I am currently going through recruiting and wondering how much being Hispanic will affect my chances. Obviously it is not going to hurt me, but I was thinking of applying to some EB that I know a normal candidate in my position would have no chance at. Background: SEC think(Auburn, Ole Miss, Mizzou), 3.97GPA, decent extra curricular, solid relevant internship this summer.
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A lot. I've seen minorities from no name schools with no experience get into BB's
If you go through diversity recruiting, it will help you a lot. A friend of mine is hispanic, goes to a no name school, has a good but not great GPA, and got a PJT/Moelis offer. He probably killed the technicals, but he had a lot against him as well. The important part about that was diversity recruiting. Most banks are done with diversity recruiting. You've lost any advantage you may have had at those banks; look into the banks that are still doing diversity recruiting.
From talking to my friends that work at bigger firms. You will have an easier time getting in, but it will be tougher on your career because you will be discounted as a "diversity hire". Just work hard when you get in and you should be able to overcome this.
It helps a ton. Apply to all the diversity programs you can (especially the type of program where they bring you in for a few days to network before applications come out, because those really help your application. I know people from no name schools with mediocre GPAs who got jobs at top BBs and EBs through diversity programs.
This isn’t your question, but most if not all diversity recruiting that I’m aware of has ended for 2020 SA...
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It doesn’t help as much as you would think.
Yes. Almost every bank has a diversity process, but those slots are very limited, and you are competing not only with kids in your class, but also with awesome URMs from every other good school and white women who will eat up a lot of spots.
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From my experience, if you are are URM at a target it helps tremendously. I would say it easily makes the odds x3+
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