African American Recruiting vs. Black Recruiting

I am neither "black" or "african-american", but you are a goddamn idiot for posting that question. Jesus christ...

notanothertool:

Not like I care, but this is somewhat worrisome given that it detracts from the whole point of minority recruiting which is to give african-AMERICANS and other minorities a chance on wall street. Now when you walk into goldman IBD and discover that more than half of the blacks summers there are straight from countries in Africa you begin to wonder...

What bothers me the most I would say is the fact that among these blacks, the same demographic plays out in terms of those getting full time offers; i.e., more Africans than African-Americans

Thus, I'm wondering, what is the reason for this overrepresentation by African nationales and why are I-banks more receptive to hiring them back than they are to hiring back African-Americans?

Actually, sounds like you care a lot. Pretty dishonest to try and play it off like you don't.

Even if I did, it is at least a valid observation

for better or worse, banks are not in business to correct past injustices. rather, it seems that they seek diveristy, which comes from having people of varying backgrounds.

besides, it is not as though the implicit racism that exists today asks "wait, are you aa?"

given that i am a first-generation african-american myself, i may be biased. however, it seems that ALL blacks should be pleased to see any black person do well, if only because their success helps disprove the bell-curve theory.

To the OP,

or perhaps, generally speaking, the Africans are simply more qualified

How shocking that might be!

Larger companies (especially banks) are generally hiring more internationally, reflecting market developments. They also seem to see themselves more as global (corporate) citizens, so it makes sense that they group people more by countries, and less by groups within a country.

Heard good things about the education system and general infrastrucure in Ghana and Botswana, among others, so not surprised that people from Africa are being better represented. Seems to work to the benefit of both parties, and the 'pie' usually gets bigger with the right staff.

*

A bank wants diversity, you won't get as much diversity by hiring French Canadian at a Canadian bank, but by hiring French citizens from France. Same goes for African American vs African.

I want to work now! No, really. I want those 100+ hours/week.

I go to a top ivy (HYP) and have noticed that most africans that come over were already in a higher socio economic class than the african americans that are here. They (africans) in general have come from better situations and still get to take advantage of the afirmative action in place over here while the african americans who are coming from worse situations and whom afirmative action was designed to help are getting squeezed out.

^ big words.. get em' buddy!

actually those big word would need to be scrapped out if you want to make it far in banking...esp. if you don't want to be known as "b.s. man"

I know a Nigerian at Goldman Sachs....to be honest with you...at my school, most African Americans are just 100x lazier than the African immigrants that I see....african immigrants tend to have parents that just don't play when it comes to school...

According to a new study from researchers at the University of Pennsylvania and Princeton, more than a quarter--and at some schools as many as half--of black college students are first or second generation immigrants, not African American descendents of slaves... The study's authors noted that once immigrant black students are enrolled in college, their performances do not differ from those whose families have a longer history in the United States. They did, however, find that immigrant blacks have distinct advantages over non-immigrants in gaining acceptance to selective colleges and universities, including statistically higher SAT scores, higher attendance of private schools and a better likelihood that one or both parents graduated from college.

At the four Ivy League schools included in the survey (Penn, Princeton, Yale and Columbia), 41 percent of black students were first- or second-generation immigrants.

If you want to look it up

Douglas Massey, professor of sociology at Princeton; and Margarita Mooney and Kimberly C. Torres, postdoctoral fellows at Princeton's Office of Population Research, authored the study, titled "Black Immigrants and Black Natives Attending Selective Colleges and Universities in the United States."

so esssentially, the IB recruiting system needs to be restructured so the system does not help perpetuate the marginalization of african-americans

Native Americans get paid 10X more than white people????

This is complete conjecture, based entirely on anecdotal evidence.

Anecdotal evidence, when presented on a large scale, ceases being anecdotal.

Regardless, collective experience is no less valid.

or we could...heaven forbid...recruit based solely on...dare i say it...merit? fuck networking, connections, race, etc. if it's not an indicator of your capability to produce, then it shouldn't be considered. the fact that my skin is darker than yours or that my father is from some other part of the planet shouldn't matter right? that would be in the bank's interest right? (this is all assuming the term BSD is used figuratively...)

"conjecture" is not a big word.

i made a typo. sue me if you'd like.

I'm not surprised by these facts. Immigrant families - immigrating from Caribbeans, Nigeria, Japan, India, etc - usually emphasize education and social attainment. It is not peculiar to specifically Africans.

"

My observations in the past two-three years has been that in most I-banks on the street, majority of the recruiting spots reserved for African-Americans are increasingly being eroded by Africans from countries like Ghana, Cameroun, Nigeria and Jamaica (to some extent).

Not like I care, but this is somewhat worrisome given that it detracts from the whole point of minority recruiting which is to give african-AMERICANS and other minorities a chance on wall street. Now when you walk into goldman IBD and discover that more than half of the blacks summers there are straight from countries in Africa you begin to wonder...

What bothers me the most I would say is the fact that among these blacks, the same demographic plays out in terms of those getting full time offers; i.e., more Africans than African-Americans

Thus, I'm wondering, what is the reason for this overrepresentation by African nationales and why are I-banks more receptive to hiring them back than they are to hiring back African-Americans?"

What I am wondering my friend is how people create ridiculous analogies to prove that they should get jobs without working as if they are entitled to it and that others are just scumbags who aren't worth what they achieve.

So what are we at now, an N of 3?\

This topic has been discussed at length multiple times on this forum.

And there has been more than enough "anecdotal" evidence regarding this topic posted on this forum to establish reliable trends.

I am not judging the situation. I am merely trying to open the eyes of those who immediately discredit personal experience.

No, there really hasn't. Nothing posted on the internet by anonymous individuals is ever "reliable".

"Ever" is far too absolute and fairly ignorant.

The fact remains that the incentives regarding posting on this board do not encourage "lying" or even purposefully distorting perspective.

Search for "SEO," "minority," etc. You WILL find many posts regarding this topic (African Americans vs. Africans in banking, as well as in Ivy's / Targets).

Any intelligent person will notice the trend.

Good luck.

P.S. This has become far to philosophical!