2011 Corporate Responsibility Report - JPMorgan Chase

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100% of Alliance schools significantly
outperform neighboring schools; in June
2011, 97% of Alliance high school seniors
graduated in 4 years and 86% were
accepted into 4-year universities.
Through the Fund, we provided
$20.6 million in financing for three
Alliance schools. The financing enabled
the purchase and construction of new and
expanded facilities for existing Heritage
College-Ready Academy High School and
College-Ready Middle Academy #4. And
it enabled the new construction of a startup
high school, Academy High School.
These schools will serve a combined 1,150
students at full capacity in low-income
neighborhoods within Greater Los Angeles.
UNIVERSITY COLLABORATION
JPMorgan Chase believes it is critical
for undergraduate students not only to
graduate but also obtain the skills necessary
to succeed in a professional career.
Too few students in the U.S. graduate
from college, and those who do
graduate are not always prepared for
the workforce. Furthermore, fewer U.S.
students are entering STEM (science,
technology, engineering and math)
fields, areas in which it is critical for us
to expand in order to create a high-tech,
innovative workforce.
JPMORGAN CHASE & CO.
To help address this problem, JPMorgan
Chase has collaborated with select
universities to contribute our expertise
and financial resources to provide student
interns with hands-on training in the fields
of finance and technology. We hope that
by leveraging our own expertise in these
areas, we can help inform and inspire
future generations.
Baruch College
In 2011, we launched
a collaboration with
Baruch College of
the City University
of New York, the
largest urban public university in the
U.S. Together, we have developed and
successfully run a pilot of the Baruch
Finance Extended Internship Program.
The program combines a part-time
internship in a JPMorgan Chase finance
department with a course that is cotaught
by one of our senior manager
experts and a professor at Baruch. Each
week one of our managers gives a lesson
on a component of finance (balance
sheet, financial statements, risk, capital,
liquidity, etc.) and the professor provides
relevant course work. Sixteen interns
participated in the pilot, all of whom
received summer internships in 2011, and
over 80% were given full-time offers to
start in the analyst program at JPMorgan
Chase in June 2012.
Syracuse University and the
University of Delaware
2011 represented
the fourth year of
our collaboration
with Syracuse
University (SU)
and the second year
with the University
of Delaware (UD).
Our work with these institutions focuses
on transforming the way technologists are
trained in the classroom and on the job,
and creating a sustainable model for worldclass
university-industry collaboration.
Through ongoing collaboration
with these universities, JPMorgan
Chase developed and implemented a
Global Enterprise Technology (GET)
curriculum that prepares students to
face the challenges of an ever-changing
technology environment. Within the
curriculum, students can minor in GET or
participate in an Immersion Experience
program that combines full-time
internships and distance learning course
work to prepare them for the workforce
and propel them beyond the standard
entry-level role upon graduation.
− As of fall 2011, there have been over
2,000 enrollments in GET courses,
with over 250 students at SU and
UD enrolling in the minor, and 31
students from SU, UD and additional