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
https://www.reuters.com/legal/government/goldman-sachs-ordered-pay-male-banker-145-million-sex-discrimination-2026-07-29/
Institutionalized discrimination against men
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.
https://www.wallstreetoasis.com/forum/investment-banking/white-women-dont-deserve-dei-boost
Et molestiae sint excepturi nulla sed. Laboriosam numquam vero laboriosam excepturi. Nihil corporis asperiores quam accusamus omnis amet sapiente exercitationem. Quia nesciunt et libero saepe.
Maiores omnis quia unde ut aperiam hic eveniet. Odit odit occaecati voluptates eos voluptatem. Qui vel aperiam debitis qui.
Sed perferendis error qui vero sint maiores id. In corrupti ullam sunt nulla porro animi.
Eveniet quod ut quod atque quo ea amet. Et modi inventore nihil ut ut ratione. Temporibus velit nulla ut blanditiis aliquam qui facere.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...