- Morgan Stanley Advancing Futures program to support 300 ethnically diverse students from low socio-economic backgrounds
- The bank’s vice presidents will offer personal and professional coaching sessions over the next 12 months
Morgan Stanley today announced the launch of the Morgan Stanley Advancing Futures program to accelerate the social mobility of ethnically diverse students from disadvantaged socio-economic backgrounds across London. It is designed to support students, ages 16-18, and help them develop the skills needed to achieve their career ambitions through coaching sessions with Morgan Stanley employees.
Over the next 12 months, Advancing Futures will see 300 Morgan Stanley VPs act as one-on-one coaches and support role models to 300 London-area students – equipping each of them with tools and strategies that can lead to a successful career path of their choice.
“Reducing barriers to entry and addressing inequitable career opportunities for young people in underserved communities is a key priority for us as a company,” said Gabrielle Lyse Brown, Head of Diversity and Inclusion at Morgan Stanley, EMEA. “Morgan Stanley’s Advancing Futures program aims to promote social equity by providing students with a unique path to personal and professional success through a meaningful, long-term support network.”
Morgan Stanley partnered with Arrival Education, an inclusive leadership and talent program consultancy that works closely with diverse and socially mobile communities, to identify the first cohort of students. Students will participate in six workshops, designed and organized by Arrival Education and led by Vice Presidents of Morgan Stanley. Coaches will help students develop key skills to better navigate towards successful academic and professional outcomes, and eventually towards future leadership positions. Individual workshops will cover topics such as building an academic and career path, how to deal with setbacks, and building a professional network.
The program will help participants make meaningful connections with Morgan Stanley employees, who can provide advice and guidance. Morgan Stanley Advancing Futures graduates will become part of the Arrival Education Talent Network, where they can gain support and additional career development opportunities.
“We are delighted to work with Morgan Stanley on such an innovative program,” said Emily Shenton, co-founder of Arrival Education. “The impact of a coaching experience like Advancing Futures on the young talents we work with is so significant – it builds confidence, life skills and hopefully sets them on a career path that they might not have thought possible otherwise. We can’t wait to see the results and hear the success stories.”
The Morgan Stanley Advancing Futures initiative is championed by the bank’s Institute for Inclusion, through its Equity in Education and Career Consortium, a social development partnership funded with an initial commitment of $20 million, aimed at addressing systemic inequalities in education and careers for diverse young adults from low-to-moderate income backgrounds.
The program builds on the bank’s increased efforts to provide financial support, internships and mentorship to students from disadvantaged backgrounds through initiatives such as the Morgan Stanley Future Generation Scholarship and the Morgan Stanley Program HBCU Scholars in the United States.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services company providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the company’s employees serve customers around the world, including businesses, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
About education on arrival
Arrival Education works with UK and global businesses to attract, retain and advance talent from ethnically diverse and low-income backgrounds. They offer inclusive leadership programs for senior corporate executives who want to understand the barriers faced by youth in these communities and implement organizational change accordingly. They often help companies recruit and support talent from these communities. Arrival has also worked with leading UK companies for almost 20 years on social mobility schemes which help young people aged 16-24 from low-income backgrounds to develop the skills, attitudes, knowledge and the networks necessary for their professional and personal success.
Press relations contact: Mercedes Di Talamo: +44 20 7677-5003, [email protected]