Ladder for London

Helping London’s Young Professionals to Climb Higher Through Apprenticeships

We were proud to be the first business partner of the Evening Standard’s Ladder for London campaign, which places young adults in competitive, paid apprenticeships. The driving force behind the effort was our earlier collaboration with the award-winning social enterprise City Gateway, the Evening Standard’s campaign partner to increase employment opportunities for Londoners struggling to find work. A longtime supporter of enterprise, education and professional development, Goldman Sachs offered 10 one-year apprenticeships throughout our company to help address the challenge of U.K. youth unemployment, create jobs and spur economic growth. In addition to benefiting from mentoring, apprentices participate in training programs that help them develop skills to thrive in the working world.

"We recognize that one of the key steps in addressing the growing unemployment crisis is for employers, including our company, to take the initiative to add apprentices to our workforce," said Michael Sherwood, Vice Chairman of The Goldman Sachs Group, Inc. and Co-Chief Executive Officer of Goldman Sachs International. "As a large firm with significant resources, we believe it is only right that we step up and commit to this campaign and hopefully go some way to helping young people overcome these challenges, while also infusing our organization with the fresh new thinking these individuals bring to the table."

Our 10 apprentices joined Goldman Sachs in October 2012 and work across our Technology, Operations, Human Capital Management, Corporate Services & Real Estate, Investment Banking and Securities Divisions. In addition to the one-year apprenticeships, this group of talented young people participates in professional skills training courses and meets with senior leaders.