CarMax Auto Finance funds data analytics scholarships at Kennesaw State
Gift targets undergrad and graduate students of applied statistics and data analysis
KENNESAW, Ga. (Aug. 6, 2014) — CarMax Auto Finance has established a two-year scholarship fund for Kennesaw State University students in the increasingly critical fields of data analytics and applied statistics.
The CarMax Auto Finance Analytics Scholarship fund − $50,000 over two years – will provide merit-based scholarships for 12 students enrolled in Kennesaw State’s Master of Applied Statistics program or those seeking an undergraduate minor in Applied Statistics and Data Analysis. The scholarships will be awarded beginning spring 2015.
“Advanced analytics is a field that permeates all aspects of our everyday life,” said Mark Anderson, dean of the College of Science and Mathematics, which houses the graduate and undergraduate analytics programs. “In the connected world that we live in, data is everywhere. Effectively using that data to make our lives better is the goal of analytics. We are excited to have CarMax Auto Finance as a partner in educating our students and opening pathways to opportunities in this critical field for them.”
Kennesaw State currently has 80 graduate students in the Master of Applied Statistics program and 200 undergraduate students minoring in Applied Statistics and Data Analysis. Undergraduates with a minimum 3.0 grade point average and graduate students with a 3.5 minimum GPA are eligible for the scholarships, which can be used for tuition, fees, room and board and other related academic expenses.
“The explosive expansion of computing power has unlocked tremendous data available to business and society,” said Angie Chattin, President of CarMax Auto Finance. “Turning the data into actionable strategies that improve the world in which we live takes talent. We are excited to join Kennesaw State University in supporting students who are applying their talent specifically to the field of data analytics and applied statistics, and look forward to their future contributions.”
The CarMax Auto Finance Scholarship fund also will support a series of “Lunch and Learn” sessions open to all Kennesaw State students and faculty beginning this fall. Starting Sept. 10, CarMax Auto Finance leadership will use these sessions to discuss the company’s use of advanced analytics that have helped more than 2 million customers with vehicle financing needs. These sessions are designed for students in an array of majors – business, finance, accounting, and mathematics – and will allow them to learn about the wide variety of career opportunities with CarMax.
CarMax Auto Finance is located in Kennesaw, Ga., and serves more than 500,000 customers, with a portfolio size of more than $7 billion. Last year, CarMax Auto Finance helped more than 200,000 customers purchase vehicles through CarMax. CarMax has been one of the FORTUNE “100 Best Companies to Work For” for 10 consecutive years.
Kennesaw State University is the third-largest university in Georgia, offering 90 graduate and undergraduate degrees, including doctorates in education, business and nursing and a Ph.D. in international conflict management. A member of the University System of Georgia, Kennesaw State is a comprehensive, residential institution with a growing student population of more than 24,600 from 130 countries.