The Women Enhancing Technology (WeTech) Goldman Sachs Scholars Program is a partnership between the Institute of International Education (IIE), leader in the world's most prestigious scholarship and fellowship programs, and Goldman Sachs (NYSE: GS) a leading global investment bank and active investor in India, that invests in young women and future leaders in information, communication and technology (ICT) in India.
WeTech believes that providing young women university scholarships for degrees in the ICT sector has tremendous impact on their retention and success rate in their chosen field, at a time when the global tech industry desperately needs more women educated, trained and entering into ICT careers. Combining this financial support with a 6-month structured mentorship program will also enable these women to connect with professionals working in the field who can provide them with valuable advice, guidance, and support to ensure their success as they enter into technical careers after graduation.
Scholarships will be issued to university students from eligible universities in India in the amount of $1,500 for the 2017 – 2018 school year. The financial award may be used to cover fees associated with a student’s academic course of study and is not strictly limited to tuition. WeTech holds the right to stipulate fees disbursement and utilization structure.
The scholarship recipients will also be expected to complete a 6-month virtual mentorship from approximately July through December 2017. Scholars will be connected with experienced mentors from Goldman Sachs.
The scholarship eligibility requirements are as follows:
- Applicant must be female
- Applicant must be a citizen of India
- Applicant must be a current undergraduate student at a participating university in her second or third year of studies
- Applicant must be seeking a degree in Engineering, Computer Science or other ICT-related studies
- Applicant must be able to demonstrate leadership potential in their chosen ICT field (reference letters will be required)
- Applicant must be willing and available to participate in a virtual mentorship for a six-month period in late 2017
- March 30, 2017: Online application opens
- UPDATED - Application deadline extended until June 10, 2017
- Late June 2017: Scholarship and mentorship winners announced
The Goldman Sachs Scholarship and Virtual Internship application is currently closed.
About Goldman Sachs:
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Goldman Sachs has been serving Indian clients since the early 1990s and established an onshore presence in India in December 2006 following a ten-year joint venture. Today, it serves leading corporate and institutional clients through corporate finance (investment banking), equity sales and trading and fixed income securities businesses, as well as providing macro-economic and investment research. Goldman Sachs is also an active investor in India, deploying more than US$2.5 billion in capital since 2006.
In 2004, Goldman Sachs opened its office in Bengaluru. Today, as an integral part of the firm’s global activities, the Bengaluru office with more than 5,000 professionals is the firm’s second largest office in the world. In 2014, the firm broke ground on a new campus in Bengaluru and will invest approximately INR 1,200 crore (US$200 million) on the construction and the completion of a state of the art complex, which is expected to open in 2019.
Since 2008, Goldman Sachs has committed in excess of $1.6 billion to philanthropic initiatives, globally to academic partners and nonprofit organizations, including in India. As part of the firm’s “Community TeamWorks” initiative, Goldman Sachs engages extensively with local non-governmental organizations around the world. To date, since 2005, Goldman Sachs in India has partnered with more than 100 non-profit organizations to engage in approximately 1,900 community building initiatives.