Finance

JPMorgan increased the number of Black interns in its Wall Street program by nearly two-thirds

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JPMorgan building in New York.

Scott Mlyn | CNBC

JPMorgan Chase boosted the number of Black and female college students selected for investment bank internships by leaning on technology platforms that help the firm broaden out its campus recruiting efforts, CNBC has learned.

The company said that 18% of its corporate and investment bank summer interns in North America are Black this year, a 64% increase from 2020, when the level was 11%, according to figures provided by New York-based JPMorgan. The bank also said female interns make up 55% of the 2021 class globally, from 50% last year.

The move at JPMorgan could ultimately begin to change the composition of Wall Street, which for decades…



Source cnbc.com

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