Goldman Sachs Asset Management Announces Commitment to Support SEO Technology Developer to Increase Talent Diversity in Tech Industry
NEW YORK, August 22, 2022 /PRNewswire/ — Goldman Sachs Asset Management today announced that it will become a lead sponsor of technology developer SEO (Sponsors for Educational Opportunity), with a commitment of $2.25 million over the next three years. The SEO Tech Developer is SEO’s latest initiative 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 program’s growth over three years and propel the program’s mission to increase diversity in the tech industry. The SEO Tech Developer, which welcomed its first cohort of 62 students in the summer of 2021, is an immersive training program that hones students’ existing technology skills. In partnership with Codio, one of the world’s leading IT curriculum developers, SEO Tech Developer offers students a personalized program centered around 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 over 85% of the inaugural cohort securing summer 2022 internships at companies including Amazon, Meta, Google and Microsoft.
“While tech is a high-growth industry, only 5% of tech employees at major tech companies identify as Black, Latinx, or Native American. We launched SEO Tech Developer to address the lack of preparation students historically face. underrepresented by accelerating the development of the technical and soft skills required for entry-level technician positions in large companies,” explained Julian Johnson, Executive Vice President, SEO. He added, “Our goal is to make sure students have the tools they need to land high-tech jobs after graduation.”
Since its inception in 2021, developer SEO Tech has supported over 130 second-year computer science and engineering students. The program was designed under the guidance of tech industry experts and uses a 12-week approach to teach students key skills in CSS, Flask, API and more, plus a final group project to add to their wallet. With support from Goldman Sachs, SEO Tech Developer will grow to serve 200 students per year by 2024.
“At Goldman Sachs, we firmly believe that a diverse workforce is essential to business success and we are committed to advancing racial equity across all industries,” said Julian Salisbury, Global Co-Head of Goldman Sachs Asset Management and SEO Council Member. “We are proud to support SEO in its mission to strengthen the pipeline of diverse candidates in the technology sector and to effect positive 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.
SEO was founded in 1963 with a mission to create a more equitable society by providing exceptional educational and professional opportunities to talented and motivated young people from underserved and historically excluded communities. For nearly 60 years, SEO has been an innovator in education, mentoring, peer support, delivering excellence, and leveraging diverse networks and communities to transform untapped potential into newfound greatness. Learn more about www.seo-usa.org
About Goldman Sachs Asset Management
Combining traditional and alternative investments, Goldman Sachs Asset Management offers clients around the world a dedicated partnership and a focus on long-term performance. As a primary investment area within Goldman Sachs (NYSE: GS), we provide investment and advisory services to the world’s leading institutions, financial advisors and individuals, leveraging our deeply connected global network and tailored expert insights, across all regions and markets, overseeing more than 2 trillion dollars of assets under surveillance worldwide March 31, 2022. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, lasting results and shared success over time. Follow us on LinkedIn.
SOURCE Sponsors for Educational Opportunity