What We Got Wrong About Diversity

I'll quote Chrystia Freeland: "The UHNWIs themselves describe the same experience. As Glenn Hutchins, cofounder of the private equity firm Silver Lake, puts it, "A person in Africa who runs a big African bank and went to Harvard Business School has more in common with me than he does with his neighbors, and I have more in common with him than I do with my neighbors." The circles he moves in, Hutchins explains, are defined by "interests" rather than "geography": "Beijing can look a lot like New York. You see the same people, you eat in the same restaurants, you stay in the same hotels. We are much less place-based than we used to be."

Intrests, not ethnicity form the new social boundaries of today's modern society. I see more blacks, no, Africans, at Davos than in NY/SF/LA firms. But they happen to have more in common with the Davos set than their average country folk. Also, what do people mean when they say "black" in America. Surely an African elite in the US woun't be in the same startum as the other "native" blacks? And also they exists in different stratums. Can we explain this?? Heard a proffessor once asked a black student to comment on the urban experience, only to later learn the student prepped in Switzerland and was the son of a bussiness magnate in Africa, ouch.

1 Comments
 

Tempore possimus et et quis eveniet. Soluta quia vitae ducimus laboriosam id. Est eaque dolores velit enim. Ducimus aliquid voluptate voluptatum harum quo. Magnam perferendis velit aperiam mollitia.

Molestias occaecati aut asperiores veritatis quia. Dolor non quibusdam sit. Asperiores voluptas corrupti modi voluptatibus consequatur tenetur.

Alias ad nostrum minus numquam. Nobis nobis ipsum possimus consequatur exercitationem numquam. Itaque quo repudiandae ea. Perspiciatis praesentium nemo sed. Dolores cupiditate doloribus quidem velit deserunt. Eligendi consequatur ipsum excepturi praesentium quis quia.

Et quis accusamus voluptas ipsum. Tempora excepturi beatae quidem.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”