The Maybank Scholarship Award
The Maybank Scholarship Award is central to our educational initiatives and an essential part of the Group’s human capital development programme. The Scholarship Award was established in 1972, and, to date, we have sponsored over 1,000 bright youngsters.
In 2010, we provided partial scholarships for 175 scholars to pursue tertiary education in our local premier universities and selected private institutions of higher learning. Each receives an annual grant of RM9,000 as well as a laptop computer and mentoring programmes in preparation for eventual employment in the Maybank Group. We have allocated over RM1.8 million for this programme.
In 2011, at a cost of RM3.54 million, for the first time we presented 27 full Scholarship Awards to sponsor studies at top universities overseas. The scholarship covers all tuition fees and living allowances, and provides supplementary mentoring programmes to sharpen graduates' competitive edge when they embark on their Maybank careers.
We select students from a range of disciplines that will support the diverse business needs of the Maybank Group, bringing diversity to our scholarship programme and enriching our human capital pool.
Twenty students, selected from over 800 applicants, were awarded full scholarships under this scheme to pursue their education at universities such as Imperial College, the London School of Economics, the University of Chicago and the University of Melbourne.
On 23 March 2012, we have awarded the scholarship to 19 young Maybank Foundation scholars who were successful from amongst the 1,000 applications that were received. Since the scholarship started in 1972, we have sponsored over 1,000 bright individuals, giving each of them an opportunity to fulfill their dreams of studying at leading universities and an exciting career with the No 1 Bank in Malaysia and soon-to-be a regional financial services leader. This year again, we are pleased to make dreams come true for our young achievers as well as mark the 40th year of our scholarship with another milestone to our Scholarship Award scheme.