In the most ethnically diverse city in the world, young black men struggle to land good City jobs. A study by the Black Training and Enterprise Group (BTEG) shows that young black men are less likely than young white men to be working in London’s finance sector. Through in-depth interviews with young black men already working or looking for jobs in the City, the research found that most had experienced barriers, with almost one third citing racial discrimination as the main reason why fewer young black men are working in finance roles.
Moving on Up is a five year programme, led by Trust for London and City Bridge Trust in partnership with BTEG, to increase employment opportunities for young black men in London. The programme is working with employers to encourage more young black men into high quality jobs in finance, banking and insurance, and in other key London job sectors.
In the summer of 2017 BTEG conducted financial sector research to inform their strategy for Moving On Up Phase Two. They contacted young black men who either held or were seeking jobs in the city via an online survey, which 49 people completed. Following the survey, BTEG conducted 18 more in depth interviews with black men working or seeking to work in the financial sector.
The full findings are in the report at the bottom of the page.
Here are quotes from the Chair of Trust for London and the Chief Executive of BTEG about the project: