There’s plenty of women in junior roles (analyst/associate), but the percent goes down as you get to more senior roles probably for a number of reasons (historically unfriendly environment towards women, new hiring practices not old enough to see the impact at the senior level, etc.).

I think in general banks do a good job nowadays at hiring a similar number of women to men - my analyst class is 50/50 and so is our summer analyst/associate class. Only like 20% of our MDs down to VPs are women though.

And then within that, I have typically seen a high percent of women (and men) come from Greek life. Because typically those groups have tightknit networks and will push for those kids to get interviews/jobs. And also I think that in general they probably come from wealthier backgrounds and may have more connections to WS. Just some observations of my own.

 

I think a lot of chicks also just don't want to be senior bankers, outside of the hiring practices/views towards women. It's a pretty rough job to have overall, and most guys don't want to do it either. 

Plus, chicks gotta think about raising a kid since they're on limited time (risks of having kids later in life, appearance starts declining after 20s, etc.). Unless they plan on having a stay at home dad or hiring a nanny, the woman tends to be the one who bears the greatest responsibility (outside of financially) to raise a child.  

 

My analyst class has a decent amount of females on the team and a few I know that were either part of a sorority and/or Smart Women Securities. There's definitely less of us compared to dudes but most firms have tried to even out the teams. From what I've seen, there tends to be more women in either capital markets or S&T compared to M&A teams but this might be changing. Most that I know from my chapter either went into consulting, marketing, fashion, and a few including myself into finance (IB or S&T).

 

It's a college investment fund that is comprised of Women. Involves your standard student-ran investment fund activities. Also has networking with female professionals, training in financial modeling, and opportunities for women to apply to finance roles that are traditionally male dominated.

Source: They have one at my University.

 

Hey! I'm curious if you feel like more college females are interested in entering S&T compared to the dudes. Where I went to school, classic IB (Advisory) dominated what people for everyone, with fewer people overall going into S&T. However, I couldn't help but notice 7/9 of the S&T people I keep in contact with were female. 

I know you mentioned consulting, marketing, and fashion as popular areas. Was medicine or were non-business related roles like tech or research popular?

=================

[GoLiftSomeWeightsBro] https://www.linkedin.com/company/smart-woman-securities/ I think this is it. It is Smart Woman (rather than Women) Securities, so it could be something different that I'm not aware of. 

 

I've definitely noticed more women entering S&T than previously before and I think its due to the female-focused diversity initiatives that firms have been implementing in recent years. When I was on campus, I remember BBs would attempt to recruit lots of STEM females into S&T. Another reason could be due to the sales part of S&T being more female-dominated, which might inspire more college females to pursue it. Plus the work-life balance is a bit nicer in S&T than IB where you're working less hours (usually).

Medicine was a less popular route but I knew two that managed to get into med school from undergrad. Most that I knew went on to pursue masters in public health or something along the lines of health sciences as well as nursing. For tech, it was product management or sales/marketing/business development roles.

And yes, it's Smart Woman Securities. Apologies, I accidentally misspelled it in my prior comment!

 

These sororities girls are ducking annoying always talking

 
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The targeted 50/50 male female ratio many banks have is ridiculous. Non-discrimination would mean employment reflects the composition of the applicant pool, and the applicant pool for IB is like 90% dudes.

 

The one who's gay as fuck is the guy who wants to work with women

 

Women pretty much get a free ride these days. PE also aims for 50/50, but 90% of CVs are from men. 

 
Controversial

There's 4 general types of women that I've observed in IBD, by descending order of preference:

1. WASPy sorority girls from top privates/flagship publics (think Duke, USC, Dartmouth, Penn), very attractive and fun to be around

2. Southern/lower income (relative to group 1) sorority girls from midrange publics, usually more diverse, (think UCLA, Penn State, UMiami, Bama), very attractive and fun to be around, although not as sharp as group 1 (more bimbo-y if that makes sense)

3. Hardo asian women, not very attractive, decent personalities, personally indifferent

4. Black/native/hispanic DEI deadweight, loud, rude, obnoxious, stupid. Makes me want to wear noise cancelling earbuds to work.

 

Majority of girls going into IB at my school are in sororities

 

Prepare for mostly awkward Wharton asian ones that’s about it 

 

Stupid but genuine question so don’t roast me - what exactly IS Wall Street? Is it just finance in general? Finance in New York? Is it an actual street in New York? 
 

if I work as a software engineer in midtown Manhattan at a large fintech company, is that considered “Wall Street”? 

 

So it used to mean working in a traditional high finance role in a firm physically located on Wall Street in FiDi. Then 9/11 happened and firms started to disperse for security reasons (+ the age of the internet made it possible to do markets role without actually being in proximity of the stock exchange), and the term became somewhat watered down to refer to all of Manhattan. Today only a handful of banks (I know TD is one of them) could claim “working on Wall Street” by using the old definition.

Array
 

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