gay bankers? + or - on wallstreet

hey guys,

with all the diversity talk does it help to be a gay banker? apparently gays are actively recruited. at my school being gay actually helps you get in...

those on the street are there any BSDs who are openly gay?

or are they mostly in hr and low level positions

 

the investment banking world is a very conservative and orderly bunch (albeit chaos is an everyday hurdle). Although I personally wouldn't care whether you're taking it up the ass, the banking climate is driven by credibility and trust. I just can't imagine 100% of every company you aim to deal with to accept a banker working on his behalf that has a slight 'flair' to him.

If you can't deal with 100% of the companies you're not gonna be as sought after as those that can.

 

Quite a few on the trading floor where I work. No one makes an issue out of it because they don't make an issue out of it. As long as a purse does not fall out of your mouth every time you speak you generally won't have a problem.

 

Unlike banking, which I've heard from many sources can be incredibly homophobic, consulting is very welcoming to gay candidates. I can verify that this is definitely true at McKinsey, Bain, BCG and Deloitte, and have heard good things about LGBT support at Monitor as well. I've spoken with many LGBT people at the MBB firm I'm at (there's a small group of them in my office) and they've all had incredibly positive experiences.

If you're gay and don't have your heart set on banking, there's a home for you in consulting.

 
redninja:
Unlike banking, which I've heard from many sources can be incredibly homophobic, consulting is very welcoming to gay candidates. I can verify that this is definitely true at McKinsey, Bain, BCG and Deloitte, and have heard good things about LGBT support at Monitor as well. I've spoken with many LGBT people at the MBB firm I'm at (there's a small group of them in my office) and they've all had incredibly positive experiences.

If you're gay and don't have your heart set on banking, there's a home for you in consulting.

How can you hate gay people to the point of suggesting they become consultants?

 

Why on earth would you have an advantage by being gay that is simply unfair? Your sexual preferences have nothing to do with your education and work performance. That information is nobody's business and should be kept private.

 
Bollinger:
Why on earth would you have an advantage by being gay that is simply unfair? Your sexual preferences have nothing to do with your education and work performance. That information is nobody's business and should be kept private.

The issue there is it isn't actually considered a sexual preference by most, particularly those that are gay or support gay rights. Personally, I think it's silly because in my mind it's all a choice, but what do I know? Because this is the approach that is taken by many, it isn't viewed as a choice, it's a genetic disposition therefor it's not like being incestuous but rather being black or female. Like I said, I don't understand it.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 
cphbravo96:
Bollinger:
Why on earth would you have an advantage by being gay that is simply unfair? Your sexual preferences have nothing to do with your education and work performance. That information is nobody's business and should be kept private.

The issue there is it isn't actually considered a sexual preference by most, particularly those that are gay or support gay rights. Personally, I think it's silly because in my mind it's all a choice, but what do I know? Because this is the approach that is taken by many, it isn't viewed as a choice, it's a genetic disposition therefor it's not like being incestuous but rather being black or female. Like I said, I don't understand it.

Regards

At last count you hate Islam and think your sexuality is a choice...you seem like a really enlightened individual. Next time you are out at a bar try forcing yourself to be sexually attracted to dudes. How could you possibly say it is a choice?

 
Aviator:
I don't think there are gay people on WS. I've never seen A gay dude to be honest.

This is quite ignorant....so you're telling me you know exactly what a closet homosexual looks like? Or even better you've seen everyone on WS. People like you are funny.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 
blackfinancier:
Aviator:
I don't think there are gay people on WS. I've never seen A gay dude to be honest.

This is quite ignorant....so you're telling me you know exactly what a closet homosexual looks like? Or even better you've seen everyone on WS. People like you are funny.

You can tell the ones that are gay though, I'm no expert but they have feminine mannerisms and speech patterns, I've worked in different parts of WS and interacted with so many different types of people and never seen who acts gay. Some women might have been lez though, they have short hair and behaved very butch.

 
awm55:
Aviator:
I don't think there are gay people on WS. I've never seen A gay dude to be honest.

Most gay dudes on Wall Street (actually most gay dudes in general) you wouldn't be able to identify, that is the point.

Maybe most gay dudes on Wall Street but if you actually visit a place that is widely considered 'gay friendly', such as Atlanta, San Francisco, Chicago and Key West, you can spot them in a second. They are the ones that cat call at you from the stop light when you are walking home from the office, lol.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

Have you ever heard of Malcolm Forbes?? Family Founded Fortune, gay as a box of rocks, and he liked biker rough trade. An open secret. Like JFK and Marilyn. How about David Geffen? Steve Katz, all billionaires and all gay. Do your research next time.

 

This just isn't true... some gay people act as straight as possible just because of people such as yourself... who look for it.. they don't want to be labeled as different. You honestly can't tell. Grant in most situations you can tell but there are still people you just can't tell with at all...

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 
Best Response
Stringer Bell:
This is tough, although I generally don't care about gayness, but in this case it would. All the comments above are clearly from people with not much experience. You get so close with other analysts in your group it would kind of suck (for me) if the guy next to me quietly traded personal calls about some dude he banged in hells kitchen...couldn't handle it. See, this job is such a grind and sometimes a battle (cheesy I know, but true), the frat culture or very straight laced atmosphere (two common cultures I've found) it just doesn't jive IMHO.

It'd be doable if you were completely nonchalant about it, but again you spend such much time it'd eventually come out. If you were flamboyant, forget about it. Know that sounds rough, but that's the way it is.

Dude, come on.

So you think gay dudes are going to chat to you about who they banged over the weekend? What planet are you on? Regardless of sexual orientation, your personal life is no one elses business unless you make it so.

 
awm55:
Stringer Bell:
This is tough, although I generally don't care about gayness, but in this case it would. All the comments above are clearly from people with not much experience. You get so close with other analysts in your group it would kind of suck (for me) if the guy next to me quietly traded personal calls about some dude he banged in hells kitchen...couldn't handle it. See, this job is such a grind and sometimes a battle (cheesy I know, but true), the frat culture or very straight laced atmosphere (two common cultures I've found) it just doesn't jive IMHO.

It'd be doable if you were completely nonchalant about it, but again you spend such much time it'd eventually come out. If you were flamboyant, forget about it. Know that sounds rough, but that's the way it is.

You have obviously never worked as an analyst in banking.. Dude, come on.

So you think gay dudes are going to chat to you about who they banged over the weekend? What planet are you on? Regardless of sexual orientation, your personal life is no one elses business unless you make it so.

 

Old thread, but need to correct my previous, moronic statement. It's no ones fucking business who you bang in your spare time, this is a job not a social club to make friends. By the end of my time in banking, I spent so much time with everyone in shitty conditions, all that bro shit was out the window and everyone around me in my eyes where a-sexual power point slaves. It doesn't matter, do your work, shut the fuck up and move on.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
 

Unless the dude is a queen, you'll never see it coming and you're not going to be able to tell. A gay guy married an extended family member and fooled us all for a decade.....until he got a sex change operation, a divorce, and a boyfriend. What you think is irrelevant: the bottom line is WILL THEY MAKE MONEY!!!!!

OP - yes, a former DLJ partner is gay: http://nymag.com/nymetro/urban/gay/features/911/index1.html

Gays are an URM, but if you play that card just be aware that you'll be 'out' so if you're a straight guy trying to take advantage of the system just realize the position you'd be putting yourself in. Seriously though, there's a whole lot more than you think: http://www.wallstreetoasis.com/forums/would-you-pretend-to-be-lgbt-for-…

Get busy living
 
UFOinsider:
...Gays are an URM, but if you play that card just be aware that you'll be 'out' so if you're a straight guy trying to take advantage of the system just realize the position you'd be putting yourself in...

Haha. That could be a good plot for a movie. It's like a Chuck and Larry situation on Wall Street (or any big industry in NYC).

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

Gay people think more deeply than 'high school jocks'? Isn't your subset of the population usually the one that gets mad about sweeping stereotypes?

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
melvvvar:
talk about answering a question that no one has asked
I was taught that the human brain was the crowning glory of evolution so far, but I think it's a very poor scheme for survival.
 

Prepare for the shit show.

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 

"Why do gays have an advantage?"

Because they provide diversity and are an URM that faces discrimination otherwise...

Honestly, the more I use this forum, the more I realize how pathetic it is. I would bet that 95% of all the posts I read on here are posted by absolute morons who have no idea what they are talking about.

Stinger Bell, AWM - you already HAVE been working alongside with gays your whole life. You are just too ignorant to realize that. Gay people are everywhere. Some of your best friends in high school are gay, some of the people you sit next to in church are gay, and that married banker with kids is gay too.

I really just can't stress the stupidity you guys display in your posts. There are gay people at very high levels at all banks and all departments (S&T, IB, and any other division). FACT! If you were to attend the LGBT Wall Street conference in NYC, you would meet LGBTs from all banks. FACT!

A friend of mine is retired in his 40s, gay, and was an MD at MS. Just more evidence I have experienced proving to me how stupid all of you are.

Furthermore, you guys want to know your bullshit stereotypes? One of the most feared traders in the Chicago wheat pits was a transvestite. He was married with kids and is now a woman. Richard Dennis himself mentioned in a book that he always lost when on the other side of this trader.

 
lbreitst:
"Why do gays have an advantage?"

Because they provide diversity and are an URM that faces discrimination otherwise...

Honestly, the more I use this forum, the more I realize how pathetic it is. I would bet that 95% of all the posts I read on here are posted by absolute morons who have no idea what they are talking about.

Stinger Bell, AWM - you already HAVE been working alongside with gays your whole life. You are just too ignorant to realize that. Gay people are everywhere. Some of your best friends in high school are gay, some of the people you sit next to in church are gay, and that married banker with kids is gay too.

I really just can't stress the stupidity you guys display in your posts. There are gay people at very high levels at all banks and all departments (S&T, IB, and any other division). FACT! If you were to attend the LGBT Wall Street conference in NYC, you would meet LGBTs from all banks. FACT!

A friend of mine is retired in his 40s, gay, and was an MD at MS. Just more evidence I have experienced proving to me how stupid all of you are.

Furthermore, you guys want to know your bullshit stereotypes? One of the most feared traders in the Chicago wheat pits was a transvestite. He was married with kids and is now a woman. Richard Dennis himself mentioned in a book that he always lost when on the other side of this trader.

Mate, did you read what I wrote? I agree with you...

 

banana_milkshake,

not sure about the discreetness of the LGBT group at my shop. honestly, don't know how that works but i would guess given the nature of the group that it probably wouldn't be as discreet as we'd ideally like it to be.

and no, didn't register a new username for this post - never really posted here before, just a browser until now...

 

Damn you, fiveyears. Damn you to hell. Anyway, I still think the OP is so inextricably deep into his homosexuality that he subconsciously picked that screenname when he was trying to think of a "random" one of the top of his head.

_______________________________________ http://www.drmarkklein.blogspot.com/
 

It is so obviously a homosexual reference. Maybe you've been buying the drink for that reason.

Join LGBT and be happy. I'm sure they don't prance around and advertise their members so much. Many transsexuals especially, I imagine, would not want to be found out.

 

One time, this guy on an I-banking forum wrote a comment in the forum, and ended it with the word, "stories!?" like it was a forum for Sex in the City fans.

This is clearly a gay guy posting on here because he's got a banker fettish and wants us to fuel him with "motivation"

-------------- Either you sling crack rock or you got a wicked jump shot
 

I don't know, talking about sexual acts is grounds for termination if someone complains. If a gay guy keeps his dick sucking activities under wraps he should be fine.

Dont ask, dont tell.

Oh wait, Straight, white males are not allowed to complain or be offended.

 
ANT:
I don't know, talking about sexual acts is grounds for termination if someone complains. If a gay guy keeps his dick sucking activities under wraps he should be fine.

Dont ask, dont tell.

Oh wait, Straight, white males are not allowed to complain or be offended.

I totally agree, that is my point. No one should explicitly talk about their sexual escapades in the office, at least not explicitly.

 

Does it really matter who you take to bed at night? I know several senior guys at BBs that are gay, no one cares, the only thing that matters is that they make money. The diversity shpiel is bull shit, we all know it, unfortunately no one wants to admit in real life. I don't see how it really adds that much to a firm if you're a minority, what matters is if you're bright and can be a good banker. Banking should be race/religion/gender/sexual orientation blind.

 

Is the US really that different from Europe with regards to how you view gay guys? I just don't see how it is even remotely an issue unless the person has a dislike for gay people. In that case then that is their own problem and no one elses. Some of you guys have really twisted views of the world and perhaps need a bit of therapy. Damn.

 

There's a gay guy at my firm, very good at what he does and his sexuality is never an issue. That's how it should be.

That was a lie but it seems that everyone who says they know a gay guy is getting SBs so I thought I'd jump on the band wagon.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

When I was at a BB, we had a lesbian MD and a gay VP in our relatively small group. They weren't in your face about it, but they didn't hide it either. No one cared. You are there to do your work; that's why they pay you. If you are competent or not, that will determine how far you go.

I've worked with people who spent way too much time detailing everything about their personal lives to everyone in the office, and I've worked with people who reveal very little. I tend to prefer the second approach. I have no interest in having coworkers know my personal business / relationship status. I tended to avoid regularly hanging out with people in my group outside of the office because I think it keeps things more professional, outside of infrequent group drinks, holiday parties or dinners. You are already seeing them ~80 hours a week, isn't that enough?

Making friends in your analyst class that aren't in your group will significantly cut down on office drama.

 
cphbravo96:
I don't know, ask the closet gay men who sleep with their wives and kiss their children to bed every night.
We had one of these in my extended family....it didn't end well. Fooled us all. Seriously, I'm in favor of gay guys just coming out and being gay so they don't ruin some poor girl's life. I'm not a fan of dude on dude action, but when they are forced to live a lie, everyone suffers.
cphbravo96:
Yet, not all gay people talk with a lisp or have feminine features...yet the last time I check, all black people are black.
Wait, so you've never seen the UBER-JOCK fags? Dude, seriously, the mannerisms aren't the key issue. Dudes that want to bang dudes (or chicks -> chicks) very often do not match the 'fairy' description.
TechBanking:
When I was at a BB, we had a lesbian MD and a gay VP in our relatively small group. They weren't in your face about it, but they didn't hide it either. No one cared. You are there to do your work; that's why they pay you. If you are competent or not, that will determine how far you go.
^ yep, I don't care at all, and if they have some kind of diversity program...whatever. Do you job and don't piss me off and we'll get along just fine. And always remember to keep the lines clearly drawn....I'm not "curious" so don't even think about it hahahaha
GoodBread:
How can you hate gay people to the point of suggesting they become consultants?
Yeah, seriously, that's really hatefull. I wouldn't wish that on my worst enemy. Well, maybe
Get busy living
 
UFOinsider:
cphbravo96:
Yet, not all gay people talk with a lisp or have feminine features...yet the last time I check, all black people are black.
Wait, so you've never seen the UBER-JOCK fags? Dude, seriously, the mannerisms aren't the key issue. Dudes that want to bang dudes (or chicks -> chicks) very often do not match the 'fairy' description.

Our communication is failing here. What I was saying is that some people use the point that no one, in their right mind, would choose to be with someone of the same sex...therefor it can't possibly be a choice, it has to be a genetic predisposition. Additionally, I've had people argue that homosexuality must be genetic because straight guys don't typically have lisps or act effeminate. The point here is that an argument like that just doesn't hold water because all gay guys don't act like the stereotype. However, if you accepted the premise as true then all gay guys would sway their hips, rock linen Capri pants and speak with a soft, lispy voice...but, as you pointed out, this isn't the case.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

Most people who dislike gay men have not met any that are not walking talking stereotypes. I know plenty of gay dudes that are totally normal guys you can have a pint with and chat about whatever. The only topic off the table really is banging chicks. Many times that is the ONLY difference between a gay dude and a straight dude

The fact that anyone would make an issue about someone's personal life at the office is beyond ridiculous.

 
awm55:
Most people who dislike gay men have not met any that are not walking talking stereotypes. I know plenty of gay dudes that are totally normal guys you can have a pint with and chat about whatever. The only topic off the table really is banging chicks. Many times that is the ONLY difference between a gay dude and a straight dude

The fact that anyone would make an issue about someone's personal life at the office is beyond ridiculous.

You must have missed my rebuttal a few posts up...or do you not have an argument anymore?

Also, I meant to post this earlier but had some meetings...but since when is it the government's responsibility to regulate who can have kids? If a brother and sister, over the age of 18, want to have kids then let them. If they are not allowed to be together because their babies might have defects then the government should snatch the uterus out of every woman 35 since the risk of birth defects begin to increase substantially.

I would rather have a down syndrome kid being taken care of by its mother and father than 6 kids being taken care of by the tax payers and only being "watched" their mother.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 
cphbravo96:
awm55:
Most people who dislike gay men have not met any that are not walking talking stereotypes. I know plenty of gay dudes that are totally normal guys you can have a pint with and chat about whatever. The only topic off the table really is banging chicks. Many times that is the ONLY difference between a gay dude and a straight dude

The fact that anyone would make an issue about someone's personal life at the office is beyond ridiculous.

You must have missed my rebuttal a few posts up...or do you not have an argument anymore?

Also, I meant to post this earlier but had some meetings...but since when is it the government's responsibility to regulate who can have kids? If a brother and sister, over the age of 18, want to have kids then let them. If they are not allowed to be together because their babies might have defects then the government should snatch the uterus out of every woman 35 since the risk of birth defects begin to increase substantially.

I would rather have a down syndrome kid being taken care of by its mother and father than 6 kids being taken care of by the tax payers and only being "watched" their mother.

Regards

You just slowly reveal yourself to be crazier and crazier...

 

Homosexuality is not a disease. It's not like working with gays increases your likelihood of becoming gay. I don't see the correlation between the ability to do DCF's and a person's sexuality. Does being gay magically make someone bad at Excel? I don't think so.

 

I think it's true that gays and lesbians are actively recruited, my gay friends in school all got to go to special diversity networking events and stuff. At the very least, they're certainly not discriminated against. For all you prospective monkeys out there - don't fuck with this, making a crude joke about a gay person will get your ass kicked to the curb from any respectable bank. No second chances.

 
N.R.G.:
In prison, there were many dudes that looked very masculine but were openly gay. They would usually gather in groups of 4-5 and very openly reveal their sexuality to someone under the showers. These guys were not afraid to admit their orientation, I'm telling you. And people respected them for that.

It's important to note that those guys where gay before they got to prison...in fact, they were most likely born that way because no man would choose to have sex with another man. AWM told me so.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 
cphbravo96:
N.R.G.:
In prison, there were many dudes that looked very masculine but were openly gay. They would usually gather in groups of 4-5 and very openly reveal their sexuality to someone under the showers. These guys were not afraid to admit their orientation, I'm telling you. And people respected them for that.

It's important to note that those guys where gay before they got to prison...in fact, they were most likely born that way because no man would choose to have sex with another man. AWM told me so.

Regards

All I can say about that is DON'T DROP THE SOAP!
Get busy living
 

The first time I met UFO I wasn't really all about it, but I got to know him better and realized he's almost just like everybody else. Now we hang out regularly and I was able to get over my phobia of his defect as well as forgive him for his anti-christian choices.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 

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"Money is a scoreboard where you can rank how you're doing against other people." -Mark Cuban
 

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