Credit SuisseInvestment Banking Women's Scholarship
Terms and Conditions
1.Award Information
1.1Credit Suisse Management (Australia) Pty Limited wishes to encourage women currently engaged in undergraduate university studies to consider careers within the finance sector.Credit Suisse is proud to offer its own investment banking scholarship for female university students (the Scholarship). The Scholarship is intended to assist female students as they plan for their final year of study and entry into a career in investment banking through providing financial support, the opportunity to interview for an internship and the opportunity to build relationships with professionals working within Credit Suisse.
2.Details
2.1Financial Assistance:A$10,000(less applicable tax, if any)
2.2Other benefits: The Awardee will be shortlisted to participate in final round interviews for the Summer Internship Programme, and will automatically by-pass initial-round interviews. (see Clause 3 below for more details)
2.3Number Awarded:1 scholarship awarded in 2012 for 2013
2.4Duration:1 year (to run with a calendar university year, i.e. February to November)
2.5Study Mode:Full-time undergraduate study, on-campus (that is, not correspondence study)
3.Summer Internship Programme
3.1In addition to a cash payment valued at A$10,000 (less applicable tax, if any), the Awardee will be given the opportunity to automatically participate in final round interviews fora paid position in Credit Suisse's Summer Internship Programme. This Programme offersparticipants both challenges and real business experience.
3.2Credit Suisse's Summer Internship Programmeis an11 week programme commencing at the end ofNovember of each year. The Summer Internship Programmeoperates to give interns exposure to at least one of Credit Suisse's three businesses in the Investment Banking Division (being Investment Banking Dept, Equities and Fixed Income) and is an important source of full-time hiring in Australia.It provides the Awardee the opportunity to participate in our unique collaborative culture. During the Summer Internship Programme participants meet and network with peers and Credit Suisse employees from all levels, and will develop a skill set that will set them apart from other graduates embarking on careers in finance.
3.3The Scholarship Awardee will have the chance to participate in final round interviews for Credit Suisse's Summer Internship Programme. Each division has two rounds of interviews and candidates are assessed with generally three or four competency-based interviews.
3.4It is not a condition of the Scholarship that the Awardee must be available to participate in the Summer Internship Programme.
4.Eligibility Criteria
4.1To be eligible for the Scholarship, you must be:
(a)a female student in your penultimate year at any Australian university;
(b)enrolled fulltime in an undergraduate degree(s)from any academic field;and
(c)an Australian citizen, permanent resident or otherwise be permitted to work in Australia on a full time basis at the time that you submit your application. Please contact Credit Suisse for further information about other persons who may be eligible under this condition.
4.2Students who already hold other scholarships or intend to undertake a summer internship are eligible and encouraged to apply. Please note that students who hold scholarships from other Investment Banks are not eligible to apply.
5.Selection Criteria
5.1The winner of the Credit Suisse Investment Banking Women's Scholarship, as determined by the Selection Panel, (which generally comprises of business representatives), must demonstrate exceptional ability in all of the following 7 areas:
(a)Academics:A distinction to high distinction average.
(b)Leadership: Proven ability to lead and build a team; inspire, empower and encourage others toward action; accountable for their own actions.
(c)Intellect/Problem Solving: Displays an analytical approach to tasks; systematic and logical reasoning to problem solving; and quantitative capability
(d)Driving Results: Self motivated, resourceful, drivenwith a committed work ethic; delivers “outcomes”.
(e)Building and Maintaining Relationships: Adaptable and supportive team player with a positive outlook.
(f)Communication: Articulate, confident, active listener. Considered in their approach.
(g)Adhering to Standards: Behaves ethically, acts with integrity and possesses the courage to stand on principle.
6.How to Apply
6.1Applications must be submitted online at include the following necessary documentation:
(a)a cover letter addressed to the Recruiter (marked Ref: Credit Suisse Scholarship);
(b)a resume;
(c)a certified copy of your most recent academic transcript; and
(d)proof of eligibility to work in Australia following graduation.
6.2When applying online, you must select the Melbourne or Sydney office to process your application, based on your own location (candidates who are not residents in Victoria or New South Wales must select the Sydney office).
6.3All applicants will be notified in writing of the outcome of their application.
6.4For further details about the Scholarship, please visit
7.Closing Date
7.1The closing date for all applications will be Wednesday 16th May 2012, Midnight AEST.Applications received after this date will not be considered.
8.Offer of Scholarship
8.1All hardcopy correspondence during the application process will be sent to the address submitted in your scholarship application. Please ensure that your address details in your application are up-to-date.
8.2The Awardee will receive a Letter of Offeroutlining the details of the Scholarship and how to accept the offer. You must accept the offer of the Scholarship in writing by the date specified in theLetter of Offer. If the offer is not accepted within the date specified, the offer will lapse and the Scholarship may be allocated to another eligible student.
9.Payment Tenure
The Scholarship shall comprise of a cash payment of ten thousand dollars ($10,000) payable directly into your nominated bank account in two equal instalments during your final year of study, each of $5,000, less applicable taxes if any. The first instalment will be paid in mid April and the second and final instalment will be paid in mid September.
10.Enrolment
10.1Unless there are exceptional circumstances, throughout the life of the Scholarship you must:
(a)maintain a full time study load (at least 18 units) during your final year of study;
(b)have achieved and maintain satisfactory academic progress (see clause 10.2 for further details); and
(c)pass all courses / units attempted during your final year of study.
10.2Credit Suisse shall determine whether your academic achievements both prior to and throughout the life of the Scholarship aresatisfactory, but as a minimum,you must,have achieved academically a distinction average in previous years of study, and maintain a distinction average in the year of the scholarship.
10.3To enable Credit Suisse to monitor your academic progress, you give undertake to provide details of your academic progress (including but not limited to your enrolment details and academic transcripts) upon its request.
10.4If you make any changes to your enrolment after receiving any instalment of the Scholarship you must notify Credit Suisse immediately of such changes. Failure to advise Credit Suisse of changes in a timely manner may result in forfeiture of the Scholarship.
11.Leave of Absence
11.1Where you intendto take a leave of absence during your final year of study, you must apply for and seek approval from Credit Suisse to suspend the Scholarship for the period of leave prior to taking the leave. In the event your leave of absence is unexpected due to exceptional medical circumstances, you must seek approval as soon as possible following commencement of leave.
11.2Any application for suspension should be accompanied by appropriate supporting material (for example, doctors' certificates).
11.3The maximum amount of time in which Credit Suisse may allow you to suspend the Scholarship is [12] months.
11.4Approval for both suspension and continuation of the Scholarship is at the sole and absolute discretion of Credit Suisse.
11.5If Credit Suisse approves a leave of absence, you will not be entitled to receive any scholarship payments during the leave of absence. When you recommence your studies, your scholarship payments will resume according to the terms and conditions set by Credit Suisse in connection with your leave of absence, or as otherwise set out in these terms and conditions.
12.Deferment & Transfer of Scholarship
12.1Except where Credit Suisse grants you permission to suspend your studiesin accordance with Clause 11, you will not be able to defer the Scholarship.
13.Termination of Scholarship
13.1After the Scholarship has been awarded, the Scholarship may be terminated by Credit Suisse if you no longer satisfy the conditions of the Scholarship. You will no longer satisfy the conditions of the Scholarship if you:
(a)discontinue, withdraw from or are terminated fromyour course of study;
(b)vary your enrolmentsuch thatyou will not be completedyour course of study byNovember 2013 (this only applies in circumstances where Credit Suisse has not approved a leave of absence in accordance with Clause 11);
(c)do not notify Credit Suisse of changes to your academic circumstances during the life of the Scholarship;
(d)do not maintain satisfactory academic progress as determined by Credit Suisse in accordance with Clauses 10.1 and 10.2;
(e)engage in academic misconduct (including but not limited to failing to adhere to university academic and administrative policies) or any other misconduct or improper behaviour which in the sole determination of Credit Suisse causes or has the potential to cause harm to the business or reputation of Credit Suisse;
(f)do not meet the Eligibility Criteria contained in Clause 4 during the life of the Scholarship;
(g)do not meet eligibility for study in Australia; and
(h)do not comply with any conditions specified in the Letter of Offer.
13.2Ifyou no longer satisfyone of the conditions in Clause 13.1, Credit Suisse may, at its sole and absolute discretion, terminate the Scholarship and require you to immediately repay to Credit Suisse the entire amount (or at the discretion of Credit Suisse, a pro-rata amount) of any payment already made to you in connection with the Scholarship.
13.3If the Scholarship is terminated pursuant to Clause 13.1,you will be required to reapply for the Scholarship should you wish to participate in the programme again and there is no guarantee that you will be offered another Scholarship or an opportunity to rejoin the Scholarship that was terminated.
14.Provision of False Information
14.1The awarding of the Scholarship is based on the information that you provide to Credit Suisse. The Scholarship may be withdrawn at any stage if you provide incorrect information or withhold relevant information, or if you ask another person to do so on your behalf.
15.Privacy
15.1The information you provide to Credit Suisse in connection with your application for the Scholarship is collected for the primary purpose of assessing your eligibility to receive the Scholarship.Other purposes of collection include dealing with administrative matters relating to your application, administration of the Scholarship programme, corresponding with you, statistical analysis and to comply with legislative reporting requirements.
15.2You have a right to access your personal information that Credit Suisse holds, subject to any exceptions in relevant legislation. If you wish to seek access to your personal information or inquire about the handling of your personal information, please contactThe Australian Campus Recruiter by email at .
15.3Please refer to the Credit Suisse website for our global privacy policy
16.Other Conditions
16.1The Scholarship shall be administered and fundedindependently by Credit Suisse. You acknowledge that your university has no obligation or liability to award or administer the Scholarship.
16.2The Scholarship will entitle the Awardeeto an opportunity to interview for a position in Credit Suisse's Summer Internship Programmeas part of the final round interviews but does not constitute a guaranteed offer of a position in Credit Suisse's Summer Internship Programme. Further, neither the Scholarship nor participation in Credit Suisse's Summer Internship Programme should be construed as a guarantee or commitment of any ongoing employment with Credit Suisse.
16.3Credit Suisse may change these terms and conditions at any time at its sole discretion and shall provide the Awardee with written notice of such changes as soon as reasonably practicable.
17.Acceptance of Conditions
17.1In applying for the Credit Suisse Investment Banking Women's Scholarship, you acknowledge that you have read, understood and accept the terms and conditions outlined above.
17.2Failure to meet any of these terms and conditions may result in:
(a)the termination of the Scholarship, if awarded,by Credit Suisse at its sole and absolute discretion;and
(b)therepayment by you of any scholarship money awarded by Credit Suisse immediately upon termination of the Scholarship.