Morgan Stanley Criticized for Internship That Is Only Available to Gay or Non-White Applicants

On Tuesday, an equal rights group publicly called on investment bank Morgan Stanley to shut down an internship program that explicitly describes itself as only open to non-White applicants.

According to the Washington Free Beacon, a letter was sent to Morgan Stanley by the Project on Fair Representation, warning that the bank’s internship violated federal non-discrimination laws. The 2022 Freshman Enhancement Program is described on Morgan Stanley’s website as only available to “black, Hispanic, Native American, and/or LGBTQ+ freshman undergraduate student[s].” The internship has been promoted by several Ivy League schools, including Princeton University.

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