Partnering with Historically Black Colleges and Universities In 2021, we expanded our partnerships with HBCUs across the U.S., with a focus on deepening our campus and hiring pipeline relationships, as well as supporting student development and financial health programs for long-term student success (see page 37). As one part of this, we launched the J.P. Morgan Wealth Management HBCU Scholarship Program for students interested in the financial planning profession. Students receiving the scholarship will gain access to two summer internship experiences: the Advancing Black Pathways Fellowship Program (see page 37) and the J.P. Morgan Wealth Management Service Center Internship. Upon completion, students will also be eligible for an additional scholarship to be applied to their senior year. Through this program, J.P. Morgan Wealth Management plans to award 75 scholarships annually over the next five years, as well as provide training and licensing support. Additionally, in 2021, J.P. Morgan Wealth Management set a target to hire 300 additional Black and Latino advisors by 2025 through a combination of scholarships, internships, mentoring experiences and internal mobility efforts. EXPERIENCED TALENT Our Firm also continues to focus on broadening the experienced applicant pool for opportunities within our Firm. For example, where appropriate, we are expanding the number of jobs we post for experienced hires in the U.S. that focus on skills rather than educational degrees. We also actively reduce barriers to employment at our Firm for individuals with criminal backgrounds through our Second Chance program (see page 39). 22 Information on EEO race/ethnicity categories, gender, LGBT+, veteran status and disability status is based on self-identification and self-disclosure. Unless otherwise indicated, information on EEO race/ethnicity is presented as a percentage of the respective U.S.-based population who self-identified race/ethnicity and information on gender is presented as a percentage of the respective global population who self-identified gender; information on LGBT+, veteran status and disability status is presented as a percentage of the respective total U.S.-based population. Future Talent Pipeline Programs Our pipeline programs are focused not just on who we might hire today, but also on helping young people develop the skills and experience that will enable them to compete for jobs at our Firm – and others – when they enter the workforce in the future. In 2021, we engaged approximately 7,400 participants through these Future Pipeline programs. These programs offer young people exposure to professions and skills relevant to our Firm, provide broad opportunities for skills development and help students be better prepared for recruiting processes at our Firm and similar ones. In May 2021, we launched a “Girls Who Code Work Prep” program to introduce participants to careers at JPMorgan Chase. Of 50 young women who participated, more than half went on to apply to a 2022 internship at our Firm. We also launched the Think Ahead program in 2021, which offers high school students a chance to experience financial career options at our London office, with a particular focus on recruiting students from a low-income background into the program. 2021 Experienced Talent Hiring Highlights 22 31 INTRODUCTION ENVIRONMENTAL SOCIAL Feature: Our Commitment to Racial Equity Diversity, Equity & Inclusion Human Capital Inclusive Growth GOVERNANCE ESG REPORT APPENDICES Approximately 75% of jobs posted for experienced hires did not require a bachelor’s degree, focusing on skills over educational degrees Over 17,000 U.S. veteran hires since 2011, including more than 1,200 in 2021, 58% of whom self-identified as being ethnically diverse Approximately 10% of our new hires in the U.S. have criminal histories 16% of external hires for technology-focused positions were women, an increase of 5% from 2020 More than 350 participants in our ReEntry program since 2013, which focuses on accomplished career professionals who have taken a voluntary career break for two or more years
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