FINANCIAL

JPMorgan’s Jamie Dimon Talks Affordability, The Economy And Why The Bank Is Hiring Coders

By Erin Arvedlund
The Philadelphia Inquirer

WWR Article Summary (tl;dr) Launched in 2015, “Zip Code Wilmington” has trained just over 300 coders and JPMorgan has hired roughly 135 of the grads into software engineering positions. 

The Philadelphia Inquirer

JPMorgan chief executive Jamie Dimon paid a visit to Wilmington, Del., on Monday to visit the bank’s extensive corporate offices, glad-hand among the state’s 11,000-strong workforce in a town hall meeting, and take in a coding boot camp it funds called Zip Code Wilmington.

That last group trains computer coders in a 12-week, $12,000-tuition program to educate potential workers for JPMorgan, which has roughly 250,000 employees globally.

Students either completed college or dropped out and pivoted to software as a way to earn an average of $74,000 upon graduation, according to Zip Code officials.

Dimon sat down with The Inquirer to elaborate on why he’s going on his 10th annual bus tour of the bank’s East Coast operations, including Philadelphia, Boston, and Washington, and his views on the economy.

“I’d love to see other coding programs around the country, and see the economics of it. With the total cost, the companies reimburse almost all of it,” he said after touring Zip Code Wilmington. The school charges $3,000 upfront, and if the students are hired by corporate partners, the companies reimburse the remaining $9,000 in tuition.

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