Career Development

A New Frontier in Diversity & Inclusion: Non-target University Graduates Role in Increasing Cognitive Diversity

Thursday, April 16 | 6:00 PM - 9:00 PM

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According to Wall Street Oasis, a college is considered a target when a large number of Wall Street firms conduct on-campus recruiting (“OCR”) for “front office” positions. A college’s status as a target may vary slightly from industry to industry, firm to firm, and region to region. Ultimately, however, a school’s status as a target depends on its relationships with employers and the number of students that get hired each year. The target schools are generally considered to consist of Ivy League schools, top liberal arts colleges (LACs), MIT, University of Michigan, Stanford, Georgetown, University of California – Berkeley, and the University of Chicago. Each of these schools has a large number of Wall Street firms recruiting on campus every year. Semi-target schools are schools where there are a more limited number of Wall Street firms recruiting consistently, the firms recruit for back and middle office positions, or some combination of the two. A non-target is a school where few firms (or not even one firm) recruits for back or middle office positions. Students coming from a non-target school have to put in considerable time and effort to earn a first round interview with a firm. A “super” non-target is meant to imply a school that has minimal chance of helping a student land a job on Wall Street. These schools include community colleges, for-profit schools, and technical schools.

Over 75 percent of US undergrads attend either state or municipal universities, but yet the finance industry recruits almost exclusively from a select few “target” colleges. In the spirit of increasing socio-economic and cognitive diversity and inclusion in our industry, this event will feature a keynote address from a non-target college graduate, Stephen Horan, Ph.D., CFA, CIPM, CAIA, Managing Director, Americas region at CFA Institute. Dr. Horan will be speaking about how the CFA program serves as a great equalizer for non-target college graduates to build their careers in our industry. Dr. Horan’s keynote address will be followed by a distinguished Keynote Fire Side Chat speaking about the diverse student body of the City University of New York (CUNY) and the difficulties CUNY students have breaking into the industry. The Keynote Fire Side Chat will be followed by a panel featuring a group of successful non-target college alumni sharing their views about how the cognitive diversity they bring to their firms has made a positive impact.





Dennis Alvarado, Managing Director, Human Resources Business Partner at Nuveen Investments

Solange Charas. Ph.D., CEO, Charas Consulting, FOunder, HCMoneyball



Additional Details

Learning Outcomes

  • Learn about the difficulties non-target college students face in securing employment and how you could be an ally
  • Learn about the cognitive diversity benefits non-target college graduates bring to our industry
  • Learn about how the importance of raising awareness around this key diversity and inclusion issue and become part of the movement to incorporate cognitive diversity into the mainstream D&I conversation