What do return offer rates look like for diversity hires?
Whether you support it or not, I think we can all agree that diversity candidates have a significantly easier time going through the recruiting process. Starting from diversity/exploratory programs which directly lead to first rounds/superdays, to banks having larger and larger diversity quotas, I have even heard that interviews for diversity candidates are less challenging in terms of technicals. So I'm wondering whether there is a significant difference that bankers notice between diversity hire summer analysts vs other summer analysts performance and whether that shows up in return offer %s?
Statistically, I don't think anyone can give an answer as to their return rates. However, I have personally heard a plethora of stories of HR putting pressure on bankers to hire back a "quota" of diversity candidates for FT, sometimes meaning that better performing white/asian kids were overlooked. I'll probably get MS'd for this, but this has been my experience talking with a couple of VP+ at different BBs that I have been lucky enough to know or coming straight from other kids at my university who have had similar conversations with professionals.
The whole thing's a fucking joke that screws over every hard-working white/asian male in the process, just so some SJW can say "wElL i DiDn'T hEaR yOu cOmPlAiN aBouT tHe lEgAcY kId gEtTinG iNtO cOlLeGe" I mean god damn, its almost as if they still need to be competetent at interviews and didn't get into a fucking top BB by answering two basic technicals and attending every diversity summit under the sun.
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