School of Business

Scholarship Descriptions

Click here for scholarship logistics and forms.

USM School of Business Scholarships

Bank of America Scholarship


This scholarship was established for undergraduate and graduate students who are of low-to-moderate income (80% of the median family income for the county in which their family resides).

  • Open to any School of Business Major
  • Applicant must be a Maine resident
  • Enrolled in the School of Business on a full-time basis (minimum 12 credit hours)
  • Will graduate no sooner than December of the academic year funds are received
  • Must be in good academic standing
  • Scholarship application and Free Application for Federal Student Aid (FAFSA) required; FMI: usm.maine.edu/fin
  • Must meet income qualification above

Dean John W. Bay Scholarship


In 2003, this scholarship was established in recognition of beloved colleague John Bay who retired from the School of Business after 38 years of dedicated service. John and Anne Bay have continued to fund this scholarship which recognizes students who exhibit leadership potential through high quality participation, on a volunteer basis, in University, School of Business, and/or community organizations.

  • Open to any School of Business Major
  • Cumulative G.P.A. of 3.0 or better required*
  • Enrolled in a minimum of 6 USM credits when funds are received
  • Will graduate no sooner than December of the academic year funds are received
  • Exhibits leadership through volunteerism in University, School of Business, and/or community organizations
  • Scholarship application and essay required
  • Essay topic:  Describe how you have demonstrated leadership ability through current and past volunteerism in University, School and/or community organizations.

Robert W. Berry Memorial Scholarship


Berry, Dunn, McNeil, & Parker established this scholarship in 2000 in memory of one of its founding partners, Robert W. Berry. The award is given to a student who is pursuing an interest in technology and business.

  • Any School of Business major/class standing may apply
  • Cumulative G.P.A. of 2.5 or better required*
  • Enrolled in a minimum of 6 USM credits when funds are received
  • Will graduate no sooner than December of the academic year funds are received
  • Scholarship application and essay required
  • Essay topic:  Describe your interest and personal involvement in technology and business related activities.

Electa "Lecky" McLain Brown Scholarship

This scholarship was established by Electa "Lecky" McLain Brown, a longtime resident of Gorham who worked at USM from 1943 (when it was the Gorham Normal School) until 1976. When she left the university, she had held the position of bursar for 33 years.  This endowed scholarship is designed to help USM School of Business students with financial need meet the cost of tuition. Recipients of Electa McLain Brown Endowed Scholarships must be graduates of a Maine high school.

  • Open to any undergraduate School of Business Major
  • Cumulative G.P.A. of 3.0 or better required*
  • Enrolled in a minimum of 6 USM credits when funds are received
  • Will graduate no sooner than December of the academic year funds are received
  • Preference given to those with financial need as determined by the Financial Aid Office
  • Graduated from a Maine high school
  • Scholarship application required

Burchard Dunn Memorial Scholarship


This scholarship was established in 1997 in memory of Burchard Dunn, a founding partner in Berry, Dunn, McNeil, & Parker, by his family and friends. Dunn’s many years of commitment to his community included serving as a state legislator and as chair of USM Corporate Partners. The award is given in his memory to an accounting or business major who upholds some of his high ideals and who is involved in our community.

  • Only Sophomore, Junior, or Senior undergraduate School of Business majors may apply
  • Cumulative G.P.A. of 3.0 or better required*
  • Exhibit financial need as determined by the Financial Aid Office
  • Enrolled in a minimum of 6 USM credits when funds are received
  • Will graduate no sooner than December of the academic year funds are received
  • Preference given to students who have contributed to the community
  • Scholarship application and essay required
  • Essay topic:  Describe contributions you have made to the community through your volunteerism and community service

Charles N. Greene Scholarship


Family and friends of Charles N. Greene, in honor of his service as a professor of management and organizational behavior from 1986 to 1993, established this scholarship in 1994. The award is given to a business administration student with strong academic standing who has expressed an interest in a career in management.

  • Only undergraduate General Management majors with 54 or more credits may apply
  • Cumulative G.P.A. of 3.0 or better required*
  • Enrolled in a minimum of 6 USM credits when funds are received
  • Will graduate no sooner than December of the academic year funds are received
  • Received an A- or better in BUS 340
  • Is interested in a career in management
  • Scholarship application and essay required
  • Essay topic:  Describe your personal qualities and experiences that have developed your interest in a management career.

Otis Family Scholarship

This scholarship was established in 2013 with a gift from James C. Otis (1976).  The purpose of the scholarship is to provide financial support for a Maine student(s) in the School of Business with preference given to accounting or finance majors.

Mary Purkis and Horton P. Gilman Scholarship


This scholarship was established in 1984 in memory of Mary Purkis Gilman. The scholarship was created by friends and family in recognition of her commitment to American business and to those individuals entering business as a career. In 1996, the scholarship was renamed to honor Horton Gilman as well, who was a faithful friend and loyal supporter of the School of Business. The recipient must embody the free enterprise spirit and have demonstrated involvement in extracurricular activity, work, or community service.

  • Only undergraduate General Management, Marketing, Finance or Sport Management  majors
  • Must have earned at  least 83 credits, and not more than 115 credits by the end of the fall semester in which the scholarship is awarded
  • Cumulative G.P.A. of 3.2 or better required*
  • Enrolled in a minimum of 6 USM credits when funds are received
  • Will graduate no sooner than December of the academic year funds are received
  • Normally completes at least 12 credits per year
  • Involved in extracurricular activities, work, or community activities
  • Scholarship application, resume, and essay required
  • Essay topic:  Describe your free enterprise spirit; include examples of your involvement in extracurricular activities, work, or community participation.

USM SB Sport Management Scholarship


The USM SB Sport Management Scholarship was established in 2013 to provide financial assistance to sport management majors.

Eligibility:

  • Minimum 3.0 GPA (at time of application)
  • Enrollment in BUS 397 Sport Management Internship during the upcoming academic year (Summer, Fall, or Spring) - please note that you must be a junior or senior to enroll in this course
  • USM SB Sport Management major

Required Materials:

  • Application Cover Sheet
  • Essay (details below)
  • Resume
  • Transcript
  • 2 Reference Forms from individuals other than Professors Parker, Southall, or Williams

Award Amount:  Up to $2,000

Selection Criteria:

  • Cumulative GPA
  • Connection between your career goals and material to be learned in BUS 397
  • Financial Need
  • Your potential to make a significant future contribution to the sport industry
  • Overall quality of your application package

Essay:
Your essay should address the following questions:

  1. What do you hope to gain from BUS 397?
  2. How have you prepared for BUS 397? (Include academic courses, extracurricular activities, externships and/or internships, work experience, community service, etc.)
  3. How will BUS 397 relate to your future career and/or academic plans? How will you benefit from what you learn in BUS 397?

Duane Wood Scholarship


This award honors Duane Wood, who served as dean of the School of Business from 1981 to 1986. The award is given to an outstanding business administration major who has exemplary academic achievement and has demonstrated a strong interest and involvement in recreational and/or fitness activities.

  • Only undergraduate General Management, Marketing, Finance or Sport Management  majors with 30 or more credits may apply
  • Cumulative G.P.A. of 3.2 or better required*
  • Enrolled in a minimum of 6 USM credits when funds are received
  • Will graduate no sooner than December of the academic year funds are received
  • Interest and/or involvement in recreational/fitness activities
  • Scholarship application and essay required
  • Essay topic:  Describe your interest in recreational and/or fitness activities; include examples of your involvement in recreational and/or fitness activities.

George D. Woodward Accounting Scholarship


The Simmons Foundation established this scholarship in 1995, honoring George D. Woodward, who practiced as an accountant in Portland and taught at USM. The scholarship provides assistance to accounting majors who possess exceptional academic credentials with preference given to residents of Cumberland County.

  • Only undergraduate Accounting majors may apply
  • Cumulative G.P.A. of 3.0 or better required*
  • Enrolled in a minimum of 6 USM credits when funds are received
  • Will graduate no sooner than December of the academic year funds are received
  • Financial need as determined by the Financial Aid Office
  • Preference given to those who are permanent residents of Cumberland County

*based on USM cumulative GPA only; grades from other institutions will not be considered


Non USM School of Business Scholarships (awarded outside the University):

New England States Government Finance Officers' Association scholarship application