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4th Annual Moguls in the Making HBCU Scholarship Competition (615) Save Scholarship/Grant
This scholarship/grant was graciously shared with you by: Reggie Culpepper.
Ally and TMCF open registration for HBCU student business pitch competition

The winning team of students from a Historically Black College or University (HBCU) will earn $20,000 in scholarship funds each, a guaranteed internship and other prizes. Everyone who is chosen to participate will earn a $1,000 scholarship and internship consideration.

Registration is open until May 15th. To learn more about the program, students are encouraged to attend a virtual overview session via the Handshake college recruiting platform on April 21 or May 12 at 6 p.m. ET. Visit the scholarship's web site to access the Handshake platform for the overview session.

What is Moguls in the Making

Moguls in the Making pitch competition offers 60 students from Historically Black Colleges and Universities (HBCUs) the opportunity to learn vital business skills, while competing for valuable scholarships and paid internships. During the Moguls in the Making competition, which will take place Sept. 15-18, students will be grouped into teams of four from 15 HBCUs and asked to develop and pitch business ideas that promote economic mobility in Charlotte. The teams will pitch their ideas to a panel of judges from the business community with each member of the top three winning teams earning scholarships for $20,000, $10,000 and $5,000 respectively as well as guaranteed paid internship offers from Ally, a laptop and other prizes. All students from each of the 12 other teams will earn $1,000 scholarships for their participation in the rigorous challenge.

Moguls in the Making (MITM) was developed in 2019 to provide HBCU students with career-launching business experience, networking access to executives and internships and scholarships, while also giving Ally a new path for reaching diverse talent. Since MITM launched three years ago, Ally has hired 36 of the participants as interns and 12 as full-time employees, working on teams across the company, from IT and marketing to product design and development. The digital financial services company has awarded $356,000 in scholarships through the program since 2019.


Last year’s winning idea from the North Carolina A&T team focused on a new way to generate power locally to lower electric bills for residents in low income neighborhoods. Other winning ideas involved using technology to improve high school graduation rates, help people get jobs in skilled trades and provide health care for the uninsured.

For the last two years, the program has been virtual because of the pandemic, but organizers are planning to hold the competition in person this fall. Travel expenses to Charlotte will be covered for all students selected for the program. Leading up to the competition weekend, students will participate in a series of learning sessions to prepare them for the program and help them bond with other students from their teams.To help students better understand the program, Ally and TMCF will hold three virtual sessions via the Handshake college recruiting platform on March 31, April 21 and May 12. Each 90-minute session will start at 6 p.m. ET. Former Moguls participants will be on hand to answer questions.

To participate in the Moguls program, students must be current, full-time rising sophomores, juniors or seniors in good standing at an HBCU or PBI and must have a minimum cumulative 3.0 GPA. (Applicants with a cumulative GPA of 2.75 or better must be recommended by department chair or Dean.) Applications will be accepted through May 15. To apply or get more details, go to the scholaship's web site.

The Moguls competition was cited by Fast Company as a reason Ally was named 6th on its 2021 list of Best Workplaces for Innovators, which recognizes companies that foster creative cultures.
Dollar Amount: $20,000
Deadline(s): May 15, 2022
Scholarship/Grant Sponsor: Ally and the Thurgood Marshall College Fund
Award Type: Scholarship Money
Scholarship/Grant Site: https://www.ally.com/go/moguls/ or https://www.tmcf.org/students-alumni/entrepreneurship/moguls-in-the-making/.
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