Goldman Sachs, this week, announced a new five-year $25 million commitment to Historically Black Colleges and Universities (HBCUs). The commitment is tied to the company’s Market Madness: HBCU Possibilities Program, a four-month training in finance fundamentals for first and second year students.
Students involved in the program will receive in-depth training and insight from Goldman Sachs professionals, which will prepare them for a case study competition, “Market Madness.”
This year, students from Florida A&M University (FAMU), Hampton University, Howard University, Morehouse College, Morgan State University, North Carolina A&T State University, Prairie View A&M University and Spelman College have been invited to participate in the competition.
HBCUs will receive a grant (ranging from $250,000 to $1 million), based on their student team’s performance in the final case competition. Participating students will each receive a $10,000 academic stipend upon completing the program.