The Women in Wealth Management Leadership Team is excited to launch its second round of our mentoring program for women that have completed the requirements of Envestnet Institute on Campus program. The program is by invite-only for students who are planning to graduate in May 2019.
Objective and Purpose
The objective of the Women in Wealth Management Mentoring Program is to connect students interested in the Asset and Wealth Management industry with seasoned veterans of the industry. The purpose of the Program is to help young women learn more about the industry opportunities in the wealth management industry. The Program also serves as an opportunity for reverse mentorship, whereby the students can offer fresh perspectives and ideas to the mentor. Reverse mentoring also provides the chance for senior executives to get an understanding of what is important to younger workers and potentially bring that back into their business.
Determining defined and clear goals will give the relationship a clear direction and purpose. Take the time in the beginning of the relationship for both the mentor and mentee to discuss what benefits they are looking to obtain from the pairing.
- Determine what you are looking to get out of the relationship (i.e. competency development, career advancement, leadership skills development, gain knowledge in a particular topic area, etc.)
- Set reasonable benchmarks and the steps you can take to continue to work towards your ultimate goal
- Discuss what challenges you may face on your way to achieving your goal and how you can best prepare to work around them (i.e. availability of advancement opportunities, need to further your formal education, length of time needed to develop a new skill or competency)
- Implement the benchmarks into your mentorship timeline by determining meeting topics of conversation and homework
Mentor Relationship Timeline
The 2018-2019 Envestnet Institute on Campus’ Women in Wealth Management Mentoring Program involves active participation of both the mentor and mentee over a 12-month period. Participants will join the program in April 2018 and ‘graduate’ in April 2019.
Topics of Conversation
Make the most of your mentor/mentee relationship by determining compatibility and establishing chemistry early-on. We suggest these conversation topics to kick-start and grow the relationship:
- Industry news and trending topics
- Industry challenges and opportunities
- Career goals and progression
- Determining the right corporate culture fit
- How to adjust to changes in employer, role, and responsibilities
- Continuing education recommendations
- Achieving work/life balance
- Plan and managing your finances after college
- Getting involved with “extracurricular activities” after graduation
- Initiate, schedule, and adhere to monthly engagements either via phone, Skype, or in-person meetings
- Ask questions, prepare got meetings, and proactively contribute
- Serve as a sounding board for ideas
- Accept feedback and coaching
- Maintain confidentiality at all times
- Create LinkedIn page and professional resume