One thing diversity accomplishes
First things first I'll mention that I'm not from the US or in the US so I don't really care about how you americans handle your laws and your selection criteria and what not. I honestly don't care. But as someone who lives in a third world country (although living a well-off and first-world lifestyle) I cringe when people say that diversity programs help oppressed minorities find a place in finance. Let me tell you how diversity really works.
As I said before, I am from a third world country. As you can imagine, a handful of families basically dominate this country. I personally know, am friends with, and even work for some of the people from these families so I'm not crying for a revolution here. I actually think that in the case of my country our oligarchy is quite competent and I'd even make the case that we'd be worse off if one day they disappeared because if they did there would be no counter-balance for the cartels. In my country it is an open secret that cartels know that certain cities are off-limits because they are controlled by the oligarchy. Similarly, the oligarchy knows that other cities are off limits for them as those cities are where the cartels operate. The cartel does not send crime to the oligarchy's cities, and the oligarchs make sure that law enforcement never gets too 'funded' in cartel cities so the cartels can do what they do. It is an arrangement that works.
Now, as much as I respect the current balance of power and support the oligarchs, there is one thing that does bother me a little. If you search for the children of oligarchs on LinkedIn you will find this:
U.S. target school ->-> top BB analyst -> top BB associate -> back to our country -> VP or C-suite at a bank/insurance/family office owned by the oligarch's family. Yes, you heard that right. Our oligarchs use your banks to train their successors. And these people have money, but not enough to . You better believe they are getting in consistently through diversity. You see, despite being 'international' it is also well known that when oligarch women are 2-3 months away from giving birth they are sent to the U.S. so that the children is born american. Dual nationality. And then those kids are the perfect diversity candidate. They don't need to apply for the lottery, they speak spanish as their first language and actually live in a third world country, and they are groomed since birth to be good at finance because their destiny is to inherit the country's entire financial system.
So no, diversity does not help the poor for the most part. Mine is just one country, odds are diversity programs are filled with the children of oligarchs from all over the world. They get sent there so that they have to survive a few years in an environment where daddy's money won't save them. Daddy, in that case, can't have their VP skinned alive for yelling at them for fucking. They have to suck it up. Then they come back here ready for the throne. As I said, I partly support this. We need competent oligarchs and god knows you people fuck them good in their analyst stints. But let's just be honest with ourselves and admit that diversity programs are for the oligarchy, not some actual poor kid born in a cartel gang who pulled himself up by his bootstraps, crossed the border, and magically landed a summer analyst position by telling the interviewer how he had previous finance experience laundering money for Escobar. If you find me one such kid working now at I'll eat my own balls.