UBS = No Blacks Allowed? Out of 425 MDs in New York, only 2 MDs are black and 0 in Investment Banking (Linkedin Analysis)
Search of 425 Linkedin Managing Directors shows only 2 Blacks and 0 in Investment Banking.
- 1 Private Wealth Advisor
- 1 Fixed Income Sales Professional
Linked Search Filters: Works at UBS, Title: Managing Director, Location: New York, United States
Its a Swiss company duh.
"An African-American woman living in Switzerland shares her and her children's everyday experiences with racism"
https://www.swissinfo.ch/eng/society/opinion_racism-in-switzerland-an-a…
I guess you need to get out more.
No way country club folks allow it
Boohoo, diversity was rejected at the ballot box Nov. 5th.
I mean, I've experienced racism working at the firm. Sometimes its obvious, sometimes its not. This is Trumps America where outright racism can be disguised by using the word merit.
That's a blatant lie, 1. Trump isn't in office yet, so still in Biden's (his handlers) America that the "outright racism" you experienced occurred. 2. If you experienced even a sliver of "outright racism" in corporate America today, you would have gone to Biden's EEOC and been awarded millions of dollars in a lawsuit, and we all would've had to read about it on the front page of the WSJ. Nice try Jussie Smollett Jr.
Cry more, Jussie
What a load of BS, sorry you got triggered by the 'microaggression' of someone asking where you get your hair cut. Enjoy whining for the next 4yrs and beyond
The JussieSmolletification, of the Western World needs to stop.
Since the Smith-Mund Modernization Act passed... allowing media to perpetually propogate lies and propoganda to the public without legal or punitive responsibility... the entire left has become a cult of misinformed chronic victimhood mentality. It must come to an end.
Trumps is nothing but a "last year in office" JF Kennedy clone. He was literally best friends with JFK Jr and whe espouses the Kennedy Democrat stance on nearly all issues other than economics (Kennedy didnt have to deal with China) which is why Tim Kennedy and RFK both have his back in many areas.
Here are some Facts:
1: black real income rose more under a Trumps presidency than any president prior... including Lincoln and Obama.
2: Trump had the lowest unemeployment rate and lowest family poverty rate of any president in over 60 years.
3 Forbes ran polls on billionaires political aligment for each presidential election.. every single time the polls ran... democrat candidates got higher approval rates from billionaires and likewise recieved more funding from billionaires than Trump.
The fact you think this man is an "alt right" race-centric fascist responsible for you not doing well in life is proof positive of how far the left has fallen into disillusion.
A good example of the chronic leaning of misinformed victimhood cult mentality increasinly known as JussieSmolletification lies with the Facials Scar Job Interview Expirement aka
Poor UBS
0 Indians in the NBA… what’s your point ?
Yeah but in basketball there are metrics (height, hops, shooting percentage)
In banking its all about I like you or don't like you
Not really…
If you actually believe that its ALL about popularity then you are lookin outward instead of inward and are unfortunatelt going to destine yourself to make excuses and stay poor.
Essentially your excuse for not rising through the ranks is that you dont have to work hard in most professions you just need to "rub" someone the right way. Therein lies your problem. This is money. Clients and employers want skilled, knowledgeable and likeable people responsible for their money. If you lack skills, experience and knowledge clients will more than likely not want to deal with you. Likewise if you have a poor character they also more than likely not want to deal with you. Youre lack of actual merit and lack of social skills and unbiased life experience matched with a quick jump to racebaiting every situation as shown in posts like this are whats holding you back, not the color of your skin.
Nobody cares if your black white or yellow in Trumps America as long as you generate profits and become invaluable to your companies clients and your employers. There are plenty of 1st generation asian American latino Americans and middle eastern American people represented in these fields due entirely to their merit and hard working mentality. Most of them would not be widely considered popular with clients and wouldnt have jobs based on how you think things work.. contrary to your belief.. they rise up specifically though merit and hard work.
Trumps America focuses on Equality of Opportunity also known as Greek meritocracy, which reinforces prosperity via consistency with the laws of nature... as opposed to DEI racial equity via Affirmative Action, which requires tribalistic and racist enforcement through the barrell of a government gun to impose Equality of Outcome, which is literally a founding premise of cult-ural marxism. Marxism in all of its forms are hinged on a utopian, non-realistic representation of human nature and Marxism as a whole denies the fundamental and often Darwininian laws of nature that can be easily studied in the most basic of chimp heirarchy.
In Trumps America.. "It doesn't matter if its a black cat or white cat...so long as the cat catches mice".
Blank slatism has been nothing but a disease to the world. Hopefully the egalitarian lie will finally be put to rest in the coming decade(s), though either way it’ll burn itself out eventually.
Im sure the blacks they interviewed weren't the right "culture" fit
Reality
Dude been there too many times.
No way they pass the 80% Rule with these numbers:
There isn’t a single fixed percentage used to prove bias in hiring, but several statistical methods are commonly applied to detect potential discrimination. The most widely used standard is the "80% Rule" (or Four-Fifths Rule) established by the Equal Employment Opportunity Commission (EEOC).
The 80% Rule (Four-Fifths Rule):
I thought you Americans use the 3/5ths and 1/8th rule....now you're telling me there is another one? Gosh you guys sure love your fractions!
Racism in corporate America senior levels? Say it ain't so. Every firm struggles in this at the senior level, this is why we are so aggressive in hiring through diversity pipelines at junior levels. Remember that current MD's are people who were hired as juniors at least a decade+ ago where there wasn't as much diverse talent out there. That along with people leaving there are very few black MD's around broader Wall Street. There are a lot of problems with UBS in specific, this isn't one of them.
Diversity programs have existed for decades. Even if let in temporarily, all the diversity just gets pushed out because the main decisionmakers remain white men and relate better to white male juniors.
This has to be among the worst on the street
Could be or could not. Don't think it matters anymore, the 2024 election and the affirmative action ruling is the death knell of DEI policies. Tbh, I don't really care the color of your skin or your gender, as long as you can do the work and are coachable as an analyst. Have had diverse analyst better than non-diverse ones and vice-versa.
Somehow companies still think, simply letting in "diverse" (upper-middle class diverse) talent thats is levels elow their non-diverse peers will help them in the long run. If you want to be the "good company" invest in fucking education. Offer opportunities to the poor black people in new york. Offer workshops at the schools in poor districts. The "diverse" people going to university arent even the people this is about.
wtf is this post about? People can’t be white ?
I mean this shows people can definitely be white, not black
Correct, Italians are neither aesthetically, socioeconomically, vertically or technologically white. However, Franco-Germans are of Germanic lineage, which is a "cousin" ethnicity to Teutonic Anglo-Saxons, which is a subset of the esteemed WASP species. French, although distinct from the prestigious WASP taxonomy, are an equal species to us as they have had similar "civilization" or "empire" in days past, namely military achievements, colonial conquests and contributions to technology, art, culture, architecture and civilization on par with the British Empire.
Here we go again.
Look man this isn't 2015 anymore. Nobody cares. Work harder.
I would like to think most Americans dislike outright racism, which is what the numbers show
You are so missing the point.
Besides the point of this post, I'm somewhat amazed you scrolled through 425 LinkedIn profiles for this exercie.
I wanted to try and network with someone at the firm like me, and figured there had to be at least one black MD in banking in New York. I was shcoked and saddened that there wasn't and figured I had to share.
Constantly instructed that diversity is our greatest strength, meanwhile people instinctively divide themselves between ethnic patronage networks, and feel distress when unable to do so. I wonder how much longer until the social engineering crumbles under its own stupidity in the face of basic human nature.
Oh, so you think you cant network with MD´s that went to your school and are white? Ok, you are the solution to racism.
Diversity quotas were rejected at the ballot box. (also made illegal by SCOTUS)
Cope and seethe, liberals.
It looks like the quota is actually 0, dont let any of them in
Take off the hood, you seem a little too gleeful with these numbers
I am. In Trump's America, I am hopeful we will no longer have to deal with less qualified diversity hires such as yourself.
The election was about the economy stupid.
Diversity quotas were simply rejected by mostly old white dudes in robes who grew up with segregation.
I am a young White man in NYC who went to a top college and voted for Trump. What are you going to do about it? I am also, as a White man, going to speak out about the problems of DEI programs. What are you going to do about it? You're not going to make me be quiet about it like saying "but...but ur White" like it's some kind of auto-win.
Seriously, what are you going to do about it? Call me some names on the internet? Sticks and stones.
& by everyone being on the wrong end of it at least once. Sucks to be shafted in the application stage with 3 M&A internships, while some upper-class white girl gets in after doing audit.
You may not grasp the implications of this past election. Firms no longer fear this sort of thing.
UBS will probably pdf this thread so they can qualify for "anti-woke" tax credits in the next trump tax bill
Good.
I am indifferent. I mainly want to work with talented people.
I have seen their offices before, it's a bit hard to believe. There were several people of color working there in senior roles and I even met some of them in meetings. Of course I don't know how many had MD titles in an entire city.
It's not like LI is a full and accurate data set.
"I have a black friend"
There are very few in the UBS IB ranks even at junior levels and they all become extinct way before reaching MD
Oh no, lets be fast and pa them big salaries for the colour of their skin! Who needs actual talent if we can have colour?
Tell us when there are no Beckies. You must have been replaced by white women.
Only thing worse than being an openly racist organization is the world knowing you are an openly racist organization.
Thanks for sharing… I won’t do bussiness with them any time soon
Where is the racism? It’s as*h*les like you that forced 50% gender quotas on us.
He's a Reddit troll. He's not a partner anywhere, maybe a domestic partner
Oh ok, that'll show them
Hahahahaha
They'll live. Loser
Here's a question that I found makes DEI promoters pretty uncomfortable and insecure:
The debate on DEI is framed about two options. Either 1) we give artificial numbers to designated groups, like more women, more LGBT, more Black people, more whatever, or 2) we just evaluate people on their merits and ability for the job.
My viewpoint was usually aligned with Option 2, but given that every ethnic and demographic group is allowed to exhibit its own form of nepotism, i.e. Black businessmen help out other Black businessmen, Indian businessmen help out other Indian businessmen, etc., except that White men are told that they are not allowed to do this and must be objective, that opens up Option 3: I'm just going to hire more White guys since that's what everyone else seems to be doing with their own personal demographic
Is there a compelling reason why I shouldn't? My original plan was Option 2, just evaluate people on their performance and potential, but if everyone else is able to do ethnic nepotism, is there a valid reason why I shouldn't?
Either way though, one thing we need to bring back is freedom of association which by definition also means the right to exclude. If I had a company, I'd hire people who can make me a lot of money, period, but it's also really none of your business how I go about hiring them. If I want to hire my friends who I've worked with before, and they all happen to be of one demographic, I should be allowed to do that. Some of you are treating access to White men like it's a human right on the level of freedom of speech. You do not have a basic human right for me to hire you for a company, sorry.
DEI was the response to overt racism you are showing
DEI is the only "systemic racism" still present in America. Institutions were built to try and prevent White men from succeeding in the country we built, we wont stand for it anymore.
You don't seem to have gotten the memo: calling "racist" anything you disagree with is no longer a valid argument.
Cry and whine about it.
Also, OP's thread is literally about how he couldn't reach out to a Black MD because OP is himself Black, i.e. engage in ethnic nepotism - precisely the tribal behavior described by the comment you replied to.
Thank you for proving his point.
How about not doing DEI at all and simply investing some money to actually offer infrmation, education and perspective to the people in the poorer districts? None of the people actually needing help in the form of DEI are benefitting from it like that. Its the upper-class or upper-middle-class minorities and women that have all the opportunities like going to university anyways.
My university for example, has a shocking distribution. We have so much migration and yet all people in my major are White or Asian, With Asians being significantly overrepresented compared to other minorities. So why dont ofer additional information and education, to even get these people to universities?
Its a shame they pay like shit or I'd lateral
The only minorities which milked DEI are women (any color), Hispanic / black, and LGBTQ.
It’s incredibly difficult to take your claims regarding “racism” seriously, when clearly you have no qualms over trying to leverage your own racial tribalism to get hired —logically at the expense of someone else— to then turn around someday as an executive and propagate the same behaviours you’re crying about now, yet actively seek to benefit from anyways.
Ethnocentrism for me, but racist for thee.
Idk whether to give a banana or a shit 😭💀
watching you people sperg out has been one of life's great pleasures these last couple of months
Amen
This is nothing compared to the drama we have in store when women (especially white) will be subjected to legit performance reviews later. No more diversity card to lower the bar and collect those $$$
I'm ok with 5'11 leggy blonde trust fund girls who also model at Wilhelmina/Elite/For dstaying even if they're not as good as the purebred 6'6 Andover/Rowing/Wharton/PIKE/Greenwich stock.
Not sure why you bother. Anyone who would be concerned by this, doesn't need the wake up call, and this is WSO, where most users are only here to cosplay their bigoted fantasies about returning to a time when minorities stepped off the sidewalk to let them pass.
Sorry, I meant to say, where a "merit based system" figures out who is required to get out of the way. As long as the people who end up doffing their hats aren't white, of course, then the meritocracy is obviously being distorted by woke managers
Which minorities? The prime beneficiaries of DEI free loading have been women, especially white. Stop lumping racial minorities with white women and discrediting the injustices they have faced
The message that Trump sent is that diversity should not be a factor in hiring decisions. MAGA people inferred from the message that we can hire whoever the fuck we want, which likely means that all non white people get screwed. Trump's cabinet nominees are 91% white. There is one black guy and one hispanic woman.
This is why everyone hates ultra libs like you. You claim 'no blacks allowed' with a ragebait title when that's not true at all. There are black MDs (just not in IB) and plenty of black juniors. Sorry, the time when you cry 'no blacks allowed' and get sympathy is over. Merit will emerge, if you can't cut it don't blame your race
Delete
Comments passed the vibe check imo
UBS based af ngl
Proof of DEI going the way of the dodo -- https://www.wsj.com/finance/banking/dei-banking-finance-goldman-sachs-j…
Wow. Sounds like it's time to do more business with UBS!
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