UNCF and JP Morgan Wealth Management Launch HBCU 2022
New York, NY, Feb. 14 2022 (GLOBE NEWSWIRE) — The United Negro College Fund (UNCF) and JP Morgan Wealth Management are now accepting applications for the JP Morgan Wealth Management Scholarship Program 2022. The number of historically black colleges and universities eligible (HBCU) has been increased to 17.
Launched in 2021, the program offers scholarships and mentorships to students studying in any major at historically black colleges and universities (HBCUs) to help them start a career as a financial advisor. JP Morgan Wealth Management will award a total of 375 scholarships through 2025.
Students will receive an initial scholarship of $2,000 and have the opportunity to participate in two paid professional summer programs to learn the skills needed to build a career as financial advisors. Students who complete both the Advancing Black Pathways Scholarship Program and the Financial Advisor Development Track Summer Analyst Program will receive an additional $5,000 scholarship in their senior year.
“Many students have never thought of becoming a financial advisor or don’t even know what the job entails. We believe this program can help change that,” said Christopher Thompson, head of diverse talent experience for consumer and community banking at JPMorgan Chase. “Advisors have a unique opportunity to positively impact the lives of their clients and find their work rewarding and fulfilling. We want to raise awareness about this career and pave the way for diverse young professionals in the wealth management industry. »
The JP Morgan Wealth Management Scholarship Program is part of JPMorgan Chase’s $30 billion commitment to advancing racial equity.
“Our mission is critical to so many people across America,” said Maurice E. Jenkins, Jr., executive vice president and chief development officer, UNCF. “JP Morgan’s commitment to our students is a great example of how public companies can make a real difference in the lives of deserving and talented students across the United States. We thank them for investing in us, our students, and our HBCUs, and we look forward to working together to build a better future for all of us.
This year, six new HBCUs were added to the list of participating schools, expanding eligibility to more students across the country.
Eligible schools include:
- Alabama A&M University
- Central State University
- Atlanta Clark University
- Delaware State University
- Florida A&M University
- Howard University
- Morehouse College
- Morgan State University
- North Carolina A&T State University
- Paul Quinn College
- Prairie View A&M University
- South Carolina State University
- Spelman College
- Tennessee State University
- University of Southern Texas
- Wilberforce University
- Winston-Salem State University
Applicants must be full-time sophomores for the 2022-2023 academic year. Students should apply by March 30 at 11:59 p.m. ET by visiting https://scholarships.uncf.org/ToProgram/Jpmorganwealth. The scholarships will be awarded and administered by UNCF.
To learn more about a career at JP Morgan Wealth Management, visit https://careers.jpmorgan.com/global/en/home
For more information on the racial wealth gap in the United States, read: A Look at the Current Racial Wealth Gap in the United States
About JP Morgan Wealth Management
JP Morgan Wealth Management is the US wealth management business of JPMorgan Chase & Co., a leading global financial services firm with assets of $3.7 trillion and operations worldwide. JP Morgan Wealth Management has approximately 5,000 advisers and over $700 billion in assets under supervision. Clients can choose how and where they want to invest. They can do this digitally, remotely, or in person by meeting with a JP Morgan advisor at one of our 4,800 Chase branches in the U.S. or at any of our 21 offices. For more information, visit www.jpmorganwealthmanagement.com and follow @JPMWealth on Twitter.
The United Negro College Fund (UNCF) is the nation’s largest and most effective minority education organization. To serve youth, the community, and the nation, UNCF supports student education and development through scholarships and other programs, supports and strengthens its 37 member colleges and universities, and advocates for the importance minority education and college preparation. Institutions at UNCF and other historically black colleges and universities are highly effective, awarding nearly 20% of African American bachelor’s degrees. UNCF administers more than 400 programs, including scholarships, internships and fellowships, mentoring, summer enrichment, and faculty training and development programs. Today, UNCF supports more than 60,000 students at more than 1,100 colleges and universities across the country. Its logo represents the UNCF torch of leadership in education and its widely recognized brand, “A mind is a terrible thing to waste.”