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What the Women in Finance Fellowship offers

The Women in Finance Fellowship offers women the opportunity to learn first-hand the ins and outs of financial career paths.

Women in Finance Fellows will be provided with the professional skills they need to launch their careers in finance, and will benefit from a mentoring program designed to help them navigate the industry.

Program Details

The Fellowship is open to female-identifying undergraduate students attending an institution of higher education located in Massachusetts or female-identifying undergraduate students who reside in Massachusetts but attend an institution of higher education located in the United States but not in Massachusetts.

The Massachusetts Women in Finance Fellowship is a paid Fellowship opportunity for young women interested in entering the financial services industry. In 2016, it debuted as the first Fellowship of its kind sponsored by a government organization. The purpose of the program is to identify and foster female talent for the financial industry, build a network and pipeline for women in finance, and advocate for the placement of women in leadership roles.

Fellows accepted into the program will be assigned to departments within the Massachusetts State Treasury or to quasi-agencies chaired by the Office of the State Treasurer: Debt Management, Massachusetts State Lottery Commission, Massachusetts School Building Authority, and the Massachusetts Pension Reserves Investment Management Board. Each Fellow will be assigned to a specific mentor within the department, who will meet with them regularly throughout the program. Fellows will be provided with the professional skills they need to launch their careers in finance, and will benefit from a mentoring program designed to help them navigate the industry.

In addition to professional experience, Fellows will be offered leadership programming and be given the opportunity to attend Office of Economic Empowerment events, including informational seminars, resume workshops, financial education discussions, and other professional development opportunities.

As of 2019, the Women in Finance Fellowship includes a public-private partnership with Ernst and Young. Well known for its dedication to diversity and positive workplace culture, EY will provide a female private sector adviser to each of the Fellows for additional guidance, networking, and mentorship.

The 2020 Summer Fellowship is scheduled to run from June 1, 2020 – July 31, 2020. Fellows will receive a stipend, and are required to commit to 37.5 hours per week. Approximately five (5) Fellows will be accepted into this highly competitive program.

 

Apply for the Fellowship

All applicants must include in their application a resume, cover letter, and one letter of recommendation. Applicants must answer the following questions: 

  1. Why are you interested in the Women in Finance Fellowship? 
  2. What department are you most interested in and why? 
  3. What do you hope to get out of this fellowship experience? 

To apply please visit MassCareers. Listed below is a link to each individual application that can be found on MassCareers. Applicants may apply to one or more postings on MassCareers.

Massachusetts School Building Authority

Massachusetts Pension Reserves Investment Management Board

Massachusetts State Lottery Commission

Office of the State Treasurer: Debt Management

Applications will be accepted on a rolling basis. The deadline to apply is Friday, January 24, 2020 by 5 P.M. EST. 

Please contact empowerment@tre.state.ma.us with any questions about the fellowship or application. 

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