I spoke to an analyst at P72 who helped me with my research project, I’m in high school, and he was trying to give me some guidance on which school to pick since I want to go into IB—>HF and he asked me if I am Hispanic, which I am. he said this help a lot but didn’t really specify, can any of you explain how this helps? thanks!
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Yes, basically all banks have earlier / easier diversity recruiting, and being Latino definitely qualifies you.
Follow up question, if you are not in one of these orgs. doing the aforementioned specialized recruiting (i.e. LULAC/SEO/ALPFA/etc.) and you still apply normally like any other applicant, does the same statement still hold true? Always saw a lot of ALPFA kids particularly getting crazy internships.
Yes. It definitely helps to be in one of the pipeline organizations, but you're still super viable as just an 'unaffiliated' diversity applicant.
I’m Hispanic and I got an interview at gs IB. Didn’t network or went through any of those programs, and I go to a state school.
Hell Yeah!
username checks out! what does ur username even mean lol
Goldman Sachs Diversity Analyst
Puro Pinche opportunities bro
ahuevo!
Yes; makes me think of someone I know who got a latino diversity scholarship to Darden for his MBA and then went into IB at a BB.
Pisses me off that he got to claim latino diversity even though he can't even speak Spanish and looks like Jimmy Kimmel.
that’s like me, I feel bad abt it. my mom is from Sweden and my dad from Spain so quite the contrast
That’s European — might not get you same diversity consideration. From a recruiting perspective, Latino = Mexico and below (geographically).
Dude I eat guacamole and tacos everyday do i qualify?
yea
have you ever stuck ur pp in an avocado?
Being a URM gives you an advantage in the sense that you're invited to various diversity events (so long as you're a high achiever on paper). As a URM myself, I think that they should take into consideration socioeconomic status. In these events, you'll come across a variety of students who were never at a disadvantage (parents are in the industry, well off, etc.) to begin with, but are simply there because they will be in a better position to receive an offer over other applicants (regular applicants, first gen students, etc.)
One thing that I want to note is that in finance and life in general, some of the best connections that you make are with those who you have similarities with. Whether its sports, school connections, or even race. Having something in common will help you foster a relationship and potentially get them to be invested in your professional development.
You kid, I'd hire you. Love the mindset from an URM acknowledging that its not about URM only but rather or a combination with socioeconomic status.
When I was recruiting, one associate at the BB I interviewed at literally told me that we like you but our 2nd choice is a Hispanic dude and we need him to meet our diversity targets
damn that’s disappointing
legally, thats not how it works and there's no way for the associate to actually tell the race of people who applied so that was just an excuse
Sounds like it was post-superday phone call.
The United States Census Bureau uses the ethnonyms "Hispanic or Latino" to refer to "a person of Cuban, Mexican, Puerto Rican, South or Central American, or other Spanish culture or origin regardless of race"
-US Census Bureau c. 2010
Right, you’re “Hispanic or Latino” because you’re Hispanic. Being either “X” or “Y” makes a “X or Y” statement true (as would being both), but only the former applies to you.
I’m “Black or White” because I’m White. But being “Black or White” doesn’t make me Black.
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