Indian American finance professor at University of New Orleans establishes scholarship

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Tarun Mukherjee (Courtesy: University of New Orleans)

Tarun Mukherjee, an Indian American finance professor at the University of New Orleans has established a scholarship in honor of his parents, called the Kali Charan Mukherjee Endowed Scholarship in Finance.

The scholarship will renewable for $1,000 a year for students majoring in finance, the university said in a press release.

Mukherjee was one of 10 children born to his parents who are now deceased; however they sacrificed a great deal to see that he and his siblings received the best education that the family could afford.

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“They inculcated in all of their children that education was the most valuable asset of all. The award is a very small way to pay tribute to all the sacrifices they made so that their children are where they are in their lives,” Mukherjee is quoted saying in a press release.

To be eligible for the scholarship students must be a first-semester freshman who is enrolled as full-time student at the university and have an ACT score of at least 24 or a SAT score of 1260, as well as a 3.0 GPA or higher.

The student must also be a first-semester freshman with a declared major in finance and must submit an essay on why they’ve chosen to pursue a degree in finance.

The scholarship award of $500 will be given at the start of the fall and spring semesters and is renewable for eight undergraduate semesters, excluding summer sessions, however students must maintain at least a 3.0 GPA and remain as a finance major.

Mukherjee, who has been working at the university since 1981, said that the scholarship is designed as a recruiting tool for the Department of Economics and Finance in the College of Business Administration at the university, to attract high-achieving students.

In fact, Mukherjee had first majored into History of India and planned to earn a doctorate in the subject, but ended up in an M.B.A. program and received a doctorate in finance from Texas Tech.

According to his bio on the university’s website, Mukherjee has authored 60 refereed publications, served as chair/co-chair of more than 20 dissertations and as committee member of over 20 committees.

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