January 19th, 2021

RBC offering scholarship to help young people join the workforce

By Kalinowski, Tim on January 25, 2020.

Tim Kalinowski

Lethbridge Herald


The Royal Bank of Canada is funding an innovative scholarship opportunity intended to help young people get back to work.

The RBC Future Launch Scholarship Program is accepting applications from young people aged 15-29 years. There is no transcript of marks required to apply, and no need to hold a specific diploma or degree. Applications may also be submitted in any form the young person applying may wish – through personal video, poetry or other forms of multimedia communication – as long as it clearly expresses their need and their hopes for their future in work.

“The intent is to reach out to the most vulnerable youth in Canada regardless of where they are, and give them access to this scholarship opportunity,” said Mark Beckles, RBC senior director of youth strategy and innovation with RBC Corporate Citizenship. “And we think we have done that.”

The $1,500 RBC Future Launch Scholarships can be used to pay for anything an applicant wants as long as it advances their opportunity to gain fulfilling employment.

“The scholarship will cover costs like supplies, or any tools they might need,” explained Beckles. “It will also cover transportation costs, again looking at the needs of vulnerable youth. It is not just funding pure academic achievement, it is enabling their ability to pursue academic achievement.”

Beckles explained further.

“One of the things we learned through our research is that young people have this notion that the word scholarship means it does not include them, or is limited only to academic achievement,” he said. “And there are so many young people across Canada who actually do want to go back to school or pursue courses of learning that will allow them to increase their skills and competitiveness for the world of work. But they see the word scholarship and think, ‘that does not include me.’ So by rethinking our approach to scholarships, and by including some of these pieces like cost for transportation, for supplies and other things, that begins now to level the playing field.”

RBC will spend $500 million over the next 10 years to help prepare young people for the future of work. The RBC Future Launch Scholarship Program will be a part of that campaign. Over the next two years, RBC will be offering 1,000 scholarships. They will fund 450 this year and 550 next year, said Beckles.

“We recognize Canadian youth are facing challenges as they transition from school to work,” he said. “We know education, training, work experience and the right mental well-being supports and services are key to helping young people succeed in life.”

To learn more about the RBC Future Launch Scholarship program, and to find the portal to apply, youth ages 15-29 can visit http://www.rbc.com/scholarships.

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