UBS = No Blacks Allowed? Out Of 425 MDs In New York, Only 2 MDs Are Black And 0 In Investment Banking (Linkedin Analysis) (Link)
Mods moved IB thread to off-topic thread in effort to burry this thread, it’s here:
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That's not burying it, it's just absurd and obviously off-topic. An absence of black MDs does not mean that black people are not allowed to be MDs. Proportionally there are just way less African-Americans interested in IB.
10% of MBA students are black…
Doesn’t equate with 0% black MDs in IB
And so all of them want to do IB and do it up until MD level? And you know that the reason that doesn't happen is because they are black, as opposed to some other reason?
Being black doesn’t help and is a disadvantage in the US. Pretending like there isn’t is part of the problem.
It's not a disadvantage, it's been an advantage for the past several years. At some point you have to accept individual responsibility, I'm sure it feels nice to blame everyone but yourself but the buck at the end of the day stops with you
The DEI moment is dead for decades. In the same way globalization / progressivism was a multi-decade trend (really since the 1960s), the entire world is shifting away from it towards isolationism / populism / conservatism. Just look at the past decade (Brexit, Trump, Euro conservative leaders, even Canada now), data shows globalization peaked in 2011 and has been falling since. The economics are not making sense anymore.
Fact is, DEI / AA are popular when there is surplus but when there isn't it becomes a non-starter. The global trend is to call BS on DEI / AA and throw it in the trashbin. I'm sure this will one day reverse (everything has cycles) but we are talking decades of a swing back to conservatism, not years. So even if you completely disagree with 'acknowledging the problem (whatever that means)' you are fighting against the global trend. You will lose, just as I would if I were fighting it the other way around. Come to peace with it and move on by taking individual responsibility vs. blaming everything else
What % of MBA students go into banking? What % of those make it to VP/Director-level? How many of those make it to MD and stick around? You college kids need to grow up lol, lack of diversity is not proof of discrimination. If you can't even do the basic stats math and see how this result is easily possible then you have no business going into the industry to begin with.
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