CVP diversity quotas increased?
I have heard from a few people that CVP have ramped up their diversity quotas in all lateral hiring lately for junior bankers. Anyone know if this is true? I'd always heard CVP / EVR in particular didn't have as much of the DEI nonsense as the big banks do in their hiring, so this would be unfortunate if true.
Hopefully I'm just hearing excuses from jaded analysts wanting a reason to justify not getting an offer, but I've heard it from a few people that were analysts or junior associates on teams with me who I know are good. On top of that I'm college buddies with a person at CVP who interviewed an associate lateral who got knocked back and when he tried to get feedback was told they couldn't share it, and then checked with the other interviewers who all confirmed they'd given positive feedback / recommended an offer.
Anyone at CVP have any intel?
Centerview has done almost nothing but diversity the last two years. Dont know what you’re talking about
What diversity programs does cvp even have? Isnt it only for women? Do urms/diversity just apply on the general app and they get put on diversity timelines?
Can confirm it's bad
can you pm me? Will expand in DMs
Your friend didn’t get hired. Diversity got hired. Centerview doing more deals than before. Sounds like a winning combo
Diversity hire associate laterals aren't the ones bringing in the record deal flow though. Time will only tell if this is a good long term strategy
As firms get bigger and want to go public this DEI garbage increases. That has been the case with EVR and now has gone to an extreme at CVP. It is the unfortunate and natural course of things nowadays.
I wish people would stop talking in code and just outright say "I don't want to work with black people and I don't think women should work". It would save everyone SO MUCH TIME in seeing exactly what kind of person you people are.
Do you think that the most qualified people should be hired - i.e. do you think hiring should be based on merit?
Yes I do. But blacks and women who get hired will never not be questioned by stupid people if they got in through merit or DEI. That is a problem and a barrier to advancement through the company.
I also don't accept that all DEI are incompetent. That is a racist and sexist framing designed to cast doubt on any black or female hire to make them feel "other".
You’re right, that’s definitely what this is about. Racism and sexism are the only reasons people have an issue with so-called “diversity hiring”, the definition of which changes depending on which minority of the month is deemed to be too successful and ‘over-represented’ in the field.
I'm part asian and got a lateral interview from a HH. not sure what that means but just giving a datapoint. not sure if they consider asian to be DEI lol
Analyst or associate lateral?
Is this hc?
Jesus Christ you know your firm is clouted when the energy to engage in diversity gossip has extended from college juniors to 30yo VPs
CVP and EVR have been heavily pushing diversity for years at this point, not sure where that comment in OP came from. The founders at both firms are quite liberal and very much personally involved in these initiatives. It's why both firms have outsized veteran presences compared to BBs.
It clearly hasn't impacted CVP's output, they had a monster 2023 and a great start to 2024.
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