Jp Morgan virtual internship

JPMorgan Chase’s new virtual internship is designed for women who are unable to work.

The program targets women over 25 who have taken time off from their careers, like returning veterans and caretakers of young children or aging relatives.

“We understand that many traditional workplace opportunities are not available right now because of social distancing measures,” Sherry Calkins, executive director at the New Skills at Work initiative at JPMorgan Chase, told Business Insider. “We’re hoping to provide these women with an opportunity to build new skills and confidence to enter the workforce.”

The bank is accepting applications for its virtual internship through mid-May, and will notify applicants by June 1.

It will give them paid experience and a chance at a full-time job offer next year.

JPMorgan Chase & Co. is launching a yearlong paid internship program for women returning to work after taking career breaks in an effort to boost diversity at the largest U.S. bank.

The 12-week internships will take place in 15-week blocks, with two or three weeks off between assignments, JPMorgan said Friday in a statement announcing the initiative. The project began as a pilot program last year and is being expanded to all of JPMorgan’s businesses globally, the New York-based lender said.

“We are working hard to make sure that we have created an inclusive environment where everyone feels welcome and able to perform their best,” Stacey Friedman, general counsel at JPMorgan and head of its Women on the Move initiative, said in the statement. “This program opens up great opportunities for women who may have taken time away from their careers.”

Social distancing has made it difficult for people to find in-person internships.

You may be wondering how COVID-19 has affected the internship landscape. Let’s explore what JP Morgan has to say on that matter. As the site says, “The COVID-19 pandemic has brought new challenges and opportunities to our business and society.”

While not explicitly said here, it’s safe to assume that even in a skills-based program like the one at JP Morgan, social distancing has made it difficult for people to find in-person internships. In such a scenario, it’d make sense for companies like JP Morgan to transform their opportunities into remote offerings.

This is also not the first time JP Morgan has done this; they’ve offered virtual internship programs for years prior. This just happens to be their most recent iteration of such a program.

Investment banks including Morgan Stanley and Goldman Sachs have turned their summer programs online.

You might be wondering: “What is a virtual summer internship?” Well, if you couldn’t tell from the name, it’s exactly that—a summer internship that you can do from the comfort of your own home.

Investment banks including Morgan Stanley and Goldman Sachs have turned their summer programs online. For example, JP Morgan has moved its 2020 Global Investment Bank Summer Analyst Program to an entirely remote experience. This program is designed for students who are completing their sophomore year of college and will consist of online presentations, real-world deal work, networking opportunities via video conference calls and more. Citi has also announced its 2020 Citi Summer Internship Program will be conducted virtually across all divisions worldwide, though they still hope to offer in-person opportunities later this year.

A JPMorgan Chase program aims to give women who are unable to work an opportunity to gain real-world experience despite the coronavirus crisis.

Starting in September, the five-week virtual program will offer participants up to 15 weeks of paid work experience. They’ll be considered for full-time roles with JPMorgan Chase in 2021 as well.

It’s not just about giving these women a job: The program is also designed for women who are unable to work because of the coronavirus pandemic.

“Our goal is to provide individuals who want or need to return to work the opportunity to do so,” said Dana M. Deasy, chief information officer at JPMorgan Chase & Co., in a statement emailed to CNBC Make It. “We know this virtual internship offers an alternative path and we hope it inspires other companies and organizations.”

The bank is launching a virtual internship this summer that offers up to 15 weeks of work with projects across business divisions.

The bank is launching a virtual internship this summer that offers up to 15 weeks of work with projects across business divisions, the company said. It’s part of a pilot program for women who have taken time off from their careers. The bank will pay interns for the hours they work, though it didn’t disclose the rate. Successful candidates will be considered for full-time roles at JPMorgan next year.

In order to be selected for an internship, applicants must have a bachelor’s degree and at least three years of experience in financial services or another professional field before taking time off from their career. Even if you don’t meet those qualifications, you may still be able to get a position in one of the many other internships available at JPMorgan Chase & Co., including its Women on Wall Street initiative and its Women Investing Network program.

Participants will be considered for full-time roles at the firm next year.

To qualify for the program, you must be a rising senior at an accredited U.S. college or university, majoring in Computer Science, Engineering or Math and be currently enrolled in a virtual or online course.

The virtual internship will run from June to September with 15 weeks of programming. As part of the application process, students are required to submit a resume, complete an assessment to determine if they are qualified for the program and complete an application that includes answers to personal questions such as why they want to work at JP Morgan Chase & Co., their short-term career goals and their long-term career aspirations.

Participants will get paid while they gain experience across various lines of business at JP Morgan Chase & Co. Thanks to this program, participants will also get a chance at a full time job offer starting next year.

The program targets women over 25 who have taken time off from their careers, like returning veterans and caretakers of young children or aging relatives.

The OnRamp Fellowship program is for women who have taken a career break for two or more years. Individuals who are eligible to apply include those who:

• Have taken time off from their careers to raise children, provide care for sick family members, or are transitioning back into the workforce after serving in the military;
• Are looking to return to a professional workplace, such as an investment bank, but do not feel qualified or prepared; and
• Hold four-year degrees from accredited United States universities.

This six-week program is designed by women professionals at JPMorgan Chase & Co., including company executives, specifically for women in need of assistance on their path back into the workforce. It offers both technical training and soft-skills workshops that can help individuals adjust to working again after taking an extended leave from their jobs.

Participants will be trained on specific skills needed by JPMorgan Chase & Co., including programming languages Java and SQL as well as data manipulation tools like Excel and Tableau. In addition to these technical skills, participants will also learn how to interview effectively and rebrand themselves professionally. The soft skills training ensures that participants feel confident applying for jobs with companies like JP Morgan when they have completed the OnRamp Fellowship program.

“We understand that many traditional workplace opportunities are not available right now because of social distancing measures,” Charles Scharf, CEO of JP Morgan, said in a statement Monday. “But while the current pandemic has created many challenges, it also provides us with opportunities to find new ways to give back.”

In a statement, Charles Scharf, the CEO of JP Morgan Chase, said “We understand that many traditional workplace opportunities are not available right now because of social distancing measures. But while the current pandemic has created many challenges, it also provides us with opportunities to find new ways to give back.”

The initiative aims to provide an experience in the financial services industry to women in particular who would benefit from that opportunity. As working from home becomes more normalized, JP Morgan hopes to emphasize the importance of experience gained from socializing and collaborating with colleagues in person.

“This program is an example of how we can create meaningful experiences for young people interested in a career in finance,” said Marianne Lake, chief financial officer for JPMorgan Chase & Co., and chair of Women on the Move — an employee resource group focused on advancing women at JPMorgan Chase. “Women account for just over half our workforce and nearly 40 percent of our leaders globally — yet we know there’s more work to be done when it comes to advancing women.”

JP Morgan is offering a virtual internship for women who may not be able to seek traditional in-person experiences.

The firm is offering a virtual internship for women who may not be able to seek traditional in-person experiences. JP Morgan’s Women on the Move initiative will offer a 15-week virtual experience to women, who could include returning military veterans and caregivers.

The virtual internship, which launched yesterday and will run through mid-August, will offer participants projects across the bank’s businesses, giving them the opportunity to work with professionals within their chosen division. The program is being offered in parallel to the firm’s regular undergraduate summer program, but participants are also eligible for full-time roles next year that would allow them to continue working remotely.

“JP Morgan has long believed that diversity of thought leads to better outcomes and we are committed to cultivating an environment where women can thrive,” said Tracy Britt Cool, chair of Women on the Move at JP Morgan Chase. “This immersive experience aims to provide alternative career paths for women over 25 years old who want to rejoin or advance their careers.”