Savanna Hoffman
CME Group offers internships and scholarships to students from around the world. The CME Group Foundation Scholars Program is a scholarship program that covers undergraduate study, including a 4+1 combined undergraduate and master's degree program. The scholarship is open to international students who can demonstrate financial need and are enrolled in an approved four-year college. Additionally, CME Group offers nearly 175 annual internships across its global offices, providing challenging work and collaboration opportunities with experts in financial services and technology. These internships offer competitive compensation packages and access to employee benefits, including professional development and networking events.
| Characteristics | Values |
|---|---|
| Scholarship name | CME Group Foundation Scholars Program |
| Scholarship amount | Up to $20,000 |
| Scholarship duration | Renewable up to three additional years, or until a bachelor's degree (or 4+1 combined undergraduate and master's degree program is earned) |
| Eligibility | Current or rising undergraduate sophomore, junior or senior student; minimum grade point average of 2.5 on a 4.0 scale (or its equivalent); financial need |
| Application requirements | Current, complete transcript of grades; family's first two pages of the most recently filed IRS Form 1040; note of explanation for international students or those with special circumstances |
| Internship opportunities | Yes, nearly 175 annual internships across global divisions |
| Internship duration | 12 weeks or longer (up to 12 months) |
| Internship benefits | Competitive compensation package; professional development and networking opportunities; business education sessions; volunteer events; programming competitions; simulated trading challenges; social events |
| Global University Trading Challenge | Annual event open to undergraduate and graduate students from colleges and universities around the world |
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What You'll Learn
CME Group Foundation Scholars Program
The CME Group Foundation Scholars Program is a scholarship program aimed at assisting first-generation college students from low-income backgrounds. The program is designed for students studying in the fields of Finance, Computer Science, Information Technology, Data Science, Cyber Security, Math, Statistics, Financial Engineering, or Accounting. Eligible applicants must be current or rising sophomores, juniors, or seniors with a minimum GPA of 2.5 on a 4.0 scale (or its equivalent). Additionally, applicants must demonstrate financial need and be historically underrepresented in their respective fields.
The scholarship award is renewable for up to $20,000 per year and can be used for all education-related expenses. Recipients of the scholarship will be asked to attend a one-day market education program at CME Group in Chicago to learn about the industry and summer internship opportunities. CME Group Foundation has partnered with Scholarship America, the nation's largest designer and manager of scholarships, to administer the program.
To apply for the CME Group Foundation Scholars Program, applicants must submit a current and complete transcript of grades, including credit hours for each course and term. Additionally, applicants must provide the first two pages of the family's most recently filed IRS Form 1040 for the Financial Information Section of the application. International students or those with special circumstances are required to upload a note of explanation. It is important to note that the use of AI to generate any part of the application is discouraged.
The CME Group Foundation Scholars Program is committed to raising awareness of rewarding career opportunities and removing barriers to success for students from underserved communities. The program has awarded over $3.5 million in scholarships to date, making a significant impact on higher education for historically underrepresented students.
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Internships
CME Group is the world's leading derivatives marketplace. The company offers nearly 175 annual internships across its divisions globally, including its offices in Chicago, New York, Washington, D.C., London, Singapore, Bangalore, Belfast, Hong Kong, São Paulo, Seoul, Sydney, Tokyo, and its Innovation Center in Champaign, Illinois.
CME Group offers internships in various areas, including Clearing and Post-Trade Services, Client Development and Research, Finance and Corporate Development, Global Brand Marketing and Communications, Technology, Human Resources, and Legal and Market Regulation.
The company culture at CME Group is welcoming, with a healthy attitude towards work-life balance. The interview process is straightforward and transparent, with one behavioral round and one case round.
While CME Group values internships as important for building careers and inspiring professional growth, it is unclear whether they sponsor international students for internships. However, international students can pursue other options, such as finding a US company that operates in their home country and applying for an internship there. Depending on their performance, they may later be offered the opportunity to travel to a US site or be sponsored by the company.
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Eligibility criteria
CME Group offers internships and scholarships to students. Here is the eligibility criteria for both:
CME Group Internships
CME Group offers internships to students across its global offices, including Chicago, New York, Washington, D.C., London, Singapore, Bangalore, Belfast, Hong Kong, São Paulo, Seoul, Sydney, Tokyo, and Champaign, Illinois. Interns generally work for 12 weeks during their college or university break, with longer internships lasting anywhere from three to 12 months. Internships are available in most divisions and offer challenging work and the opportunity to collaborate with experts in financial services and technology.
CME Group Foundation Scholars Program
The CME Group Foundation Scholars Program is open to current or rising undergraduate sophomore, junior, or senior students, including those enrolled in a 4+1 combined undergraduate and master's degree program. Applicants must demonstrate financial need and be historically underrepresented in the fields of Finance or Computer Science. They must also have a minimum grade point average of 2.5 on a 4.0 scale (or its equivalent) and be willing to participate in a 15-30 minute virtual interview.
Additionally, scholarship applicants must submit the following documents:
- A current, complete transcript of grades
- The family's first two pages of the most recently filed IRS Form 1040
- A note of explanation if the applicant is an international student or has special circumstances
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Application process
CME Group Foundation has established a scholarship program to assist first-generation college students from low-income backgrounds who are studying in the fields of Finance or Computer Science. The scholarship is for current or rising undergraduate sophomores, juniors or seniors.
The application process for the CME Group Foundation Scholars Program is as follows:
- Applicants must demonstrate financial need and be historically underrepresented in the fields of Finance or Computer Science.
- Applicants must have a minimum grade point average of 2.5 on a 4.0 scale (or its equivalent).
- Applicants must be willing to participate in a 15-30 minute virtual interview.
- Applicants must be willing to attend a mandatory one-day market education program at CME Group in Chicago in August to learn about the industry and summer internship opportunities. Recipients will be reimbursed for travel expenses for the day.
- Applicants must submit a current, complete transcript of grades. Grade reports are not accepted. Transcripts must display the student name, school name, grades, and credit hours for each course and term in which each course was taken.
- Applicants must submit a copy of the family’s first two pages of the most recently filed IRS Form 1040 for the Financial Information Section of the application. Social security numbers and bank account information must be blacked out. If you are an international student, or have special circumstances, please upload a note of explanation.
- Applicants must be willing to participate in a summer internship. CME Group offers nearly 175 annual internships across its divisions globally, including Chicago, New York, Washington, D.C., London, Singapore, Bangalore, Belfast, Hong Kong, São Paulo, Seoul, Sydney, Tokyo, and at its Innovation Center in Champaign, Illinois. Internships typically last 12 weeks during college or university breaks, but longer-term internships of three to 12 months are also available.
In addition to the CME Group Foundation Scholars Program, CME Group also offers internships to students. Internships at CME Group offer stimulating work, as well as professional development and networking opportunities. Interns are also eligible for some of CME Group's employee benefits.
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Benefits
CME Group offers a variety of benefits to international students. Firstly, they provide scholarship opportunities through the CME Group Foundation Scholars Program. This program offers financial assistance to undergraduate students, including those enrolled in a 4+1 combined undergraduate and master's degree program. International students with special circumstances are encouraged to apply and provide relevant explanations. The scholarship selection is based on financial need, academic performance, and responses to essay questions.
Secondly, CME Group offers internships to international students, providing them with valuable professional development and networking opportunities. Interns gain access to challenging work, collaborating with experts in financial services and technology. The company offers nearly 175 annual internships across its global offices, including Chicago, New York, London, Singapore, and Hong Kong. Internships typically last 12 weeks, but longer-term opportunities of up to 12 months are also available.
Additionally, CME Group provides educational resources through the CME Institute, offering over 60 free online courses and trading simulations for students to expand their knowledge and gain insights into the market. They also host the annual Global University Trading Challenge, a hands-on competition where students from around the world can learn about managing investment portfolios and gain experience in navigating market risks and uncertainties.
Lastly, CME Group embraces diversity and values the diverse experiences, cultures, and skills of its employees and interns. They offer a supportive network through their Employee Resource Groups (ERGs) to ensure that all perspectives are acknowledged and valued. This commitment to diversity and inclusion enhances the overall experience for international students, making them feel welcomed and respected during their time with the company.
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Frequently asked questions
CME Group offers internships and scholarships to international students.
The CME Group Foundation Scholars Program is a scholarship program that awards up to $20,000 to students who demonstrate financial need and are historically underrepresented in the fields of Finance or Computer Science.
Applicants must be current or rising undergraduate sophomore, junior, or senior students with a minimum grade point average of 2.5 on a 4.0 scale. They must also be willing to participate in a virtual interview and attend a mandatory one-day market education program at CME Group in Chicago.
The CME Group Internship Program offers nearly 175 annual internships across its global offices, including Chicago, New York, London, and Singapore. Internships typically last 12 weeks and offer a competitive compensation package, as well as professional development and networking opportunities.
You can apply for the CME Group Foundation Scholars Program through the Scholarship America Student Hub. For the CME Group Internship Program, you can visit wherefuturesaremade.com to create a profile and apply for positions.
