Citi and State Street have joined forces to establish a mentoring programme aimed at young female undergraduate students from disadvantaged backgrounds who are keen to pursue a career in business.
The programme, called ‘Momentum’, is a joint venture between Citi and State Street, and had its official launch at State Street’s offices on Wednesday 2nd July. It pairs the female undergraduates with women from each firm who will work with their mentees over the course of 12 weeks on business skills, such as CV writing, interviewing and public speaking. At the end of the programme, both firms will offer two students a paid internship.
The cohort of students were introduced to Citi and State Street by The Brokerage Citylink, a London-based charity that encourages and supports state school students that wish to pursue a career in the City.
Graham Hopgood, Recruitment and Alumni Manager at The Brokerage Citylink commented: “We are really excited about the opportunity for our female undergraduate students to work closely with two of the biggest names in banking and asset management. The young people we work with are all from state school backgrounds and, while they have the academic capability and the raw potential to succeed, they are often held back because they lack a network of encouragement, support and knowledge. Female role models are absolutely invaluable for young women, particularly for those aiming towards a future career in what is a still male-dominated industry.”
Throughout the 12 week program, not only will the female mentors from Citi and State Street work with the students, but in turn, these mentors will be mentored themselves by senior employees from within the partner organisation. The aim is to to both develop the professional skills of the students before entering the business world, while also developing leadership skills amongst Citi and State Street’s highly valued, high potential women.
Carolanne Minashi, EMEA Head of Diversity, Employee Relations and Employee Engagement at Citi commented: “We know from experience that mentoring programmes can have a great impact and contribute to both staff retention and development. We are delighted to be working in partnership with State Street, we have a shared objective when it comes to seeing more women in senior roles within our firms, and encouraging a new generation of women to join the industry.”
Jacinta McNicholas, Head of Corporate Citizenship for State Street in EMEA, commented: “State Street is delighted to part of this innovative mentoring programme with Citi. It provides a great opportunity to help young women build relevant business skills, increase their confidence and support them in their career objectives and aspirations whilst at the same time supporting talent development within State Street. It’s great to be able to combine the resources of our two firms, to positively engage with our local community.”