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Bloomberg on developing a talent pipeline

Category: apprenticeships

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Remember having to pick what you wanted to study at university? The agonising choice that could influence what job you may be best fit for, before you’ve even decided on a path?

London students who are unsure about enrolling in university studies or want to go straight into work now have the option to join Bloomberg’s London Apprenticeship Program. This new initiative provides UK students from diverse backgrounds a paid one-year placement to work in our Bloomberg London office.

Hannah Jennings, on the Bloomberg EMEA campus recruiting team, is spearheading the program by building a talent pipeline of young employees – even younger than university graduates.

“There has been a shift in the way students engage with prospective employers,” says Hannah. “The conventional model of graduate recruitment now has a new element to it: early engagement. Students are seeking alternative ways to engage with employers to build up suitable skills and work experience.” That means meeting employers at increasingly younger ages.

Hannah herself joined Bloomberg as an intern, so she is keen on reaching youth to help them shape their professional and personal development, and ensure they have meaningful experiences with Bloomberg.

The Apprentice Program’s first year was highly successful – placing five students in Bloomberg London at the beginning of this year, one of whom received a full-time employment offer with Bloomberg and four enrolled in university after their apprenticeship.

“University campuses are inundated with recruiters looking to scoop up fresh graduates.” Hannah says. “And, seeking out students before they enter university is an innovative subversion of the traditional campus recruiting effort.”

Why it Works for Bloomberg

“The aim is twofold,” says Hannah, who partners with the Bloomberg philanthropy team on the program. “It’s a recruitment initiative for Bloomberg to develop relationships with diverse students from different backgrounds and experiences, while helping to address youth employability and socio-economic segregation in London.”

Bloomberg works with Step Forward for reaching UK students and facilitating apprenticeship applicants.  In addition, the program supports Bloomberg’s commitment to diversity and inclusion, with 75 percent of last year’s apprenticeship applicants identifying as minorities.

“As a global organization, we are always thinking about how we can bring new talent and diverse perspectives into Bloomberg,” Hannah says. “It’s about getting ahead of the game and being innovative in the way we attract future talent.”

A Win for Students

Adding young, diverse and energetic employees isn’t just beneficial to Bloomberg. It’s a win for the students too. The apprenticeship gives young people exposure to the workforce, helping them build their professional networks and gain a direct pathway to potential full-time employment or guidance on what to study in university.

Cameron Macnamara is a prime example of what Bloomberg was looking for in apprentices. He was placed on the Commodities Quality Assurance team in Bloomberg’s London Global Data department, looking at ways to rank brokers by the accuracy of their pricing forecasts.

“I chose to do an apprenticeship as I was unsure of what I wanted to study” Cameron says. “But I knew that if I wanted a meaningful career, I would need meaningful work experience first.”

With no prior experience in a technical role, he caught on quickly.

“It has been incredibly easy to settle in. The atmosphere at Bloomberg is warm and welcoming,” Cameron says. “Having a mentor within Bloomberg has been extremely helpful. They created opportunities for me to meet people and get involved with new projects.”

Setting Bloomberg Apart

Cameron’s experience in the London Apprenticeship Program yielded the result recruiting hoped it would.

“The benefits of an apprenticeship are huge,” says Cameron. “It gives you the opportunity to work for a company like Bloomberg without a university degree and build your network early. For me, I had the chance to continue my studies at a community college while gaining work experience in finance alongside university graduates.”

Bloomberg’s London Apprenticeship Program is expected to grow in the coming years, with an appetite to place more high-achieving students from London across the company.

Learn more about the Apprenticeship Program and meet the five motivated and enthusiastic students of our first cohort, here.

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VERCIDA works with over one hundred clients who are committed to creating an inclusive work environment. If you are an employer and interested in working with VERCIDA to promote your diversity and inclusion initiatives and attract the best candidates, please email info@vercida.com for more information.

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Bloomberg

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  • Race/Ethnic Minority Initiatives
  • Disability Initiatives (Physical/Mobility)
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