HLM Scholarship Fund

The Heather L. Main Memorial Scholarship Fund honours the memory of a trailblazing woman in Canadian capital markets. It was established in 1998 to promote the industry and to encourage qualified women, in participating Canadian graduate business schools, to pursue careers in the capital markets. 

The Heather L. Main Memorial Scholarship is currently offered to female students in a full-time 2-year MBA or joint MBA/LL.B programs at the following universities:

  • Michael G. DeGroote School of Business, McMaster University
  • Joseph L. Rotman School of Management, University of Toronto
  • Desautels Faculty of Management, McGill University
  • Schulich School of Business, York University

The scholarship, mentoring, and internship programs help recipients build the practical skills and experience necessary to launch a successful career in the capital markets. 
HLM Recipients receive:
  • $25,000 scholarship plus a paid summer internship in the Capital Markets at one of the participating financial institutions
  • Opportunity to participate in a women's leadership training program
  • Opportunity to participate in a an executive coaching program during internship
  • Mentorship during internship and final year of studies
  • One year complimentary membership with WCM

Scholarship recipients will be announced at a major WCM event and listed on WCM's website. Scholarship recipients are expected to promote WCM and the HLM Memorial Scholarship at their Universities and with their sponsoring summer employer.

  • The applicant must be female and must be enrolled in a first-year full-time MBA program or a third-year full-time joint MBA/LLB program at a participating university.
  • The applicant must demonstrate her interest in pursuing a career in the Capital Markets, academic excellence, community involvement, and leadership capabilities.
  • Applications must be submitted to the eligible universities by the prescribed deadline in the fall of the first year of the MBA program.
  • Paid summer internships will be served immediately before the final year of MBA or MBA/LLB studies. The applicant must be available for the full four months (i.e., May-August) to complete her summer internship.
How to apply:

HLM Scholarship applications can be obtained through participating school career centers. Completed applications should be submitted directly to your business schools (they may not be submitted directly to WCM). Each school submits its short-listed candidates to WCM. The top four candidates, regardless of school affiliation, are selected through an interview process and on a competitive basis, by a judging panel comprised of members of the Scholarship Fund and industry representatives.

Applications due November 8, 2017. Interviews will be conducted during the week of November 20, 2017. 

About the HLM Scholarship:

The Scholarship Fund is governed by a Management Committee appointed by WCM's Board of Directors. It is a registered charitable organization (Charitable Registration No. 86 700 1893 RR0001). The Fund is also a proud sponsor of the Judy Project - an Enlightened Leadership Forum for executive women.

Current Chair: Lisa Porlier, Managing Director, Russell Reynolds Associates

Founding Chair: Constance L. Sugiyama, Deputy Chair and Partner, Fraser Milner Casgrain LLP

There are many ways to get involved with the HLM Memorial Scholarship Fund. Volunteers will:

  • Work with the universities to promote scholarships
  • Liaise with the investment dealers participating in the summer internships
  • Provide advice and support to the Fund's Investment Committee
  • Liaise with potential candidates and organize their attendance at the summer internship interviews
  • Assist in the selection of the scholarship winners

For more information please contact the WCM office at [email protected]

Also, join one of the Early Success Stories sessions to hear the recipients of this scholarship share their diverse experiences relating to early career progression in the capital markets industry.

Who was Heather L. Main?                   

Heather L. Main was one of a small group of women in corporate finance on Bay Street in the 1980's. After obtaining a law degree from Osgoode Hall Law School and being called to the Bar in Ontario, Heather entered the corporate finance department of one of Bay Street's premier investment banks where she helped lead a wave of innovative financings in the mid '80s as well as conducting a tour of duty with the Corporate Finance Branch of the Ontario Securities Commission.

In May 1989, Heather was killed in a car accident with her husband and mother. She is remembered by those who knew and worked with her for her intelligence and dedication, her generosity of spirit and her support of those who worked with her. Heather served as a role model and mentor for many of the women who worked with her. Heather would have wholeheartedly supported the establishment and goals of this Scholarship and the continued success of women in Capital Markets.

It is to the memory and spirit of Heather L. Main, that this Scholarship is dedicated.

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