Private Equity: Still a WASP Old Boys Club?
Do people think there is what I'd like to call a WASP ceiling for the transition to private equity (I'm a WASP for the record). Throughout the 4 years I spent in middle market banking & private equity, between the people I meet and that hundreds of website I've scanned while checking out fund strategies and criteria, its dawned on me how basically everyone is white, and male for that matter. This has been somewhat puzzling to me seeing as though analysts classes are pretty diverse. Clearly there are some nonwhite kids that get PE jobs, some friends of mine included, however those cases appear to be few and far between. What's the deal? Are my observations off base?