The University of Michigan Ross School of Business in Ann Arbor is launching a new program in partnership with Chicago-based PEAK6 Investments to prepare students for careers in the rapidly growing fintech sector.
The primary goal of the Michigan Ross FinTech Initiative is to produce a pipeline of top talent well-versed in technology and finance. Through the program, the school intends to bridge the gap between a traditional business education and the high-level quantitative skills employers need now and into the future.
The initiative will consist of educational offerings, such as fintech-specific academic programs and digital learning courses; fintech-related clubs, events and activities; and action-based learning experiences that connect students with the most innovative fintech companies in the world.
Michigan Ross officials say students will learn how the domains of finance and technology are coming together to change the way individuals and businesses access financial services and markets. Students also will learn how to generate value for organizations across industries by identifying technological solutions to emerging business challenges.
“The rapid pace of change in the fintech sector is creating an urgent need for experienced professionals who not only understand the technology underlying these services, but also how the disruption in financial services impacts and advances their business,” says Scott DeRue, the Edward J. Frey Dean at the Ross School of Business. “With the generous support of PEAK6, Michigan Ross is committed to developing the next-generation of business leaders who will envision and enable future innovations in fintech.”
PEAK6 will provide the base funding for the FinTech Initiative, as well as thought leadership. Michigan Ross will develop and manage the initiative, with plans to engage additional business partners over time.
“We are excited to partner with Michigan Ross in the creation of a first-of-its-kind program combining academic and practical learning to equip business-oriented professionals with the skills to make an immediate impact in the fintech space,” says Jenny Just, co-founder of PEAK6 and Michigan alumna. “Our core businesses sit at the intersection of finance and technology and we have experienced first-hand the nationwide shortage of talent. It’s gratifying to work with Ross on an initiative that will have a long-term positive effect on the industry while providing fulfilling employment opportunities for future generations of students.”
For more information about the Michigan Ross FinTech Initiative, visit here.