The United Negro College Fund (UNCF), a non-profit organization headquartered in Washington, D.C., and New York City-based J.P. Morgan Wealth Management have extended to April 14 an application deadline for their 2022 scholarship program, which has been expanded to 17 historically Black colleges and universities (HBCUs), according to a news release.
“Many students have never thought about becoming a financial advisor or even know what the job entails,” Christopher Thompson, head of Diverse Talent Experience for the Consumer and Community Bank at JPMorgan Chase, said in the news release. “We believe this program can help change that. Advisors have a unique opportunity to positively impact the lives of their clients and find their job rewarding and fulfilling. We want to raise awareness around this career and create a path for diverse young professionals into the wealth management industry.”
Launched in 2021, the J.P. Morgan Wealth Management Scholarship Program provides scholarships and mentorships to students studying any major at HBCUs to help them start a career as a financial advisor, which the UNCF will award. Students receive an initial $2,000 scholarship, as well as an additional $5,000 scholarship during their senior year by completing both the Advancing Black Pathways Fellowship Program and the Financial Advisor Development Track Summer Analyst Program. They also have the opportunity to participate in two paid professional summer programs that help them gain the skills to build a career as a financial advisor.
This year, six new HBCUs were added to the list of participant schools, expanding eligibility to more students across the country. The eligible schools include Alabama A&M University; Central State University; Clark Atlanta 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; Texas Southern University; Wilberforce University; and Winston-Salem State University.
Eligible applicants must be full-time college sophomores for the 2022-2023 academic year, and can apply up until April 14th, 2022 at 11:59 p.m. EDT by going to https://scholarships.uncf.org/ToProgram/Jpmorganwealth.
The J.P. Morgan Wealth Management Scholarship Program is part of JPMorgan Chase’s $30 billion commitment to advance racial equity. J.P. Morgan Wealth Management will award a total of 375 scholarships through 2025.
“Our mission is critical to so many across America,” Maurice E. Jenkins, Jr., executive vice president and chief development officer, UNCF, said in the news release. “J.P. Morgan’s commitment to our students is a great example of how public companies can make a real difference in the lives of deserving, talented students across the United States. We thank them for the investment in us, our students and our HBCUs, and look forward to working together to build better futures for us all.”
J.P. Morgan Wealth Management, with more than $700 billion in assets under supervision, is the U.S. wealth management business of JPMorgan Chase & Co., a global financial services firm with assets of $3.7 trillion and operations worldwide.