The Goldman Sachs Group has announced 12 new academic and nonprofit partners to provide business and management education to deprived women in Brazil, China, India, and the Philippines.
This is the first major announcement from the 10,000 Women initiative since its launch on March 5, 2008. The number of women who will receive a business and management education through these, and previously announced, partnerships now totals nearly 5,400 of the 10,000 women the initiative has committed to support throughout the next five years.
The School of Economics and Management, Tsinghua University and Zhejiang University became the first Chinese universities to join the activity, with partner schools respectively being HEC Paris in France and Said Business School, University of Oxford in the UK.
10,000 Women is one of Goldman Sachs' largest corporate engagement programs, pursuing a variety of ways to provide a business and management education to deprived women. For instance, partnering schools are collaborating to establish or expand certificate programs (ranging from five weeks to six months) that will include courses in marketing, accounting, market research, writing a business-plan, strategic planning, accessing capital, and e-commerce. These innovative certificate programs are pragmatic, flexible, and shorter-term and will help open doors for thousands of women whose financial and practical circumstances would prevent them from receiving a traditional business education.
Through 10,000 Women, Goldman Sachs is committing USD100 million to support partnerships with universities and development organizations to provide a generation of women in deprived areas around the world with a business and management education. In the process, these partnerships will help future generations of entrepreneurs and managers by strengthening the underlying quality and capacity of business education through professor training and the development of innovative curricula and locally relevant case studies.
