Deutsche Bank supports dropout prevention in spain
Current studies show that more education leads to higher pay and less unemployment. In Europe Spain belongs to the countries with the highest youth unemployment rate of 54%. More education plays an important role in helping to address youth unemployment in Spain. Deutsche Bank volunteers make their knowledge and experience available to help young people on their way into the working life.
The program ‘The advantages of staying at school’, in collaboration with Junior Achievement, aims to help reduce the dropout rate by delivering the message to children aged 12 to 14 that a better job and better opportunities can be achieved if they continue with their studies.
Deutsche Bank volunteers are closely linked to the program, giving five sessions in schools and public institutes, including ‘the cost of life’: making budget of how much they have to spend to live on their own and contrasting this with real employee offers published on newspapers; preparing for job interviews; a table game 'life' with or without studies; expressing their feelings and desires; among others. Another programme with the Junior Achievement is One Day Partner (Socios por un día) targeted at secondary school students and providing career and academic counselling. Students have the chance to spend a whole day in Deutsche Bank. Employees offer them to gain practical and real-life insights during the visit.
Since 2007, the year that Deutsche Bank started the agreement with Junior Achievement, more than 150 volunteers have participated in over 710 programs that have benefited more than 2.000 students in cities such as Madrid, Barcelona, Bilbao, Seville and Valencia.
Together with well-known educational partners and foundations, Deutsche Bank supports various educational programs around the world that target, in particular, children from socially disadvantaged backgrounds. Many Deutsche Bank employees volunteer as mentors to personally motivate and support participants. In Germany, Deutsche Bank Foundation provides START and COMPASS OF STUDIES that aim to accompany young people on their way to university. In South Africa, Deutsche Bank cooperates with Sparrow Schools Educational Trust to help young people with learning disabilities make the transition to employment. Another initative is Strive for College in the US, in which student mentors provide guidance to low-income high school students.
In 2013 Deutsche Bank launched the youth engagement program Born to Be, which provides a framework for these initiatives. Born to Be will help young people fulfil their potential by providing new skills, confidence and aspirations through education-led projects.
“School students often cannot imagine how the everyday professional life works. The students are more interested in earning easy money in the short term. We want to provide an insight how a personal cost plan and its financing might look like in reality. One day Partner (Socios por un día) is following a similar approach. The students spent a whole day with my team and were completely enthusiastic about the new working experiences at Deutsche Bank.”