Finance firms have pledged to improve diversity. Meet 3 groups helping the industry hire tens of thousands of underrepresented young people.
Summary List Placement The financial-services industry has a reputation for lacking diversity that it''s trying to improve. Following the death of George Floyd last summer and subsequent global protests, financial-services companies, like many of their corporate peers, launched initiatives to diversify their workforces and pledged support to underrepresented communities. A year later, firms from asset managers to private-equity investors are still racing to show they''re serious about broadening opportunities for minorities and women seeking to work in the financial-services industry. Insider spoke with the people behind three organizations helping drive change at some of the biggest companies in the industry, from private-equity megafunds such as Apollo and Ares to banking powerhouses such as Credit Suisse and Wells Fargo. Together, these groups are deploying millions of dollars to hire tens of thousands of diverse students into finance roles. Here''s how they''ve grown over the past year and what their plans are for changing the face of finance.
Finance firms have pledged to improve diversity. Meet 3 groups helping the industry hire tens of thousands of underrepresented young people.
Summary List Placement The financial-services industry has a reputation for lacking diversity that it''s trying to improve. Following the death of George Floyd last summer and subsequent global protests, financial-services companies, like many of their corporate peers, launched initiatives to diversify their workforces and pledged support to underrepresented communities. A year later, firms from asset managers to private-equity investors are still racing to show they''re serious about broadening opportunities for minorities and women seeking to work in the financial-services industry. Insider spoke with the people behind three organizations helping drive change at some of the biggest companies in the industry, from private-equity megafunds such as Apollo and Ares to banking powerhouses such as Credit Suisse and Wells Fargo. Together, these groups are deploying millions of dollars to hire tens of thousands of diverse students into finance roles. Here''s how they''ve grown over the past year and what their plans are for changing the face of finance.