Sapna: Hi, my name is Sapna Shah, and I have the pleasure of being here today with Janet Cowell, the CEO of Girls Who Invest.
PIMCO, through our women and investing platform, has the great opportunity to partner with Girls Who Invest, an organization dedicated to increasing the number of women in investment roles within the asset management industry by placing highly talented undergraduate women into internship position.
We are really excited about this opportunity to partner with you, Janet, but perhaps you can tell us a little bit more about the program in the first place.
Janet: So Girls Who Invest was founded three years ago, and we’re really focused on U.S. college-age women, really freshman, sophomores, rising juniors, to expose them to the asset management industry and get them internships with top asset management firms, like PIMCO.
We have partnered with Penn and Wharton School of Business as well as Notre Dame, their undergraduate school of business, to give the women four weeks of training, and then they show up for a six-week internship in an asset management roles.
Sapna: That sounds great, but why is this important in the first place?
Janet: Well, as we all know, outcomes are better when you have diverse minds around the table, having men and women, and diversity of thought. So this is an important aspect and one that I believe in very much, personally.
Sapna: Can you tell us a little bit more about how the Girls Who Invest curriculum is helping prepare women to really leverage these attributes?
Janet: Sure. So our curriculum is very broad. We do both technical subjects as well as soft skill subjects. On the technical side, one thing to know is that the young women in the Girls Who Invest program can be of all majors, so they could be an English major from a college that doesn’t offer any business, or they could be Wharton business school undergrads.
But we try to expose them to the basics, you know, accounting, net present value analysis, business modeling. They actually undertake a stock analysis. They also are getting exposure across asset management classes. So PIMCO was on campus talking to the young women. We also had real estate managers, chief investment officers of college endowments. So they get the full spectrum of, you know, what is asset management and what are the different attributes and skill sets that one might need as they go off to their internships.
Sapna: Well, thank you for the contributions you’re making to increasing the number of women in the asset management industry. It truly is an industry-wide effort, and each of you is playing a very important role.