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 NYCand 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