+80% of summer interns at BB from Oxford are DEI
Currently at Oxford and recruiting actively for summer internships, but couldn't help notice the insane DEI involved in summer recruiting. I have my personal anecdotes to back this up as well as just searching through LinkedIn. This is NOT meant to be like a conclusive study but just some of my observations. I'm really hoping that someone can refute my argument because as an asian male it really hurts to see so much DEI just blatantly happening with no one acknowledging it.
(only looked at BB data) On LinkedIn, just going through Oxford's main finance clubs as well as JPM/GS/MS -> filter by school -> summer analyst and just browsing it seems like 5 in 6 come from some sort of DEI background. I noticed that most of the ED/MDs are non DEI but how is it that all the summer analysts / analysts are all DEI? Either they're female (which seems to be most prominent in global markets / S&T) or black or are socioeconomically disadvantaged (participated in specific programs like SEO London). Like I obviously know LinkedIn data isn't the most representative and shouldn't be trusted, but just from a quick glance it seems so unfair... Like I looked through asian males / white males and they don't seem to have any internships even though (1) they participated in finance clubs at Oxford and (2) have some sort of boutique internship. Maybe their profiles weren't updated? Not too sure.
I also want to mention by personal anecdotes. I've been to nearly EVERY recruiting event for Oxford and in ALL of them it seems like the ratio of DEI ANALYSTS (not VPs+) are over 50%. How??? The most prominent example of this was at the JP Morgan Global Markets recruiting event where ALL of the analysts/associates/VPs were female (except one French male that worked in the Paris office). Even the HR representatives were female. At the event though 75% of participants were non DEI. How is it that 75% of applicants is non DEI but then the actual intern class is almost 0% non DEI??? This is just one of many examples of discrimination I've faced but the one I remember most clearly.
Can someone please tell me that I'm wrong?
Go on LinkedIn. Count how many “DEIs” have full time roles. Stop being a loser and work harder instead of complaining. In the time you typed this post you could’ve sent how many networking emails out?
It just seems like you’re lazy and need a group to blame for your inadequacy.
Commenting on your comment to be clear...
To be fair he does talk about full time analysts in the post. However perhaps you would like him to disregard his own personal experience and look at Macro Linkedin data which would be something else entirely.
Also spamming people's inbox, sorry, "networking emails" aren't a thing in the UK thankfully. You say it "seems like he is lazy" based off nothing, and if you actually read his post, the opposite would seem more likely.
Sorry, networking is not rlly a thing in the UK. Grind ass off and boom only works in the states.
My bad, that I cant land interviews with my CV. I mean, why should I get the Rothschild interview? I just have Audit, TS, B4 M&A, LMM M&A and LevFin internships, while she has... worse grades and an EY Tax internship. You are right, I just have to work harder than them and the problems solve themselves... right?
You may think this sounds like a silly excuse, but thats literally the case and can be observed here, for FFM & London. even in my current internship, the women leave 7-8pm, while we sit there until 12 or 1 each day.
Grow a pair and work harder. If you fail then it’s no one’s fault but your own.
There is nothing to gain in complaining about your misfortune.
The eternal boomer
DEI Beckie got offended
Is it as bad in the us?
I agree that the best solution is to carry on working and ignore all this as policies are unlikely to change at least in the near future, but DEI is a rigged game and people who DEI actively work against should at least be able to call it for what it is
I agree that the best solution is to carry on working and ignore all this as policies are unlikely to change at least in the near future, but DEI is a rigged game and people who DEI actively work against should at least be able to call it for what it is
Awesome another DEI thread. Let's see if he says anything new.
Bro has accidentally and independently backed into the reasoning for why DEI policies exist.
The HR representatives were FEMALE???? Say it ain't so. This has gone far enough. What an absolute farce.
You realise at these recruiting events are primarily designed by HR to convince people who wouldn't "normally" apply to banking to apply. This pretty much means it's mostly about women and minorities.
Tbh the whole thing with calling every single person who isn't white/asian male "DEI" as if to imply that if DEI policies didn't exist, no one would deserve a place in banking except white and Asian males is really insane.
They are at Oxford just like you LOL. Why do you think they are less competent because they are a woman/black/poor
Del
This won’t go away till MD stop discriminating against Asian/Arab/Brown men in hiring and promotions. Stop these quotas and light workloads.
Then go think again... Is there a white / asian guy with a better profile, that wasnt hired for these people? Would these people outperform the finance interested guys in your direct environment on the job? If the answer is no, then they are undeserving.
Mostly yes, especially women. The epicentre of DEI are Oxbridge and Ivy League colleges.
Don’t lump black/poor with women as their struggles are genuine. In what world are white women victim, they are even more privileged than white men. The should never be included in any DEI ever. HR does this to move the needle on their gender goals but is well aware this is just double dipping.
You can lump them together, cuz in all those cases, while they are different colors, they are privileged kids from a well-off background. the poor kids from the struggling households dont go to Harvard, dont go to Wharton and dont go to Yale. They dont even get the chance to attend university most of the time.
IME, "DEI" candidates almost always have to work harder to get promoted. In my previous bank, I saw one black woman get passed over for a desk head/MD spot time and time again, despite her desk consistently being the most profitable.
DEI candidates put more effort into their LinkedIn and being seen because they fear that they'll be passed over a lot.
I know a lot of people, especially young men who are white/asian, are rather frustrated at the current recruiting system that is disadvantaged to them in some degree, but the grass really is not greener being DEI. For one, your abilities are always questioned because all the people working with you only think you got the role due to DEI, not because you're fully capable.
And let's not act like this job is that hard. It's IB, not quant research. Anyone with 10 fingers and a computer can Google how to build a DCF. Acting like this is some sort of "great meritocracy" industry is just flat out wrong. IB and banks are political now than ever, which was a big reason I left.
Banks do this specifically because women want to work with other women, and men don't seem to care. If the banks only sent men, they'd only get male applicants. If they only send women, they still get male applicants. It's just an economic reality that promoting DEI gets you more applicants. More applicants means more pick of the litter.
If you want to avoid this stuff, go work for a place that values meritocracy and what you do above all else. Trading firms, hedge funds, EB firms. Looking just at big banks will inevitably get you overly political environments. Acting entitled to a 100k a year job because you can build a DCF model is insane.
This is just flat out false. I worked in markets, still do, most people here who do anything risk taking are men. Maybe on sales and research desks you'll find more women, but pretty much all the trading, structuring, and strats desks were male dominant
Dumbest post I've ever read
Holy shit you always post the most retarded takes
DEI = women. Getting jobs and promotions by virtue of their gender and not hardwork. Whoever requires them to work hard just like others must be a misogynist.
"Work from home" at 6-7pm, while the men have to sit in the office until 2am. Then get promoted over that guy and do tiktoks of your daily life in investment banking.
That’s because ED and above comp is partly linked to achieving gender targets. Any woman that meets min threshold will be promoted.
On an hourly basis, male analysts are getting paid so much less than female analysts and have a much lower quality of life. In my group, incompetent female analysts log off at 6 pm and have 1/3rd the workload and little to no live deals, while male analysts get grinded until 2-3 am every day and develop health issues because they're staffed on 5 deals.
Ultimate free loaders in IB are women, especially white women. If nothing works, just sleep with their boss.
Glad this forum realized that there is no such thing as Non-DEI women. All of them benefit from preferential hiring, promotions and workloads due to their gender in some shape or form, hence, they are all DEI Beckies.
This logic that women are 50% of population and hiring / promotions should reflect that is flawed. We don’t live in a communist society, otherwise we should hire / promote based on latest census. 10% of population is handicapped / disabled, should we aim for 10% disabled VP and above then.
50% women with 10 % female applicants... Who could ever expect this to go wrong?
Any serious attempt to uproot DEI needs laser focus on gender. That is all banks care about and if we succeed in eliminating those, DEI is almost dead.
Women have realized that hardworking men have caught up on their corporate game, play victim and milk DEI, and you can tell they know sooner or later a Supreme Court ruling is on its way. They are already creating propaganda website like www.wallstreetdiscriminates.com
to whine and seek sympathy. Don’t let it fool you, it is not a safe space in fact it’s a tactic to seek institutional sympathy.
This is low iq nonsense and making a statement this broad is stupid. A woman can be 100% deserving of the role or got it in part because of their gender. The same way a man could be fully deserved or his uncle could be the MD. Is there issues with DEI? yes ofc. But this idea that every successful candidate who isnt a white/asian male is somehow undeserving is idiotic
DEI Becky spotted. As usual equating freeloading under the disguise of gender with nepotism. As if women don’t benefit from nepotism.
Absorbing ~50% of the seats in hiring / promotions due to gender and comparing to 1% seats allocated to Nepo hires is peak hypocrisy.
Wait, as a next step you will bring up all the oppression your grandma faced in 1650.
worth reading if you didn't already see this come out last month:
https://www.compactmag.com/article/the-lost-generation/
I don’t get it. White men, least of all affected by DEI, whine all the time yet they forget they are the main enablers of DEI. They just don’t want black / Hispanic men to benefit from DEI, women are fine though because prime beneficiaries are white women.
We are all against DEI but white men especially need to have the courage to call out the main protagonist of DEI which are white women. Until they drop this hypocrisy and go after gender quotas and make it a priority to abolish them, DEI will stay.
Stop. Why the hell are you trying to say here? Young white men are definitely not the enablers of DEI. You are pulling some BS out of your back. Most people know its especially women benefitting. Just check the gap inf emale and male profiles hired. They get treated better in the office, get more room for error in interviews and simultaneously have to put less effort into grades and recruiting. Its a big joke.
One of the problem with current DEI measures is how do you stop the DEI programmes just being hijacked by wealthy people from these groups that are still classed as DEI?
I.e these wealthy kids from those backgrounds regardless of gender/ethnicity would have been just fine regardless of the DEI measures.
It can look like a very superficial approach, almost like just window-dressing.
No one cares about that problem. They see a % of women and go with that. no one cares where they are from.
Yes...still doesn't make it less sad. Just funny how DEI actually enables a very similar form of systemic advantage under the guise of 'Equality'
"Rich people who aren't white men please form an orderly queue"
you've nailed it btw. The minortiy ethnics in banking / PE are all privately educated and come from the same background as many of the white nepo kids. There is little adjustment for socio-economic factor (regardless of race). Do you think a poor, working class, badly spoken white girl is more likely to get a job than the privately educated, well spoken black boy? there-in lies the problem. this is all performative and nothing to do with the true stated aims of 'diversity'. if it was, we'd see the likes of black boys from council estates in southwark and white girls from the isle of dogs in ib / pe / etc. we never do.
idk man, just because I went to an Ivy doesn't mean we came from the same background as many of our white classmates/coworkers... and even then, our experience in/at these institutions does not mirror that of white ones..? Racism still exists... from Detroit to Cambridge, MA. Me going to a top 5 school in no way, makes me white lol. Such a strange take I don't get it. When I've been discriminated against by NYPD for bullshit reasons, they have zero clue that I went to a top Ivy and worked at JPM (currently on the buyside)... I've been treated a certain way because of my skin color, even in NYC. These things influence my perspective, and would be diverse in the context of working at a bank no? Think it's so hilarious how people view success with whiteness like there aren't so many cultural nuances/differences between POC and white people. Almost anyone in their late 20s/early 30s who is black in America has parents who were born pre civil rights and you think that one generation later, all the black top college attendees are culturally "white", less than 1 generation later??
Just be a woman, really. Thets the best DEI out there... I am here doing my 5 internships in germany to get invites in London or Frankfurt, while they get the offers without being able to model, after one EY tax internship.
You’re first problem is you are German and still repaying your debt to society
Your second is that you think modelling is important which means you have no idea what the job entails which is in of itself very Germanic
Yes modeling is important because you are a man, unless you can show you know the job A to Z, you won’t get the nod while for women, just show that you are aware of goal posts A and Z, and some hardworking man will pick up your slack while they promote you.
Look at the website. See how they pressurize banks and government. Imagine if men had a similar one to narrate DEI scam stories.
www.wallstreetdiscriminates.com
It's UK lol, so cooked with DEI and all that woke shit on steroid.
Funnily enough, UK-based quant desks I talked to, seems to not having DEI plague. Hiring Becky and Aisha on liquid hedge fund / prop trading positions will obviously contribute to either a drawdown or worse, a spectacular blowup lol.
On the bureaucratic side of high finance (IB, PE, etc.), well, it's more political posturing and appeasement to the woke mob.
DEI will cease to exist when young men understand that their bosses (MDs) are incentivized to help women succeed over them.
The system is rigged against them by design. Winners are women and old white men. These women will enjoy $$$ and perks of DEI based promotions and then pretend that average hardworking man is too broke to date them. Guess who they all want to date then, the rich old boss.
And what exactly will they do about it, when they “understand” this “problem”. If they’re too weak to succeed in the first place, how will they overthrow anything. Seems like a losers echo chamber (like this thread).
Why are you triggered
DEI Beckie spoted
Really sorry if this is news to you, but your first mistake was thinking IB and PE are currently meritocratic careers that recruit based on EQ, IQ and intellectual rigour. There are incentives to hire non-white males, we have known this since 2018. Some firms have pulled back on this (Quant) and others have doubled down (IB) - power resides in large with HR and the lack of courage MDs have displayed to push back on frankly racist hiring policies.
Regardless, it is what is is and IB is done (for your folk). Fortunately for you, you're living through an age where if you're smart enough to get into oxford, you're smart enough to make money with a laptop and an internet connection. Figure it out.
FWIW, many in our circle were shocked at the lack of openness to debate and knowledge sharing when a friend of ours gave a speech at the Oxford Union. Many 'winners' discount the oxbridge CV nowadays, until they've proven they can hold a conversation or steelman an opposing argument. The quality of folk out of Oxbridge between 2020 and 2025+ is markedly lower than between 2010-2020. Of course there are exceptions, but the point remains - figure it out. The market is the market, and this will not change in the near future.
Typical take of white men on DEI while being aware that only women, black / Hispanic men, and LGBTQ+ benefit from it. Yet they choose to use the term “non-white” men to somehow create this illusion that DEI policies are racist while ignoring that prime beneficiaries are “white women”.
White men have privilege and still occupy majority of seats in high finance, while white women dominate DEI ranks. Women, Black / Hispanic men, and LGBTQ+ get their representation with DEI. The only ones who seem to have earned a place on merit are Asian / Brown / Arab men who neither have white privilege nor DEI train to benefit from.
sadly i can't comment if you're coming from a US angle, the data in the UK is clear, as are the anecdotes. argue with yourself.
I've been on WSO for ~10 years at this point and, as an Asian male, remembered when the DEI posts centered around Asian men being discriminated against. The general consensus was "no one cares, its your fault, you deserve not to get hired etc." and now that its happening to white men everyone suddenly has so much sympathy.
The comments in these threads make me laugh so much now. It feels so good to say it back - you guys deserved not to get hired and you shoulda pushed back before it got to you.
Y'all really thought liberals were gonna spare WHITE MEN? lol.
Of all the males that face discrimination, white men have it the best. Most bosses (often white men) try their best to hire competent white men even if they have to go against HR.
In every layoff it’s Asian / Brown / Arab men who are pushed out while both white men and women are protected. This way they can claim they offering space to women while discriminating against men but usually it is mostly against ABA men. They call this playing the game and you will see this all the time around promotions.
Oh I'm aware. Of all the men that face discrimination, white men whine the most too.
You can see it in all these threads. They finally experience what the hiring process is like for ORMs that their own people put in place and now all they do is whine, ignoring the fact they're still at an advantage for everything after you begin the job.
Redownloaded the app today to see if this forum was done being a hate group for minorities, first post I saw. Man this app has really gone to dog shit. Believe it or not People actually used to post useful stuff on here. Is there a good forum out there where people are actually screened before they join? This LARPing shit has truly gotten so exhausting….
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