UNCF (United Negro College Fund) and J.P. Morgan Wealth Management have announced the creation of the J.P. Morgan Wealth Management Scholarship Program for students at select historically Black colleges and universities (HBCUs) interested in a career in financial planning.
The program will provide scholarships and mentorships to students attending one of 11 HBCUs across the United States and will help them develop the skills needed to grow a career as a financial advisor. J.P. Morgan Wealth Management will award 75 scholarships annually over the next five years.
Students receiving the scholarship will have the opportunity to participate in two summer experiences: the Advancing Black Pathways Fellowship Program and the first-of-its-kind J.P. Morgan Wealth Management Service Center Internship. Upon completion of the internship program, students will also be eligible for an additional scholarship to be applied to their senior year.
“We’re committed to supporting diversity, equity and inclusion at J.P. Morgan Wealth Management, and that begins by investing in students early on and creating a path for their long-term career success,” said Christopher Thompson, head of Diverse Advisor Experience at J.P. Morgan Wealth Management. “We look forward to unlocking an enormous talent potential while boosting interest in a career as a financial advisor, which has excellent growth potential.”
The J.P. Morgan Wealth Management Scholarship Program will help strengthen the pipeline of diverse talent for financial planning career pathways in J.P. Morgan Wealth Management and support the firm’s work to help close the racial wealth gap. JPMorgan Chase & Co. has committed $30 billion in five years to advance racial equality.
“Partnerships like this make the path for students of color clearer, helping them achieve goals they might not otherwise be able to attain,” said Dr. Michael L. Lomax, president and CEO, UNCF. “We are thankful for the investment of J.P. Morgan Wealth Management and the company’s strong belief in changing the futures of those who have talent and drive—no matter who they are or where they come from. All HBCUs and their students hope this partnership can be a model of success for others within the corporate giving community.”
The 11 eligible HBCUs include:
- Alabama A&M University
- Central State University
- Clark Atlanta University
- Delaware State University
- Howard University
- North Carolina A&T State University
- Paul Quinn College
- Prairie View A&M University
- South Carolina State University
- Tennessee State University
- Winston-Salem State University
Students should apply before June 24 at 11:59 p.m., EST, by going to UNCF.org/JPMWealthManagementScholarship. Scholarships will be awarded and administered by UNCF.
