Morgan Stanley's Equality Education Initiative

The video discusses the progress made by Morgan Stanley in increasing diversity, highlighting the structural issues that hinder access to opportunities. It emphasizes the roles of both government and private sectors in addressing racial inequality. The video also details initiatives like the Equity in Education and Career Consortium and HBCU scholarship program aimed at supporting young adults in education and career readiness. It further explores barriers such as unpaid internships and the importance of providing paid opportunities to diverse young adults.

What progress has Morgan Stanley made in terms of diversity in their Managing Director class?

• Half of the class are women and ethnically diverse.

• A third of the class are women and almost a third are ethnically diverse.

• None of the class are ethnically diverse.

• All of the class are from nontraditional backgrounds.

What percentage of funds is being targeted towards job readiness and education for young adults from low-income backgrounds?

• 1%

• Less than 1%

• 5%

• 10%

What is the main focus of the Equity in Education and Career Consortium?

• Providing scholarships to all students.

• Supporting young adults through high school and college with exposure to career opportunities.

• Offering free online courses.

• Building new educational institutions.

What is a significant barrier to education mentioned in the transcript?

• Overcrowded classrooms.

• Lack of interest in education.

• High cost of education and unpaid internships.

• Limited access to technology.

How does Morgan Stanley ensure diversity in their internship programs?

• By offering unpaid internships.

• By hiring only from top universities.

• By focusing only on technology roles.

• By ensuring a high percentage of diverse young adults in paid internships.