Stelios Scholarships

About the Scholarship

The Stelios Scholarship was established in 2006 by Sir Stelios Haji-Ioannou through the Stelios Philanthropic Foundation and is given in honour of academic excellence, demonstration of financial need, and promise of continued growth.

Stelios Philanthropic Foundation provides a minimum of four scholarships to the value of £10,000 each to be offset against tuition fees. For 2023 intake, four scholarships worth £10,000 each have been confirmed.

Since 2006, we have had 138 Stelios Scholars with a total donation of over 1.3 million pounds. Current Scholars are also funded by past Scholars from the London reunion, where the funds raised are doubled by the Stelios Philanthropic Foundation.

As a Stelios Scholar, you will have the opportunity to attend various events organised by the Stelios Philanthropic Foundation and enjoy focused interaction with previous Scholars. You are also expected to be an ambassador for Bayes Business School and Stelios Scholars.


Eligible courses: All finance and entrepreneurship related courses.

Geographical requirements: Must be a permanent resident of the EU or UK.

Academic requirements: Must be able to demonstrate academic excellence.

Financial need: Must be able to demonstrate financial need.

Selection process

  • Applications accepted until the deadline.
  • Shortlisted applicants may be contacted for an interview or to supply further information.
  • Deadline: TBC
  • Decisions will be made over the summer, and applicants will be informed of the decision by email.


Please note that in order to be considered for this scholarship you must have accepted, and paid the deposit for, a conditional or unconditional offer on a full-time finance- or entrepreneurship-related master's degree.

About the scholars

Current scholars

Losheni Manokaran, MSc Actuarial Management (2022)

Dionysios Kantzias, MSc Shipping, Trade and Finance (2022)

Carlo Pallestrini, MSc Shipping, Trade and Finance (2022)

Brent Wheeldon, MSc Finance (2022)

Success stories and testimonials

‘I am truly grateful to Sir Stelios and the Bayes Business School (formerly Cass) for an excellent postgraduate education. With the scholarship, aside from being able to do my degree stress free without a loan, I also gained a fantastic network of fellow scholars. During my studies, I met some extremely clever students from different parts of the world and I also got an internship through one of the school's skills sessions that was held by Schroders. After my internship there, I was offered a graduate role, and met some great mentors who helped shape my career as a fixed income fund manager. I now manage a small team at Santander Asset Management, focusing on Euro corporate and flexible bond strategies.’   Divya Manek, MSc Investment Management (2006)

'In reference to life as a Stelios Scholar, I can say that I did not see it as a moment in time when I’ve obtained  Sir Stelios’  vote of trust in my capacity and need to succeed. The entire experience was a carefully crafted and whole rounded journey to maturity, continuing up to this day. The Scholar’s team, part of the Stelios Foundation, and together with Sir Stelios himself, have given me many opportunities to attend regular events including reunions and business brainstorm sessions.  Last but not least, it inspired me into being philanthropy-minded and be a part of the perpetuum mobile of kindness.

As a professional, I focused on quantitative modelling, gaining experience in both energy and banking sectors. I have succeeded in opening my own plc and work as a consulting contractor in the quantitative spectrum, enjoying being involved in a variety of projects.' Camelia-Coralia Marginean, MSc Mathematical Trading and Finance (2013)

As a Stelios Scholar, Andrea earned an MSc in Investment Management with Distinction from the Business School. While at the Bayes Business School (formerly Cass), Andrea starter his career in Investment Banking and advised on a number of private equity acquisitions and financing transactions in Europe and US. To pursue his true passion, Andrea joined Marex Spectron proprietary trading team and in 2014 he co-founded a quantitative research and trading firm which was later acquired by Icon Asset Management AG. Andrea is now a Partner at Icon and serves as a Director. He is also continuing his research effort through a PhD in Applied Mathematics at Imperial College Centre for Complexity Science. Andrea Calandruccio, MSc Investment Management (2008)

About the Donor

Sir Stelios Haji-Ioannou graduated from the Bayes Business School (formerly Cass) with an MSc in Shipping, Trade and Finance in 1988, and shortly embarked on his career in shipping (with Stelmar). Stelios is best known for creating easyJet in 1995 when he was just 28 years old, and thereafter the easy family of brands.

He started giving back to society more than 10 years ago, and now runs the Stelios Philanthropic Foundation which takes up about a third of his time. The mission statement of his Foundation is to support philanthropic activities primarily in places where the founder has lived and worked: the UK, Greece, Cyprus and Monaco. The Foundation gives support in the following main ways:

(1) Funding scholarships for young people to study at the academic institutions where Stelios himself was educated.

(2) Supporting entrepreneurship with cash prizes to stimulate economic growth and job creation. In the UK awards are given, in conjunction with Leonard Cheshire (a UK charity) to entrepreneurs with a disability. In Cyprus, the bi-communal awards are given in order to encourage bi-communal cooperation between Greek-Cypriots and Turkish-Cypriots, and as a way to promote lasting peace on the island. In Greece awards are given to young entrepreneurs.

(3) Supporting and strengthening people with disabilities through the power of sailing and team work, by being a major Sponsor of the Jubilee Sailing Trust.

(4) Donating money to charities in the areas of focus such as supporting environmental projects with WWF and the Prince Albert II of MonacoFoundation, and also helping young people become more resilient and confident by supporting Sea Cadets.

(5) Operating a programme in Greece and Cyprus called “Food from the Heart” that offers, each working day, without discrimination, 25,000 snacks to people in need through 12 distribution points.

Contact us

For more information about the scholarship please contact Kate Hodson, Senior Admissions Officer and Dr Nikos Papapostolou, Stelios Scholarships Programme Lead.

Terms and conditions