UNCF and J.P. Morgan Wealth Management Launch 2022 HBCU Scholarship Applications and Expand Eligible Schools

Media Contact

Monique LeNoir UNCF Communications 202.810.0231 monique.lenoir@uncf.org

Students can earn up to $7,000 and take advantage of educational summer experiences to become a financial advisor


UNCF and J.P. Morgan Wealth Management are now accepting applications for the 2022 J.P. Morgan Wealth Management Scholarship Program. The number of eligible historically Black colleges and universities (HBCUs) has been expanded to 17.

Launched in 2021, the program provides scholarships and mentorships to students studying any major at historically Black colleges and universities (HBCUs) to help them start a career as a financial advisor. J.P. Morgan Wealth Management will award a total of 375 scholarships through 2025.

Students will receive an initial $2,000 scholarship and have the opportunity to participate in two paid professional summer programs to gain the skills to build a career as financial advisors. Students who complete both the Advancing Black Pathways Fellowship Program and the Financial Advisor Development Track Summer Analyst Program will receive an additional $5,000 scholarship during their senior year.

“Many students have never thought about becoming a financial advisor or even know what the job entails. We believe this program can help change that,” said Christopher Thompson, Head of Diverse Talent Experience for the Consumer and Community Bank at JPMorgan Chase. “Advisors have a unique opportunity to positively impact the lives of their clients and find their job rewarding and fulfilling. We want to raise awareness around this career and create a path for diverse young professionals into the wealth management industry.”

The J.P. Morgan Wealth Management Scholarship Program is a part of JPMorgan Chase’s $30 billion commitment to advance racial equity.

“Our mission is critical to so many across America,” said Maurice E. Jenkins, Jr., executive vice president and chief development officer, UNCF. “J.P. Morgan’s commitment to our students is a great example of how public companies can make a real difference in the lives of deserving, talented students across the United States. We thank them for the investment in us, our students and our HBCUs, and look forward to working together to build better futures for us all.”

This year, six new HBCUs were added to the list of participant schools, expanding eligibility to more students across the country.

The eligible schools include:

  • Alabama A&M University​
  • Central State University
  • Clark Atlanta University*
  • Delaware State University
  • Florida A&M University
  • Howard University
  • Morehouse College*
  • Morgan State University
  • North Carolina A&T State University
  • Paul Quinn College
  • Prairie View A&M University
  • South Carolina State University
  • Spelman College*
  • Tennessee State University
  • Texas Southern University
  • Wilberforce University*
  • Winston-Salem State University

*UNCF-member institutions

To learn more about a career with J.P. Morgan Wealth Management, visit https://careers.jpmorgan.com/global/en/home

For more information on the racial wealth gap in the United States, read: A look at the present-day U.S. racial wealth gap


About J.P. Morgan Wealth ManagementJ.P. Morgan Wealth Management is the U.S. wealth management business of JPMorgan Chase & Co., a leading global financial services firm with assets of $3.7 trillion and operations worldwide. J.P. Morgan Wealth Management has ~5,000 advisors and more than $700 billion of assets under supervision. Clients can choose how and where they want to invest. They can do it digitally, remotely, or in person by meeting with a J.P. Morgan Advisor in one of our 4,800 Chase branches throughout the U.S., or in one of our 21 offices. For more information, go to www.jpmorganwealthmanagement.com and follow @JPMWealth on Twitter.

About UNCFUNCF (United Negro College Fund) is the nation’s largest and most effective minority education organization. To serve youth, the community and the nation, UNCF supports students’ education and development through scholarships and other programs, supports and strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness. UNCF institutions and other historically Black colleges and universities are highly effective, awarding nearly 20% of African American baccalaureate degrees. UNCF administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs. Today, UNCF supports more than 60,000 students at over 1,100 colleges and universities across the country. Its logo features the UNCF torch of leadership in education and its widely recognized trademark, ‟A mind is a terrible thing to waste.”® Learn more at UNCF.org or for continuous updates and news, follow UNCF on Twitter at @UNCF.