Why is Goldman's trading floor just full of white men?
(Senior Chimp, 29
Points)
on 10/21/10 at 2:03am
With all this female diversity recruiting stuff and stereotype of Chinese and Indian quants/engineers I didn't expect 99% white men. Is this how it is on most BB trading floors?





I see this thread going in a
I see this thread going in a bad direction very quickly...
If I had asked people what they wanted, they would have said faster horses - Henry Ford
troll
troll
No I was honestly curious.
No I was honestly curious. Just wasn't what I expected. This is NY btw.
Trading is a meritocracy.
Trading is a meritocracy. Impose diversity on IBD.
Quote: Trading is a
Trading is a meritocracy. Impose diversity on IBD.
this is a loaded statement. e.g. females and minorities have inferior talent for S&T.
Think about it this way: what does it take to get into Goldman S&T? (notice I said "get in"). Well, usually it takes a good school, high GPA, and networking ability. Asians work hard and get the good school/GPA bit but perhaps lack on the social graces for networking. Likewise, females at top schools have higher average SATs/GPAs (though less quantitative coursework), but also likewise, aren't as good as men in networking in a male-dominated industry.
So it comes down to white men networking with white men. Asians/Females can blame themselves for not being able to schmooze with said white men, or they can work on it. Or (asians) can go to Asian divisions of BBs or (females) can pick another career.
Seigniorage
Trading is a meritocracy. Impose diversity on IBD.
this is a loaded statement. e.g. females and minorities have inferior talent for S&T.
Think about it this way: what does it take to get into Goldman S&T? (notice I said "get in"). Well, usually it takes a good school, high GPA, and networking ability. Asians work hard and get the good school/GPA bit but perhaps lack on the social graces for networking. Likewise, females at top schools have higher average SATs/GPAs (though less quantitative coursework), but also likewise, aren't as good as men in networking in a male-dominated industry.
So it comes down to white men networking with white men. Asians/Females can blame themselves for not being able to schmooze with said white men, or they can work on it. Or (asians) can go to Asian divisions of BBs or (females) can pick another career.
hmm... are you talking about sales here? or sales AND trading? i'm not sure how important networking is to just sales
and shouldn't this apply to all bbs, not just goldman sachs?
yesman wrote: Trading is a
Trading is a meritocracy. Impose diversity on IBD.
LMAO. Ouch. A wee bit harsh, no?
yesman wrote: Trading is a
Trading is a meritocracy. Impose diversity on IBD.
I like your style.
Still not sure if I want to spend the next 30+ years grinding away in corporate finance and the WSO dream chase or look to have enough passive income to live simply and work minimally.
Goldman proposes new
Goldman proposes new non-profit: LINNA
Liberal
Idiots
Need
Not
Apply
Where I unload on Twits and take verbal S***s
lol linna!
lol linna!
Looking back at my previous,
Looking back at my previous, I think my point wasn't clear. My thesis was that the average minority Asians and white (and minority Asian) Female, are harder working that the average white male in school. Thus, the point of debating diveristy vs. meritocracy is pointless unless you consider networking ability (with white males) a great career merit. GS especially tends to require both the academics AND networking because it is the optimal choice for most recent graduates. I would like to hear if anyone disagrees. Please note the keywords "average" and "tends."
I know people in S&T, IBD and
I know people in S&T, IBD and Wealth Management at Goldman. I know a female in fixed income sales and an Indian market maker. The Wealth Management division is all white men....go figure.
yesman wrote: Trading is a
Trading is a meritocracy. Impose diversity on IBD.
Sig worthy.
Trading is a meritocracy. Impose diversity on IBD.
this is a loaded statement. e.g. females and minorities have inferior talent for S&T.
Think about it this way: what does it take to get into Goldman S&T? (notice I said "get in"). Well, usually it takes a good school, high GPA, and networking ability. Asians work hard and get the good school/GPA bit but perhaps lack on the social graces for networking. Likewise, females at top schools have higher average SATs/GPAs (though less quantitative coursework), but also likewise, aren't as good as men in networking in a male-dominated industry.
So it comes down to white men networking with white men. Asians/Females can blame themselves for not being able to schmooze with said white men, or they can work on it. Or (asians) can go to Asian divisions of BBs or (females) can pick another career.
You fail.
I win here, I win there...
Quote: Trading is a
Trading is a meritocracy. Impose diversity on IBD.
Trading is a meritocracy, but actually getting into S&T SA or even FT sometimes isn't necessarily. The hiring in S&T is also very similar to IBD i.e. based on shit like which frat you were in, which sport u played, whether or not you like the same sports team as your interviewer, and whether or not you answered bullshit "fit" questions such as "tell me about a time you failed and were never able to recover" properly
Is there something wrong with
Is there something wrong with white men? Did I not get the memo?
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
white men > dogs > other men
LLcoolJ wrote: white men >
LLcoolJ wrote: white men >
I win here, I win there...
Most of the clients you will
People like people that look
Goldman trading floor is
HFFBALLfan123 wrote: People
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why are most girls in IBD
" Likewise, females at top
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To be clear, I'm talking
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This whole thread is
ideating wrote: " Likewise,
WSOCON 2013 - B Scene
Seigniorage
what the hell just happned?
It is what it is
NewYork1 wrote: Seigniorage
cliff notes?
Nothing to add, but I am
WGCC wrote: Nothing to add,
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
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LLcoolJ wrote: white men >
IVY for Life
Woman are generally in sales
I'm not even going to start
You'll find more women in
I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.
"You'll find more women in
Ha ha ha ! OP is obviously a
ah: You'll find more women in
This thread is so stupid. As
LOL.... what do we have