Diversity vs Non-Diversity Base Pay Discrepancies?

Do diversity hired get paid differently as non-diversity ?Context: I'm a SA, I compared my hourly wage (diversity) to a non diversity hire and they are getting paid more than me even though we are basically doing the same job.

Comments (41)

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Jan 13, 2022 - 4:55pm
Anonymous Monkey, what's your opinion? Comment below:

Give some context of the pay difference so we can help answer..

What is the pay difference amount? What bank? Are you in same group? Etc..

Hard to answer this question without that information

Most Helpful
Jan 13, 2022 - 4:56pm
Captain Rex, what's your opinion? Comment below:

Don't really want to disclose the info but at a top 10 IB in NYC, same group, both are of us are sophomore SAs. Getting paid $36/hour compared to my peer who's getting $41/hour

Jan 14, 2022 - 12:54am
JPGoldmanStanleyMD420, what's your opinion? Comment below:

what the hell does "top 10 BB" mean? there aren't even 10 BBs

Array

  • 1
  • Prospect in IB - Cov
Jan 16, 2022 - 11:25am

You were hired on worse / easier standards so you're getting lower pay...I don't see the problem here

Jan 13, 2022 - 6:59pm
373898, what's your opinion? Comment below:

Would also note potential differences in tax elections / state of primary residence as possible sources for discrepancy. For example, if you live in NYC, you're subject to city tax whereas someone with a primary residence out of state is not subject to NY city tax. If you and the other person feel comfortable, you can compare the withholding items line by line on your paystubs and see where the difference is. 

Edit: this assumes identical titles

Jan 13, 2022 - 7:25pm
Steve_WillDoit646, what's your opinion? Comment below:

They pay sophomores less it's fine man just wait until next year. It's always been like that

Array

  • 1
  • Intern in IB - Cov
Jan 13, 2022 - 7:29pm

I have both a sophomore and junior year internship with the same firm, but my offer letter for junior year won't be sent out until a week before I start my sophomore internship (so around late May/June)

Will my junior year offer come with a pay bump ?

  • Analyst 2 in HF - Event
Jan 14, 2022 - 4:20am

OP needs to step out of that victim mindset and provide more information besides "another summer analyst is making more than me." Have you seen the news lately? Have you heard of affirmative action? Firms are paying TOP dollar to hire and retain top diverse talents. They would not want to lose you over a couple of dollars an hour and risk an entire lawsuit. Use your brain and stop creating unnecessary conflict. 

  • Intern in IB - Cov
Jan 14, 2022 - 9:20am

Nobody is playing the victim role. I simply asked if different pay is a thing given that normal hires are usually much more qualified thus they are given a higher base pay.

  • Analyst 1 in IB-M&A
Jan 14, 2022 - 8:26pm

Diversity candidates get 40k more at one EB in signing bonus.

May 8, 2022 - 7:07pm
MfckngChimp, what's your opinion? Comment below:

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