Over $188,000 Ally Award for Budding HBCU Entrepreneurs

Some talented Black College and University students with entrepreneurial dreams are one step closer to achieving their goals by winning the Moguls in the Making contest.

Organized by Ally, in collaboration with the Thurgood Marshall College Foundation, sixty students – 15 HBCU groups with four students each – were asked to develop ideas for how to support economic mobility in Charlotte, one of Ally’s home markets, then set up a business planning to turn those ideas into action.

The 72-hour competition provided HBCU students with the knowledge to create business plans, advertise those plans, etc. Each team had 10 minutes to present their ideas to the judges, these will award prizes to the top three teams based on the pitch.

Top tycoons in creating winners received Ally scholarships and bonuses

Each member of the top teams receives a scholarship for the 2023 academic year, guaranteed provision of paid internships at Ally for the Summer of 2023, and other awards to support their studies. Ally’s commitment to embracing diversity within their company is at the forefront of the Moguls in the Making competition, which has recruited more than 36 winners since 2019 when the program began.

“One of our goals with MITM is to cultivate new talent for our team at Ally — we believe everyone brings a unique perspective to our company, which helps us I am stronger.

Each year, the top three teams in the competition win an internship at Ally, and all MITM participants have the opportunity to apply for an internship.

Since the program’s first year in 2019, Ally has hired 36 of the Moguls participants as interns and has hired 12 as full-time employees in various functions.

Roommates, what do you think of this amazing event?


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