For eight years The Brokerage have been working with Newton Investment Management to place young people onto their vocational trainee scheme, which was developed to place bright yet disadvantaged A level students into the company, providing the opportunity to work at a global investment management firm whilst continuing their higher education. Newton Investment Management has nearly 400 employees across their London office and are committed to the development of an open and inclusive culture and the attraction of new and diverse talent.
The vocational trainee programme runs for three and a half years, and provides candidates with the opportunity to work at Newton while studying towards an HND in Business (accounting & finance) for the first two years, followed by further studies towards a BA hons degree in Business Studies – all fully funded by Newton. In 2020 over 20 young people have been part of the programme and this year Newton has confirmed they will be placing four talented Brokerage candidates onto their vocational trainee scheme starting in September, plus one onto an identical scheme run by their parent BNY Mellon.
Trainees are also fully supported along the way working closely with their line manager, team members and Programme Coordinators to create an environment where the trainees feel included and comfortable as part of the team. This includes a detailed onboarding process, a mentor, ample time to study and access to the Programme Co-ordinator as an independent support, in addition to line management support. Trainees also have close links with colleagues who are also in the programme and those who have already graduated.
A graduate of the programme, now a Lead Financial Analyst sums it up:
‘The programme helps bridge the gap between the City and those from low income backgrounds – my mother worked in the care sector, my father in security so neither of them had any experience of working in the City. This programme provided that opportunity and helped show me the options available and what I was capable of. I have gained incredible experience and progressed rapidly in a genuinely inclusive environment, and don’t believe I would have achieved this if I wasn’t part of this programme.’
Newton is also incredibly positive about the impact of the programme, as Chief Operating Officer at Newton, Andrew Downs, explains: “The vocational trainee programme enables us to recruit smart, competent young people into starter positions here at Newton. Not only are they extremely well-motivated and hardworking, their age and educational backgrounds bring great diversity of thought into the firm. The high retention rate means that these individuals continue to benefit our business, both in their day-to-day work and in supporting other trainees through the programme.”
Hear more about life on the programme: