Mairs & Power Award for Investment Study

Award Overview
Gustavus alumnae Mark Henneman ’83 and Terri Henneman ’83 established the Mairs & Power Award for Investment Study. The Mairs & Power Award will provide scholarships, to one or more senior Gustavus students who are pursuing an education in finance and investment.  The Mairs & Power Award will also support the scholarship recipient through the Charter Financial Analyst Level 1 exam to be taken in June following graduation from Gustavus Adolphus College.

Recognizing the lack of gender diversity among investment professionals, the Hennemans intend for the Mairs & Power Award to inspire and encourage Gustavus students, with an emphasis on women students, to pursue the study of finance and careers in investing. 

The scholarship recipient receives an annual scholarship award of $7,500 per academic year awarded as follows: $2,500 to cover existing financial aid awarded to the student and $5,000 additional scholarship to cover expenses that directly relate to obtaining a Gustavus education.

The scholarship recipient also receives a CFA Exam Scholarship as outlined below.

CFA Exam SponsorshipKaplan logo
In addition, the Mairs & Power Award will provide the recipient the opportunity to pursue and complete the first CFA exam immediately following graduation. 
Sponsorship for the CFA exam includes:

Scholarship payments are sent directly to the student's financial aid office on behalf of the student at the beginning of the fall and spring semesters.

Mark HennemanMairs & Power Award recipients will be paired with Mark Henneman, a CFA charterholder himself, as an alumni mentor for the academic year of receipt.  Mr. Henneman graduated from Gustavus and the Carlson School of Management and currently is Executive Vice President at Mairs & Power. He has had a successful career as a fund manager, including being named the 2012 Domestic-Equity Fund Manager of the Year by Morningstar.  Mr. Henneman will be a personal resource to answer questions about the study of finance and investments, the CFA exams and to offer assistance in pursuit of a career in the investment field.
Learn more about Mr. Henneman
Learn more about Mairs & Power

Award Selection Criteria
The Selection Committee will evaluate each Award Application on the following criteria:   

  1. A cumulative GPA of 3.0 or higher;
  2. The Applicant’s strong interest in finance and investing and desire to pursue the CFA certification;
  3. Active membership in the Gustavus Finance or Investment Club;
  4. For rising Seniors, the student have taken or be enrolled in Business Finance, Managerial Finance and Investments and preferably taken Econometrics or an upper level statistics course. 

For more information, contact Russ Michaletz, visiting Assistant Professor in Economics and Management at or Sheng Yang, Associate Professor in Economics and Management at

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