How to Get A Scholarship for ACCA in 2025
Last Update On 27th December 2024
Duration: 5 Mins Read
Do you dream of an accountancy career that lets you work anywhere in the world? Your gateway to international recognition is the ACCA. Now, thanks to the ACCA Scholarship 2025, you can do it in financial comfort.Â
The benefit of this scholarship is twofold-firstly it lightens the financial load of securing the ACCA qualification. Secondly, it provides access to top employers across a wide variety of sectors.Â
Wondering how to qualify and apply for this golden opportunity? Let’s take a good look into the scholarship process from ACCA that can help set you up to make the most of this golden opportunity.
In this article, we will discuss ACCA scholarship in detail and the various aspects related to it. You can also check out our blog Steps to Become an ACCA: Career Prospects, Eligibility, Salary.
About ACCA Scholarship 2025
The ACCA Scholarship was established in the name of Miss Muriel Simpson FCCA. After Miss Muriel’s demise, she left her fortune as scholarships for outstanding students with the potential to achieve ACCA certification. This scholarship has become an annual affair and is known famously as the “Simpson Scholarship”. Every year five brilliant minds are rewarded under this scholarship. The scholarship is awarded based on the student’s dedication, grades and hard work.
Eligibility for Applying for the ACCA Scholarship 2025
All the applicants, to be eligible for the application form of the scholarship for ACCA in 2025, must have:
Enrollment in ACCA Program: Currently an enrolled student of ACCA.
No Outstanding Fees: Make sure you don’t have any outstanding fees left to clear before applying for the scholarship.
Exam Performance Requirements: In the case of Applied Knowledge exams, you should get a minimum average score of 80% on your first attempt.
If you have Applied Knowledge exemptions, you must obtain a minimum of Applied Skills exam scores of at least 66% for any 2 papers.
How to Apply for an ACCA Scholarship in India?Â
You can apply for the ACCA Scholarship using the following steps:
Essay: Write a personal and inspiring essay on “How will the award of a scholarship help me to realize my full potential?” Be able to share how a scholarship would impact your career, your journey to ACCA, and how it aligns with your long-term goals.
Include References: Your application should include two references who can speak about your academic and professional integrity.
Submit an Application Form: Each portion of the scholarship application form should be duly filled in.Â
Apply: Once you have completed all of the above steps, please submit your application form, plus your essay and references, to [email protected]. Alternatively, you may forward this by post, but please note that it must arrive before the deadline because submissions made after the deadline will not be accepted.
What Happens in the Next Step?
After you have applied, you should receive an acknowledgement from ACCA. If your application does not get selected, you will be informed of the reasons against your application. Qualified applications will then undergo a selection process, where each essay is assessed by a panel of judges. Then, ACCA will provide rewards for the top five applicants whose essays will best inspire and encapsulate compelling stories worthy of the scholarship.
What is Included in the ACCA Scholarship 2025?
The ACCA Scholarship provides a range of benefits, covering key costs and offering valuable study resources:
- Annual Student Subscription Fees
- Examination Fees: For each ACCA exam level
- Membership Admission Fee
- Affiliate Subscription Fees
Some Tips for Winning an ACCA Scholarship
The following are some of the tips for Winning an ACCA Scholarship:
Take an Authentic ApproachÂ
Be authentic in your essay. Your true motivations, challenges, and aspirations need to shine through. Express how the aim of this scholarship aligns with your objectives. Judges want to see authentic people with a defined purpose in their lives.
Showcase Your Academic Achievements
Mention academic success, for example, passing exams with excellent grades, awards, and key projects. This will indicate that you are determined to succeed in the ACCA exams.
Provide Evidence of Financial NeedÂ
Specify how the scholarship will reduce financial burdens such as paying exam fees or making time at work since there will be less financial strain. Showcase how this would mean that the scholarship impacts your career as well as your studies.
Proofread Carefully
A well-polished application speaks a lot about a person’s professional approach. Check your essay and your application form carefully to avoid any mistakes and see that your content is clear, concise, and truly compelling.
Be Explicit in Your Essay
Do not make general statements, but illustrate those by using specific examples from your life. Discuss how you would make a difference in your industry or community through this scholarship.
Outline Your Career Plans
Describe how this ACCA certification will help you in your future career. Are you planning to join a multinational company, start your own business or work in the accounting profession? Show how this scholarship will be used to attain those aspirations.
ACCA Scholarship of Other TypesÂ
Besides the esteemed Simpson Scholarship, there are other types of ACCA scholarships available. These include country-specific and university-specific as well as opportunities offered through institutions such as Zell Education. Here’s a list of each:
1. Country-Specific Scholarships
Many countries have ACCA scholarships to support students pursuing accountancy. Such scholarships aim at promoting local talent toward globally recognised credentials. They differ by country; however, most are offered by government institutions or local accounting bodies seeking to increase the number of ACCA-certified professionals in their region.
To discover country-specific ACCA scholarships, check with:
- National scholarship programs funded by your government.
- Local bodies of ACCA or Institute of Accountancy.
- The official website of ACCA, which, region-wise publishes scholarships that are taking place in that region.Â
These scholarships offer waivers on exam fees, and annual subscriptions, and sometimes even provide assistance on the cost of study materials.
2. University-Specific ScholarshipsÂ
Many colleges and universities provide scholarships in association with an undergraduate or postgraduate course alongside the ACCA qualification.Â
University-specific scholarships offered by ACCA include tuition fee reductions, fee waivers, free access to ACCA study materials and services, and many more.
Some of the universities providing ACCA-specific scholarships are mentioned below:
- UK universities provide several integrated programs with the ACCA, where some offer scholarships, particularly to international students.
- Australian and Canadian institutes: There are several scholarship institutions associated with programs offered by the institutions themselves for students pursuing an ACCA.
To obtain these, one can simply look at the various university scholarship portals or contact the admissions offices of business or accounting departments known for their ACCA-approved programs.
3. Zell Education Scholarship Programs
Zell Education offers scholarships up to a certain percentage of the fees if the students score high in their in-house entrance test called Zell’s Aptitude Test. Zell Education is a platinum learning partner for ACCA exams. They provide discounts on your ACCA enrollment fees as well. Check out their website for more details about fee waivers, scholarships and more.Â
Conclusion
The ACCA Scholarship for 2025 provides an unprecedented opportunity for deserving and talented students to transfer some of that financial burden so that they can have a fulfilling accounting career. Being the only body that gives out numerous scholarships offered worldwide, including the highly esteemed Simpson Scholarship, to help fund students’ ACCA journey. The scholars will not miss any chance to accelerate their careers with ACCA.
Check our blog on Preparing for the ACCA exam? Ace with these preparation tips to learn more.
FAQs on ACCA Scholarship :
What is the number of scholarships awarded each year?
Each year, five dedicated students get the Simpson Scholarship.
What is covered by the ACCA Scholarship?
The scholarship shall comprise funds to bear examination fees, student subscription fees, membership admission fees, affiliate subscription fees, and all study materials.
To apply for a scholarship with ACCA, what information is required?
Applicants must provide their educational history, a personal essay outlining how the award will help them, and two professional referees.
Do ACCA Scholarships only apply to Indian students?
No, ACCA Scholarships are there for students from all around the world, not only in India.
What criteria are used to select ACCA Scholarship winners?
Scholars are selected based on academic qualifications, the strength of their financial background, and how compelling their essays are.