ATLAS Featured in Business Insider; Opens Applications for Second Year
Dmitry Balyasny is recruiting interns out of high school. Here’s how the Chicago-based global investment manager is trying to diversify the financial industry by scouting young talent.
A typical day in the life of a high school senior includes college test prep, filling out college applications, and worrying about getting a prom date — not so much an internship at a hedge fund.
Dmitry Balyasny, however, has an opportunity for those high achievers that want to get a feel for the finance industry before they even start college.
His $12 billion hedge fund Balyasny Asset Management is sponsoring a four-year career development program called ATLAS Fellows, which has spots for 25 high school seniors that are interested in a career in finance.
The program offers up to $20,000 a year in financial assistance for college for up to four years. Fellows get paid internships at large financial institutions after high school graduation and through the summer between their junior and senior years of college.
Every incoming fellow is guaranteed a first-year internship at Balyasny upon graduating from high school. “A lot of professions, not limited to but including finance recruit students out of college. At that point, we’ve already missed out on a huge source of talent simply because there are some students who cannot gain access to college, oftentimes because of the cost,” said Anderson.
Read the full article by Alyson Velati on the link below