On Friday, October 20, 2017, Frankfurt School of Finance & Management awarded scholarships for the academic year 2017/2018. For the first time the scholarship holders received their certificates in the Audimax of the business schools´ new campus. In addition, to students and their parents, sponsors of Frankfurt School as well as professors, programme directors and learning advisors were invited to the ceremony.
Professor Dr Michael Grote, Vice President Academic Affairs and Professor of Corporate Finance at Frankfurt School, welcomed the guests and led through the event. "I am pleased to congratulate our engaged students who officially receive a scholarship today. I would also like to thank our sponsors. Some of them have allready supported us for many years. Without them we could not provide this amount of scholarships", said Professor Grote.
The award ceremony began with the granting of 41 scholarships of the Deutschlandstipendium, which are enabled by companies, foundations, friends and alumni of Frankfurt School. The Deutschlandstipendium, which was founded by the Federal Ministry of Education and Research (BMBF) in 2011, runs for a year. One half of the scholarship that is worth 7.200 Euro in total is provided by the federal government. The other half is sponsored by a supporter. In addition, to the personal achievment of the applicants in their studies an essay competition had to be accomplished succesfully.
Afterwards, Professor Dr h.c. Klaus-Peter Müller, Chairman of the Supervisory Board of Commerzbank AG and Honorary Chairman of the Frankfurt School of Finance & Management Foundation, handed over certificates to nine students of the Master in Management and Master of Finance programmes as well as the Full-Time Frankfurt MBA. As the first students who have been awarded the scholarship, they receive support of the Klaus-Peter Müller Scholarship Fund for financing their studies at the business school. "For me it is a personal concern to support talents and to make it possible for them to study at Frankfurt School - irrespective of their income. We need the best students continuing to place Frankfurt School among the top business schools", emphasised Professor Müller.
Since 2013 the Frankfurt Institute for Risk Management and Regulation (FIRM) has been supporting Master of Finance students with a focus on Risk Management. This year the institute is providing five scholarships for students at Frankfurt School. Frank Westhoff, Chairman of the Executive Board at FIRM, took part at the ceremony to hand over the certificates. He emphasised how important a good education is for beeing succesful and statisfied in somenodys professional life. He also encouraged the students to be engaged as Alumni to give something back.
Adjacent, Professor Grote congratulated the 82 Frankfurt School scholarship holders. Every year the business school provides partial scholarships for Bachelor- and Master programmes. The programme aims to support applicants - independent of their financial situation - to start an academic course at Frankfurt School.
Representing the Frankfurt School Förderverein (supporter organisation), Dr Lutz Raettig, Chairman of the Supervisory Board at Morgan Stanley AG, handed over one certificate to a student form Morocco. To boost the internationalisation of Frankfurt School, the Förderverein provides scholarships each year. The DAAD (German Academic Exchange Service) also provides scholarships through the combined scholarship- and support programme STIBET for international students. This year they come from Bulgaria, China, Haiti, India, Italy, Morocco and Tunesia. The DAAD-Price was awarded to Mohammed Al-Salafi, studying the Master of International Business, who is from Yemen. The prize is awarded to an international student who is particularly active within the student community at Frankfurt School every year.
The ceremony was follwod by a lunch where studets and supporters had the chance to get to know each other and to interact on a personal level.