Together, the Equity Collective and Boys & Girls Clubs of America are working to increase career exploration and job readiness skills in Club youth, with a special focus on introducing diverse students to careers in finance.
The Equity Collective, an influential group of 27 asset management firms, partnered with Boys & Girls Clubs of America in 2022 to create awareness, reach motivated youth where they are and demystify financial service career opportunities as it relates to diversity, equity and inclusion (DEI).
Support from The Equity Collective is powering a refresh and reintroduction of Boys & Girls Clubs of America’s job-readiness and career exploration tool, CareerLaunch, with additional resources, information and current DEI standards. In addition to their support of CareerLaunch, each firm will work with a local Club where employees can meet, mentor and work with youth, helping them prepare for a successful career, sharing their own personal workforce journeys and teaching skills like interviewing and networking.
“We are excited to impact the future of our industry in a meaningful way,” says Andy Saperstein, Co-President of Morgan Stanley and Head of Morgan Stanley Wealth Management. “The Equity Collective is committed to investing early in American youth communities, focusing our efforts on increasing the pool of interested children who want to consider a finance career.”
A study by Mercer1 concluded Black and Latino students’ interest in working in finance crystallizes in high school, versus college years for many white students. For that reason, The Equity Collective has established this collaboration to generate awareness and interest in the industry sooner in these young people.
1Mercer “Bridging the Diversity Gap” June 2019
CareerLaunch encourages Club members ages 13 to 18 to assess their skills and interests, explore careers, make sound educational decisions and prepare to join our nation's workforce. Club staff and volunteers help teens build their job-search skills and job readiness by using the CareerLaunch Facilitator Guide and working with teens individually or in small groups. The CareerLaunch page provides Club teens, staff and volunteers with online career exploration, college and job search information and interactive activities. Mentoring, job shadowing and training opportunities round out the program.
The Equity Collective is an industry-leading group of wealth and asset management businesses that have come together to empower and provide educational resources focused on the finance industry for the next generation. It is composed of 27 members, and senior leaders from each organization are participating in education and awareness initiatives over a multi-year commitment that will support Club kids across the nation.
Members include:
Through partnering with Samsung, we expanded access to the DIY STEM program and developed the Climate Superstars Challenge. The DIY STEM program serves as the entry-point for all members' STEM learning experience at Clubs and provides youth exposure to STEM through five modules: Energy and Electricity, Engineering Design, Food Chemistry, Aeronautics and the Science of Sports: Football. Climate Superstars aims to encourage youth to raise awareness about climate change and motivate them to take actions that help protect the environment.
Samsung's partnership enables interactive, hands-on learning while providing students with new perspectives on STEM careers and access to the latest technology. In addition, our partnership with Samsung goes beyond our programs and includes cause marketing initiatives that help promote awareness and drive donations for the organization. Through exclusive access to unique experiences such as the Las Vegas Galaxy Studio pop-up with singer Kelly Rowland and music producer and artist DJ Marshmello and a Winter Wonderland video production featuring YouTube star Casey Neistat, Samsung helps expand their understanding of STEM and encourages them to be the next generation of creators and innovators.
Samsung puts cutting edge technologies in the hands of underserved youth at Clubs across the country who otherwise wouldn't have access. Through state-of-the-art Tween Tech Centers outfitted with the latest technologies, including laptops, tablets, and more, Samsung has helped modernize the learning spaces at Boys & Girls Clubs. Samsung has put cutting-edge technologies in the hands of underserved youth at Clubs across the country who otherwise may not have access. Through state-of-the-art Tween Tech Centers outfitted with tablets, laptops and the latest technologies, Samsung has helped modernize the learning spaces at Boys & Girls Clubs.
The partnership has also equipped our Youth Development Professionals with essential technology and resources to implement the DIY STEM curriculum with fidelity at Clubs across the country and on military installations around the world. BGCA is proud to have Samsung as a partner in STEM education and environmental sustainability.
About Samsung Electronics America, Inc.
Headquartered in Ridgefield Park, N.J., Samsung Electronics America, Inc. (SEA) is a recognized innovative leader in consumer electronics, mobile devices and enterprise solutions. A wholly owned subsidiary of Samsung Electronics Co., Ltd., SEA is pushing beyond the limits of today's technology and providing consumers and organizations with a portfolio of groundbreaking products in appliances, home entertainment, Internet of Things, mobile computing, smartphones, virtual reality, wireless infrastructure and wearables, in addition to offering leading content and services related to mobile payments, 360-degree VR video, customer support and more. Samsung is a pioneering leader in smartphones and HDTVs in the U.S. and one of America's fastest growing home appliance brands. To discover more about Samsung, please visit www.samsung.com. For the latest Samsung news, please visit news.samsung.com/us and follow us @SamsungNewsUS.
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