Goldman Sachs Asset Management Announces Commitment to Support SEO Tech Developer to Increase Diverse Talent Within the Tech Industry

Rhea-AI Summary

Goldman Sachs Asset Management has announced a $2.25 million sponsorship for the SEO Tech Developer program over the next three years. This initiative aims to equip Black, Latinx, and Native American computer science students with essential skills for the tech industry. Since its inception, the program has aided over 130 students, with 85% of its first cohort securing internships at major companies like Amazon and Google. By 2024, the program aims to support 200 students annually, emphasizing the importance of a diverse workforce for driving innovation and growth.

Positive

• Goldman Sachs commits $2.25 million to SEO Tech Developer, enhancing support for diversity in tech.
• Program helped over 130 students, with 85% of the first cohort attaining internships at top tech companies.
• SEO Tech Developer aims to expand its reach to 200 students annually by 2024.

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• None.

NEW YORK, Aug. 22, 2022 /PRNewswire/ -- Goldman Sachs Asset Management today announced that it will become a premier sponsor of the SEO (Sponsors for Educational Opportunity) Tech Developer, with a commitment of $2.25 million over the next three years. The SEO Tech Developer is SEO's latest initiative aimed to provide Black, Latinx, and Native American undergraduate computer science majors with the skills, coaching, and experience needed to be competitive candidates in the growing tech industry.

The grant will support the growth of the program over three years and propel the program's mission to increase diversity in the tech industry. The SEO Tech Developer, which hosted its first cohort of 62 students in Summer 2021, is an immersive training program that hones students' existing tech skills. In partnership with Codio, a leading global developer of computer science curricula, SEO Tech Developer offers students a customized curriculum centered on a team-based project approach. The program provides access to sustained exposure to industry professionals, educators, and recruiters. Since its launch, the program has shown promising results with more than 85% of the inaugural cohort securing internships for Summer 2022at companies including Amazon, Meta, Google, and Microsoft.

"While Tech is a high-growth industry, only 5% of tech employees at leading tech firms identify as Black, Latinx, or Native American. We launched SEO Tech Developer to address the preparation gap facing historically underrepresented students by speeding the development of the technical and soft skills required for entry-level tech roles at leading companies," explained Julian Johnson, Executive Vice President, SEO. He added, "Our goal is to ensure students have the tools they need to land top tech roles upon graduation."

Since its inception in 2021, the SEO Tech Developer has supported over 130+ sophomore computer science and engineering majors. The program was designed under the guidance of tech industry experts and uses a 12-week approach to teach students key skills across CSS, Flask, API's and more in addition to a final group project to add to their portfolio. With support from Goldman Sachs, SEO Tech Developer will grow to serve 200 students annually by 2024.

"At Goldman Sachs, we strongly believe that a diverse workforce is critical for business success and are committed to advancing racial equity across industries," said Julian Salisbury, global co-head of Goldman Sachs Asset Management and SEO board member. "We are proud to support SEO in its mission to strengthen the pipeline of diverse candidates in the tech sector and positively enact change in a way that drives innovation and growth in the global economy."

For more information about SEO Tech Developer, visit https://seo-usa.org/tech.

About SEO

SEO was founded in 1963 with a mission to create a more equitable society by providing exceptional educational and career opportunities to talented and motivated young people from underserved and historically excluded communities. For almost 60 years, SEO has been an innovator in education, mentorship, peer-to-peer support, the delivery of excellence, and the leveraging of diverse networks and communities to turn untapped potential into newfound greatness. Learn more at www.seo-usa.org

About Goldman Sachs Asset Management

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world's leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2022. Driven by a passion for our clients' performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Follow us on LinkedIn.

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SOURCE Sponsors for Educational Opportunity