Black people in banking
Hello,
I am a black person, and I was visiting other investment banking websites and have noticed that there are very few of us in these jobs.
I was very discouraged by this because I believe we deserve a fair chance wherever we are at. What is going on? I have not seen a black MD on many investment banking websites, and it seems to be a white-dominated world.
I don't mean to play the race card, but what is going on?
I know a black senior director who works for a top PE firm with a long career in banking before that. I know its anecdotal, but I think that if you are driven to do it you will succeed just fine.
I WOULD think in this day and age there is a lot more emphasis on equal opportunity. I honestly couldnt tell you though since I am a middle-middle class italian-american raised by two parents with no idea what it is like to grow up from a disadvantaged background. I guess of you take the %of black people who grow up with a support structure to give them a better chance at success in an early age, and the % of those who take that opportunity to be successful in high school to then go to a top undergrad, and then have the drive to break into banking, get a top MBA, and the go back into banking, the numbers dwindle each step of the way. There are a lot more whit people who come from a priviledged background and hit the ground running from an early age--and learn in high school what they need to do to get into finance.
In high school I thought wall street was just buying and selling stocks and taking risk. I had a friend who went to Wharton undergrad on scholarship and I thought I had the better deal going to the Air Force Academy--because I had no idea about finance, and if you wanted to be successful you needed to learn a technical skill like engineering. I thought finance was for dummies. I was the dummy.
I guess you haven't yet had an internship at a bank... these internship programs tend to have a very large number of minorities. Perhaps higher levels in the industry are currently dominated by whites - but, things are changing.
I'm not even a banker yet but I'll give this question a shot Disclaimer: this might be a bit biased because I am a minority too
so all in all this gets us down to, what, ballpark 4 out of 100 bankers should be african americans?
I might be wrong but it's something to think about
are you guys retarded? Look at his account name and the number of bananas he's got
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