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Jhanvi Shah Named Winner of 2023 Women in Finance Scholarship
By Helen He | September 28, 2023

I am pleased to announce that Numerix and FINCAD have selected a recipient for the 2023 Women in Finance Scholarship! The winner, Jhanvi Shah, will use her award money to pursue a master's degree in Financial Asset Management at the Schulich School of Business, York University. Jhanvi is excited to be able to make her mark on an industry that has been traditionally male dominated.  

The Women in Finance Scholarship is an initiative aimed at supporting and empowering women pursuing advanced degrees in finance. This scholarship program was started and run by FINCAD in 2014 and continued under Numerix following FINCAD's acquisition in April 2023. With an award of $20,000, Numerix and FINCAD stand committed to providing financial assistance to help one woman each year achieve her educational goals and succeed in the finance industry. We are honored to help accelerate the scholarship recipient’s successful path into a career in finance or the capital markets.  

About this year’s winner... 

A native of India, Jhanvi earned her undergraduate degree in Management Studies with a concentration in Finance from the Narsee Monjee College of Commerce and Economics, as well as a master's in Commerce, majoring in Accountancy and Finance, from the University of Mumbai. In addition to beginning her latest master’s-level coursework this Fall, Jhanvi also obtained a CFA level II certification to enrich her skillset.

Jhanvi_Shah2Though still young and with an impressive educational history under her belt, Jhanvi already has several years' experience in the financial industry. Her most recent role was with Morgan Stanley, where she worked in the Fixed Income department, developing models for analysis and optimal resource utilization and conducting financial performance and momentum analysis.  

Jhanvi describes why she finds the financial industry to be so fascinating, “My interest in the capital markets and risk management arises from the dynamic nature of global financial systems, the need for informed decision-making, and the desire to contribute to financial stability. I am eager to deepen my knowledge, refine my skills, and make a positive impact in these critical areas of the industry.” 

Outside of her career aspirations, Jhanvi’s personal interests include baking assorted cakes, which she got into during the pandemic and has since kept up with, as well as creating personalized gift-wrapping designs. She is very close with her family.  

When asked where Jhanvi hopes to see herself in the next ten years, she stated, “I envision myself as a dynamic financial entrepreneur in India, leading my own firm where I successfully drive growth, while at the same time advocating for diversity and inclusion in the industry.” 

As far as advice that Jhanvi would give other women coming up in her field, she stated, “I would tell other young women interested in a career path like mine to network as much as possible, since the overall number of women working in finance and the capital markets is small, it's important to get connected and learn about different perspectives. Also, I recommend women read as much as possible about the industry, including publications and daily news to develop a deep understanding of the markets.” Jhanvi feels that the scholarship has given her a great opportunity to contribute to an inclusive workforce and to inspire future generations of women in finance. 

Empowering Women in Finance 

Learn more about our Women in Finance scholarship opportunity here. You can read about last year’s winner in our 2022 scholarship announcement blog.  

About the author
Helen He
Helen He
Manager, Financial Engineering | FINCAD

Helen joined FINCAD’s R&D team over 10 years ago. During this time, she has made contributions to FINCAD products through conducting industry research and analysis, as well as putting code directly into the code base.

Helen holds a Master’s of Financial Risk Management degree from Simon Fraser University.