Intern Conference Supported by Urban Partnership Bank Promotes Diversity in Finance
Black and Latino interns and professionals from across Chicago’s financial industry attended the third annual Summer Intern Career Conference at the Federal Reserve Bank of Chicago organized by the Financial Services Pipeline Initiative. The initiative was co-founded by Urban Partnership Bank to increase the representation of Latinos and African Americans at all levels of Chicago’s financial industry. African-Americans and Latinos make up 38% of the Chicago area population but are only employed in 22% of jobs in Chicago’s financial services industry. Only 5% of executives and senior-level managers are African-American or Latino. The initiative now includes eighteen Chicago-area financial institutions.