Diversity
I am a black person and an incoming 2021 SA.
Why am I seen as just a diversity hire, as if I am less deserving.
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I think you have to come to terms with the fact that a lot of people on here are very insecure. So naturally, they need to put the blame on someone.
They didn't get hired? It was definitely the diversity kid that took their positions. Hard interviews? They saved the easy question for the diversity kid.
That sort of thing.
I'm going to get lots of MS but that's just the hard truth. Fragile egos everywhere. It's stiffling.
I think your general sentiment is correct.... but a bit misguided. Of course people will want to pass the blame onto others, that is human nature.
Sincere question though, is the optics of the situation more to blame? I understand the idea behind diversity hire programs and that the intention is well and good. But it sends the message that you are speaking out against.
Thomas Sowell had a great lecture regarding a similar matter, affirmative action. Please give a watch.
Because people are insecure and seek out rationale for why they weren’t hired for your role. Ignore them, the people who matter know why they hired you. Don’t waste your mental energy on them.
People on this site don't work as hard as they like to believe they do. Sure, they had strong academic, but so did millions more who simply chose not to go into finance. So, they believe everyone had a similar easy path who are working in finance now. All they needed was a racist label like "diversity program" to attack people of a different racial background. I'm oversimplifying and debasing, but so do those posters.
good shit kid. this is in my opinion why diversity hiring is stupid. It only rewards diverse candidates who are subpar. however when it comes to extremely successful candidates like yourself who also happen to be from a diverse background, people overlook your achievements for your background. Someone like yourself should know that you were hired because you kick ass, not have doubts that you were a sympathy hire.
That being said, all you can do is ignore the others. You know you're successful, it's up to you to retain that confidence for work. In the end of the day, you're in control of your mind so fuck the noise and hone in on your on mission. congrats again on the successes
Averages. Given how diversity programs are set up, people assume diversity candidates are less qualified until proven otherwise, because many (most?) are. It’s the same as anything else. We evolved to use stereotypes as heuristics to simplify the world.
It sucks for the actually qualified diverse candidates. In the same way, I assume that Asian males are overqualified, because they usually are. This means I probably overestimate some Asian males who aren’t.
But that's the thing. People automatically assume all non-white male candidates got in through diversity programmes.
Many of us didn't. We got in the same way as you - by clicking apply. And why do you automatically assume that many or most diverse candidates are less qualified? Is it personal experience? Or do you just hear what you choose to hear?
I'm genuinely curious as to what automatically makes you think this. Because people being less qualified never really have much to do with diversity or not. People slip through. "Non-diverse" candidates slip through as well.
I really can't explain this beyond averages. Sure, many diversity candidates got in not using the programs, but many (most?) used the programs. All else equal, diversity candidates are less qualified on average. This isn't really debatable. When I find out a kid is the son of a F500 CEO, I also assume he is less qualified, because he likely is.
If I saw an NBA team warming up for a game and I had no idea who the players were, I'd assume the tallest guy probably can't shoot 3's as well as the shortest guy. Is that necessarily true? No, there are some 7 footers who can shoot 3's and some point guards who can't. But the average 3 point percentage of guys who are 6'0" is way higher than the average 3 point percentage of guys who are 7'0", which makes sense because 7 footers have other advantages so they don't need as good of a shot to still make it into the NBA. We all make these types of assumptions all the time, whether we're aware of them or not.
In terms of personal experience, I have found diversity kids to be less qualified on average, yes. There are still some that kill it, but the percentage is lower than for non diversity.
This is exactly what happens when you strongly distort the process in favour of some candidates for "diversity". You get the exact opposite of inclusion, because the type A people in this industry will always have the thought in the back of their heads that you got in jumping the queue. My girlfriend is an IB analyst at a BB, she is top of her class, but sometimes is still insecure due to these distortions. The whole "diversity" thing is like creating parks for native americans, you are not really solving the problem
You have hit the nail on the head. Places like Gs are like creating a park of black individuals to say ‘hey look at us we are diverse’ and instead it is creating mass hate towards the individuals. As bad as it is as a white person who has had to grind my ass off, my views have become a lot more hateful due to these diverse programmes.
Who cares? I'm from a diversity background too with strong experience. Do I get interviews easier than my peers who are white and not diverse? You bet. Is it because I have a strong background or is it because I am diverse? Who knows. Do I wonder if I got a few offers because I'm diversity and firms need to fill their quotas (especially for the sell side because imo the buyside only wants people who can make money for them regardless of what they look like)? It might well be the case. It doesn't matter. What matters is that you got the internship, and your knowledge and work ethic will speak for itself after you start.
Because white supremacy can only thrive on black inferiority. Basically, the on and off racists who fancy themselves as neutral (the "facts over feelings" ben shapiro crowd) who really are racists and deep down, feel as though they are automatically better-than/above you due to their race/skin color can only feel good about themselves when they say stuff like that. Simply put, it helps with the pain that a brown/black dude/girl you thought you were better than has accomplished something you've not, couldn't, or have imposter syndrome about. Firms like JPMC making way to canceling networking completely when applying for jobs and instead opting to a hireview structure that selects your resume based on AI feels like "oppression" to those who are used to getting by on "legacy admissions" and family/friend connections here and there. They need to make you feel worse about yourself to come to terms with their reality and non/missed-accomplishments. A lot of those types of people score 0% in emotional intelligence, 0% on empathy, have no social skills outside their frat bros group, and grew up with a superiority complex.
As a black dude myself who often times in my college was the only black dude in these high finance programs and organizations, that was my reality. I've had people fill me in that so and so said they felt threatened by my presence. Whatever tf that means. I'm not at a target uni but my gpa is almost 4.0 (top of all my classes), numerous past ib internships under my belt, executive in several organizations at my school yet I know when I do start FT next year, there are going to be those who look at me as, and back chat me as the diversity candidate. Such is life. You encounter racists in all forms of life. It is what it is. The best thing you can do is to do well in your internship, and get the return offer. Fuck those people. Don't let them destroy your confidence as they would like to. Don't let them win.
This is laughably stupid. No one is saying black people aren't just as capable as whites, besides the people who created the diversity programs, which by definition are racist. Don't you find the lower expectation to be a bigoted way of thinking (same with affirmative action)? Whats wrong with a level playing field? This post shows your own insecurity with your own race that you are trying to project on others by assuming their racist for questioning illogical nonsense that SJWs pontificate. Also I guarantee no one has ever come up to you at uni and said I feel threatened by your presence in finance courses due to you being black. You're being ridiculously hyperbolic to support a nonsensical lie you were sold. You're absolutely right that people will just assume youre a diversity candidate which is bullshit but people assume that because urm's are often less qualified diversity hires. If you don't believe that you're lying to yourself.
^^^ Take this guy for example. He's a perfect example of my statement summarized. You learn to ignore people like this.
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Getting a job as a diversity hire is WAY easier than getting hired normally, so whether you are qualified or not, you can thank the bank's braindead HR department for making it this way
Not trying to be a dick but if you feel this way personally, then there is probably a reason. URM's are judged against other URM's not judge against whites/asians/indians. Anyone who tells you otherwise is either a URM or a politician. Its the same reason POC women can get into HBS with 625 GMAT but Indian males need a 770
Because statistically you are a diversity hire. Nobody owes you shit.
In America, it's a form of light reparations - the haters just need to get over it. All of the academic/corporate diversity programs are an attempt to rectify past/current discrimination (the idea of diversity for the sake of diversity is used as a cover). Either the government has to pay out the reparations (which would be a massive payment), or this is the alternative - that a few percent of the overall hires from historically oppressed groups will get an easier path. Just get over it.