Goldman Sachs Invests $2.25M In Black And Latinx Tech Students

Investment banking giant, Goldman Sachs, has taken a massive step toward bridging the racial tech gap by investing $2.25 million in Black and Latinx students. 

By becoming a premier sponsor of the Sponsors for Educational Opportunity (SEO) Tech Developer, the investment company will provide Black and Latinx computer majors with the skills, coaching, and experience needed to become strong candidates in the ever-evolving tech industry. 

“Our goal is to ensure students have the tools they need to land top tech roles upon graduation,” said Julian Johnson, Executive Vice President, SEO. 

“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.”  

The grant, which will support the program’s growth for three years, showcases Goldman Sachs’ efforts to help diversify the tech industry. 

By providing Black students with a customized curriculum to provide them with access to industry professionals, educators and recruiters, this partnership has shown promising results, with more than 85% of its cohort securing internships at companies including Amazon, Meta, Google, and Microsoft. 

“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. 

Kumba Kpakima

Kumba Kpamika is a tech reporter at POCIT. A documentary about the knife crime epidemic in the UK got her a nomination for the UK's #30toWatch Young Journalists of the Year.