gay bankers? + or - on wallstreet
hey guys,
with all the diversity talk does it help to be a gay banker? apparently gays are actively recruited. at my school being gay actually helps you get in...
those on the street are there any BSDs who are openly gay?
or are they mostly in hr and low level positions
the investment banking world is a very conservative and orderly bunch (albeit chaos is an everyday hurdle). Although I personally wouldn't care whether you're taking it up the ass, the banking climate is driven by credibility and trust. I just can't imagine 100% of every company you aim to deal with to accept a banker working on his behalf that has a slight 'flair' to him.
If you can't deal with 100% of the companies you're not gonna be as sought after as those that can.
That's gross.
im not gay im curious if they could have an advantage
it would be an advantage when dealing with HR but not bankers
Like you said, gay candidates have a very significant advantage getting an offer since banks want to promote diversity. At many places spots are reserved, etc.
There are gay people at all levels of Wall Street. As high as the ladder goes, there are people who are gay. Anybody who tells you otherwise is ignorant.
Quite a few on the trading floor where I work. No one makes an issue out of it because they don't make an issue out of it. As long as a purse does not fall out of your mouth every time you speak you generally won't have a problem.
Unlike banking, which I've heard from many sources can be incredibly homophobic, consulting is very welcoming to gay candidates. I can verify that this is definitely true at McKinsey, Bain, BCG and Deloitte, and have heard good things about LGBT support at Monitor as well. I've spoken with many LGBT people at the MBB firm I'm at (there's a small group of them in my office) and they've all had incredibly positive experiences.
If you're gay and don't have your heart set on banking, there's a home for you in consulting.
How can you hate gay people to the point of suggesting they become consultants?
Why on earth would you have an advantage by being gay that is simply unfair? Your sexual preferences have nothing to do with your education and work performance. That information is nobody's business and should be kept private.
The issue there is it isn't actually considered a sexual preference by most, particularly those that are gay or support gay rights. Personally, I think it's silly because in my mind it's all a choice, but what do I know? Because this is the approach that is taken by many, it isn't viewed as a choice, it's a genetic disposition therefor it's not like being incestuous but rather being black or female. Like I said, I don't understand it.
Regards
At last count you hate Islam and think your sexuality is a choice...you seem like a really enlightened individual. Next time you are out at a bar try forcing yourself to be sexually attracted to dudes. How could you possibly say it is a choice?
I don't think there are gay people on WS. I've never seen A gay dude to be honest.
This is quite ignorant....so you're telling me you know exactly what a closet homosexual looks like? Or even better you've seen everyone on WS. People like you are funny.
You can tell the ones that are gay though, I'm no expert but they have feminine mannerisms and speech patterns, I've worked in different parts of WS and interacted with so many different types of people and never seen who acts gay. Some women might have been lez though, they have short hair and behaved very butch.
Most gay dudes on Wall Street (actually most gay dudes in general) you wouldn't be able to identify, that is the point.
Maybe most gay dudes on Wall Street but if you actually visit a place that is widely considered 'gay friendly', such as Atlanta, San Francisco, Chicago and Key West, you can spot them in a second. They are the ones that cat call at you from the stop light when you are walking home from the office, lol.
Regards
Have you ever heard of Malcolm Forbes?? Family Founded Fortune, gay as a box of rocks, and he liked biker rough trade. An open secret. Like JFK and Marilyn. How about David Geffen? Steve Katz, all billionaires and all gay. Do your research next time.
This just isn't true... some gay people act as straight as possible just because of people such as yourself... who look for it.. they don't want to be labeled as different. You honestly can't tell. Grant in most situations you can tell but there are still people you just can't tell with at all...
Redacted
Dude, come on.
So you think gay dudes are going to chat to you about who they banged over the weekend? What planet are you on? Regardless of sexual orientation, your personal life is no one elses business unless you make it so.
Old thread, but need to correct my previous, moronic statement. It's no ones fucking business who you bang in your spare time, this is a job not a social club to make friends. By the end of my time in banking, I spent so much time with everyone in shitty conditions, all that bro shit was out the window and everyone around me in my eyes where a-sexual power point slaves. It doesn't matter, do your work, shut the fuck up and move on.
I'm Gay & In Banking (Originally Posted: 09/04/2012)
This post is for anyone gay/bisexual, or for anyone who thinks by being gay/bisexual, things get easier. I am bisexual and have interned/gained work experience at BB’s in Sales and IBD in Europe. I am not going to name any, or PM any bank details, so please don’t ask. Note that this is just my personal experience and does not reflect the experiences of anyone else. There are generalisations in what I say – and with everything there are exceptions – so take what I write lightly.
Myth 1: Networking sessions are more useful as there are fewer people and they are more willing to help and therefore it’s easier to land a quality contact Ruling: Untrue Many people turn up to these events. Your sexuality is not what connects you to anyone. Its what you say and how you present yourself. It may be a surprise to you but connecting with a gay person can often be more difficult because they often think ‘more deeply’ then the average high school jock who gets happy over a couple of beers.
Myth 2: Sex is a quick and easy way to stay in the game Ruling: True – kind of Sex is like Trading. If you are good at it, you stay in the game. If you suck, or do not perform to your partner’s satisfaction, you are out. Working long hour’s means you have less time to keep fit. Once that muscle dies down – and it will die down regardless of what you eat/drink – you are easily replaceable by the team captain of a sports team or the school jock. It may be worth noting that although someone may be rich it doesn’t mean they will splash out £500 for an escort. If they can get the freebie they will.
Myth 3: Gay senior people are the horniest Ruling: Untrue When working long hours, I’ve been surprised how often a ‘so called straight’ person asked if I could blow them/have sex with them. Beware – senior level people often have wives but don’t see them very often, have grown out of their youth working and want to fool about more then gay/bisexual people who live their fantasies openly anyway (this is a generalisation but tends to be true).
Myth 4: If the gay guy gets a full-time offer then he must have slept with the boss (similar story as the good looking girl) Ruling: Untrue Gay people are people. We do not have a lower IQ just because we like the same sex. There is no need to underestimate people. One of the interns in my class was gay but was one of the brightest academically and all the interns liked him because he was extremely helpful and knew his stuff like the back of his hand. Often some people are too proud to admit they sucked and therefore didn’t land a full time offer. It is true though that if you get along with your boss then you have a higher chance. But if you think about it will the boss want to keep on someone they have ‘finished’ with or someone they could potentially sleep with. IBD classes are large, recruited yearly, so it’s always ‘fresh’ for them. I learnt this lesson the hard way (no pun intended).
Myth 5: Gay people have it easy in the workplace (as do women, ethnic minorities etc) because banks need to employ a certain amount Ruling: Untrue While applying, anything ‘different’ will make you stand out. But once you are in the workplace, those ‘differences’ make you stick out like a sore thumb. You have to fit in with the crowd (often White/European males who look 10 years older then their age and are ‘skinny fat’)… any being the ‘gay boy’ comes with perceptions you cannot change. People look at you like a whore all the time. Any positive comments you get, any new project you get, are all tainted with peoples poor and narrow-minded attitudes. When I go into the senior managements cabin at 2am I’m sometimes hoping he won’t want a sexual favour and will actually give me a DCF to work on. I have seen that women, gay people and people from ethnic monitories are ‘quietly squeezed out’. That said, some professions like Law, hold much less bias towards women/gay people/ethnic minorities and statistically gay people in Law do better then straight people (in terms of % promoted). But then we all know Statistics are useless. hehe
I did land both the Sales and IBD BB offer but I am going to go into Law instead. My experiences have been on the more ‘unlucky’ side, but I don’t want to put out the image that every senior person is a sex hungry freak. This is not true. There are many good quality junior and senior people in banking who are respectful, smart and great people to be around.
I am happy to answer any questions people have. Happy to share some of my funnier experiences too. Would also like to hear experiences from people who are gay/bisexual and currently in banking (you can PM me if you want).
Unless the dude is a queen, you'll never see it coming and you're not going to be able to tell. A gay guy married an extended family member and fooled us all for a decade.....until he got a sex change operation, a divorce, and a boyfriend. What you think is irrelevant: the bottom line is WILL THEY MAKE MONEY!!!!!
OP - yes, a former DLJ partner is gay: http://nymag.com/nymetro/urban/gay/features/911/index1.html
Gays are an URM, but if you play that card just be aware that you'll be 'out' so if you're a straight guy trying to take advantage of the system just realize the position you'd be putting yourself in. Seriously though, there's a whole lot more than you think: http://www.wallstreetoasis.com/forums/would-you-pretend-to-be-lgbt-for-…
Haha. That could be a good plot for a movie. It's like a Chuck and Larry situation on Wall Street (or any big industry in NYC).
Regards
Love the username.
I couldn't help but read it in Mario's Italian voice
Gay people think more deeply than 'high school jocks'? Isn't your subset of the population usually the one that gets mad about sweeping stereotypes?
talk about answering a question that no one has asked
Prepare for the shit show.
da fuck`?
The fuck is this?
tl;dr
I'm not even going to touch this...
(edited because i'm pretty sure im on my last chance)
...too much info that I don't wanna know about
pretty sure none of these questions were asked by anyone.
"Why do gays have an advantage?"
Because they provide diversity and are an URM that faces discrimination otherwise...
Honestly, the more I use this forum, the more I realize how pathetic it is. I would bet that 95% of all the posts I read on here are posted by absolute morons who have no idea what they are talking about.
Stinger Bell, AWM - you already HAVE been working alongside with gays your whole life. You are just too ignorant to realize that. Gay people are everywhere. Some of your best friends in high school are gay, some of the people you sit next to in church are gay, and that married banker with kids is gay too.
I really just can't stress the stupidity you guys display in your posts. There are gay people at very high levels at all banks and all departments (S&T, IB, and any other division). FACT! If you were to attend the LGBT Wall Street conference in NYC, you would meet LGBTs from all banks. FACT!
A friend of mine is retired in his 40s, gay, and was an MD at MS. Just more evidence I have experienced proving to me how stupid all of you are.
Furthermore, you guys want to know your bullshit stereotypes? One of the most feared traders in the Chicago wheat pits was a transvestite. He was married with kids and is now a woman. Richard Dennis himself mentioned in a book that he always lost when on the other side of this trader.
Any gay bankers around? (Originally Posted: 11/16/2007)
I am wondering whether there are any gay bankers around. I just don't seem to see any. Everyone else seems to be straight and talking about their girlfriends. Am I the only one on Wall Street?
I am very discreet about my sexuality and so I am not comfortable joining one of those official LGBT networks in my bank. How do you meet up informally with other gay bankers outside of the office (any mailing list or clubs out there?)
Mate, did you read what I wrote? I agree with you...
Odds are you are not the only one. There's probably a good number of gay bankers out there, but banking isn't exactly the most tolerant profession.
is there discrimination in the office regarding other things, like religion or race?
i'm in a similar spot. Haven't really been able to find any other gay IB guys who aren't in the LGBT group.
There's a joke in the OPs username somewhere...
to PP: erm no my username's not meant to be a joke. But now that you mention....:)
Banker101: how discreet is the LGBT group? is membership a secret or is it pretty open?
it's so hard to find another because many gay bankers try so hard to hide their sexualities, act straight and talk about girls. It's part of the facade to deal with an intolerant environment I guess.
But seriously, I've seen a couple of cute colleagues (but after years of lack of sleep) they look crap now.
banker 101 - did you register a new username just to reply to my post? I hope not...that's too paranoid even for me!
banana_milkshake,
not sure about the discreetness of the LGBT group at my shop. honestly, don't know how that works but i would guess given the nature of the group that it probably wouldn't be as discreet as we'd ideally like it to be.
and no, didn't register a new username for this post - never really posted here before, just a browser until now...
Please, please tell me your screenname is not a sexual play on words.
I beat you to it!
Damn you, fiveyears. Damn you to hell. Anyway, I still think the OP is so inextricably deep into his homosexuality that he subconsciously picked that screenname when he was trying to think of a "random" one of the top of his head.
Lol. you guys are reading too much into my user name. I've been buying the drink at the juice bar at the corner of the street for the last couple of weeks, that's why i got the user name. Anyway, MKMD, I hope I did not shock your Victorian sensitivities.
It is so obviously a homosexual reference. Maybe you've been buying the drink for that reason.
Join LGBT and be happy. I'm sure they don't prance around and advertise their members so much. Many transsexuals especially, I imagine, would not want to be found out.
I doubt there are very many transsexuals on wall street.
I doubt there are very many transsexuals on wall street.
Gay bankers (inspired by dan b.) (Originally Posted: 10/03/2006)
With the general bashing of Dan and the liberal use of the word "fag," it made me wonder how many bankers are really gay or have tendencies.
When I interned back in 2003 in San Francisco, I saw an IB associate get a little relaxed with his hands at a bar somewhere off Union Street -- yes, he was drunk. He didn't touch anyone's dick, but he definitely rubbed his guy friends liberally... I asked someone if he was okay and they said it's just him.
Stories!?
My quote got all fucked up, but I meant to agree with you, Stringer Bell.
One time, this guy on an I-banking forum wrote a comment in the forum, and ended it with the word, "stories!?" like it was a forum for Sex in the City fans.
This is clearly a gay guy posting on here because he's got a banker fettish and wants us to fuel him with "motivation"
I think you have the fettish here since you're taking it to the higher level. No straight guy could weave Sex in the City into this thread like you did, fruit cake.
You homos! It's a dawg eat dawg world.
brokeback bankers
Stringer, you are the man!
I don't know, talking about sexual acts is grounds for termination if someone complains. If a gay guy keeps his dick sucking activities under wraps he should be fine.
Dont ask, dont tell.
Oh wait, Straight, white males are not allowed to complain or be offended.
I totally agree, that is my point. No one should explicitly talk about their sexual escapades in the office, at least not explicitly.
How is stringer fat? Am I missing something.
is it ok to wax your ...you know
on wallstreet?
are there more prestigious waxing places than others?
do you perfer a guy waxing your down below or a girl?
HAP`!@#$%^&*
I've got a confession: I'm in love with a man. What? I'm in love with a man...a man called God. Does that make me gay? Am I "gay for God"? You betcha.
Does it really matter who you take to bed at night? I know several senior guys at BBs that are gay, no one cares, the only thing that matters is that they make money. The diversity shpiel is bull shit, we all know it, unfortunately no one wants to admit in real life. I don't see how it really adds that much to a firm if you're a minority, what matters is if you're bright and can be a good banker. Banking should be race/religion/gender/sexual orientation blind.
Is the US really that different from Europe with regards to how you view gay guys? I just don't see how it is even remotely an issue unless the person has a dislike for gay people. In that case then that is their own problem and no one elses. Some of you guys have really twisted views of the world and perhaps need a bit of therapy. Damn.
a gay guy was subletting a room in my apt once and all he would talk about were all the dudes he just banged and he would watch that stupid drag queen tv show lol glad that's over. i was really uncomfortable
I'd say if you are willing to suck that BSD then you have an advantage. Just be sure to tell him that in the interview. Hell, just get on your knees and suck that turd fucker and you're in.
http://en.wikipedia.org/wiki/Richard_Jenrette
One of the top sales people on the trading floor is gay, there are also a few gay traders. No one gives a shit. Some of you guys are deliriously naive and incredibly bigoted. Get your shit together.
Managing Partner of one of the best (in my opinion) MM buyout funds is openly gay - nobody has a problem with it and the guy is one of the best fundraisers about.
http://yeswecanhas.com/wp-content/uploads/2008/02/sivil_uninons.jpg
redacted
There's a gay guy at my firm, very good at what he does and his sexuality is never an issue. That's how it should be.
That was a lie but it seems that everyone who says they know a gay guy is getting SBs so I thought I'd jump on the band wagon.
When I was at a BB, we had a lesbian MD and a gay VP in our relatively small group. They weren't in your face about it, but they didn't hide it either. No one cared. You are there to do your work; that's why they pay you. If you are competent or not, that will determine how far you go.
I've worked with people who spent way too much time detailing everything about their personal lives to everyone in the office, and I've worked with people who reveal very little. I tend to prefer the second approach. I have no interest in having coworkers know my personal business / relationship status. I tended to avoid regularly hanging out with people in my group outside of the office because I think it keeps things more professional, outside of infrequent group drinks, holiday parties or dinners. You are already seeing them ~80 hours a week, isn't that enough?
Making friends in your analyst class that aren't in your group will significantly cut down on office drama.
Our communication is failing here. What I was saying is that some people use the point that no one, in their right mind, would choose to be with someone of the same sex...therefor it can't possibly be a choice, it has to be a genetic predisposition. Additionally, I've had people argue that homosexuality must be genetic because straight guys don't typically have lisps or act effeminate. The point here is that an argument like that just doesn't hold water because all gay guys don't act like the stereotype. However, if you accepted the premise as true then all gay guys would sway their hips, rock linen Capri pants and speak with a soft, lispy voice...but, as you pointed out, this isn't the case.
Regards
..
Most people who dislike gay men have not met any that are not walking talking stereotypes. I know plenty of gay dudes that are totally normal guys you can have a pint with and chat about whatever. The only topic off the table really is banging chicks. Many times that is the ONLY difference between a gay dude and a straight dude
The fact that anyone would make an issue about someone's personal life at the office is beyond ridiculous.
You must have missed my rebuttal a few posts up...or do you not have an argument anymore?
Also, I meant to post this earlier but had some meetings...but since when is it the government's responsibility to regulate who can have kids? If a brother and sister, over the age of 18, want to have kids then let them. If they are not allowed to be together because their babies might have defects then the government should snatch the uterus out of every woman 35 since the risk of birth defects begin to increase substantially.
I would rather have a down syndrome kid being taken care of by its mother and father than 6 kids being taken care of by the tax payers and only being "watched" their mother.
Regards
You just slowly reveal yourself to be crazier and crazier...
For once, I agree with you AWM.
Homosexuality is not a disease. It's not like working with gays increases your likelihood of becoming gay. I don't see the correlation between the ability to do DCF's and a person's sexuality. Does being gay magically make someone bad at Excel? I don't think so.
I think it's true that gays and lesbians are actively recruited, my gay friends in school all got to go to special diversity networking events and stuff. At the very least, they're certainly not discriminated against. For all you prospective monkeys out there - don't fuck with this, making a crude joke about a gay person will get your ass kicked to the curb from any respectable bank. No second chances.
In prison, there were many dudes that looked very masculine but were openly gay. They would usually gather in groups of 4-5 and very openly reveal their sexuality to someone under the showers. These guys were not afraid to admit their orientation, I'm telling you. And people respected them for that.
It's important to note that those guys where gay before they got to prison...in fact, they were most likely born that way because no man would choose to have sex with another man. AWM told me so.
Regards
The first time I met UFO I wasn't really all about it, but I got to know him better and realized he's almost just like everybody else. Now we hang out regularly and I was able to get over my phobia of his defect as well as forgive him for his anti-christian choices.
^^^ahahaha!!!! Well done sir.
Morgan Stanley held a recruiting event at my school geared towards women interested in banking.
I heard a couple of gay guys went and were not kicked out.
I'd say it opens doors.
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