Should I Undergo Gender Reassignment Surgery To Break In?

I'm a first-generation rising sophomore at a semi-target, and after seeing how much diversity quotas has wrecked my school's placement to the point that only 3 non-diverse candidates have landed a BB/EB offer, with one being a nepotism hire, I feel as if I need to resort to falling under a diversity checkbox in order to land an offer.

I'm Portugese, and I have been told that I don't qualify as Hispanic/Latinx when I applied to insight/diversity programmes, despite Portugal's economy being unhealthier than Mexico or Brazil's, for instance. My family has taken on quite a bit of debt so I could attend college, and my disabled mother who can't work, as well as my retired grandparents on a paper-thin retirement income all rely on me to provide an income after I graduate, as my father is a construction worker making ~25K.

I'm seriously considering taking out more loans to get surgery so I can be transgender and have a genuine chance at being hired for a role. Whatever notion I held that this industry, and to a lesser extent this country was a meritocracy has been violently dispelled following this year's atrocious and unjust treatment of non-diverse candidates during the recruiting season.

I would practically be disowned by my hardcorely-religious family as well as ostracized from my community (I grew up in a very conservative town in a southern state) if I committed to becoming transgender, and I would have to rely on freezing my sperm if I ever wanted to have kids, as I am an only child and my mother desperately wants me to have kids. However, frozen sperm is far from a guaranteed thing when it comes to being able to have kids, so it's another risk I have to take.

Should I do it? I can't believe it has come to this, but after thorough research and first-hand evidence that I have seen or heard, this seems like my only shot at securing decent cash flow for my parents and grandparents when I graduate.

Comments (83)

May 8, 2022 - 3:11pm
sasha4eagle, what's your opinion? Comment below:

You probably recruited for SA roles back when all you had to do was show up to an interview and color inside the lines. The process has changed drastically, even from last year - having just finished recruiting, I barely scraped two first round interviews together even after having done part-time IB analyst work for the last year, maintaining 4.0 GPA, doing 60+ networking calls, and coming from a target school all while having people on the phone tell me I was "ahead of the curve."  Respectfully, you don't know a whole lot.

  • Intern in IB - CB
May 8, 2022 - 3:18pm

I do not understand people like you. I'm a non target, done less than 5 networking calls and gotten 4 first rounds. And I am recruiting for 2023 as well, so I know exactly how it is. Just learn how to talk to people, that's probably your issue. If you do that much work with that many calls, it's more you than anybody else.

  • Analyst 1 in IB - Cov
May 8, 2022 - 11:11am

Most heterosexual lusophone

Most Helpful
  • Associate 1 in PE - Growth
May 8, 2022 - 11:21am

You don't get offers because you have pathetic thoughts like this. Get a grip, there is more to life than getting a job at Goldman Sachs. If you aren't having success, try lower ranked institutions-its much like applying to college. Do you think you should have become transgender to go to Harvard? No, that's ridiculous because your semi-target likely works just fine. Much in the same way, if you don't get into a BB or EB bank, there are plenty of other banks that might allow you to lateral eventually. Or, you might realize banking actually isn't a good match for your skill set and you can be more successful and happy in another field. I expect this post was written as some sort of political statement, but underneath it is legitimate feelings of fear and anger that you aren't successful in getting the roles you want. My advice, life is a marathon, not a sprint. Read one of the top posts of all time that talks about how your first job doesn't matter. I had numerous colleagues who started in accounting, did an MBA, then moved into banking. I also have numerous friends who did banking then joined startups are even one who took a wealth management job because they hated the hours. Life has a lot of different variables and the path to fulfillment and happiness is different for every individual person. If you take time to determine what your own path is independent from everyone else and work toward it you will be happy-trust me, no one on their death bed is unhappy that they worked at x firm instead of evercore. You might go to another firm and meet your husband/ wife or meet a friend that you later start a billion dollar business with. There are so many variables-stop obsessing over an internship.

May 8, 2022 - 12:34pm
j_castillo14, what's your opinion? Comment below:

You don't get offers because you have pathetic thoughts like this. Get a grip, there is more to life than getting a job at Goldman Sachs. If you aren't having success, try lower ranked institutions-its much like applying to college

I don't have the privilege of having an "EB/BB or bust" mindset. I've been applying and reaching out to boutiques, MMs, Big 4 and back office roles as well. The truth is, even those roles are saturated with diversity quotas that I don't qualify for, making them equally competitive for a candidate with my background and demographics.

  • Intern in IB - Gen
May 8, 2022 - 1:08pm

If everything about your post is true then you're just a shitty candidate. Quit harboring bigoted feelings towards others and maybe don't be a total asshole (your post is evidence enough that you're a tremendous asshole) and your networking will get you somewhere. An enormous portion of getting interviews and converting on them is being likable. Why on earth would someone pick you over another equally qualified non-diverse candidate who is probably humble enough to acknowledge their shortcomings and work on them rather than scapegoating others for their lack of success? They wouldn't. If you aren't likable, which I'm inclined to believe is the case, then you're not going to make it far in a CLIENT SERVICE industry whose success is dictated by the formation and maintenance of long-term relationships. Get a grip bozo. Trans people aren't why you aren't getting offer. YOU are why you aren't getting offers.

May 9, 2022 - 11:09am
teamryan15, what's your opinion? Comment below:

Sounds like you're just shit at interviewing or come off as unlikeable in the interview process. Judging from the fact that you've made this long post thats got a sprinkle of ignorance, bigotry and woe is me, I am going with a little bit of column a and a little bit of column b. 

  • Intern in IB - Gen
May 8, 2022 - 12:43pm

It this isn't a troll then not breaking in won't be because you're not diverse. It'll be because you're extremely unlikable

  • Intern in IB - Gen
May 8, 2022 - 3:03pm

I'm Portugese, and I have been told that I don't qualify as Hispanic/Latinx when I applied to insight/diversity programmes, despite Portugal's economy being unhealthier than Mexico or Brazil's, for instance. 

Portugal's per capita GDP is 3x that of Brazil and Mexico's. Focus on becoming a good candidate and not posting stupid rants like this.

May 8, 2022 - 7:35pm
j_castillo14, what's your opinion? Comment below:

However, it's GDP has been declining for a while, whereas Latin America's has experienced phenomenal growth, which is an indicator of current economic health, and thus opportunities.

  • Intern in IB - Gen
May 8, 2022 - 8:49pm

The aggregate economy of Portugal may be worse off from a future perspective. Still, the average Mexican or Brazilian has a far lower quality of life than the average Portuguese(which is more relevant).  

  • Consultant in Consulting
May 8, 2022 - 3:17pm

If this was really your plan you could just tell them you were transgender and they can't question it, no need to get surgery. The "rules" of this regime are that self-identification is all that matters, so if you say you're a trans woman, you are!

  • Intern in PE - LBOs
May 10, 2022 - 5:46pm

You'd seriously rather go trans than say you're bi because its "too obvious"??? Could you please confirm this isnt a joke, that you are really considering reassignment surgery? I find it impossible to believe this isnt just you begging for pity because you couldn't get an offer.

May 8, 2022 - 5:40pm
IncomingIBDreject, what's your opinion? Comment below:

If you're considering getting the surgery you're already in the "questioning" phase which is enough to be LGBT+

And before people downvote me look into the definitions of LGBT+. It is so broad what falls into the umbrella these days that my comment isn't as inaccurate as you think.

Array

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May 9, 2022 - 3:39am
Kevin25, what's your opinion? Comment below:

exactly. that's why it's called LGBTQ+, with Q meaning queer, which OP can qualify for, and + includes nonbinary, which is also close to OP.

May 9, 2022 - 11:13am
IncomingIBDreject, what's your opinion? Comment below:

LGBTQ is still a shortened version of the acronym. Obviously the acronym keeps getting larger but I believe it's something on the lines of 

LGBTQQPIA+ now. The second Q is questioning which includes anyone who has questioned their gender identity. 

Array

May 8, 2022 - 6:22pm
Pio nono, what's your opinion? Comment below:

Don't worry. Whatever place does eventually hire you will be a winner. These other places are just sowing the seeds of their own destruction. 

May 8, 2022 - 6:38pm
streetstreeter33, what's your opinion? Comment below:

That would just make you fall into LGBTQ recruiting. So why tf would you do surgery to get there? If you must resort to this just say you're gay. You literally don't have to do gender-reassignment, just pretend to be gay and you'll get the same diversity points. 

  • Analyst 2 in IB-M&A
May 8, 2022 - 7:03pm

Lmao this is unreal, I got into a BB as a straight white guy from an non target that sends 4 kids to IB a year. Get a grip and work harder.

  • Prospect in IB - Gen
May 8, 2022 - 8:16pm

Alright analyst 2, you wouldn't have made it in 2023. Shit has gotten way worse. Enjoy being passed up for a promotion when it catches up to you!

  • Research Analyst in HF - Other
May 8, 2022 - 11:16pm

chill man this is definitely a shitpost. If OP has half a brain cell, he would rather lie about his race (he could easily pass as mexican) than take out a LOAN to get trans surgery.

May 9, 2022 - 1:03am
her interest-nah-carried interest, what's your opinion? Comment below:

"this seems like my only shot at securing decent cash flow for my parents and grandparents when I graduate."

Sheesh man breaking into IB is not life or death. Assuming you keep up your studies you can work in corporate development, real estate, valuation, or something similar that will value your merit if you do not break in. 

May 9, 2022 - 12:01pm
fidnevejsjd, what's your opinion? Comment below:

I don't think anything has changed since I recruited full-time last year. 2021 graduate from non-target (big ten) school that got an offer at a MM European bank in NYC with zero networking. Not sure what you're doing wrong but I had multiple first rounds at many banks in research. Maybe look to lower-ranked institutions and those not on your radar currently.

  • Intern in IB - Cov
May 9, 2022 - 2:07pm

Do you all realize that normal recruiting is currently under way, its way less formal and structured than diversity processes, stop being an absolute weirdo

  • Associate 1 in IB - CB
May 9, 2022 - 3:25pm

I think this is a joke question based on a true underlying premise, in which case I'd say just go ahead and check the "Hispanic" box, I'm pretty sure they legally can't question it. While you're at it go ahead and check the LGBTQ18FNEGP] [email protected] box as well, nobody is going to check your junk. 

May 9, 2022 - 3:48pm
OjaySeenson, what's your opinion? Comment below:

This guy has to be the most unfortunate person on the planet. In my canadian MBA class, none of the intl students or immigrants got any of the post MBA IB/cap markets roles. Should we accuse tẹ banks of racism and start seriously considering bleaching our skins so we look more white since "that's how to land a Canadian IB role"?

This has to be a troll. Either that or...I'll just leave off internet name-calling for now.

  • Analyst 1 in IB - Cov
May 10, 2022 - 4:56am

Portuguese is definitely close enough to hispanic they'd never know or care. Also huge L if you can't break in without tapping the diversity processes. I got in from a non target, it's not rocket science. Focus on networking and interview prep.

May 10, 2022 - 6:03am
DipDevour, what's your opinion? Comment below:

I hope this was a joke. Or maybe he's mentally is masquerading his gender confusion under the guise of getting into an investment bank. I can't believe this was actually posted😂 I wanted to think it was satire but absolutely to dry. The only humor is how big of a nutcase this guy is.

May 10, 2022 - 10:43am
Bank_, what's your opinion? Comment below:

Nice.

While this can be frustrating at times, you have to pick your head up and accept it (and there is good that comes from these diversity programs, don't get me wrong).

I'm non-diversity, semi-target. I started networking before my freshman year. This last cycle, I got offers from every group I interviewed with and landed at a top group at a BB. All the while, people would tell me "not to worry" and "you're ahead of the curve" or maybe even "go enjoy college, man." If anyone tells you those things, you are doing something right. My friends would legit make fun of me for grinding all the time. It sucked but paid off.

Everyone that makes fun of kids that take an extra Friday or Saturday to maintain the 4.0, prep for an interview, or remind themselves of their goals can go enjoy their job as a "sales development representative" at a startup.

This is just the way it is. If you want it, you have to earn it.

May 10, 2022 - 3:33pm
PaleNimbusWhite, what's your opinion? Comment below:

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May 11, 2022 - 10:33pm
wsomaster, what's your opinion? Comment below:

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