Pursuing a career in finance, Jersey City student Joel Guzman wins scholarship


Joel Guzman (proper) won a $2,500 scholarship from NABA and Xero.

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Joel Guzman (suitable) received a $2,500 scholarship from NABA and Xero.

On a Saturday early morning, Joel Guzman was awake at close to 8:30 a.m when he listened to an electronic mail notification on his cellular phone. A Rutgers University senior from Jersey Town, he’s been pursuing the fiscal planet with a double significant in economics and finance.

As he looked in excess of and opened the email, he noticed with his individual eyes – he received a $2,500 scholarship.

“As a school university student who’s performing to pay off his college student debt and eventually graduate personal debt free of charge, this was a blessing,” he mentioned.

The scholarship was awarded by the Nationwide Affiliation of Black Accountants, an business that supports these from underrepresented communities who go into finance. Guzman, who is Black, sees the require for continuing representation efforts in the finance globe.

As a lifelong Jersey Metropolis resident, Guzman arrived to Rutgers at their Newark campus soon after graduating from McNair Educational High School. When he came to college, he was originally thnking about undertaking philosophy and liberal arts.  But after becoming a member of a number of golf equipment, studying economics and talking to different professors, he was released to the business planet.

“Once I recognized that the globe revolves about cash I have a precise interest in this and the people I’m meeting are actually great, it was just a all-natural progression,” he claimed. Viewing that economics and finance are identical and tied to every single other, he made the decision to important in each of individuals.

Guzman suggests that you really don’t have to just be into numbers and math to have a position in the finance business many others that are intrigued in psychology, promoting, and engineering are in the field. As for his individual personalized desire in finance, constructing generational wealth is the most important to him, as well as managing own funds and finance literacy.

Given that joining Rutgers, he has appreciated his time on campus, touting the the associations he’s created and enjoying the diversity of the college. The COVID-19 pandemic had an impression on his school expertise, where by he spent a calendar year and a fifty percent executing digital finding out.

Guzman joined NABA throughout his freshman calendar year right after listening to about it from his buddy, Gary. NABA presents methods this sort of as mentorship options, scholarships, and insight into the business enterprise environment as they assistance the African American group and other underrepresented teams as very well.

“On campus, we have about 10 to 12 users, and I really recognize that and occur to get pleasure from it,” mentioned Guzman. “Given the simple fact that we have smaller quantities, we’re capable to know just about every other considerably additional personally. If a person has an situation and demands enable with something, we’re in a position to communicate with each and every other.”

On the regional level, NABA offers individual finance workshops and resume examine ins, and on the regional degree, they offer you pupils and people savings for applying to accounting examinations, as nicely as delivering people today with accountants to assist.

Guzman applied for the NABA scholarship on-line by way of their partnership website, crafting to them about himself, how he suits NABA’s design of lifting as they climb, and bridging the hole in underrepresented work. The scholarship funds arrives from a partnership with Xero.

In terms of diversifying the financial globe, Guzman states that he sees that there demands to be continued endeavours with representation, and producing guaranteed that they are selecting the very best applicants from distinctive communities of shade.

“You have not only the man or woman to demonstrate experience, but also to make certain that you have the ideal candidates from these spots,” stated Guzman. “So that we had been in a workforce which is driving in, and at the exact same time, naysayers can’t say that this particular person was just employed for x and y cause.”

As Guzman carries on in finance, he joined UBS in an internship this summer time, and received a return give to get started following he graduates subsequent 12 months as a GTP analyst.

For updates on this and other tales, look at www.hudsonreporter.com and observe us on Twitter @hudson_reporter. Mark Koosau can be achieved at [email protected] or his Twitter @snivyTsutarja.

Christopher Lewis

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