Milken Institute Expands Fellowship Program for HBCU Students
Milken Institute Launches 2025 Cohort for HBCU Fellowship
The Milken Institute is thrilled to announce the launch of the application process for the 2025 cohort of its expanded Historically Black Colleges and Universities (HBCU) Fellowship program. This innovative program aims to support underrepresented talent and foster strong connections between academia and the asset management industry.
Accelerated Pathways to Success
Through an intensive eight-week academic curriculum combined with a summer practicum, the fellowship focuses on equipping students with the essential skills needed for successful careers in asset management. The initiative targets students preparing for their sophomore year at HBCUs, providing unmatched professional development opportunities. Participants experience personal growth with tailored mentorship and exclusive networking meetings with industry leaders.
Mentorship and Networking Opportunities
Students involved in the HBCU Fellowship program gain invaluable access to Milken Institute conferences and various public and private events. Such exposure not only helps build confidence but also enables them to connect with influential professionals in the field.
Expanding the Commitment to Diversity
Recently, the Milken Institute celebrated the successful completion of its second cohort. With such success, the fellowship program is shifting from a one-year framework to a long-term commitment with ongoing mentorship. Participants will now benefit from two years of summer practicums, which can lead to full-time job offers in the asset management sector.
Commitment from Industry Leaders
Troy Duffie, the director of financial markets at the Milken Institute, emphasized the importance of this initiative, stating, "The early success of the HBCU program illustrates our dedication to enhancing diversity within the financial services sector. Our aim is to create a more inclusive business environment that motivates students to pursue and retain roles in finance."
With a legacy of producing prominent figures in financial services, HBCUs are crucial resources for discovering quality talent. Nevertheless, the lack of diversity in asset management remains a pressing concern, with women- and diverse-owned firms managing only a small share of the enormous assets in the sector.
The Current State of the Fellowship Program
Since its inception in early 2023, this fellowship program has been a vital part of the Milken Institute's broader goal of nurturing a diverse and inclusive workforce in asset management. The second cohort included 20 students from various HBCUs, while the inaugural cohort comprised 16 students, reflecting the program's growth and impact.
With the ongoing commitment to developing the skills of participants and expanding their industry connections, this fellowship is paving the way for future leaders in finance.
Learn More
For those interested in the HBCU Fellowship program, more details can be found by visiting the Milken Institute's website. This initiative continues to drive positive change and enrich the talent pipeline within the financial sector.
About the Milken Institute
As a nonprofit, nonpartisan think tank, the Milken Institute focuses on fostering measurable progress towards enhancing quality of life through various avenues. The organization emphasizes financial, physical, mental, and environmental health and aims to create effective solutions for today's pressing issues while preparing for future challenges. Further information about their projects and resources can be found on their official website.
Frequently Asked Questions
What is the Milken Institute Fellowship Program?
The Milken Institute Fellowship Program aims to create career pathways for underrepresented students from HBCUs in the asset management industry through academic and professional development.
How long does the fellowship last?
The fellowship now extends over multiple years, providing students with two years of mentorship and summer practicums.
Who can apply for the fellowship?
The program is designed for students entering their sophomore year at HBCUs.
What opportunities does the fellowship provide?
Participants benefit from tailored mentorship, networking with industry leaders, and potential job placements in the asset management sector.
How do you apply for the HBCU Fellowship?
Students can apply through the Milken Institute’s official website during the designated application period.
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