Program offers capital markets training to young adults
Enrollment expected to double after successful pilot program
7city Learning, a global financial services training company, announced today a partnership with Year Up, an intensive training program that provides urban young adults with a unique combination of technical and professional skills, college credits, an educational stipend and corporate internship, after a successful pilot program.
7city, which has been providing training to the New York financial community since 2005, has long believed in the need for the general public to be better educated in finance. Following the onset of the recession, the company began looking for ways to utilize their expertise to bring financial education to those who have not traditionally had easy access to it. When Year Up approached 7city regarding a partnership that would give young adults training in Investment Operations, 7city eagerly accepted the challenge, and the two organizations embarked on a pilot program in October 2009. Following the pilot's successful completion in January 2010, 7city and Year Up extended the partnership and plan to continue to offer the program through 2010.
The Investment Operations program is designed to give urban young adults the skills and tools necessary for a career in finance. The program's curriculum includes an overview of the capital markets and covers topics that range from professional skills to business communications to technology. The curriculum also addresses such topical issues as the settlement process, accounting analysis, and risk and reward. The program also gives students the chance to participate in simulations like mock job interviews, which help students develop the tools necessary to compete successfully on the job market.
Brett Smiley, Client Relationship Manager at 7city Learning, commented, "At 7city, we believe that better financial education is a crucial part of preventing future economic crises. We were looking for a way to broaden our engagement in educating the community around us when Year Up approached us about developing a partnership. We see this as an exciting opportunity to empower young adults." He continued, "This partnership is an excellent chance for us to align our financial education expertise with a real need in the community, and we look forward to working together to help the program to grow."
Melissa Cantave, Academic Manager at Year Up, said, "7city Learning has proved to be an exciting and dynamic partner for us. Many urban young adults would like to be active in the economic mainstream, but they rarely, if ever, have access to the quality training that 7city and Year Up are providing. We are excited to move forward together to develop and expand the program."
The 7city Learning / Year Up Investment Operations will be offered two to three times per year, and the next set of classes is scheduled to run from April to June 2010. The program runs for 14 weeks, and enrollment in the next offering of the course is expected to double. Classes are held at the offices of Year Up and 7city, as well as at financial institutions across New York City.