Goldman Sachs' HBCU Market Madness competition concluded with Spelman College emerging victorious for the third time in four years, securing a $1 million grant. The event, which is part of the firm's HBCU Possibilities Program, saw finalists from Delaware State University, Florida A&M University, Howard University, and Spelman College present case studies to top Goldman Sachs and Nike executives.

Megan Hogan, Goldman Sachs' global head of Talent and chief diversity officer, expressed admiration for the talent showcased by HBCU students during the competition, stating, "The HBCU Market Madness pitch competition is always a highlight of the year. Seeing the presentations and ideas that these students generate throughout the semester reminds us of the incredible talent at HBCUs."

Goldman Sachs initiated the HBCU Possibilities Program in 2020 as part of its commitment to advancing racial equity and fostering a more inclusive economy. The program aims to double the number of campus-analysts recruited from HBCUs by 2025. Over the past four years, the firm has awarded $20 million in grants and scholarships to students and institutions through the program.

In 2024, a record number of over 600 eligible applications were received, with more than 150 students from 11 HBCUs participating in the program. The competition required students to conduct company research and propose strategic business solutions for Nike. Spelman College secured the top spot, followed by Howard University, Florida A&M University, and Delaware State University.

Goldman Sachs' dedication to building a diverse talent pipeline has resulted in the recruitment of 40 students for internships from the program, with many accepting full-time offers. The firm remains committed to fostering diversity and inclusion within the financial sector.

Founded in 1869, Goldman Sachs is a renowned global financial institution that provides a wide range of financial services to a diverse client base worldwide. The firm's commitment to supporting HBCUs through initiatives like the Market Madness competition underscores its dedication to nurturing talent and promoting diversity in the finance industry.