Building a $90 Million Bridge to HBCU Careers

Marcus Shaw, CEO of AltFinance, reveals a pioneering initiative that connects historically black colleges and universities (HBCUs) with the private finance sector. The concept began in 2021 when Shaw noticed a gap: many talented graduates lacked the insider knowledge required to break into investment firms. The nonprofit now runs apprenticeship programs that pair HBCU students with seasoned professionals, offering hands‑on experience and mentorship.

A $90 Million Pledge: Funding Diversity

• Source: Several leading investment firms, including Oak Tree Capital.
• Purpose: Scholarships, training workshops, and networking events.
• Impact: Not a donation—an investment in a more diverse, inclusive financial industry.

Shaw’s Personal Journey

• Grew up in Maryland.
• Wall Street trader; earned a degree from Morehouse College.
• A missed college field goal taught him that setbacks can shape futures—fueling his mission to create opportunities for others.

Program Structure

1. Classroom Learning – Core finance principles.
2. Real‑World Projects – Case studies, market trend analysis, live deal participation under supervision.
3. Skill Development – Practical skills employers value, boosting job placement post‑graduation.

Building Community

• Regular meet‑ups and online forums.
• Peer support, advice sharing, and network expansion into the broader finance world.
• Reduces isolation often felt by students in competitive fields.

Addressing Systemic Gaps

• Targets HBCU graduates to combat underrepresentation.
• Promotes equity and aims for industry demographic shifts.
• Long‑term goal: Diverse perspectives influencing high‑level decision‑making.

Future Plans

• Expand to more HBCUs nationwide.
• Partner with additional firms for broader exposure.
• Foster collaboration among education institutions, nonprofits, and private companies to create lasting change.

AltFinance’s story demonstrates that strategic funding combined with targeted mentorship can unlock talent and reshape industries for the better.