Tuesday, April 19, 2005

Pricewaterhousecoopers announce Scholarships for Local School-leavers

PricewaterhouseCoopers Gibraltar have this week announced the establishment of two University Scholarships open to all Gibraltar school-leavers.

The aim is to encourage and reward academic excellence. They will be awarded annually to the two students with the highest academic achievements and who have gained admittance to university.

The first awards will be made in the autumn of this year. “The proposal for the establishment of this scholarship has been discussed with and approved by the Minister of Education, Training, Culture and Health, who has confirmed that it will not affect the candidates’ entitlement to any existing State scholarship or means-tested benefits,” said Senior Partner Ian Angus.

Mr Angus, said that he was delighted to launch this initiative to reward excellence in whatever field of endeavour the candidate has selected:

“The partners feel that this is an excellent way to encourage and reward high academic achievement and hope that this initiative should established itself as a goal to aspire to for young high-flyers. PricewaterhouseCoopers is one of the world’s pre-eminent professional services organisations. As professional advisers we help our clients solve complex business problems and aim to enhance their ability to build value, manage risk and improve performance. As auditors, we play a significant role in the operation of the world’s capital markets.

We take pride in the fact that our services add value by helping to improve transparency, trust and consistency of business processes. In order to succeed, we must grow and develop, both as individual and as a business. Our core values of Excellence, Teamwork and Leadership help us to achieve this growth.”

The award will amount to £1,000 per academic year for each successful candidate, for the entire three year degree course, payable at the beginning of each academic year and has no conditions attached.

Applications will be considered from all Gibraltarian and non-Gibraltarian school leavers who have attended school in Gibraltar in the two years leading up to their A levels. No application will be considered from a person who is closely related to a partner or staff member of PwC or one of its associated companies.

Application forms will be given to the Department of Education for distribution during May to Deputy Heads of schools who will make them available to eligible students. The forms will contain instructions as to how the candidate should proceed.

“The selection will be based on actual ‘A’ level results and will also have regard to the input of the relevant school, but the ultimate decision as to whom should receive the award will rest with the partners of PricewaterhouseCoopers and there will be no appeal from their decision. The primary criterion for selection will be that of high achievement in academically demanding subjects, allied to choice of a correspondingly demanding degree course,” explained Mr Angus. “No preference will be given to those choosing an economics or finance-related degree course. There is no requirement that successful candidates join PwC at any stage, nor does PwC undertake to offer them employment on graduating from university.”

But PwC will offer the successful candidates the opportunity to obtain work experience with the firm in Gibraltar during the summer vacations (subject to the availability of places) to enable them to find out more about a career in accountancy should they so desire.

“This will be on a remunerated basis at PwC’s usual rates for ‘summer jobs’ and is entirely at the option of the candidate.”

PricewaterhouseCoopers is a global organisation with member firm offices in 769 cities in 144 countries. With a combined headcount of more than 122,000 PwC firms rank amongst the world’s leading employers of high skilled, professional people. Aggregated revenues in fiscal year 2004 were USD17.6 billion, including expenses reimbursed by clients. Net revenues were USD16.3 billion. The clients range from the world’s largest and most complex organisations to some of its most innovative entrepreneurs. In fiscal year 2004, the member firms performed services for 83 percent of the companies in the Fortune Global 500.


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