The FINRA Investor Education Foundation 2023–2024 Dissertation Completion Fellowship program seeks to expand the pipeline of researchers from racial and ethnic backgrounds. Applications are due by December 16, 2022.

The Fellowship will provide an award of up to $40,000. Applicants must have completed their doctoral coursework and be in the final year of writing their dissertation focused on topics such as financial capability, investor protection, access to financial services and the capital markets, fintech services, or understanding the systemic barriers to financial inclusion. Graduate study may be in any academic discipline.

The Fellowship program is one component of the FINRA Investor Education Foundation’s larger Financial Inclusion Framework. The Financial Inclusion Framework advances communication, education, and research to address systemic wealth disparities and lead to better outcomes for communities of color and underserved communities.


  • Application Deadline: December 16, 2022

Fellowship Information

  • Stipend: $40,000
  • Notification: March 2023
  • Fellowship Year: June 15, 2023 – June 14, 2024


  • The Fellowship is open to U.S. citizens, U.S. nationals, U.S. permanent residents, or individuals granted deferred action status under the Deferred Action for Childhood Arrivals Program or Temporary Protected Status, in each case who are members of certain racial and ethnic groups historically underrepresented in higher education (as defined in the Fellowship terms). International students studying in the U.S. on a student Visa are ineligible for this Fellowship.
  • Applicants must be enrolled full-time at a U.S. non-profit (private) or a state (public) doctoral-granting institution of higher education that is accredited by a nationally recognized accrediting agency.
  • Applicants cannot be affiliated with (i.e., employed by or related to, or have an immediate family member who is employed by or related to) a current director, officer, staff member of the FINRA Foundation, or a current member of the FINRA Board of Governors.
  • Applicants cannot be an “Associated Person” as defined under FINRA Rule 1011(b) and cannot otherwise affiliated with (i.e., employed by, or have an immediate family member who is employed by) a securities firm regulated by FINRA.
  • Applicants cannot be affiliated with securities regulators, self-regulatory organizations, or securities industry trade associations.
  • Applicants must be enrolled full-time in a Ph.D. degree program.
  • All pre-dissertation requirements must be met by the Fellowship start date, including approval of the dissertation proposal. If not already approved as of the application date, proof of approval for the dissertation proposal must be submitted no less than 30 days before the commencement of the Fellowship.
  • Applicants must be in the writing stage of their dissertation by the time the Fellowship begins.
  • Applicants must not hold other doctoral degrees; this should be an applicant’s first doctoral program.
  • Applicants who have previously received a Foundation Fellowship are not eligible to receive another Fellowship, and Fellowships are not otherwise renewable.
  • Applications must be submitted by email by the application deadline.

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