43 Diversity Recruiting Programs at Investment Banks - The Most Exhaustive List

Diversity recruiting has been the subject of several posts over the last few weeks. Although there are existing WSO posts that try to aggregate opportunity for diverse candidates, this one aims to be an exhaustive list that includes all the introductory programs and formal internship pipelines offered by firms on the street so candidate are aware of these opportunities. As new opportunities continue to be created, I plan to update this list.

diversity investment bank programs

The opportunities are separated into two buckets: introductory programs and internship opportunities.

Introductory programs are 1-3 day programs where candidates are invited to the firm (transportation and lodging expenses covered by the firm) for presentations, workshops, and networking events. Introductory programs are designed to get you in front of professionals and human resources, and, if done properly, they will get you in the pipeline for internship opportunities the following year (in my experience, accelerated interviews have been the result of this). The key here is to dress sharp and make a concerted effort to leave a good impression. Ask questions when the opportunity arises, brush up on the firm / recent news for speaking points, ask for business cards of the people you speak with, and FOLLOW UP (cannot emphasis this part enough). These programs are an opportunity for you to make connections with people that will resources during the recruiting process, so it is imperative that send thank you emails after the events and keep in touch with these people from time-to-time.

The second bucket is internship opportunities. These opportunities are in the format of either:

  • An introduction with a superday attached (e.g. JP Morgan Launching Leaders)
  • a diversity-specific internship application drop and process

Keep in mind, with these programs you can also submit a general summer application as well, so I highly encourage you to double down and submit a diversity program application and a general application where applicable (e.g. Goldman Sachs Insights Day + Goldman Sachs general internship application for sophomores, Credit Suisse America CEO Awards Program + Credit Suisse general application for juniors).

IBank Diversity Scholarship Opportunities

Additionally, some firms offer scholarships as a component of their diversity recruiting efforts, not all scholarships include an interview for internships as part of the process (e.g. Morgan Stanley Richard B. Fisher, Goldman Sachs Scholarship for Excellence), so make sure to submit an internship application in addition to the scholarship application to cover your bases.

Boutique Banks Diversity Programs

Most of these programs are hosted by BB firms, but boutiques are starting to organize similar events. Perella Weinberg has hosted a program for a few recruiting cycles. 2016 is the inaugural year for Lazard's and Evercore's sophomore women's programs. I aim to update this as I come across more programs.

Diversity Recruiting Talent Organizations

Lastly, I included two partner organizations: Sponsors for Educational Opportunity (SEO) and Management Leadership for Tomorrow (MLT). These are two organizations that firms partner with to secure diverse candidates. SEO gets a lot of crap on these forums, but, as with all recruiting, you get very strong candidates and some not so strong ones--you should aim to be a strong one. With SEO you can go through their process and interview with firms, or you can independently secure your own offer and join their program to receive access to their comprehensive training materials / program.

Introductory (Fly-In) Programs:

The Blackstone Group – BX Diverse Leaders Program

  • Description: 2-day program in NYC
  • Eligibility: URM, Sophomore/Junior
  • Deadline: February 15, 2016 (Every Spring)
  • Program Dates: March 10-11, 2016

The Blackstone Group – Future Women Leaders Program

  • Description: 2-day program in NYC
  • Eligibility: Sophomore Women
  • Deadline: March 1, 2016 (Every Spring)
  • Program Dates: April 14-15, 2016

BAML – Elevate Diversity Forum

  • Description: 2-day program in NYC
  • Eligibility: URM, Freshmen/Sophomores
  • Deadline: Sunday, March 27th, 2016 at 11:59pm (Every Spring)
  • Program Dates: Week of May 9, 2016

BAML – Emerging Women's Program

  • Description: 2-day program in NYC
  • Eligibility: Freshman/Sophomore Women (Every Spring)
  • Deadline: Sunday, March 27th, 2016 at 11:59pm
  • Program Dates: Week of May 9, 2016

BAML - Ignite With STEM

  • Description: 2-day program in NYC
  • Eligibility: Freshman/Sophomore STEM majors
  • Deadline: Sunday, March 27th, 2016 at 11:59pm (Every Spring)
  • Program Dates: Week of May 9, 2016

Barclays – Freshman Foundation

  • Description: 1-day program in NYC
  • Eligibility: URM/Female/LGBT/Veteran/Disability
  • Deadline: Spring 2017 (Every Spring)
  • Program Dates: March 4, 2016

Barclays - Sophomore Springboard

  • Description: 1-day program in NYC (includes mentorship program for junior year recruiting)
  • Eligibility: URM/Female
  • Deadline: March 6, 2016 (Every Spring)
  • Program Dates: April 15, 2016 (females), April 16, 2016 (ethnically diverse)

Credit Suisse – BA Explorer Program

  • Description: 2-day program in NYC
  • Eligibility: URM, Freshmen/Sophomores
  • Deadline: April 15, 2016 (Every Spring)
  • Program Dates: May 19-20, 2016

Credit Suisse – Top Talent 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 (Every Spring)

Evercore – Women's Sophomore Symposium

  • Description: 1 day program
  • Eligibility: Sophomore Women
  • Deadline: March 13 (Every Spring)
  • Program Dates: April 8 (Every Spring)

Goldman Sachs – Undergraduate Camp

  • Description: Multi-day programs in NYC
  • Eligibility: URM, Female, freshman
  • Deadline: Every Spring
  • Program Dates: Every Spring

Goldman Sachs – Pride Summit

  • Description: 2 day program in NYC
  • Eligibility: LGBTQ, freshman/sophomore/junior
  • Deadline: October 25 (Every Fall)
  • Program Dates: November 23-24 (Early Fall)

JP Morgan – BA Early Advantage Program

  • Description: 2-day programs in NYC, Dallas, Chicago
  • Eligibility: URM/Female/LGBT/Veteran/Disability, Freshmen/Sophomores
  • Deadline: March 6, 2016 (Every Spring)
  • Program Dates: Varies by location; NYC is late May 2016

Lazard – Sophomore Women's Event

  • Description: 1 day program
  • Eligibility: Sophomore Women
  • Deadline: March 27 (Every Spring)
  • Program Dates: April 8 (Every Spring)

Morgan Stanley – Early Insights Program

  • Description: Various 1-day firm-wide programs in NYC
  • Eligibility: URM/Female/LGBT/Veteran, Freshmen/Sophomores/Juniors (varies by program)
  • Deadline: Varies by program (Winter/Spring)
  • Program Dates: Varies by program

Perella Weinburg Partners – Women's Advisory Prep Program

  • Description: 2-day program in NYC (pipeline for accelerated junior SA position)
  • Eligibility: Sophomore Women
  • Deadline: March 13, 2016 at 11:50pm (Every Spring)
  • Program Dates: April 7-8, 2016

Wells Fargo – (Various Programs)

  • Description: Multi-day programs in NYC/Charlotte
  • Eligibility: URM/Female/LGBT/Veteran/Disability, Freshmen/Sophomores/Juniors
  • Deadline: Varies

Summer Internships - High School Senior

J.P Morgan – 2015 CIB Summer High School Program

  • Description: 3-week summer rotational internship program in NYC
  • Divisions: Sales and Trading and Investment Banking rotations
  • Eligibility: URM, must attend a New York Metro area high school or have a permanent residence in New York Metro area
  • Deadline: spring 2015

J.P Morgan – Smart Starts Scholarship Program

  • Description: 4 year full-tuition scholarship and 4 years of internships (full-time during summers; part-time during school year)
  • Divisions: Sales and Trading, Investment Banking
  • Eligibility: URM, must attend a New York Metro area high school student, attend a participating college
  • Deadline: Every Winter

Summer Internships - Freshman

Morgan Stanley – Freshman Enhancement Program

  • Description: 10-week freshman summer analyst program in NYC
  • Divisions: Sales and Trading, Investment Banking, Global Capital Markets
  • Eligibility: URM
  • Deadline: varies (fall / winter / early spring)

Summer Internships - Sophomore

BAML – GBAM Sophomore Summer Program

  • Description: sophomore summer analyst program
  • Divisions: Investment Banking and Global Capital Markets
  • Eligibility: URM, Women
  • Deadline: Every Fall

BAML – GBAM Sophomore Summer Rotational Program

  • Description: sophomore summer analyst program
  • Divisions: Sales and Trading
  • Eligibility: URM, Women
  • Deadline: Every Fall

BAML – Global Banking & Markets Scholarship of Distinction

  • Description: scholarship of $5,000 for sophomores
  • Divisions: GBAM
  • Eligibility: URM/Women/LGBTQ/Veterans sophomores/juniors
  • Deadline: Every Fall

Barclays – Sophomore Skills

  • Description: 2 day program with interviews for sophomore summer analyst program in NYC
  • Divisions: Sales and Trading, Investment Banking
  • Eligibility: URM, Women, LGBTQ
  • Deadline: November 22, 2015 (Every Fall)
  • Program Date: January 7-8, 2016

Citigroup Diversity – Sophomore Leadership Program

  • Description: sophomore summer analyst rotational program
  • Divisions: Sales and Trading, Investment Banking
  • Eligibility: URM
  • Deadline: Every Fall

Credit Suisse – Steps To Success / Doug Paul Program

  • Description: sophomore summer analyst program in NYC, scholarship of $5,000
  • Divisions: Investment Banking, Sales and Trading, Asset Management, Equity Research
  • Eligibility: URM, Sophomores
  • Deadline: November 2015 (Every Fall)

Deutsche Bank – DB Achieve Program

  • Description: sophomore summer analyst program in NYC (SF as well for IB)
  • Divisions: Investment Banking, Markets, Asset & Wealth Management
  • Eligibility: URM, Women, Sophomores
  • Deadline: November 2015 (Every Fall)

Goldman Sachs – Insights Day, Securities Insight Day, Diverse Abilities Insight Day, LGBTQ Insight Day

  • Description: 2 day program with interview for sophomore/junior SA programs
  • Divisions: IBD, IMD, S&T
  • Eligibility: URM/LBBTQ/Women/Diverse Abilities, sophomore/juniors
  • Deadline: August/September
  • Program Dates: Varies, Early Fall

Goldman Sachs – Summer Analyst Program

  • Description: general summer analyst program
  • Divisions: IBD, S&T
  • Eligibility: URM, women, sophomores
  • Deadline: Every Fall

J.P. Morgan – CIB Launching Leaders Program

  • Description: 2 day program with interview for 10-week sophomore summer analyst program in NYC; $5,00 scholarship (additional $7,500 if you return for junior year, $2,500 if you return full-time)
  • Divisions: IBD, Investor Services, Public Finance, Research, S&T, Treasury Services, Risk
  • Eligibility: URM, sophomore/juniors
  • Deadline: September 30, 2015 (Every Fall)
  • Program Dates: October 29-30, 2015 (Every Fall)

J.P. Morgan – Asset Management BA Launching Leaders

  • Description: 2 day program with interview for 10-week sophomore summer analyst program in NYC, $5,00 scholarship (additional $7,500 if you return for junior year, $2,500 if you return full-time)
  • Divisions: Global Wealth Management, Global Investment Management
  • Eligibility: URM, sophomore/juniors
  • Deadline: October 11, 2015 (Every Fall)
  • Program Dates: November 13, 2015 (Every Fall)

Morgan Stanley – Sophomore Summer Analyst Programs

  • Description: 10-week sophomore summer analyst programs in NYC
  • Divisions: Sales and Trading, Investment Banking, Global Capital Markets, Investment Mgmt.
  • Eligibility: URM, sophomores
  • Deadline: varies (Every Fall)

Morgan Stanley – Richard B. Fisher Scholarship Program

  • Description: Scholarship of up to $15,000; to be considered candidates must fill out summer analyst application in addition to RBF scholarship application)
  • Eligibility: URM
  • Deadline: varies (Every Fall)

UBS – Sophomore Women's Program (CCS)

  • Description: 8-week sophomore summer analyst programs in NYC
  • Divisions: Coverage and Advisory (IBD) and Capital Markets Solution
  • Eligibility: Sophomore Women
  • Deadline: January 3, 2016

Wells Fargo - Sophomore Conferences (Various)

  • Description: conferences in NR that include interviews for summer programs
  • Divisions: various
  • Eligibility: URM, Women, LGBTQ
  • Deadline: Every Fall
  • Program Every Spring

Summer Internships - Junior

BAML – Global Banking & Markets Scholarship of Distinction

  • Description: scholarship of $10,000 for juniors, must complete formal internship application in addition to scholarship application
  • Divisions: GBAM
  • Eligibility: URM/Women/LGBTQ/Veterans, sophomores/juniors
  • Deadline: Every Fall

Barclays – Junior Success Program

  • Description: 2 day program with interview for summer analyst program; opportunity to be considered for $10,000 Inspiring Excellence Scholarship
  • Divisions: Investment Banking, Research, Markets
  • Eligibility: URM/Female/LGBTQ
  • Deadline: Early Fall 2016
  • Program Dates: November 5-6 (Banking), November 3-4 (Markets and Research)

Credit Suisse – Americas CEO Awards Scholarship

  • Description: Summer analyst program, scholarship of up to $10,000
  • Divisions: Asset Management, Equities, Fixed Income, Investment Banking
  • Eligibility: URM, Juniors
  • Deadline: Fall 2016

Goldman Sachs – Insights Day, Securities Insight Day, Diverse Abilities Insight Day, LGBTQ Insight Day

  • Description: Summer analyst program, scholarship of up to $10,000
  • Divisions: Asset Management, Equities, Fixed Income, Investment Banking
  • Eligibility: URM, Juniors
  • Deadline: Fall 2016

J.P. Morgan – CIB Launching Leaders Program

  • Description: 2 day program with interview for 10-week sophomore summer analyst program in NYC; $15,000 scholarship
  • Divisions: IBD, Investor Services, Public Finance, Research, S&T, Treasury Services, Risk
  • Eligibility: URM, sophomore/juniors
  • Deadline: September 30, 2015 (Every Fall)
  • Program Dates: October 29-30, 2015 (Every Fall)

J.P. Morgan – Asset Management BA Launching Leaders

  • Description: 2 day program with interview for 10-week sophomore summer analyst program in NYC, $15,000
  • Divisions: Global Wealth Management, Global Investment Management
  • Eligibility: URM, sophomore/juniors
  • Deadline: October 11, 2015 (Every Fall)
  • Program Dates: November 13, 2015 (Every Fall)

J.P. Morgan – Winning Women Scholarship Program

  • Description: 2 day program with interview for 10-week sophomore summer analyst program in NYC and SF, $15,000
  • Divisions: ALL
  • Eligibility: Junior Women
  • Deadline: September 20, 2015 (Every Fall)
  • Program Dates: November 13, 2015 – SF, November 5-6, 2015 – NYC IBD / Treasury Services, November 19-20, 2015 – NYC Risk / Research / S&T / Public Finance / Investor Services (Every Fall)

Morgan Stanley – Richard B. Fisher Scholarship Program

  • Description: scholarship of up to $15,000, must complete a formal summer analyst application in addition to RBF application
  • Eligibility: URM/LGBT, Sophomores/Juniors
  • Deadline: Fall 2016

Partner Organizations

Sponsors For Educational Opportunity (SEO)

SEO is the premier organization firms partner with in order to order to get diverse candidates into their summer analyst programs. In addition to getting students in front of BB partners, the program providing students with mentorship, technical training, and interview prep. Great resource for students interested in front office roles, but attend a school not heavily represented on the Street. The earlier you join the SEO the more value you gain (e.g. freshman have opportunity to secure sophomore internships through SEO pipeline).

Learn more about SEO on their website.

Management Leadership For Tomorrow (MLT)

MLT is another great organization for underrepresented minorities. Unlike SEO, MLT is Corporate America focused and includes opportunities beyond financial services. I would also recommend joining MLT as early as possible.

Learn more about MLT and apply on their website.

Check Out This Other Relevant List of Diversity Recruiting Programs:
Teller's Comprehensive Guide to Diversity Recruiting

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Comments (43)

Mar 26, 2016 - 10:34am

Excellent list, very nicely compiled and organized. I would like to add that the Barclays programs, as well as Citi, JPM, GS, DB and BAML apply to veterans as well. Some of them are listed up there while others are not, but it is good info to have.

There is also a JPM military veterans program that offers full summer internships for veterans from freshman to junior year, so vets who are freshman have the possibility of a full IBD summer internship. Obviously it is not as widely applicable to the members of this community as these other programs but is still good info to know for the handful of undergrad vets out there that might see this.
+1 SB.

Array
  • 2
Mar 26, 2016 - 3:18pm

Thanks, I will definitely add those as well. I'm not as well versed in the veterans opportunities, but it is a form of diversity so I will dig around and updates this post with those opportunities as well.

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Apr 13, 2016 - 5:52am
fraoz02:

LGBT should not be included on diversity recruitment. Some white kid can just say he is a gay and get into these programs. Also why is sexual orientation even considered during recruitment..?


i've heard that they bring a LGBTQ employee along to the process to make sure you are. Pretty funny if you ask me. Hard to prove the Bisexual one though.
Mar 30, 2016 - 12:41pm

Excellent post - definitely need more people from unconventional backgrounds to be aware of this. There is definitely a disadvantage coming from non-standard backgrounds and hopefully this can help level the playing field.

SB'd

Dec 27, 2016 - 1:11pm
Pranjal-Nandi:

Would Indians be considered a minority group? I don't know why, but Indians are often lumped into the broader category of "Asian".

I am indian myself. We might actually be a minority, but we aren't considered one for any recruiting purposes. It might even be harder for us to get an offer than someone who is caucasian.

EDIT: And its perfectly fair. I haven't checked this in a while, but people of Indian descent have the highest median income in America. The purpose of these programs are to expose historically challenged groups to the world of finance.

Jun 22, 2017 - 4:39pm

dumbmonkey and any others: What is the recruiting process to get into these programs? Is the application sufficient to be accepted into these?

 

 

Sep 3, 2017 - 6:38pm

Do people tend to network with bankers before applying to these programs? (specifically the sophomore diversity internship programs)

 

 

Jan 2, 2018 - 4:52pm

UBS now has the UBS Sophomore Diversity Program - the inaugural program was April 2017. Similar format as other programs:
- 2 day program in NYC
- Divisions: IB, S&T, WMA, AM
- Eligibility: URM Sophomores
- Program Dates: April 2017

Select participants will attend Super Day interviews at the beginning of their recruiting season.

Nov 23, 2018 - 11:14am

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Sep 10, 2019 - 3:57am

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Funniest
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