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New HSBC award helps with studying abroad

Posted by Rowe School of Business on October 15, 2015 in Students, News, Awards

(Top business undergrads) x (New $10,000 HSBC Award) =
a financially stress-free semester studying abroad

Starting this fall, Rowe School of Business and nine other top Canadian universities will begin granting a new and noteworthy award to some of Canada’s most deserving and internationally minded students.  

“Studying abroad helps students to develop the skills and mindset needed to collaborate and compete on a global stage,” says Jason Henderson, Executive Vice President and Head of Global Banking and Markets for HSBC Bank Canada and executive sponsor of the new award program. “The HSBC International Business Awards will lower financial barriers to international study for 60 deserving students across Canada – including six top students from the Rowe School of Business – and possibly give them an opportunity to build an international career at HSBC.”

Each recipient will receive $10,000 to help cover the costs associated with studying abroad, with the Award being granted on the basis of academic achievement, leadership and financial need related to the additional costs of completing an international university exchange program. In addition, they can apply for a summer internship with HSBC Bank Canada, as well as a place in one of the international bank’s management trainee programs upon graduation.

“This year two Rowe students will be the first recipients of this generous award from HSBC Bank Canada. They will join approximately 50 of our Bachelor of Commerce Co-op and Bachelor of Management students who take advantage of our study exchange opportunities with 18 universities around the world,” says Lorn Sheehan, director of the Rowe School of Business.

The new award is anticipated to be welcome news for the 60 students in Canada chosen to receive it. In fact, HSBC’s latest global survey study, The Value of Education, suggests that 6 in 10 parents in Canada would like to see their child study abroad. In comparison, a study by the Canadian Bureau for International Education entitled A World of Learning 2014 finds that only 3% of Canadian students are going abroad on international study programs or exchanges – one of the lowest numbers among OECD countries.

Granted to two different business school students each year for three years at each of 10 universities, the award will benefit a total of 60 students by 2017.

Read more about the HSBC International Business Award