State Street Corporation has created a new career development program that creates skilled, part-time jobs for 100 UMass Amherst students who will be based in a new office in Hadley.
The students will join State Street in a part-time capacity beginning this fall with responsibility for performing select back-office functions and supporting business lines across the company. The new program is open to sophomores, juniors and seniors.
“We’re pleased to welcome these students from UMass Amherst to State Street and provide them with a unique opportunity to gain ‘real-world’ work experience in the financial services industry,” said Alison Quirk, executive vice president and chief human resources and citizenship officer at State Street. “As one of the largest employers in Massachusetts, State Street has a longstanding history of collaborating with many universities around Boston to help foster the state’s economic development and expand the students’ readiness to enter the workforce. We are excited about this new opportunity with UMass Amherst to further strengthen our ties with the Massachusetts university system.”
This new program expands upon a strong history between State Street and the University. In 2005, State Street established a strategic relationship with the UMass system by launching the State Street Scholars Program, a nine-month internship program for students attending UMass Boston.
“We are thrilled to be expanding our relationship with State Street with the addition of this new program,” said Carol Barr, vice provost for Undergraduate and Continuing Education. “We pride ourselves on helping our students find valuable career development programs, and a partnership such as this complements their academic course load and campus experience. State Street is a world-class organization that understands the value of investing in the next generation workforce. Providing our students with the opportunity to work with such an organization – in a location close to campus – will serve them well in their post-college careers.”
State Street Corporation is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $22.4 trillion in assets under custody and administration and $1.9 trillion in assets under management, State Street operates in 29 countries and more than 100 geographic markets.