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Access the application for the Summer Internship advertisement via the USyd Careers Hub.
$15,000 and a work placement for ten weeks only.
Note: Recipients will undertake a ten week placement at Tibra Capital Work, for the purpose of work-integrated learning as part of their degree.
This scholarship was established in 2017 for the purposes of encouraging enthusiastic and dedicated science students at the University of Sydney to undertake work-integrated learning as part of their degree and providing them with financial support for their academic study.
Tibra Capital is a quantitative research and investment group focused on utilising its shareholders capital across a broad range of investment strategies. Tibra specialises in equities trading, arbitrage, market making, and algorithmic trading.
Locally founded in Austinmer in 2006, Tibra has grown to be a global firm with an excess of 100 employees with offices in Wollongong, Sydney, London, Hong Kong and Dubai. Tibra’s investment philosophy focuses on a scientific approach using a range of systemic and diversified trading strategies.
a. The Tibra Capital Work Integrated Learning Scholarship in STEM was established in 2017 for the purposes of encouraging enthusiastic and dedicated Science students at the University of Sydney to undertake work-integrated learning as part of their degree and providing them with financial support for their academic study.
b. This Scholarship has been donated by Tibra Capital, a quantitative research and investment group and global equity derivatives market leader. Tibra Capital strongly encourages students with a solid passion for STEM to apply for their Work Integrated Learning Scholarship to learn from the best within the competitive, yet highly rewarding industry.
a. Applicants must be an Australian Citizen or Australian Permanent Resident and enrolled full-time in an undergraduate course within in the Faculty of Science and undertaking a major in Mathematics, Statistics, Financial Mathematics and Statistics, Data Science, Computer Science, Information Systems and/or Software Development.
b. Applicants must have achieved a minimum ATAR of 90.00 in the NSW Higher School Certificate (HSC) or equivalent.
c. Applicants must have completed at least 96 credit points of study in their undergraduate course within the Faculty of Science by the time they commence the work integrated learning experience with Tibra Capital and have achieved a WAM of at least 75 during their undergraduate studies.
d. Applicants must be eligible to enrol in the unit of study WILS2002 and be able to undertake the 10-week placement at Tibra Capital’s Austinmer office from December to February.
e. Applicants must have intermediate programming skills in Python, C#, C++ or similar.
f. Applicants must demonstrate an interest in financial markets and concepts.
g. Applicants must accept and submit a Scholarship and Placement Privacy Statement, as described in clause 6(a).
a. The Scholarship will be awarded on the basis of:
I. academic merit,
II. cover letter and curriculum vitae, and
III. a personal statement which outlines how the Scholarship will assist the applicant with their studies and career aspirations.
b. Shortlisted applicants will be required to attend an interview.
c. The Scholarship will be awarded by a selection committee consisting of the Head of School of Mathematics and Statistics, or their nominee, one other academic member of staff from the Faculty of Science and representatives from Tibra Capital.
a. The Scholarship is valued at $15,000 and is tenable for the duration of the placement only.
b. The Scholarship will be paid in two equal instalments. The first instalment will be paid during the work integrated learning experience (December to January). The second instalment is paid after the conclusion of the work integrated learning experience.
c. Deferral of the Scholarship is not permitted without the prior permission of the Dean of the Faculty of Science, or their nominee, and it is not transferable for another purpose, major faculty or University.
d. The Scholarship will be offered subject to the availability of funds.
e. No other amount is payable.
a. To continue receipt of the Scholarship, the recipient must remain enrolled in their eligible course and in WILS2002.
b. Recipients must also satisfactorily complete the 10-week placement at Tibra Capital and all associated requirements that form part of WILS2002.
a. In order to have their application considered, applicants will be required to accept and submit a Scholarship and Placement Privacy Statement which allows the University to share their application with Tibra Capital for the purposes of assessment.
b. In order to undertake the placement and therefore accept this Scholarship, recipients will be required to accept and submit a Non-Disclosure and Assignment of Intellectual Property Deed which forms part of the placement with Tibra Capital.
a. No employment relationship will be created between a Scholarship recipient and Tibra Capital during the placement.
b. The Scholarship and placement also should not be construed as a commitment for any future employment with Tibra Capital.
c. The 10-week placement will commence in December and shall conclude in February.
a. The Scholarship will be terminated if the recipient:
I. withdraws from an eligible course or fails to enrol,
II. fails to enrol in WILS2002 or withdraws prior to the completion of the placement,
III. withdraws from their major in Mathematics, Statistics, Financial Mathematics and Statistics, Data Science, Computer Science, Information Systems and/or Software Development, or does not enrol in further relevant units of study that form part of their major during the tenure of this Scholarship,
IV. commences part-time study without prior approval,
V. does not maintain satisfactory academic performance or meet the requirements of the placement,
VI. is determined by the University to be guilty of serious misconduct, including, but not limited to, having provided false or misleading information as part of their Scholarship application,
VII. does not resume study at the end of a period of approved leave, or
VIII. any other provision as indicated in these terms that would lead to termination.
b. Once the Scholarship has been terminated, it will not be reinstated unless due to University error.
c. Where a student is found guilty of serious misconduct or withdraws from the relevant course, the University reserves the right to request that any Scholarship funds paid to the Scholarship recipient be reimbursed.