • DECA, finance clubs, economics clubs, or research competitions
  • Independent projects such as a data analysis write-up, policy brief, or market research report

National Economics Foundation Scholarship

The National Economics Foundation Scholarship is aimed at students studying economics, finance, or public policy. While requirements can vary, competitive applicants typically demonstrate strong quantitative preparation and the ability to discuss real economic issues with clarity.

Typical components include:

  • Enrollment in an accredited economics or related program
  • Academic strength in quantitative and analytical coursework
  • Leadership experience in economics, policy, or research-oriented organizations
  • An essay that engages a current economic issue (inflation, trade, inequality, housing, climate policy)

Awards are often in the $1,000 to $5,000 range and may be renewable.

Scholarships for Women in Economics

Women remain underrepresented in certain advanced economics roles, particularly in academic and high-level policy settings. Several programs support women pursuing economics and related quantitative disciplines.

  • AAUW Fellowships: Funding for women pursuing graduate study and research, including economics.
  • Institute for Women’s Policy Research support: Awards for research aligned with labor markets, wages, family policy, and related areas.
  • Departmental women-in-economics awards: Many universities administer named scholarships for women who excel in advanced coursework or research.

Strong applications often combine quantitative strength with a clearly defined topic focus (labor, education, development, finance, public policy).

Scholarships and Fellowships for Graduate Economics Students

Graduate economics funding is often larger and more structured, particularly at the PhD level. Many PhD programs offer tuition waivers and stipends, while external fellowships can provide additional flexibility or prestige.

  • NSF Graduate Research Fellowship: Competitive research funding that can apply to economics and related social science research projects.
  • Rotary Global Grant Scholarship: Supports graduate study abroad, including development economics, trade, and policy-related work.
  • Central bank and policy institution support: Some institutions sponsor graduate students working in monetary policy, financial stability, or international economics.

Graduate students should also consider research assistantships, teaching assistantships, and internal fellowships tied to departments, research centers, or policy labs.

Corporate and Industry-Sponsored Economics Scholarships

Employers hire economics students for roles in analytics, risk, consulting, banking, and economic research. As a result, some scholarships are connected to recruiting pipelines.

  • Goldman Sachs Scholarship for Excellence: Supports high-achieving economics, finance, or business students from underrepresented backgrounds.
  • JP Morgan Chase Smart Start Scholarship: Combines scholarship funding with professional development and mentorship structures.
  • Bank of America Student Leaders and similar programs: Often tied to community development, economic mobility, and leadership.

Industry awards tend to value quantitative skill, professionalism, leadership, and evidence you can apply economics outside a classroom.

Joseph A. Johnson Jr. Distinguished Economics Scholarship

The Joseph A. Johnson Jr. Distinguished Economics Scholarship supports minority students pursuing economics or related quantitative disciplines.

  • Eligibility: Full-time enrollment in undergraduate or graduate study in economics, finance, or a closely related field.
  • Selection emphasis: Academic performance, leadership or service, and a defined interest in economic research or policy.
  • Application materials: Essay on goals, recommendation letter(s), transcripts.

Awards are commonly up to $2,500 annually and can support tuition, books, and research-related costs.

American Economic Association (AEA) Summer Program

The AEA Summer Program is a fully funded academic program for undergraduates from underrepresented backgrounds considering PhD study in economics. While not a traditional scholarship, it functions as a major funding and preparation opportunity.

  • Funding: Tuition, housing, travel support, and living stipend for the program period.
  • Training: Intensive coursework in microeconomics, macroeconomics, and econometrics aligned with early PhD-level expectations.
  • Professional development: Mentorship and exposure to research culture, graduate preparation, and professional economist networks.

Participation can strengthen PhD applications and improve access to research assistant positions.

Ryoichi Sasakawa Young Leaders Fellowship Fund (SYLFF)

The SYLFF supports graduate students in economics, public policy, and international affairs at participating universities.

  • Eligibility: Enrollment at a participating institution and strong academic performance.
  • Selection emphasis: Leadership potential and commitment to addressing global economic and social issues.
  • Benefits: Stipends, research funding, and access to a global network of fellows.

SYLFF is a strong fit for students connecting economics to development, governance, or international policy.

University Scholarships for Economics Majors

Many economics students receive funding directly through university scholarships, departmental awards, or research centers. Some are automatic at admission; others require a separate departmental application.

  • University of Chicago economics scholarships: Merit-based awards that may factor in advanced math preparation.
  • Harvard Kennedy School fellowships: Partial and full funding for graduate study in policy programs with economics-heavy coursework.
  • Stanford Knight-Hennessy Scholars: Full funding for graduate study for high-achieving students across disciplines including economics and policy.

Beyond well-known programs, many departments award smaller annual scholarships for top-performing majors, thesis work, research assistants, and peer tutors.

How to Apply for Economics Scholarships

Economics scholarships are typically won by students who show clear analytical preparation and a defined direction.

  • Emphasize quantitative skills: Calculus, statistics, econometrics, and data tools (R, Stata, Python).
  • Show concrete work: Research papers, policy memos, data analyses, thesis proposals, or independent projects.
  • Use specific topics: Housing affordability, inflation, labor markets, education economics, climate policy, development, inequality.
  • Choose strong recommenders: Faculty who can speak to your analytical reasoning and research potential.
  • Apply broadly: Combine national awards, departmental scholarships, research center funding, and local community grants.

Data & content oversight by Lauren Nichols

Co-Founder of CollegeWhale, specializing in scholarship data systems and financial aid research.