Howard University Looks to Expand Opportunities in Investment Banking for African Americans

Howard University recently announced that it has received a $10 million gift from HPS Investment Partners and The Kapnick Foundation. The gift will be used to create the HPS Center for Financial Excellence at Howard University School of Business. The center will focus on helping students better prepare for careers in private investment and investment banking.

The new HPS Center for Financial Excellence at Howard University School of Business will serve as a platform for experiential learning, giving students access to the latest technology and relevant software through the expansion and enhancement of a finance lab. The center will also introduce a unique academy for finance students to take advantage of professional development opportunities, internships with HPS Investment Partners, and focused recruitment opportunities with other firms. In addition to the physical space, the gift will support the development of new programs and curricula to teach students the fundamentals of private equity, investment banking, and investment management.

The gift will also establish two endowed scholarship funds to help cover the cost of tuition for undergraduate and graduate business students. The HPS Partners Endowed Scholars program will award annual scholarships to cover the tuition costs of undergraduate business students. The Kapnick Foundation Endowed Scholars program will support graduate students in Howard University’s JD/MBA program by providing tuition assistance for the MBA portion of their degree.

“African-American students have historically been overlooked in recruitment efforts for careers in private investment and investment banking, but many firms are beginning to recognize the need to build a more diverse pipeline and the tangible benefits it has for their businesses,” said Howard University School of Business Dean Anthony Wilbon. “We could not be more grateful to HPS and The Kapnick Foundation for making this tremendous investment in Howard students. This partnership will make a major difference by providing a pathway for Howard students to become leaders in these important sectors of the financial service industry.”

Related Articles

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

Graduate Enrollment Surges at Winston-Salem State University

In fall 2024, Winston-Salem State University enrolled 244 new graduate students, an increase of 31.2 percent from the prior year. The HBCU now enrolls nearly 600 graduate students.

Two Black Women College Presidents Announce Their Retirements

Gilda Barbino, president of Olin College of Engineering, and Soraya Coley, president of Cal Poly, Pomona, have announced their plans to retire at the end of this academic year. Both Dr. Barbino and Dr. Coley are the first woman presidents of their institutions.

Norfolk State University to Construct a $118 Million STEM Facility

As part of an ongoing $90 million fundraising campaign, Norfolk State University has announced plans to establish a 131,000-square-foot STEM building to advance its research capabilities and science academic programming.

Two Black Men Selected for Academic Appointments at Universities

The faculty members with new appointments are Christopher Small at Florida State University and Dwight McBride at Washington University in St. Louis.

Featured Jobs