Tchaprachikoff Scholar Stancho Stanchev (‘16): “It’s been a great ride”

July 06, 2016

He graduated summa cum laude, won the outstanding achievement award in both his majors, and will continue his education at the prestigious Babson College on a Tchaprachikoff scholarship. Meet Stancho Stanchev, AUBG class of 2016.

Stanchev spent five weeks at Babson College as part of the Summer Entrepreneurship Program (SEP) in 2015 and his rewarding academic and networking experience prompted him to apply for graduate school there. Not only was Stanchev accepted but he was also awarded Babson College’s partial merit-based scholarship and AUBG’s partial Tchaprachikoff Scholarship.

Thanks to the Tchaprachikoff scholarship, “I am going to graduate debt-free and (…) eventually I’d be able to give back to AUBG,” Stanchev, who also studied on a full merit-based America for Bulgaria scholarship at AUBG, said.

The Tchaprachikoff Scholarship fund supports AUBG graduates from Bulgarian descent who have been admitted to a graduate program at one of the top 20 universities in the United States or to any of the top 20 U.S. schools in the respective field of study. Thanks to the posthumous donation of the Bulgarian-American Anna Tchaprachikoff, over the past eight years 28 AUBG students have continued their education in the best universities in the States.

“It is definitely an extremely helpful scholarship in an extremely important period of time for me,” Stanchev said. Before heading to Babson for the school year, Stanchev will be spending the summer of 2016 on a summer business scholars program in the University in Chicago.

Stanchev, who majored in Business Administration and Economics at AUBG, will study Management in Entrepreneurial Leadership at Babson. He chose this program because it involves a lot of consulting projects and will be an opportunity for him to further develop his soft skills and entrepreneurship flair.

The American University in Bulgaria itself was a great soft skills cultivator, Stanchev said. The variety of extracurricular activities at AUBG develop a range of abilities, “from communication skills to time management to event organization to even people management which is something not everyone gets to experience in a university,” he said.

At AUBG, Stanchev was a resident assistant, president of the Asset Trading and Management Club, working student at the Career Center and tutor in Corporate Finance.

Stanchev’s work at the career center gave him the idea for the project that got him selected as one of the 20 students to take part in SEP 2015. “My idea was of a platform where career centers could exchange ideas,” he said, explaining that while the Career Center at AUBG keeps the students informed on various job, internship and program opportunities, on a national scale there are many young people who don’t have easy access to such information.

After his sophomore year, Stanchev interned at Societe Generale Expressbank and shot a video of his experience there that won him the first place in the national contest “The Values of Societe Generale Expressbank.”

“The best part was that on the Job and Internship Fair at AUBG the next year when [Societe Generale Expressbank] came to recruit students, they were using the video as a promotional material,” he said.

In his senior year, together with his classmates Iva Gabrakova (‘16) and Elena Georgieva (‘16) and their mentor and professor Andrey Gurov, Stanchev won Bulgaria’s CFA Research Challenge and represented Bulgaria on the finals in Chicago.

AUBG played an important role in Stanchev’s development and success, he said.

“I just want to say ‘thank you’ to AUBG as a whole and to everyone who has helped me,” Stanchev said. “It’s been a great ride and (…) I am sure eventually I will be looking back to these days with nostalgia and happiness.”

Story by Dimana Doneva

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