I'm creating this thread because I think that diversity recruiting is a powerful tool that is very much underutilized. Just about every BB has programs dedicated to diversity initiatives, many of which are targeted toward freshmen/sophomores. Knowing that you missed a deadline is absolutely the worst feeling, so I figured that I could give back to WSO by creating an updated list of every program.
This thread is split up between fly-in programs, internship/scholarship programs, and recruitment organizations. Fly-in programs are essentially 2-day introductions to the firm where you get a chance to network with people across a variety of divisions through presentations, panels, and lunches. The idea of these programs is to provide you with a pipeline to start recruiting early and to have a huge leg-up when the time comes to apply for internships. Note that scholarships amounts are added on top of whatever your SA pay is for the summer.
Some additional notes: Many of these programs span across all divisions. However, due to the nature of general interest on WSO, some may only be geared toward IBD/S&T. Also note that falling under URM means that you are either African American/Black, Hispanic/Latino, and/or Native American.
Please let me know if I'm missing any programs and I'll do my best to add them ASAP!
Fly-In Programs:
BAML Elevate Diversity Forum
- Description: 2-day program in NYC, Chicago, and Dallas
- Eligibility: URM, Freshmen/Sophomores
- Deadline: March 20, 2016
Barclays Freshman Foundation
- Description: 1-day program in NYC
- Eligibility: URM/Female/LGBT/Veteran/Disability
- Deadline: Spring 2017
Barclays Sophomore Springboard
- Description: 1-day program in NYC
- Eligibility: URM/Female
- Deadline: March 6, 2016
Credit Suisse BA Explorer Program
- Description: 2-day program in NYC
- Eligibility: URM, Freshmen/Sophomores
- Deadline: April 15, 2016
Credit Suisse Women's Mentor Programs
- Description: Multi-day programs in NYC, specific programs for IBD, S&T, AM, and Technology
- Eligibility: Female, Sophomores
- Deadline: March 1, 2016
JP Morgan BA Early Advantage
- Description: 2-day programs in NYC, Chicago, and Dallas
- Eligibility: URM/Female/LGBT/Veteran/Disability, Freshmen/Sophomores
- Deadline: March 6, 2016
Morgan Stanley Early Insights
- Description: Various 1-day firm-wide programs in NYC
- Eligibility: URM/Female/LGBT/Veteran, Freshmen/Sophomores/Juniors (varies by program)
- Deadline: Varies by program
wf.com/summer">Wells Fargo (Various Programs)
- Description: Multi-day programs in NYC/Charlotte
- Eligibility: URM/Female/LGBT/Veteran/Disability, Freshmen/Sophomores/Juniors
- Deadline: Varies
Summer Internships
Barclays Junior Success Program
- Description: Summer analyst program
- Eligibility: URM/Female/LGBT/Veteran/Disability, Juniors
- Deadline: Fall 2016
Credit Suisse Doug Paul Scholarship Program
- Description: Summer analyst program, scholarship of up to $15,000
- Eligibility: URM, Sophomores
- Deadline: Fall 2016
Credit Suisse Americas CEO Awards Scholarship
- Description: Summer analyst program, scholarship of up to $15,000
- Eligibility: URM, Juniors
- Deadline: Fall 2016
Deutsche Bank DBachieve Scholarship Program
- Description: Summer analyst program, scholarship of up to $15,000
- Eligibility: URM/Female/LGBT/Veteran/Disabilities, Sophomores
- Deadline: Fall 2016
Goldman Sachs Insight Day
- Description: Summer analyst program
- Eligibility: URM/Female/LGBT, Sophomores/Juniors
- Deadline: Fall 2016
JP Morgan Launching Leaders Scolarship Program
- Description: Summer analyst program, scholarship of up to $15,000
- Eligibility: URM, Sophomores/Juniors
- Deadline: Fall 2016
JP Morgan Winning Women Scholarship Program
- Description: Summer analyst program, scholarship of up to $15,000
- Eligibility: Female, Juniors
- Deadline: Fall 2016
Morgan Stanley Richard B. Fisher Scholarship
- Description: Summer analyst program, scholarship of up to $15,000
- Eligibility: URM/LGBT, Sophomores/Juniors
- Deadline: Fall 2016
Wells Fargo Sophomore Leadership Conference
- Description: Summer analyst program (interviews at conference)
- Eligibility: URM/Female/LGBT/Veteran/Disabilities, Sophomores
- Deadline: Fall 2016
Recruitment Organizations
Sponsors for Educational Opportunity (SEO)
This is a great organization for URMs that will help you tremendously if admitted. If you find them early enough, they'll help you during your freshman year and provide development opportunities to help you get an SA position lined up either in your sophomore or junior year. They partner with most BBs to get your name in front of recruiters and provide additional training 1-2 weeks before your respective BB SA training.
Management Leadership for Tomorrow (MLT)
Another great organization for URMs, but with much less of a focus on Wall Street careers. The partnerships/representation is there, but not nearly as finance-oriented as SEO. MLT is still a great program if you're looking to get your foot in the door to a more diverse set of corporate careers.
Other Organizations
There are a ton of other organizations out there (Ellevate, Jopwell, INROADS, etc.), but I decided not to include these because they are either fee-based or focused on BO roles. As previously mentioned, SEO is definitely the way to go if you're already gung-ho about finance, while MLT would be for those who are a little less certain about which industry they want to ultimately step into after college.
Check Out This Other Relevant List of Diversity Recruiting Programs:
A One Stop Shop For All Things Diversity Recruiting
Thanks for increasing competition
Haha. Literally NO ONE who matters cares if you don't like. You're wasting a lot of your energy with this whole "disliking" thing lol
WSO advices people to use all kinds of tricks and every ball in their court to get the job, but when someone uses race - oooooooh sshooot! We tell people who can't get the job on their own to network with people who went to their school (i.e. people who will give them the interview because of school affiliation or because of other connections, other than just plain merit). If rich white guys and gals use daddy's connections, and fratstars and Asians can use their friend(s) as connections to land interviews, I see no reason why minorities shouldn't use what they have in their corner. When they're on their desks, I don't think fratstars are wondering "did I get the job because of my merit, or because my bro pushed for me??" And I don't think minorities should be worried about that either. No one cares how you get there - just get there and do your job. Considering Hispanic and Black Americans make up a rough estimate of 5% of BB front office roles (trust me, I'm at a BB now, and there really aren't that many minorities around here), it's not like these programs are just letting in all kinds of unqualified people.
OP: MS has a program for juniors, CS has a scholars program for minorities - but it's for sophmores, JPM has Launching Leaders, BarCap has one - most of the BBs have one. Also, check out SEO. Good luck dude
By the way, I'm not opposed to networking, using daddy's friends / connections, or using your own friends to get on the street. Do what you have to do, young monkies. Don't let people who wish they had your advantage deter you from using it, whatever that advantage may be. When you get on the desk, you can just smile and wave: You see me, Hi Hater!