Local banks and colleges collaborate in a variety of ways to train up talented students and turn them into solid employees. That includes direct involvement in curriculum that ranges from finance to technology, programs that give banks and students exposure to each other and a lot of direct recruiting.
Business First recently caught up with M&T's senior vice president of human resources, Dan Boscarino, about working with local schools.
"We've got many different colleges and a great relationship with all the schools," said Boscarino, referring to Western New York schools. "That's part of why we're successful when you're talking about these types of jobs, because we have a great place to recruit young talent."
M&T has technology shops in Maryland, Delaware and Buffalo, and Boscarino said the Buffalo talent is as good as anywhere else.
"The majority of our technology jobs are here because we are able to recruit excellent talent and retain them," he said.
M&T currently has total 743 job openings, which Boscarino said is a symbol of the bank's quality and growth. He said the differences between organizations '"really comes down to people," since they're all able to purchase the same technology.
So what is M&T's profile? It depends on the job, but Boscarino said the bank is looking for students who have demonstrated leadership and meet GPA criteria, sometimes at 3.0 or 3.25. He said he preaches to recruiters that they watch for how much knowledge interviewees have of the bank, since it's as simple as a few minutes of online research.
"That extra work shows a little bit into who the person is," he said.
The little things make a big difference for any organization, particularly one interested in the long-term retainment of its talent.
"Hiring the right people is so important," he said. "We look for people who want careers; not just a place they can come and gain a little experience and go somewhere else. It's expensive to train new grads and get them up to speed to where they add value to the bank. It's important for us to have an organization that is highly engaging to them and they're highly engaged, too."