The extent of diversity recruitment
Hello there,
I know that this can be somewhat of a radioactive topic so bear with me.
I recently received an offer to study at a semi-target in the UK. I also happen to be a black guy. I hear a lot of talk about diversity recruitment and schemes on here and how they are basically a “cheat code” to break in. Now I’m just a naive Year 13 student so I don’t know whether this is true or not. What I was wondering was whether these programs are actually some sort of backdoor into the industry or just a subtle nudge. I don’t necessarily believe in these programs and I want to be someone who can break in based on their merit but it would be helpful to know the extent of this stuff.
Thank you (and sorry for any naivety or ignorance. I’m new to all this stuff)
Do you think Chad feels undeserving of his nepotism spot? Why should you feel that way about diversity recruiting? Yes, it is a back door. There is no honor in merit or whatever. There is a lot of luck involved in recruiting so take any advantage you can. You can prove yourself when you hit the desk and show everyone why you deserve your spot because they will assume you are diversity whichever way you get there. Seriously put the work in before, during, and after recruiting to learn and have the goal of adding value to your team as soon as you can. If you are productive, curious, knowledgeable and alright socially nobody will give a fuck abt how you got there so why should you?
Don’t let your salty peers or some of the assholes on here make you feel less than for taking advantage of opportunities presented to you. You did not create the system and you will not change it by abstaining. Believe what you want morally or politically but don’t let your pride get in the way of your success.
As a Chad, I can confirm
This is extremely well put. Nice work!
Imagine thinking every white guy is connected. Clowns. Classic rich liberals
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Why would you care either way? Life isn’t fair. Diversity programs will benefit you. Use them to your advantage. Not much more to think about
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This is what I was going to say, people on here think you just randomly got picked from the diversity event. In fact, most diversity students tend to be semi, and target schools focused with some sprinkles of a few non targets. Sure, Superday's technical may be easier, but it all comes down to that return offer, would love to see the return offer rate for people from diversity programs so all this nonsense bs can go away.
Almost seems like this website likes to create division between diversity and those who came from good backgrounds growing up. Will even add some of the diversity people I met in programs came from wealthy backgrounds, good schools growing up. The entire recruiting is completely broken, nobody actually cares about this besides filling the quota from c-suite decisions.
That’s because it is bullshit. Diversity candidates are not scrutinized remotely to the same degree during recruiting or interviewing. It is cope and delusion to believe otherwise.
Diversity translates into more shots on goal. It’s up to you to be good. There will be many programs offered only to you that boost your resume, give you exclusive information, and often lead to interviews in a separate diversity process.
For example, sophomore summer internships are basically segregated where diverse students can get into programs at larger banks and everyone else goes to a boutique bank. This experience gap can be quickly closed, but it’s a distinct advantage when recruiting for junior summer analyst programs. Take advantage of anything offered to you, and make sure you perform so well that nobody would care how you got the job.
And never talk about ‘how you got in’ with your coworkers. An analyst in my class got drunk at an event and started explaining something about getting an interview because of a family friend / favor. Don’t give anyone a reason to question whether you belong. Wherever you get hired, you all were hired for a reason.
I went through diversity recruiting years ago. It's not a backdoor at all lmao, it's more of a nudge because the other diverse candidates you're competing against have the standard elite profiles (e.g., target school, relevant internships, high GPA, etc.). It's not like you're not competing against other black kids who are cashiers at McDonalds, these are highly qualified candidates. Whoever says otherwise is just a salty white guy.
FWIW I don't really love the idea of diversity recruiting but it's like the only benefit we have w/ regards to recruiting and it would be stupid to not take full advantage.
No shade since you're just using all the opps presented to you like anyone else would but let's not pretend the diversity process isn't a huge backdoor. I'm on the recruitment committee at my firm and there is a massive difference between the kids accepted from diversity programs and normal programs. They are not "highly qualified with elite profiles" - maybe around 10% of the kids accepted via diversity could do it in the normal process
Mother of all good, all the female diversity hires are some white annoying girls with rich dads and moms that had a great upbringing Whats so diversity about that. Tf hire women from single parent household low income families stop hiring Sarah’s and Cathie’s
Mother of all good, all the female diversity hires are some white annoying girls with rich dads and moms that had a great upbringing Whats so diversity about that. Tf hire women from single parent household low income families stop hiring Sarah’s and Cathie’s
I have no qualms with people using any ethical edge they can but you’re drastically downplaying the assistance diversity recruiting provides. There is a reason diversity candidates are compared with each other and not the general pool. The vast majority wouldn’t be competitive.
Worst take I've ever read. I attend a target, 3.8 GPA and tons of on-campus finance experience. Unfortunate for me, I am an Asian male and can't get past resume drop for a single firm for 2024. I've networked. I'm not behind. I have my shit together.
Isn’t it still pretty early for 2024? Not sure if many opps came out yet this early
Don’t worry, weirdo diversity kids and those who support these racist policies bend over backwards to pretend like they aren’t asked the easiest interview questions and held to the bare minimum standard. Everybody understands the game, just some don’t want to admit it for their fragile egos.
This is the dumbest take I've read on this site in a long time. Diversity recruiting is a HUGE backdoor and systemically it screws over a lot of candidates
Don't get me wrong, if you are a diversity candidate -- take whatever edge you can, you'd be foolish not to. Though don't go around pretending like it wasn't a huge backdoor, I've seen black kids with 3.3 GPAs get interviews and land internships at MS / GS yet Asian kids with 3.8 won't even get a shot. Don't pretend it's just a 'little nudge'
just as broken and disgusting as nepotism, especially the ones that abuse the chance and don't value it
Frankly, merit doesn't matter. Everyone is advantaged in some way no matter their race, gender, wealth, or place where they've been born. There will always be someone who also wants to achieve the same goals as you but who is at an even greater disadvantage.
Who cares what race you are. It’s a way in and take it whilst you can.
If you’re worried about the diversity label being on your head, prove people wrong. They’ll soon shut up
If you turn down an opportunity because you want to be a “Merit” hire than idk what to say.. the world doesn’t owe you anything and you don’t owe it…. Take every inch they give you bc they next person will and I sure would….
There's a few comments here suggesting that it's not a backdoor, it's just a chance to get early experience (soph internship) and then no advantage beyond that early experience.
Those commenters are trying to be positive, but there's a better way to approach that.
It's not accurate to say that race isn't a major leg up in IB recruiting. It's a major leg up. You need to be qualified, but a lot of people are qualified and few get the job. Having an extra differentiator like diversity makes a huge difference. Denying it doesn't help anything.
The right answer is that many of your IB classmates will be in the same situation: i.e. they're qualified but some differentiating factor gave them an un-earned leg up. There will be people who had parents connected to the bank, or who went to a super-target (Harvard etc) because their prep school is a feeder, or who benefitted from a jock-sniffing MD that gets a rise out of hiring athletes.
Add up all those, and a meaningful chunk of your class has as big of an un-earned edge as you. I wouldn't say most, but a lot. In fact, a few might have such a big leg up that they're not even qualified. At least a diversity hire will need to be qualified. So don't sweat it at all.
morgan stanley foundations in finance, macquarie rise to it and credit suisse steps to success are all diversity sixth form programmes that basically guarantee u a job as long as u r not dumb
What about Moelis LDP, I need a job
Very informative
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