JPMorgan Chase recently announced that it will invest $30 million over 10 years in an innovative university-industry partnership with Syracuse University to create a financial service technology and infrastructure curriculum and training program that will benefit students throughout the region. The partnership also includes plans for a new corporate technology center on the Syracuse University campus as well as scholarships and internships for students.
This program will provide a training ground for new and diverse talent in financial services technology and infrastructure and create hundreds of new jobs in Syracuse and upstate New York.
Employees of JPMorgan Chase will join Syracuse University faculty and students in creating a comprehensive interdisciplinary curriculum focused on the fields of financial and information technology, and to sponsor new research and development activities. Students from Syracuse University as well as other public and private colleges and universities across New York State will be able to participate in the program through distance learning opportunities and other classroom and research exercises.
The work force programs will include multidisciplinary educational and project opportunities for SU students and JPMorgan Chase employees. The partnership hopes to extend its science, math and technology training into programs in the Syracuse City School District and other school systems.
Syracuse University Chancellor and President Nancy Cantor said, “This comprehensive university-industry collaboration between JPMorgan Chase and Syracuse University provides one of those rare opportunities to pool intellectual capital to make an immediate difference in industry, higher education and our region,” said Nancy Cantor, Chancellor and President of Syracuse University. “Together we will build a new path-setting curriculum that draws on an array of disciplines from information studies and management, to engineering and computer science, to law and public policy and integrates the on-the-ground expertise of JPMorgan Chase technologists. This partnership will put scholarship into action to solve real-world problems in global financial services technology while reaching out to K-12 students and engaging college students near and far.”
The new partnership will combine the skills and resources of these two institutions into a new model that integrates corporate expertise into the classroom and will incorporate student and faculty research in JPMorgan Chase operations.
“Syracuse University is a leader in applying scholarship and innovation in educational program development,” said Frank Bisignano, Chief Administrative Officer and Member of JPMorgan Chase’s Operating Committee. “Through this partnership, we can combine our knowledge and resources to create a diverse work force focused on financial services technology and infrastructure in upstate New York.”
The partnership intends to begin teaching part of the new curriculum in fall 2008, with building construction should begin shortly after. It is expected that Syracuse University will make temporary space available for partnership participants in the CASE Center in the Center for Science and Technology while the technology center is being constructed.
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