More diversity needed in the industry
"Women accounted for 158,000 — or around 98% — of the 162,000 jobs added in the month"
"Since January 2025 women in the US have added 765k net new positions while men lost 6k"
MBA recruiting is beyond saving. Some shops like GS are bringing in classes that are consistently over 70% women. They also get huge scholarships coming from low-tier corporate jobs with below-median scores.
They justify it by selectively looking at the very top and go like "oh white men hold all the top jobs."
Bro go look at the Senior MDs at Evercore right now. Like 2–3% women, tops. Yet these boomers will gladly support the push for 50/50 at entry level. When is DJ Sol resigning to improve CEO-level diversity among banks?
Based on the most discussed WSO threads, the topic of diversity in the finance industry, particularly in investment banking, has sparked significant debate. While there has been a push for greater gender diversity at the entry level, with some firms like Goldman Sachs reportedly bringing in analyst classes that are over 70% women, the representation at senior levels remains starkly different. For example, at firms like Evercore, women reportedly make up only 2–3% of Senior MDs.
This disparity highlights a common critique: while entry-level diversity initiatives are aggressive, they don't necessarily translate into proportional representation at the top. Critics argue that firms justify these initiatives by pointing to the lack of diversity in senior leadership, yet the pipeline to those roles remains uneven.
As for David Solomon (DJ Sol), his leadership at Goldman Sachs has been under scrutiny for various reasons, including his management style and side DJ career. However, whether his resignation would directly impact CEO-level diversity across banks is debatable. The broader issue lies in systemic challenges within the industry that go beyond individual leadership changes.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/is-david-solomon-too-big-a-jerk-to-run-goldman-sachs?customgpt=1, Is David Solomon Too Big a Jerk to Run Goldman Sachs?, Diversity in CRE, Jamie Dimon on Diversity & energizing office culture - finally someone explains it
They remove and displace men from the workforce, then claim men are willingly opting out and working less.
Been saying this for the longest time. Group Heads and MDs are incentivized to do this. Their bonus metrics are linked to gender targets (DEI).
Don’t buy into this narrative that there are more qualified or better educated women. That is not true at all and in fact, a desired outcome of DEI in the shape of preferential hiring, promotions, quotas, college admissions/scholarships and ultimately lowering the performance thresholds for women.
They deleted the link to Reuters article.
GS settled a lawsuit with a former VP who was fired to facilitate promotion of a woman. GS failed to prove in court that she was any better.
https://www.wallstreetoasis.com/forum/investment-banking/white-women-dont-deserve-dei-boost
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Diversity is simply a way for women to fraud their way in. Obviously, talent will be diluted when you split places 50/50 while applications are more like 90/10. The female side of the equation simply can’t offer the same depth of talent, and that’s okay. We don’t have to force women into everything, including workplaces the majority of them would never want to work in for various reasons, be it the stress, working hours, or old guys harassing them. Although some of them seem okay with it in exchange for promotions and money.
No one gives a shi* about equal opportunities. I have never seen anyone make a diversity hire based on socioeconomic background or parental income. They label it diversity but stay within their privileged, rich-people bubble.
Good luck being a working-class kid. You will need it all, starting with college admissions, where family background, diversity, and a fraudulent life story created by some admissions coach matter more than the dream of making it out of poverty while performing academically.
That's why there are so few women in PE. 1) Many of them do not recruit as they simply realise that they are not interested in finance 2) they lack the technical skills to succeed in the interview process
Small PE shops don’t have the budget to play this gender quota game while large firms still do and you will find DEI Beckies there but not many. It’s the HF space, where they can’t survive.
There are plenty of women in PE especially in MF/UMM lol
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