In this Take 15 episode, Troy Prince, founder of Walls Street Bound, discusses the challenges faced by talented inner city youth competing for positions within investment management. Although diversity and inclusion are a focus of leaders of investment management firms, at the same time it is difficult for talented youth in the inner city to get the attention of investment firms as they pursue employment opportunities. Troy discusses the goals of Wall Street Bound and how his organization is trying to service both young candidates and employers by helping them find each other. Troy discusses what young candidates need to develop to become more competitive and what employers need to consider in order to find the very best candidates in a market that is beginning to place greater value on the diversity of experience, education, culture, and ethnicity in order to find greater diversity of thought. Troy discusses the current status of diversity and inclusion in the investment management industry, how it is evolving, and what it needs to do moving forward to optimize the talent recruitment and retention of underrecruited talent. He also discusses the importance of credentialing as a means to build candidate credibility and the important skill that inner city youth need to be acquiring to become more competitive and to get the attention of hiring managers.
The Take 15 Series is a collection of illuminating, short conversations with noted economists, best-selling authors, leading researchers, and successful practitioners on topics ranging from geopolitics and whistleblowing to irrationality and outlooks.