White Male offer rate at my BB was like 30% (Srs)
All diversity in my group got offers.
Honestly, if you are an above average intelligence white male (but not genius), choose your groups/banks wisely. You want to be in the top 30% against your race/gender. So if in normal times you could go to JP Morgan and get an offer, now, consider interning at UBS/Barclays or something.
If you are a straight white/asian male. Good luck. Return offer roundtables are incorporating race and gender into the mix. Really sad to see
EDIT: Lol at the MS from diversity hires. If you dont believe me, ask anyone that sits in on return offer round tables. There is a quota for diversities that makes it roughly ~4-5x easier to get offer than non diverse. The quota effectively only makes diverse kids compete with other diverse kids who are measurably worse than non-diverse kids
The white/asian males who make it through must be amazing given the wild diversity hiring banks have been doing recently.
I understand the theoretical argument that clients want their service providers to be diverse, but in reality, does anyone give a fuck? Seems like clients who are passing over banks / law firms / accountants / consultancies on the basis of racial diversity are edge cases, not the norm. Hope this behavior (and broader line of thinking) stops.
Ok this is gonna be the last time I talk about this topic because anybody and everybody that even hints at DEI initiatives being anything besides the worst thing imaginable gets MS'd.
Stop. Complaining. About. Being. Straight, White, and Male.
This group (myself included) is at such an advantage in literally every other facet of life, sans college applications (which is soon not going to be the case... apparently [SCOTUS rule means nothing imo]).
I have no other way to put it than this:
Do you guys remember the grind of recruiting? The incessant networking and practically begging for a job by trying to find some sort of connection with a banker to get them to like you? I want you to think back about how many of those bankers were white men.
I probably did 100 phone calls/interviews.
Here are the stats:
If you can't connect the dots why the DEI programs exist, then idk what to tell you. Is it BS they have way easier interviews? Yes. Is it BS that (if this post is true) returns are lower for straight white men? Yes.
But if you really got it like that, this entire DEI thing should give you a mean-streak and the lower return rates shouldn't matter because then you truly got it out of merit. I wear the 'harder' path of a white male as a badge of honor, not as a woe-is-me victim card. Some of you guys want to make yourselves to be the victim so fucking bad it's repulsive.
To hammer the point one FINAL time, I'll ask this:
Would you HONESTLY rather be a straight white male, or be a POC (man or woman, gay or straight)? Not in a when-it's-convenient context, but live your whole life as one of the options.
Sorry man but this is a bad take. When controlling for income, URM groups are absolutely not worse off in every other facets of life. Furthermore, telling me you only saw 2 POC and 2 women means you are either lying or just completely misinformed. 50% of most Analyst classes are mandated as women. You are really expecting people to believe that throughout your ENTIRE networking grind you saw only 4 non white males?
People's issue is that people are being discriminated against based on their race/gender in a very meaningful way (see Harvard lawsuit data). Furthermore, why do only some minority groups deserve this positive discrimination? I don't see Mongolians or Laos origin individuals getting anything. You are completely coping if you think diversity recruiting isint a grift utilized to appease ESG interests and feign the look of being "diverse" when most of the "diverse" people are rich people who happen to be a certain race/gender
"When controlling for income" lol that's rich (no pun intended).
We're not talking about this in a vacuum. Because in a vacuum, nobody's judged on race or gender. That's not real life, however, nor is DEI.
Do you honestly think the majority of DEI internships are going to rich POC? How many rich POC do you think there are?
To flip your stupid narrative, let's "control for race" but move across a spectrum of income. Whose more likely to get the job; Tanner from a blue-collar family with no connections, or Cooper from the son of a big-oil partner?
In a vacuum, again, it wouldn't matter. In the real world, it absolutely does.
So let's put everything into real world perspective; lower income, POC, and trouble connecting with current employees (as much as the comment below refutes this point, there is ABSOLUTELY a sub-conscious controller of how well you connect with someone). Seems like an impossible equation to get a highly sought-after job.
Someone else being the same gender and race as you is not a prerequisite to getting along with them. Especially in a professional setting.
DEI initiatives are corrupt and I hope they are made illegal soon.
I literally came from this. I spent a significant part of my childhood in a trailer, it just wasn't part of a trailer park.
Yes I am. The biggest fucking key to making it out of the environments we grew up in was faking it until you made it, as I'm sure you know. And there is absolutely still a bias toward women in the corporate world. The largest point you (along with others) seem to keep missing is that we have advantages we don't even acknowledge. We've never had to think about managing expectations or having a certain persona or any of the other BS women have to deal with, because we aren't women. So try combining that background and then add the extra hassles women have to deal with in the workplace, and then still try to fake it until you make it.
By crying about potential biases based on gender and race, white/asian males are literally doing the same thing as diversity hires. Everyone is just victimizing themselves. Stop blaming other people for your problems.
Hey buddy,
the difference is that
a.) I am indian. I am a social minority that has gotten brutalized by white people as well. You ever see the stereotypes I face different, weird, smelly. I have no representation in media etc etc. I do have the right to be angry. I cannot integrate as easily in this country as black and latinos
b.) While I suffer the consequences of racism. I get no benefits. I actually have it harder than white people in terms of even going to a target school and getting a banking job. Latinos and blacks still have more industry connections that most indians at this time.
but heres the thing, I don't even need special treatment. But, I literally am getting penalized along with the rest of my asian race for trying to work hard and make the best out of my situation.
I have the worst starting position, the worst acceleration, and the worst outcome. So yeh, it pisses me off when people doing half the work get shit handed to them cause biggots like a.) don't acknowledge racism when it comes to asians cause you stratify the top 1 percent of our population when coming to this country and b.) don't speak against blatant injustice.
Instead of saying toughen up to people who have think critically for once.
Ironically, diversity hiring is by definition literal institutionalised racism.
Hey man don't say that.
All black people even lebrons kids are still facing systemic racism from laws that don't exist anymore. Your being really insensitive.
Just contracted aids from reading this whole thread. Abysmal takes fr, I’ll contribute though
I’d honestly argue that if u know of IB recruiting u likely aren’t in any position to need an advantage over another candidate. Mf’s on this thread act like DEI is the way to make it fair, when in reality If ur recruiting for IB then u likely aren’t a significantly disadvantaged person… like who tf actively explores high finance that is SEVERELY disadvantaged, POC or not.
Let’s not lie to ourselves here, this gate kept, prestige driven career path that is surely not tailoring towards the vast majority of “diversity” candidates that it was put in place for