City Talent Initiative

City Talent Initiative

The City Talent Initiative (CTI) was launched in 2013 by BRUIN Financial (a subsidiary of The FISER Group) following a challenge from Labour MP, the Rt Hon David Lammy, on the lack of social mobility in the UK.

Specifically, Lammy highlighted the barriers to entry for talented young people who lack access to a vast range of career opportunities, particularly in the City. With little or no vital social capital, through connected friends and family, many of the best and brightest from British society miss out.

City Talet InitiativeCTI Programme Outline

The City Talent Initiative (CTI) is a programme dedicated to supporting high-achieving young people from low-income backgrounds gain entry to leading City firms. On joining the programme, managed by the Social Mobility Foundation (SMF), successful applicants are matched with a mentor working at a sponsoring firm where they undertake a summer internship, who will help them prepare for their internship and also guide them through their University choices and application.

CTI participants are identified through the SMF’s network of school relationships and undertake a detailed application process assessing their interest in a career in the City, as well as their academic performance and socio-economic background, to select the strongest candidates. During their internship, students will gain an insight into the professional world; undertake a range of meaningful tasks to complete and gain an introduction to the different lines of business within their sponsoring firm.

Results to Date:

Today, the CTI has gained cross party support from Mark Field MP (Cons) and Baroness Kramer (Lib Dem) and sponsoring firms include Ernst & Young, JP Morgan, Strutt & Parker, Bank of America, Resource Solutions and RBS.

Over 30 students have in the last year gained experience at these firms through the CTI:

  • Typically, 85% of participants in SMF Programmes in London are from ethnic minorities and over 60% are female.
  • Over 93% of students stated that they would not have been able to get an internship at the organisation they were placed at without the aid of the SMF.
  • 91% of employers say working with the SMF helps them reach talented individuals they do not reach through their traditional recruitment channels.

For more information on partnering with the City Talent Initiative please contact Colin Webster.

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