• Citigroup announced that Jane Fraser will succeed Mike Corbat as Citigroup’s CEO. Fraser will be the first woman to lead a major US bank.
  • Fraser’s promotion could create opportunities for more women leaders in finance.
  • Most people are still biased to think of leaders as men.
  • In 2019, just 21.9% of leaders within US financial services firms were women, according to a Deloitte analysis. Women make up more than half of financial-services employees in the US.
  • Visit Business Insider’s homepage for more stories.

On Thursday, Citigroup announced that Jane Fraser would succeed Mike Corbat as CEO when he retires in February 2021.

Fraser is currently the president of Citigroup and the CEO of Global Consumer Banking. She’ll be the first woman to lead a major US bank. And her promotion could change the career trajectories of many women in finance today — or so the research says.

Management material

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Martinsville’s New College Institute has partnered with Amazon Web Services to offer a program on cloud computing skills.

Karen Jackson, interim executive director of the New College Institute, said the 12-week AWS re/Start program is geared toward unemployed or underemployed learners and will prepare them for entry-level cloud roles.

“It’s a good solid foundation for anybody that is looking for a good IT career,” she said.

Over the next year, the program will be offered to four 25-person cohorts. The first begins Sept. 14 and will be taught virtually because of the pandemic. The program, which is supported in part by the Tobacco Region Revitalization Commission, is free.

In addition to teaching technical skills, the course will provide job prep skills like resume writing and interviewing. There will also be opportunities to connect with potential employers, Jackson said.

Preferential seating will be given to learners in the tobacco commission footprint,

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In New York City alone it is estimated that 30% of the city’s small businesses may never reopen, translating to roughly half a million jobs that may never return. Across the country more than 50% of small business owners believe it will take six months to a year before hiring gets back to normal. 

Industries ranging from hospitality to retail are contracting at record rates (measured by probability of default) leaving many to question the viability of their livelihoods and the best course of action to take to mitigate future employment and career risk.

While many are proactively working to address these concerns, the traditional path of going back to school to acquire new skills is simply not an option for most. For one, it implies that you have a clear understanding of what you want to do. Of the 1,000 people we surveyed  for our Technology Career Acceleration program,

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