Corporate Sponsor Spotlight: Oliver Wyman

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Budgeting and spending. Credit and saving. How to pay for college. These aren’t topics every family talks about, especially when incomes are unsteady and the next crisis may be just around the corner. Fortunately, the financial literacy programs for young people at Children’s Aid cover these and many other subjects. And since 2008, our programs have gotten a major boost from corporate partner Oliver Wyman.

Oliver Wyman Group has long been committed to having a positive impact on society. Its business units—which include international management consulting firm Oliver Wyman, Lippincott design and brand strategy consulting, and NERA Economic Consulting–work together through a global pro bono program and organize volunteer efforts in dozens of local communities.

Here in New York City, Oliver Wyman began to harness the skills and passion of its professional staff in service to children and families in Harlem six years ago. At that time, the firm hosted the first in a series of college and career prep workshops for students in Children’s Aid’s EXCEL program.

In 2009, the company selected Children's Aid as the beneficiary of its annual charity auction, raising over $66,000 to sponsor the Hope Leadership Academy's Financial Education and Awareness Initiative. Through that program, a dozen teens who mastered financial topics and received certification as peer trainers conducted workshops for over 100 youth from the Bronx—spreading financial literacy throughout the community. Since 2009, Hope Leadership Academy’s Advanced Financial Peer Educators have trained more than 2,600 individuals across New York City.

“We’re grateful to have the opportunity to make a difference in so many lives," said Partha Bose, chief marketing officer and chair of the pro bono committee at Oliver Wyman. "Children’s Aid has done so much for the community.”

To date, hundreds of young people have taken workshops conducted by Oliver Wyman staff that address financial aid, how to budget for college and how to research college scholarships. One student, Ysnel Camilo, has parlayed his experience with this program into a long-term internship at Oliver Wyman, while he pursues his degree in accounting at Borough of Manhattan Community College.

"I have learned how to properly interact with colleagues from around the globe, how corporate environments work and adjust when presented with an issue," says Ysnel. "But the most important thing I have learned at Oliver Wyman is responsibility."

Together with partners like Oliver Wyman, we are filling gaps in knowledge and putting young people in poverty on a pathway to success.