Wolf cubs of Wall Street: Citi marks new campaign with rare behind-the-scenes tour for London pupils
Students from London schools got a behind-the-scenes look at the life of a city trader in an exciting event to mark the launch of Citi's 'e for Education' campaign.
As part of this annual initiative, which raises funds for education charities such as the UK's Teach First, Citi invited the students into their Canary Wharf offices to find out what the average day is like for a trader. The pupils enjoyed a rare tour of the trading floor and took part in simulated trading games.
Says Year 13 pupil, George Watts: “The game we played today was all about shares and commodities in different areas of finance that we would relate to. For example, a share would be in a company such as Microsoft or Barclays, and you have to interpret the news in a way to relate that to how prices are going to change, if there is a change in oil prices, you have to react and buy and sell shares.”
The aim of the event was to inspire these disadvantaged students and encourage a career in the finance sector. Teacher Jeremy Stuart explained: “I want them to build their aspirations. Bringing them to an impressive building like Citi’s, with the city of London skyline behind us, it’s a fantastic opportunity for them to see where they can take their lives. We also have a number of talented Year 11s who I am trying to enthuse about economics, and I think this sort of activity, as well as visiting the trading floor, is certainly a way to do that.”
This echoes the wider aim of Citi’s ‘e for Education’ campaign. For any student leaving school, the decision of what path to take can be daunting, but for children from low-income households, the challenge is much greater. At GCSE level, nearly 50 per cent of children claiming free school meals achieve no passes above a D grade, which has a significant impact on the options available to them when they leave school. Worryingly, poorer pupils are almost twice as likely to be not in education, employment or training post-16, compared to their more affluent peers. Citi’s ‘e for Education’ aims to end this sort of inequality for disadvantaged young people, both inside the classroom and beyond.
This year, Citi’s campaign will support two UK charities – Teach First, for the third consecutive year, and SkillForce. Previous Citi campaigns have raised over $800,000 for Teach First. Last year, funds raised by the campaign supported the costs of recruiting, training and supporting 125 Teach First teachers, who this year will be reaching over 18,000 pupils in their classrooms.
Brett Wigdortz OBE, CEO and Founder of Teach First, said: “We’re absolutely delighted to be chosen as a beneficiary of Citi’s ‘e for Education’ campaign for the third year running. It has been a huge success over the last three years – I visit schools all over the country where I can see first-hand the impact this campaign has on young people, and I really hope everyone involved feels good about the impact it has.”
“Teach First has a really clear vision – no child’s educational success is limited by their socio-economic background. Our mission, which is how we hope to achieve this, is by building a movement of leaders in classrooms and schools and across society who will help ensure that all children get the same opportunities."
Citi is a long-standing partner in Teach First’s mission to tackle educational disadvantage in England and Wales. For more information, please visit www.teachfirst.org.uk.
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