84 Percent of Students Report Feeling More
Prepared to Manage Finances Following Program
BOSTON, July 10,
2023 /PRNewswire/ - Today, John Hancock, a unit of
Toronto-based Manulife (TSX: MFC),
announces the start of its annual MLK Scholars Program, which
provides summer jobs, financial education, and professional
development opportunities to Boston youth. Since 2008, John Hancock has
invested over $16 million to fund the
program and create inclusive career opportunities for more than
6,000 student participants.
This summer, in partnership with the City of Boston, John Hancock is sponsoring the
employment of hundreds of Boston
teens at John Hancock and 30 other local non-profit and corporate
worksites across the city. The MLK Scholars Program leverages youth
employment to build capacity within the non-profit community for
summer programming and create opportunities for long-term
employment within our public service and private corporate sectors.
The program benefits the organizations that employ MLK Scholars by
engaging Boston's diverse student
population in potential career paths in their industries.
"John Hancock is committed to
creating inclusive economic opportunities and fostering the local
talent that will drive the future of not just our industry, but our
community," said Brooks Tingle, CEO
of John Hancock. "Helping to develop this talent pipeline in
Boston is critical to leveling the
playing field for young people who do not have equal access to the
work experiences and networks that are key to building long-term
skills, self-confidence, and financial empowerment. We are thrilled
to welcome this year's MLK Scholars to the program."
In addition to real-world, hands-on workplace experience, a key
component of the program is offering students access to the John
Hancock Well-Being Education Center, a one-of-a-kind digital
curation of financial and mental wellness resources for young
adults created in partnership with EVERFI. The center features
digital learning modules focused on personal finance topics ranging
from financing higher education and savings to identity protection
and taxes. Following the 2022 MLK Scholars Program, 84 percent of
student participants reported feeling more prepared to manage their
money than they did before starting the program.1
"The MLK Scholars program provides our youth with incredible
resources and support in pursuing summer jobs. We are grateful to
John Hancock and all the non-profit and corporate partners for
their work to ensure that our City's young people have access to
inclusive opportunities for professional, economic, and personal
development," said Michelle Wu,
Mayor of Boston. "We hope that
community partners will continue to join us in prioritizing youth
employment and financial education across Boston."
Additionally, John Hancock is collaborating with the Boston
Private Industry Council (Boston PIC) to pilot an in-person
networking event on July 28. The
event at John Hancock's Boston
headquarters will be open to this year's MLK Scholars as well as
summer interns from financial services companies participating in
the Boston PIC's summer jobs program. The event will feature a
panel of program alumni sharing their personal stories and career
advice, as well as a networking session which will allow students
the chance to connect with representatives from the participating
financial service firms and each other.
For more information about the MLK Scholars program, visit
https://www.johnhancock.com/about-us/community-investment/mlk-nonprofit.html.
About John Hancock and Manulife
John Hancock is a unit of Manulife
Financial Corporation, a leading international financial services
provider that helps people make their decisions easier and lives
better by providing financial advice, insurance, and wealth and
asset management solutions. Manulife Financial Corporation trades
as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK.
Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports more
than ten million Americans with a broad range of financial
products, including life insurance and annuities. John Hancock also supports US investors by bringing
leading investment capabilities and retirement planning and
administration expertise to individuals and institutions.
Additional information about John Hancock may be found at
johnhancock.com.
1 The
Employment and Education: Experiences of John Hancock Summer 2022
Youth Employment Program Participants report summarizes the
findings from 146 youth who responded to surveys during the summer
of 2022. Where possible, comparisons are made to responses from a
sample of Massachusetts high school juniors and seniors
participating in EVERFI's financial education course. Comparisons
are drawn from responses collected before students began an EVERFI
financial education course.
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SOURCE John Hancock