Updated 04/20/2009 06:34 PM
Program Offers Jumpstart On New Careers
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Laid off Wall Street workers are trying to jumpstart their careers with the help of a new city program. NY1's Asa Aarons filed the following report.Often times, a cliché becomes a cliché because it is fundamentally true.
"If you can make it here, you can make it anywhere. These folks have made it here and will be the ones who pull us out of this crisis," says City Councilman Daniel Garodnick.
Garodnick is referring to 50 former Wall Streeters who found themselves out the door when the financial sector started hemorrhaging jobs. The city's Jumpstart Program is designed to take their proven talent with money management and transfer it to other business models. It includes a business bootcamp at Levin Institute.
President Garrick Utley says the program is perfect for people seeking new ways to share timeless qualities.
"We live in this new world. It's a world of crises and questions and we feel its about talent, energy and commitment," says Utley.
At the Jumpstart event, students are paired with businesses whom they will spend 10 unpaid weeks with.
Many of the students who had their successful lives turned upside down a handful of months ago say they're ready to make it here, again.
"I decided to give this a shot because I was thinking of getting into alternative energy," says Emily Chaing, a Jumpstart participant.
"This gives me the opportunity to combine product management and business focus to the creative field of television and film," says Christopher Dawes, a Jumpstart participant.
Jumpstart is one part of a $45 million job retraining initiative. It's run by the State University of New York's Levin Institute. The program is aimed at former Wall Streeters with at least three years experience.
Over the next 10 weeks, NY1 will follow some of the participants' journeys.
If you have an employment story, a job, a new interview technique, or something you want to share with those looking for work or those doing the hiring, contact Asa Aarons at askasa@ny1.com.