Aug 16, 2018
Sydney – J.P. Morgan has renewed its partnership with the CareerTrackers Indigenous Internship Program through a new program to encourage Indigenous high school graduates to pursue careers in the high demand science, technology, engineering and mathematics (STEM)-related sectors.
Targeting students before they make career decisions, CareerTrackers will work with high schools across the country to recruit 100 students over the next two years, who will receive pre-employment training and support related to the rigors of STEM university courses and professional internships.
Almost 44% of employers are experiencing difficulty in recruiting STEM-qualified professionals1 and yet of the 1.2% of students enrolled at university who are Indigenous,2 only 9.6% are studying STEM-related degrees.3 This presents an enormous opportunity for Indigenous Australians to pursue careers in a high-demand sector.
Paul Uren, Chief Executive Officer, J.P. Morgan, Australia and New Zealand said, “CareerTrackers is doing outstanding work to help increase university completion rates and labour force participation by Indigenous Australians. We are particularly excited by this new program as it creates a pathway for Indigenous Australians to the high-growth STEM related sectors, where CareerTrackers’ significant employer network is actively seeking talent.
“J.P. Morgan is committed to helping provide underserved communities with the workplace skills and experience that lead to professional careers,” he said.
On average, Indigenous Australians are twice as likely as non-Indigenous students to drop out of university4 and on average take longer to complete their degrees. However, 94% of CareerTrackers interns successfully complete their degrees.5
The CareerTrackers program works with students to provide them with support through university, help them to build their workplace skills and place them in professional internship opportunities.
Michael Combs, Chief Executive Officer, CareerTrackers said, “As the employer demand for STEM skills continues to increase, we have an opportunity to create the new generation of Indigenous leaders in this high-demand sector. By creating a bespoke program that extends the successful CareerTrackers model into high schools and includes formalised mentoring for posses of students, led by industry mentors, learning can be accelerated and careers formed.
“We will also call upon our strong CareerTrackers alumni network who are already working in STEM-related careers to return to their schools and communities and discuss STEM pathways, as well as provide mentorship to new students as they commence their studies and internships,” he said.
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About J.P. Morgan
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
CareerTrackers is a national non-profit organisation that creates internship opportunities for Indigenous university students. Established in 2009, CareerTrackers has supported over 2,000 Indigenous university students through their degree and into professional employment. The program supports pre-professional Indigenous university students and links them with private sector employers to participate in paid multi-year internships. Students perform their internship with a sponsoring company with the aim of converting from intern into full-time employee upon completion of their university degree. CareerTrackers interns work across 108 employers, 20 of whom have made a 10-year commitment to supporting CareerTrackers students across their operations in Australia.
1 The Australian Industry Group, Progressing STEM Skills in Australia, March 2015
Department of Education and Training, 2016 All Students
4 Closing the Gap: Prime Minister’s Report 2017