MSCPA Scholarships

Financial Aid - Scholarships

MSCPA Scholarships

Scholarships are administered by the Educational Foundation of the Massachusetts Society of Certified Public Accountants, Inc. (MSCPA) and are available for both undergrad and grad accounting students who are attending a college or university in Massachusetts or attending a college or university out-of-state with a permanent address in Massachusetts . You must be taking at least 9 credits per semester and a U.S. citizen or permanent resident to apply. Scholarship funds are issued directly to the students and can be used for tuition, books, interviewing expenses, etc.

The online application consists of:

  1. The application form.
  2. A recommendation from an accounting professor, academic advisor or job supervisor.
  3. Unofficial transcript(s) of all educational courses.
  4. An essay of 300 words or less in which you describe an experience from your own life and explain its affect on you.
  5. Masters applicants must provide evidence of acceptance into a Master’s program.

Deadline for receipt of application and supporting documents - April 1, 2016. Awards will be distributed at the MSCPA’s Recognition Reception on the evening of May 24, 2016 at the Granite Links Country Club in Quincy.

Click here to Apply Online

Kathleen M. Peabody, CPA, Memorial Scholarship ($2,500)

Sponsored by Wolf & Company PC, this scholarship is to encourage individuals who have demonstrated academic excellence and financial need to pursue a career in public accounting in Massachusetts.

To qualify, a student must meet most of the following criteria:

  • Full-time undergraduate accounting major who will be entering their junior or senior year;
  • Superior academic standing;
  • Financial need; and
  • Intention to seek a career in a public accounting firm.

Master's Scholarship Program ($2,500)

This award is $2,500 per year with a maximum of $5,000 per person. It is for a student holding an undergraduate degree in accounting, who is in the process of obtaining a Master's degree in accounting or its equivalent.

To qualify, a student:

  • Has been accepted into a Master's degree program in accounting or its equivalent at a Massachusetts college/university;
  • Has a financial need; and
  • Intends to seek a position or continue working or teaching in accounting-related areas in the Commonwealth of Massachusetts following the conferment of the Master's degree.

Firm/Company Scholarship ($2,500)

Scholarships are made possible through the generosity of public accounting firms and private companies throughout the Commonwealth.

Applicants must meet the following criteria:

  • A graduate student, or an undergraduate student who has completed at least the first semester of his/her sophomore year;
  • Demonstration of academic excellence;
  • Financial need; and
  • Intention to pursue an accouting career in Massachusetts.

MSCPA/ALPFA Scholarship ($2,500)

Purpose: To encourage Hispanic and Latino students who have demonstrated academic excellence and financial need to pursue a career in accounting in Massachusetts.

The award program is administered by the Educational Foundation of the Massachusetts Society of Certified Public Accountants, Inc. and made possible by the generosity of the ALPFA and the Educational Foundation of the Massachusetts Society of Certified Public Accountants (MSCPA).

This award is designated for students who meet the following criteria:

  • A Hispanic or Latino graduate student, or a Hispanic or Latino undergraduate student who has completed at least the first semester of his/her sophomore year by the time of application;
  • Demonstration of academic excellence;
  • Demonstration of financial need;
  • Intention to pursue a career in accounting in Massachusetts; and Student Membership in ALPFA Boston.

MSCPA/NABA Scholarship ($2,500)

Purpose: To encourage Black and African American students who have demonstrated academic excellence and financial need to pursue a career in accounting in Massachusetts.

The award program is administered by the Educational Foundation of the Massachusetts Society of Certified Public Accountants, Inc. and made possible by the generosity of the National Association of Black Accountants (NABA) and the Educational Foundation of the Massachusetts Society of Certified Public Accountants (MSCPA).

This award is designated for students who meet the following criteria:

  • A Black or African American graduate student, or a Black or African American undergraduate student who has completed at least the first semester of his/her sophomore year by the time of application;
  • Demonstration of academic excellence;
  • Demonstration of financial need;
  • Intention to pursue a career in accounting in Massachusetts; and
  • Student Membership in NABA, Inc -- Boston Metropolitan Chapter.

Women in Accounting Scholarship ($2,500)

The purpose of these scholarships is to encourage women who have demonstrated academic excellence and financial need to pursue an accounting career in Massachusetts.

The Women in Accounting Scholarships are funded by the MSCPA's Women Golf Committee.

This award is designated for students who meet the following criteria:

  • A graduate student, or an undergraduate student who has completed at least the first semester of her sophomore year;
  • Demonstration of academic excellence;
  • Financial need; and
  • Intention to pursue an accounting career in Massachusetts.

Scholarship Lottery for CPA Exam Candidates

In an effort to increase the number of test takers and defray exam costs, the Society will hold a lottery to award vouchers in the amount of $500 to candidates planning to sit for the exam as a Massachusetts candidate between May 1, 2016 and April 30, 2017. To be eligible, the individual must be a Massachusetts resident who will not receive financial assistance from his or her employer in the form of payments/reimbursements of exam fees or review courses, or a bonus upon passing.

Apply here.

Outstanding Accounting Educator Award

Would you like to pay tribute to a professor or colleague for their excellence in the classroom? The MSCPA’s Outstanding Accounting Educator Award was designed to recognize full-time accounting faculty who are actively involved in the accounting profession. The recipient will receive an award of $1,000 to further his/her professional development and a matching gift will be given to the college’s accounting department in their honor. Click here for nomination form.

Accounting Scholarships Offered by Other Organizations

Find scholarships offered to accounting students by other organizations.

About the MSCPA's Educational Foundation

Designed to recognize and encourage today's students who become tomorrow's accountants, the Foundation promotes new accountancy programs in higher education, and strengthens the links between business and academia. Contributions assist in funding for students enrolled in undergraduate accounting programs and the UMass Summer Camp Program aimed at introducing minority students to the various opportunities available in the business world, especially accounting. The Foundation, a 501(c)(3) organization, provides an opportunity to make a tax deductible contribution to a program that helps to ensure the future of the profession.

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Visit the American Institute of CPAs who also offer a variety of CPA scholarships.

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