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New HSBC award delivers a financially-stress-free semester studying abroad

Oct 1, 2015

Taj Mahal

The HSBC International Business Awards will lower financial barriers to international study for students across Canada

Starting this fall, Ivey 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,” 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 and possibly give them an opportunity to build an international career at HSBC.” 

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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.

Granted to two business school students each year for three years at each of the 10 universities, a total of 60 students are expected to receive the Award by 2017. 

The new Award is anticipated to be welcome news for the 60 students set to receive the Award in Canada. In fact, HSBC’s latest global survey study: the Value of Education, suggests that six in 10 parents in Canada would like to see their child study abroad.1 Whereas in comparison, a 2014 research study by the Canadian Bureau for International Education (CBIE), states that only three per cent of Canadian students are going abroad on international study programs or exchanges – one of the lowest numbers among Organization for Economic Co-operation and Development countries.2

Ivey students can find more information under Awards Finder on the HBA website.

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  1. HSBC Value of Education: Learning for Life global research study, available at: www.hsbc.ca/education 

  2. 2014 Canadian Bureau for International Education (CBIE) research report, available at: www.cbie.ca