The Investment Association (IA) has launched an initiative to attract young talent from diverse backgrounds into the asset management industry.
Launched as part of the trade body's Investment20/20 diversity strategy, Think Investments will see the IA and the charity Career Ready offer 65 state-educated students interactive masterclasses designed to help them apply for jobs and trainee roles at asset management firms.
Hosted by BNY Mellon, Jupiter Asset Management, LGIM, Rothschild, Schroders, and Barings, the Think Investment masterclasses will take place over the next six months and are designed to help the students hone their application and interview skills.
The masterclasses will cover topics such as success at interviews and assessment centres, effective communication and networking, and will culminate in a one-day work-shadowing placement for every student.
December's masterclass, hosted by Jupiter Asset Management, will provide an introduction to asset management.
The first cohort of students are taken from schools and colleges in and around London, with a third female and over half from black, Asian, and minority ethnic (BAME) backgrounds.
CEO of the Investment Association Chris Cummings said: "I want asset management to be a career option open to everyone with potential regardless of their background, yet I know that applying for your first job can be a daunting process.
"We need to enable young people, especially those who are furthest from our industry, to overcome the first hurdle of entering the world of work by providing them with the necessary skills to succeed during the application process."
Karis Stander, managing director of Investment20/20 added: "We are spreading our net further than ever before to reach those young people who have the ability to the flourish in the asset management industry, but who may have never considered a job in financial services.
"Providing students with the skills to navigate the application and interview process is key to opening up the talent pipeline and ensuring that the asset management industry reflects the diverse background of the savers that we serve."
Headed up by Penny Kyle
Ex-Standard life manager Angela Burns
Latest news and analysis
Talking Strategies: The number of companies in Asia with higher payout ratios have grown since the mid-1990s, but some investors remain wary of searching for income in Asia and Japan. In this video, Jupiter's Jason Pidcock and Dan Carter explain why this...