I’m a big 4 Asian (Chinese/Indian/Japanese/Korean) and the white boys in my finance club keep trolling me for not getting any BB/EB r1s yet despite being DEI. Is DEI not just latinos, blacks, and women?
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congrats on indian
Bro 🤣
/thread
Fucking dead
Racism
Correct. You can confirm this with most DEI disclosures put out by banks. Asian / Brown / Arab men are not DEI.
DEI is women, black / Hispanic / indigenous (Canada) men, and LGBTQ+.
Even among DEI, women are prioritized given how corporate goals are set, for example, ~50% gender split at VP & beyond by 2027 etc.
Got it thanks
Why arent those categories DEI? Genuine question
Rule makers and enforcers on Wall Street are white men. Historically, their main competition has been Asian / Brown / Arab men. They don’t want anyone to challenge their hegemony and including ABA men into DEI would certainly lead to that.
HR will argue that there is disproportionately more representation of ABA men relative to their population. However, most ABA climbed the ladder without DEI crutches. If anything this speaks volumes of their competency.
If hiring and promotions are driven by population demographics then we might as well use latest census for hiring and promotion quotas.
Finally, white decision makers love viewing DEI from a gender lens vs racial, as prioritizing women enables hoards of white women to double dip ie more privileged than white men yet can clam victim and get majority of slots in hiring / promotions by virtue of gender.
Sources? JPM’s DEI report for 2023 clearly demonstrates DEI as any category except white men. Academic research also defines groups included in DEI policies in the workforce as such (see Dobbin and Kalev 2022).
You can read more about why DEI programs fail and how to correct them from the above mentioned authors’ book, or in their article published by Harvard Business Review in 2016.
I don’t get why “white men” and “women” are whinning. DEI or not, they are prime beneficiaries of the current system in place.
https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/documents/jpmc-esg-report-2023.pdf
Nice try Pajeet
How is still on the website, can we say any slur on wso now?
They are too busy taking down posts about quotes from famous people on the Bible in the Off section. Its typical really once you know how bad the mods are
@WallStreetOasis.com really, this is the type of racist content you are letting stay on?
So retarded to say this shit when there are so many Indians and south asians working in high finance. Especially considering most are American born. How is this obvious colorism and racism even allowed on this forum? Is this fucking 4chan?
Yeah if saying that can make you feel better about your incompetence man
Fair enough bro. I’m not trying to use it as an excuse just looking for clarification but you’re very right to an extent my inability to get interviews is a result of my poor networking.
Also sort of curious about this. I'm Filipino but never gave much thought if I'm DEI or not. I figured I'm not but never got a clear answer.
What does big 4 Asian mean? That's not a normal thing to say; it's also pretty obvious you're Indian as you would have said East Asian otherwise. I think you should just say South Asian or just Indian instead of inventing new terms that put 4 groups of asians for others for seemingly no reason.
With that said; Asian men aren't DEI unless also LGBTQ+ or disabled. Just get better dude. There is no discrimination against Asians in finance, there's so many asian MD's in IB and PE across the board as well as leadership of strategics. There used to be less asian's at senior leadership in America; but that's also dramatically changing; just look at senior tech leadership it's all just Asians (either Indian or Chinese though) all the way down.
You are equating progression in Tech, a hard-skill based field, to IB which is mostly relationship based.
Ironically there is plenty of discrimination against non-whites in both hiring and promotions. Pecking order is
white men > white women > other women > LGBTQ > black / Hispanic men > Asian / Brown men
These days Asian / Brown men are pushed out by white bosses to facilitate DEI Beckies and to reduce competition for their favorite white boys. Funny enough, with all the pampering, Beckies still don’t last long in business unless performance bar and workload are dramatically reduced.
Tech is not a hard-skill based job after a certain point. Nobody near senior leadership is coding nor is every tech leader technical (Sundar Pichai is a ex-consultant for example), it's a mostly soft-skills based job at senior levels. I am white, but I really do not think this is true.
There are so many MD's and partners that are brown in banking and PE, as a group of the American population they are vastly overrepresented. Banking at the end of the day is a relationship job; if you can bring in deals and show well to your seniors, you will go far.
Fair representaiton should have mostly white people in America in senior leadership because we are the majority of the population. Asians are vastly overrepresented in senior leadership in both banking and PE. Latinos/African-American's are the racial groups vastly underrepresented while whites are overrepresented and Asians significantly overrepresented compared to % of the population.
You're gonna have one heck of a day when you start learning about caste discrimination in tech hiring
Sorry it was meant to be a joke (like big 4 accounting but for races) but I guess writing it’s not easily conveyed if it’s just text so that’s my bad. And I’m not using this as cope I understand it’s a skill issue on my end but I was just looking to get clarification on who actually is DEI.
You're good bro, I read that opening and chuckled. This guy's just being autistic and pedantic. Very obviously a joke.
Correct. In most DEI programs, Asian men aren’t considered an underrepresented group, so the same policies usually don’t apply.
Thank you for your response and for not trolling/attacking me I appreciate it. Best of luck in life brotha.
Who tf even says big 4 asian??
As aforementioned it was a joke (like big 4 accounting) since this a finance-related forum, but I guess it’s hard to convey stupid jokes like that via text.
It's very funny even conveyed via text
The blacks, native indians, and the Chinese women are mainly DEI.
No. It is women (mostly white), black / Hispanic / Native men, and LGBTQ.
I do see a good chunk of asian women ngl but I think it's just because they're a woman. IMO dei is primarily :
If you are a combination of multiple, even better.
Are Bonita fish big?
Mate what is a Bonita fish
I mean if we look at college applications it’s actually the opposite, pretty sure it’s the hardest out of any race for them to get into top schools cuz they are too cracked
Just by saying "Big 4 Asian", you probably qualify as disabled.
Try applying that way.
I love this forum
Only in the dating market
You're correct. DEI does not include any type of Asians. Possibly some underrepresented type like Hmong or something but big 4 most definitely not. Probably not even viet counts tbh.
Why did you redeem it
East Asian male here - stuff like this makes people take real systematic issues less seriously.
-Is it sometimes slightly easier for "diverse" candidates to break into IB? sure, but if you're qualified and hustle like everyone else who broke in and can't, that's a skill issue
-in the grand scheme of multi year / decade career, your gender or race does not matter, consistency and grit will 99% beat out any form of special DEI pipeline. Think in terms of decades not just your first job out of college. Only ~1.5/100 bankers make MD anyways
-if anything, reversing AA has made strides in balancing the playing field. Personally don't see a huge issue of non-traditional backgrounds aka 'diversity' candidates having slightly more access than the rest of us. but when playing fields are manipulated (look up personality scores by race in college admissions) where it's a true systematic issue versus providing access / opportunities, should not conflate everything into one "DEI" issue
PoS like you have no idea how gender quotas are used to manipulate promotions VP+. Shove your woke speech up your a*rse. Women have done nothing to be guaranteed 50% seats in hirings and promotions especially when they form max 20% of the pool. Getting pegged must be your favorite past time.
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