Return Offer Rates for Women?
How high are the FT return offers for women? I would think they are very generous to balance gender in the industry. In what cases would someone not get one? Genuinely curious, please keep it civil, thanks.
Once you’re an intern, diversity doesn’t matter as much as it did during recruitment. You need to perform and prove your worth.
You’d hope that would be the case. However, during my SA stint a lady with terrible performance who also got into arguments with analysts and associates got the return over dudes who grinded their ass off (and this was at an EB).
This is completely anecdotal and maybe it was a one off thing I am not sure. Curious to see if others have seen something similar happen.
Not saying women have it easier, but I am willing to bet firms may be more lenient towards certain folks in order to meet their diversity quotas.
Not true. Diversity quotas happen throughout your career. If banks are aiming for 50/50 intern class gender split, they're not gonna let that slip to 70/30 for FT are they. With diversity quotas you are competing within your demographic, not with the whole cohort.
That's almost exactly what happened in my class. We went from a couple black women to exactly 0, for example.
Women generally earn preference but there are some trends that show negatives towards women. Especially in banking, a married woman in her upper 20s or lower 30s is already gonna be at a big disadvantage to a single man in his mid 20s. They want people who will work long hours and not have kids or other major priorities to take care of. Social life is good, but that's why banking isn't for everyone, or even most people. But a single women in her mid-20s would earn the edge on a single man in his mid 20s for diversity. Of course they won't know the relationship statuses in the interview as it's still private, but usually will find out within months where the employees commitments are.
Of course technical skills are the biggest factor. I don't want to minimize those, but some job offers may tilt you in another direction depending on those social priorities.
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Honestly? Just don’t be like that girl at BofA or wherever that used racial slurs on a zoom call
It’s as close to an auto offer as you can get
Lmao what’s the story there?
Look up: “BofA New FT Analyst Making Anti-Semitic Remarks WSO” on google and u can access the thread from July 2020
With most SA opportunities, the return offer is yours to lose regardless of your gender. If you prepare well and truly give your best effort, you will more than likely get a return. If you do poor-quality work and don't get along with others, you won't be worth keeping around just to balance the office gender ratio. So, go into it with the perspective of needing to prove that they made the right choice by offering you the job, and you will be fine.
The number of incompetent male bankers is absolutely higher than female bankers just due to statistics. However, an underperforming male banker is seen as just a bad banker, but an underperforming female banker is bad because she’s a woman. There’s a ton of confirmation bias in these threads
It’s similar to the belief that women talk more than men, when the reality is that women talk less at work but are perceived as talking more (by men)
If women were truly given a leg up in the industry, you would see more than 1% female MDs. At the end of the day it’s still a boys club and these boys wouldn’t trade a day as a woman. Y’all can stay mad but it’s the truth
Can’t tell if you’re a massive simp or if you really believe that women basically shoulder all of the world’s burdens. It’s pretty pathetic either way
Women attend college at higher rates, are over 50% in med school and law school, and make more on average in 20s than average similarly aged male.
Tired of this nonsense. They have everything handed to them despite trending higher than males in every metric imaginable.
If the top candidates are all males then I want an all male team in IB. Girls need to perform. Otherwise they can go become doctors or lawyers where they outnumber men and have numerous diversity hiring programs assisting them.
Quick look through your post history shows you are a racist and antisemite. No big surprise you're a sexist hiding behind seemingly innocuous arguments of "oh I just want the BEST, is that too much to ask".
The day Wall Street pushes you lot out, the better.
Reference: laughing at a comment insinuating that Jews run the world (WEF conspiracy)
Saying Indians don't shower
Getting banned from reddit for "posting race statistics", we all know what people actually mean to say when they do stuff like that
My God, you're a vile person lmao. But, perhaps, perfect for the WSO gang who are pretty much all looneys anyway.
As I've said in other threads. I'll caveat that I assist in the diversity hiring process at my bank but am not "diverse".
I've seen women be given far more slack both in analyst hiring and certainly in lateral at all levels.
Honestly you can be mediocre as a woman and get the offer over a strong non diverse candidate.
Since most intern classes are >50% women anyway, it doesn't matter. A bad (female) intern will not get a return offer, but the bar of being 'bad' is pretty high. I saw it last year, it didn't matter if you were a woman or not, if you were bad you were cut (BB bank). But in most cases, banks will try to convert the entire intern class, so that meets the % ratios anyway.
What if there’s 18 guys and 5 girls lol
lol my bb analyst class has 4 girls and 17 guys
Depends if ur the Lazard intern or not
Far easier to get a return for a woman/other diverse groups. A girl who couldn't put together company profiles without hand holding got the return since we had to manage our quotas, but this led to a guy intern who would have otherwise received a return miss out
It's easier because women aren't competing with the whole intern class for the return offer, they're only competing with the other women. And women in the intern class on average are going to be of worse quality given it was far less competitive for them to get there in the first place due to diversity quota hiring. E.g. a 20th percentile performing intern may be a 50th percentile performing woman so they'll be safe.
Stop being lazy and relying on the diversity status.
It shouldn’t matter if you perform the same as everyone else
thats not how this industry works lol
If publicly traded with ESG metrics, then yes, rates will be significantly different.
Plenty of women relying on quotas and in appropriate relationships with seniors to keep their spot. Come to liberal dump like Canada and see how easy these women have it.
Can we just have like a pinned post on this website explaining that in every situation that matters women will be favoured, and the extent of the favouritism is based on the bank? I'm kind of tired of these posts and the DEI posts given that the same incentive structures that were in place in 2020 are still mostly here today.
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