27 Comments
 

yeah dude all the time in fully white meetings whenever I open my mouth every MD rolls their eyes in unison and mumbles slurs under their breath

 
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I get called currymuncher every morning by our security guards

 

I hate questions like these coming from a Middle Eastern. If you remotely think like a victim you will become a victim in this line of work. Nobody discriminates if you are excellent at your job and play it well politically

 

Let us guess you are a white passing middle eastern who thinks racism doesn’t exist just becuase you get treated better. 

 

Finance at top firms might be the 2nd most brown person job outside of tech including at the senior levels. So many South and East Asian MDs both in the UK and US (UK is mostly South not as many East). Junior ranks of these banks also lean heavily Asian. Wouldn't worry about it. Maybe in some edge cases, but going to be unlikely/rare at most top banks solely due to usual makeup of senior leadership at places.

 

Indian American group head here. Honestly. Zero discrimination in the US over a long time. We are everywhere in this industry.


Internationally, a bit in the UK from old school brits but that was because of the American, not the Indian.

Europe, everyone discriminates, but not just because of the Indian thing, against other Europeans etc

Asia, SE Asia was fine, Mainland China hugely racist, Japan was fine

MENA used to bad but all that has changed 

 

It has not made any difference for me at all, have had good success my entire career, been treated with respect by seniors peers and juniors, been rewarded handsomely come bonus and promotion times… but there is a major caveat. I hate to say this but my brown brethren may need to hear it.

When you’re Indian, you face stricter standards for how you need to perform, look, act, and sound. You don’t get any less credit than anyone else for your strong points, but you get docked much harder for any weak points. A hard working, sharp, good looking, fit, well dressed, confident, funny, positive Indian guy will get treated the same as a white guy with those qualities. But a Indian guy that doesn’t have those qualities, will get treated much worse than a white guy that doesn’t.

Hold yourself to a higher standard brothers. It is 10x more important that are you in good shape, ideally great shape, well groomed and well dressed, with a confident and competent presence, and a positive attitude. Race doesn’t define the man, but the man defines the race. Be the guy that causes everybody that interacts with him have a more positive opinion of Indians.

This helps not just in professional life but also your personal life. More broadly, always remember that you have immense power and influence over how people view the groups you’re in (whether ethnicity or otherwise). The approach I would use to life is not “how does what group I’m a part of impact how others perceive me”, but rather the more powerful line of thinking: “how do my actions impact how others perceive the group I’m in.”  You have agency, never forget that.

 

So be better to be treated equal. All things equal this is the pecking order I have observed racially and is reenforced when it comes to layoffs (non-performance related),

white men > white women > colored women > black/hispanic/indigenous males > LGBTQ > Arab/Asian/Brown males  

 

It’s a good point you raise.  Over the course of my career, I have seen “cultural fit” used as a tool of discrimination when judgments are being made, and this isn’t just about Indian or Asian American, it’s against all sorts of outsiders - I would argue it applies even more so to poor whites than it would for me, growing up with professional parents in the suburbs.

That said, the fact that I got to know, date and study the manor born when I attended an Ivy and the fact that I played varsity sports meant I learned the lingo and manner of the American jock, each made a big difference to me in navigating cultural fit as a junior banker. I knew how to hold my own with MDs and clients and fit in with the associates and VPs. To my seniors credit, they couldn’t have been more welcoming and supportive once I proved myself as a professional.

Nevertheless, a guide for outsiders trying to navigate their way around banking.

  1. Write well, with 1950s Americanstyle as a good goal. Read strunk and white and memorize this. EB White, Roger Angell and John Knowles are good guides to proper written language. For shorter pithier prose Jimmy Breslin and Pete Hamill are masters
  2. Speak like a grown up, Avoid Gen Z language. Johnny from New Canaan can get away with it. You can’t
  3. Dress like your MD, not your associate. For men, invest in a well tailored suit (fit is better than brand) and a few pairs of tailored slacks and a navy blazer.  Shirts perfectly ironed and only white, light blue, or pink. Only acceptable shoes are penny loafers. For women, scarves are your friend. 100% of the women I know who wear scarves as part of their professional attire are successful.
  4. Know your sports and play one. If not, run or bike. It’s also good for you.
  5. Know two of the four - classical philosophy and  literature, pre war Englishliterature, modern art of any nation, western classical music. This is also not just for work but for life. When times are bleak, some Bach and some PG Wodehouse can solve most problems.
  6. know where power lies in your organization and learn the art of being deferential but visible to power
  7. And obviously do your work impeccably
 

In short, be more integrated into the elitist white culture to the point you give up your name, identity and originality. Don’t get me wrong, I agree one needs to be well-groomed, dressed and read. That’s not white culture, that’s being professional but the literary choices can always be more original. Next thing is you got a bunch of South Indians defending Roman Empire and coming across as clowns. 

Simply put, for career profession there needs to be a gap / business need, and the brown candidate needs to be a step above the white contender. Only then are they treated as equal. Even then it comes down to relationships which are tough to develop unless you have tenure in the team. I would suggest brown bankers to stay away from teams that don’t have any brown person VP & above who could mentor them. Don’t count on diversity, for that they want women. 

 

Senior VP in IB-M&A

In short, be more integrated into the elitist white culture to the point you give up your name, identity and originality. Don’t get me wrong, I agree one needs to be well-groomed, dressed and read. That’s not white culture, that’s being professional but the literary choices can always be more original. Next thing is you got a bunch of South Indians defending Roman Empire and coming across as clowns. 

Simply put, for career profession there needs to be a gap / business need, and the brown candidate needs to be a step above the white contender. Only then are they treated as equal. Even then it comes down to relationships which are tough to develop unless you have tenure in the team. I would suggest brown bankers to stay away from teams that don’t have any brown person VP & above who could mentor them. 

I would strongly argue that being successful in the finance industry in the US means being deeply rooted in the traditions of high American culture and if this isn’t natural, it’s something you need to learn. This has nothing wrong with this and it doesn’t mean giving up your own culture. Outside of work, I’m a classicist and I am as interested in classical Rome as I am in classical Sanskrit. 

At least the US and UK give you a shot.

Imagine being an outsider trying to make it in the Mumbai or Tokyo finance scene. I worked in Hong Kong, forget about it. 

 
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