Wall Street Bound Seeks To Train Under-Represented Talent For Careers In Finance And Tech
In light of increased activism around social injustices, companies are seeking to do good to their communities and make amends.
It depends Michael D. Campbell, who recently joined the Wall Street Bound (WSB) nonprofit to recruit, train and mentor underrepresented talent for careers in finance.
âI’ve had companies that have said, ‘We can’t just keep recruiting from the same places and think we’re going to do something different.’ “
Read on to learn more about how the WSB is making finance more accessible to ambitious young talent.
First days: In the summer of 2014, Campbell’s son had the opportunity to do a high school internship to Mike Wilkins‘Kingsford Capital Management.
âOur sons played basketball together on the Berkeley High basketball team,â Campbell said. âI asked my son if he could ask Mike if he could come and work for him during the summer.
“And just like that, Mike adopted him.”
Later, speaking with Wilkins’ wife, Campbell said he found out that Wilkins, alongside other leaders in the investment advisory industry, was looking to create a program for ambitious young talent like Campbell’s son.
âI researched it and found out what the industry is like; it is essentially a man and a white. I decided to start and now I’m almost six years old, âhe said of the founding of The Street Smarts (TSS).
Campbell hosted his first batch of five interns in 2017, all graduates, four of whom are now working in the industry.
Photo: Michael Campbell represents Wall Street Bound at the SkyBridge Alternatives (SALT) conference.
Wall Street linked: Years later, the founder and CEO of WSB Prince troy, a former institutional trader with experience at leading companies on Wall Street, contacted Campbell.
The two ended up merging their initiatives with the goal of exposing more students to the skills, social capital and financial industry mentors that make them attractive to employers.
âWhat I really liked about Wall Street Bound was the training aspect of it,â said Campbell, who is now the head of community engagement at Wall Street Bound. “Once they have selected and brought in the students, they start with psychological assessments.”
Afterward, students participate in 50-hour workshops – called Wall Street Bootcamps – where they discuss the basics of market structure, with industry leaders.
âWhen they’re done, they have the option to go to Wall Street Direct – which is 150 hours of very intense learning – and start working on their CFA,â among other programs.
An alternative program offered is the Diverse Trader Training, which lasts for one year and allows participants to manage up to $ 250,000 in actual capital as professional traders. Program participants can keep up to 80% of the profits they generate.
Relationship building: âWe are in the early stages of building a community of mentors, mentees, volunteers and businesses. “
As the New Year dawns, Campbell has 30 seats available for a program that will expose students to major boutique companies.
To fill these seats, WSB goes to the students. “I go to junior colleges – what they call community colleges – and I find the kids where they are and train them.”
Who is qualified: WSB seeks to inspire and train 10,000 young urban dreamers by 2030.
Although the group is focused on helping underrepresented youth, the doors are not closed to anyone.
âIf we ask people about diversity inclusion, I want to be able to say I have it too,â Campbell said. “I know what it’s like to be the only one.”
Photo: Wall Street Bound passionately supports these talents, whoever they are.
Going forward, the WSB seeks to diversify the opportunities to which it exposes students; Campbell is particularly interested in the fusion of finance and technology.
âWe’re going to set up training for them in fintech,â he said with reference to helping students get to grips with the ins and outs of programming languages ââlike Python. âWe have also forged links with companies like Bloomberg. They have an office in San Francisco, and they broadcast there.
To learn more about Wall Street Bound, check out their website, LinkedIn, Twitter, Facebook and Instagram.
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