News Menu
News
View Latest Posts
View Subscriptions
Posting Instructions
Active Bloggers
Bruce Smith
DeVry University class of 1998
Will Moss
Hampton University class of 1995
Tommie Mabry
Jackson State University class of 2020
Zane Curtis-Thomas
University of the District of Columbia class of 2023
Elynor Moss
North Carolina Central University class of 2003
Reggie Culpepper
Clark Atlanta University class of 1998
Ivan Butcher II
class of
Hannah Whittenly
Cal St Univ, Sacramento class of 2010
Above & Beyond: JPMorgan Chase Demonstrates Commitment to College Interns Despite COVID-19 Crisis
Posted By: Will Moss on May 07, 2020

While other companies, from the financial sector to airlines are laying off staff, canceling internships, and retreating behind closed doors, banking giant JPMorgan Chase announced on April 3rd that even though their college internship program will start in early July instead of June, due to the Coronavirus COVID-19 Pandemic, it is going above and beyond its commitments to students, and will pay interns for the original duration of their summer engagement (9 or 10 weeks, depending on the internship) even though the internships will likely be shortened. Additionally, JPMorgan Chase has since announced that it will host a five week virtual internship.

“JPMorgan Chase is determined to make sure our incoming interns have meaningful experiences while doing all we can to protect their health and well-being. We’re honoring our commitment and creating an internship experience that’s engaging, impactful and, most importantly, safe.” said Matt Mitro, JPMorgan Chase’s global head of campus recruiting.

JPMorgan Chase has worked with HBCU CONNECT for years to bring in students from all of the HBCUs to participate in internships and special career and leadership development programs. “We believe that talent is equally distributed but opportunity is not. That’s why we are committed to HBCUs — not just because of their historical importance — but because of their ability to deliver strong talent.” said Jonathan Simon, Head of Student Strategy and HBCU Recruiting for JPMorgan Chase. “For summer 2020, 35% of our black interns are from HBCUs and this percentage is expected to grow.

Keeping the safety and security of interns in mind, JPMorgan Chase said that it was already in the process of communicating with students regarding modified plans for in-person internships, contingent upon safety and security. The bank also issued a “special payment award” to compensate any relocation or travel costs.

“We believe it’s important that students get to know and learn from us as we get to know and learn about them. We want to give each and every student the opportunity to make an informed decision about JPMorgan Chase as a future employer. And while we really hope to do this in person, in case that’s not possible, we’re preparing great alternatives to do so virtually,” said Mitro.

“We look forward to delivering an experience that allows individuals to showcase their talents, get to know our business, and begin to establish a career with JPMorgan Chase.”

Through JPMC’s Advancing Black Pathways (ABP) initiative, the firm recently launched a student financial hardship fund to help HBCU students cover the cost of personal finance emergencies in partnership with the Thurgood Marshall College Fund and United Negro College Fund. Students can access these funds to cover a wide range of expenses — including outstanding tuition balances, apartment deposits, unanticipated car repairs, medical expenses, unpwaid utility bills and short-term food insecurity. They can also use these funds to buy textbooks, or travel home for family-related emergencies.

“We launched this fund because research shows that when black college students have to leave school due to a financial emergency, there is a huge risk that they won’t return and graduate,” said Sekou Kaalund, the Head of Advancing Black Pathways at JPMorgan Chase. “We believe it’s our responsibility to help as many students as possible access the necessary resources to complete their college educations.” We applaud JPMorgan Chase for their obvious commitment to providing the best opportunities and experiences for our HBCU Students.

To learn more about JPMorgan Chase & Co. and employment opportunities, please join the Talent Network.

If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email!
Comments
Please Login To Post Comments...
Email:
Password:

 
More From This Author
Black Panther & Now Bat Woman... Which Super Hero Represents the 'Real HU' - Howard or Hampton University?
Student Who Worked as a Garbage Man to Pay For College Admitted to Harvard Law School
Fivetran Presents: Building a Remote Culture, the Right Way!
2021 Internships and Interview Opportunity with JPMorgan Chase: Deadline is THIS SUNDAY!
HBCU Makes a BOLD Move to Expand and Acquires Another College!
Ever Wonder How Much Money HBCU Presidents Make?
Latest News
COVID-19 CAR BUYING WHILE BLACK -TRICKS OF THE TRADE
This COVID-19 Quarantine lock-down has set the stage in 2020 and beyond for BLACKS to unknowingly allow themselves to get BAMBOOZLED and thrust into long term upside-down Auto Loan Debt by unscrupulou ...more
Bruce Smith • 401 Views • July 11th, 2020
Black Panther & Now Bat Woman... Which Super Hero Represents the 'Real HU' - Howard or Hampton University?
As the country struggles to come to grips with it's role in Black Lives Matter, CW has tapped Javicia Leslie, a Hampton University graduate, to take over the title role of "Batwoman" for its second se ...more
Will Moss • 260 Views • July 10th, 2020
Student Who Worked as a Garbage Man to Pay For College Admitted to Harvard Law School
Rehan Staton, a 24-year old man from Maryland who used to collect garbage to support his studies, has recently graduated from college and is now heading to Harvard Law School despite all the hardships ...more
Will Moss • 103 Views • July 10th, 2020
HBCU Grad Goes From the Streets to a PhD - Paving the Way for Young Black Males to Follow
Dr. Tommie Mabry > Author, Chief Executive Officer, Educator , Professional Speaker Dr. Tommie Mabry grew up in one of Jackson, MS roughest neighborhoods. Trouble followed him everywhere before ...more
Tommie Mabry • 243 Views • July 10th, 2020
Oakwood University: President Pollard's Message to the Oakwood Family
June 15, 2020 Greetings from your Oakwood University! We trust that you are well and safe. Oakwood University continues to operate during this global pandemic in a way that limits the number ...more
Reggie Culpepper • 24 Views • July 9th, 2020
Popular News
Apple to Invest over $40 Million Dollars into HBCUs - Time to major in Computer Science!!!
On Tuesday Johnny C. Taylor, President and CEO of the Thurgood Marshall College Fund stopped by “NewsOne Now” to make a major announcement that could literally change the lives of thousands of HBCU st ...more
Will Moss • 107,874 Views • March 11th, 2015
JPMorgan Chase now accepting applications for summer internships 2020 and full-time employment
JPMorgan Chase has a couple of opportunities that we wanted to share with you for those students who are looking for an internshipthis summer or for those who have recently graduated and are currently ...more
Reggie Culpepper • 43,748 Views • December 30th, 2019
Merck Leadership Development Program for Graduating Seniors - Deadline Friday!
HBCUConnect.com founder Will Moss announced a new partnership between Merck, a global biopharmaceutical company known as MSD outside of the United States and Canada, and HBCUConnect.com, the largest s ...more
Will Moss • 41,755 Views • June 15th, 2016
Top 50 Historically Black Colleges and Universities (HBCU) Rankings
How does your HBCU rank against the other top HBCUs in the country? Check out this recent ranking on HBCUConnect.com! ...more
Reggie Culpepper • 38,018 Views • September 11th, 2014
16 HBCUs make the list of top colleges and universities in the U.S.
Forbes published their list of the top 650 colleges and universities in the U.S. and we have a handful of historically black colleges and universities that made the list. for this list, Forbes looked ...more
Reggie Culpepper • 37,033 Views • July 29th, 2013