Teller's Comprehensive Guide to Diversity Recruiting

Teller's picture
Rank: King Kong | 1,828

I'm creating this thread because I think that diversity recruiting is a powerful tool that is very much underutilized. Just about every BB has programs dedicated to diversity initiatives, many of which are targeted toward freshmen/sophomores. Knowing that you missed a deadline is absolutely the worst feeling, so I figured that I could give back to WSO by creating an updated list of every program.

This thread is split up between fly-in programs, internship/scholarship programs, and recruitment organizations. Fly-in programs are essentially 2-day introductions to the firm where you get a chance to network with people across a variety of divisions through presentations, panels, and lunches. The idea of these programs is to provide you with a pipeline to start recruiting early and to have a huge leg-up when the time comes to apply for internships. Note that scholarships amounts are added on top of whatever your SA pay is for the summer.

Some additional notes: Many of these programs span across all divisions. However, due to the nature of general interest on WSO, some may only be geared toward IBD/S&T. Also note that falling under URM means that you are either African American/Black, Hispanic/Latino, and/or Native American.

Please let me know if I'm missing any programs and I'll do my best to add them ASAP!

Fly-In Programs:

BAML Elevate Diversity Forum

  • Description: 2-day program in NYC, Chicago, and Dallas
  • Eligibility: URM, Freshmen/Sophomores
  • Deadline: March 20, 2016

Barclays Freshman Foundation

  • Description: 1-day program in NYC
  • Eligibility: URM/Female/LGBT/Veteran/Disability
  • Deadline: Spring 2017

Barclays Sophomore Springboard

  • Description: 1-day program in NYC
  • Eligibility: URM/Female
  • Deadline: March 6, 2016

Credit Suisse BA Explorer Program

  • Description: 2-day program in NYC
  • Eligibility: URM, Freshmen/Sophomores
  • Deadline: April 15, 2016

Credit Suisse Women's Mentor Programs

  • Description: Multi-day programs in NYC, specific programs for IBD, S&T, AM, and Technology
  • Eligibility: Female, Sophomores
  • Deadline: March 1, 2016

JP Morgan BA Early Advantage

  • Description: 2-day programs in NYC, Chicago, and Dallas
  • Eligibility: URM/Female/LGBT/Veteran/Disability, Freshmen/Sophomores
  • Deadline: March 6, 2016

Morgan Stanley Early Insights

  • Description: Various 1-day firm-wide programs in NYC
  • Eligibility: URM/Female/LGBT/Veteran, Freshmen/Sophomores/Juniors (varies by program)
  • Deadline: Varies by program

wf.com/summer">Wells Fargo (Various Programs)

  • Description: Multi-day programs in NYC/Charlotte
  • Eligibility: URM/Female/LGBT/Veteran/Disability, Freshmen/Sophomores/Juniors
  • Deadline: Varies

Summer Internships

Barclays Junior Success Program

  • Description: Summer analyst program
  • Eligibility: URM/Female/LGBT/Veteran/Disability, Juniors
  • Deadline: Fall 2016

Credit Suisse Doug Paul Scholarship Program

  • Description: Summer analyst program, scholarship of up to $15,000
  • Eligibility: URM, Sophomores
  • Deadline: Fall 2016

Credit Suisse Americas CEO Awards Scholarship

  • Description: Summer analyst program, scholarship of up to $15,000
  • Eligibility: URM, Juniors
  • Deadline: Fall 2016

Deutsche Bank DBachieve Scholarship Program

  • Description: Summer analyst program, scholarship of up to $15,000
  • Eligibility: URM/Female/LGBT/Veteran/Disabilities, Sophomores
  • Deadline: Fall 2016

Goldman Sachs Insight Day

  • Description: Summer analyst program
  • Eligibility: URM/Female/LGBT, Sophomores/Juniors
  • Deadline: Fall 2016

JP Morgan Launching Leaders Scolarship Program

  • Description: Summer analyst program, scholarship of up to $15,000
  • Eligibility: URM, Sophomores/Juniors
  • Deadline: Fall 2016

JP Morgan Winning Women Scholarship Program

  • Description: Summer analyst program, scholarship of up to $15,000
  • Eligibility: Female, Juniors
  • Deadline: Fall 2016

Morgan Stanley Richard B. Fisher Scholarship

  • Description: Summer analyst program, scholarship of up to $15,000
  • Eligibility: URM/LGBT, Sophomores/Juniors
  • Deadline: Fall 2016

Wells Fargo Sophomore Leadership Conference

  • Description: Summer analyst program (interviews at conference)
  • Eligibility: URM/Female/LGBT/Veteran/Disabilities, Sophomores
  • Deadline: Fall 2016

Recruitment Organizations

Sponsors for Educational Opportunity (SEO)

This is a great organization for URMs that will help you tremendously if admitted. If you find them early enough, they'll help you during your freshman year and provide development opportunities to help you get an SA position lined up either in your sophomore or junior year. They partner with most BBs to get your name in front of recruiters and provide additional training 1-2 weeks before your respective BB SA training.

Management Leadership for Tomorrow (MLT)

Another great organization for URMs, but with much less of a focus on Wall Street careers. The partnerships/representation is there, but not nearly as finance-oriented as SEO. MLT is still a great program if you're looking to get your foot in the door to a more diverse set of corporate careers.

Other Organizations

There are a ton of other organizations out there (Ellevate, Jopwell, INROADS, etc.), but I decided not to include these because they are either fee-based or focused on BO roles. As previously mentioned, SEO is definitely the way to go if you're already gung-ho about finance, while MLT would be for those who are a little less certain about which industry they want to ultimately step into after college.

Check Out This Other Relevant List of Diversity Recruiting Programs:
A One Stop Shop For All Things Diversity Recruiting

Comments (111)

Feb 27, 2016

Thanks for positng this!

Feb 29, 2016

Thanks!

Feb 29, 2016

Fantastic write-up, thanks for taking the time to round everything up like this. I've been applying to a few of these programs on a whim, but I'm surprised by the sheer amount of those that I knew nothing about.

Best Response
Mar 1, 2016

Thanks for increasing competition

Mar 1, 2016

Your missing the Toigo Foundation for MBA hopefuls

Learn More

Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Jun 21, 2017

.

    • 3
Mar 2, 2016
Teller:

this just enhances the quality of SAs that will be working for me someday.

Wow. You sound like a tool. But anyway, how does this even increase the quality of analysts in any way whatsoever? It just increases the number of black/hispanic/lgbtqiaanaacpblahblahblah ones.

Mar 2, 2016

Thank you so much for posting this. My proactiveness led me to find most of these programs on my own this recruiting season but this is thread will be a great resource for myself and others next recruiting season.

Mar 2, 2016

There are also lots of programs for women, LGBT, disabled, and veterans at these banks

Jun 21, 2017

.

Mar 2, 2016

Great post. I found JPMorgan's Launching Leader program four days before the deadline, applied, interview, and secured an internship as a summer analyst; totally changed the trajectory of my career.

For those that have a problem with programs such as these, I came from a non-target school. I still consider myself qualified, nonetheless, and these programs allowed to compete based on merit, whereas before I may not have had a chance.

Nov 26, 2017
    • 4
    • 1
Mar 6, 2016

Can't tell if this is a joke or serious....

Mar 4, 2016

Thank for putting this together. Having all this information aggregated into one place will make it that much easier for people to have access to the opportunities. See below for some of the programs that were missed. Just a suggestion, it may even be worth it to include diversity-specific internship opportunities (for freshman and sophomores) as another bucket.

  • BAML Emerging Women's Program (spring, fresh/soph, fly in)
  • BAML Ignite with STEM Program (spring, fresh/soph, fly in)
  • BAML GBAM Sophomore Summer Analyst Program (fall, sophomores, summer analyst program)
  • BAML Sophomore Summer Analyst Rotation Program (spring, sophomores, summer analyst programs)
  • Barclay's Sophomore Skills (spring, sophomores, fly in, superday for summer analyst program)
  • Citi Sophomore Leadership Program (fall, sophomores, internship)
  • Credit Suisse - Top Talent Women's Mentorship Program for S&T, IBD, and AM (spring, sophomore, fly in)
  • Goldman Sachs Undergraduate Camp (spring, fresh/soph, fly in)
  • Goldman Sachs STEM Symposium (spring, fresh/soph, fly in)
  • Goldman Sachs Pride Summit (IDK, IDK, fly in)
  • Goldman Sachs Securities Insights Day (fall, fresh/soph/junior, fly in)
  • Goldman Sachs Diverse Abilities Insights Day (fall, fresh/soph/junior, fly in)
  • Goldman Sachs LGBTQ Insights Day (fall, fresh/soph/junior, fly in)
  • Morgan Stanley Freshman Enhancement Program (fall, freshman, summer analyst program)
  • Morgan Stanley Sophomore Summer Analyst Program (fall, sophomore, summer analyst program)
  • JP Morgan Proud To Be (IDK, IDK, fly in)
  • JP Morgan Asset Management Summer Analyst Program for Sophomores (fall, sophomore, SA program)
  • JP Morgan Corporate and Investment Banking Summer Analyst Program for Freshman / Sophomores
  • JP Morgan Corporate and Investment Banking Summer High School Program
  • JP Morgan Smart Starts Program (4 year scholarship, 4 years of internships)
  • UBS Women's Sophomore Program (internship)
  • UBS Sophomore Symposium (fly in)
Jun 21, 2017

.

Mar 7, 2016

@Teller Noob question but do these programs pay for your flight and hotel? Thanks again.

Mar 5, 2016

Great list but some banks no longer do some of these programs. For example, UBS no longer does a sophomore symposium.

Mar 5, 2016

Noted. The rest, I believe, are still active as they did / will be doing a 2016 cycle. JPM's CIB Fresh / Soph program may be questionable as I believe they have no lumped it in with Launching Leaders.

Let us know if there are others you think aren't active so the most up-to-date information is being provided.

Mar 5, 2016

Unfortunately, you have to apply for Smart Starts in high school and be a NYC resident.

Mar 5, 2016

Yes, same with the JPM CIB High School Intern Program. Chose to include both for the recent influx of IBD crazed HS kids who have asked what schools to apply to for maximum chance of landing on the street. Although most restrictive, I would be hard pressed to believe no one here meets the eligibility requirements for both.

Mar 7, 2016

This is great! I will say if you are a minority or a woman TAKE ADVANTAGE. Everyone else has their advantages, do not be afraid to use the fact that you will be the only one of your race/gender. It is an advantage. You have a different selling point.

I attended 3 Goldman Sachs Insight Days, 1 JP Morgan Winning Women (you can only go to one JP Morgan event), and 1 Morgan Stanley Early Insights.

I loved every single one of them. It was one of the greatest experiences and these days they are interviewing participants(before they did not do that) and granting offers. So apply and prepare.

If you have any questions about any of these, inbox me! I would love to help you out =)

    • 1
Mar 7, 2016

I'll send you a pm

Mar 11, 2016

I have a question. So I am not a recent college grad, I graduated in 2012, but do you think I am eligible to apply for any of these programs or should I just go to Grad school and get my MBA?

Mar 26, 2016

unfortunately not, these programs are for students currently in school and eligibility includes graduating in a certain year (where you can then come onboard as a full-time candidate).

Mar 11, 2016

I am rather interested in applying for the Barclays Junior Success program as a undergrad with disability. Does being essentially deaf in one ear, and having an arm with a damaged growth plate/minimal range of motion, qualify me as being disabled for these programs? Or are my disabilities not severe enough?

Mar 13, 2016

You definitely qualify especially if you have accessibility at school for that. You have a story to tell and therefore should try to apply for the programs.

    • 1
Mar 21, 2016

I'm in love <3

~Stay Golden

Mar 25, 2016

Kind of a shame that more of the MM, EB, and lower tiered BBs don't have more programs.

Mar 26, 2016

I expect more boutiques to follow suit with these programs - check out my post which includes information on the recently launched sophomore initiatives by Evercore, Lazard, and Perella Weinberg Partners. I'm not sure what firms you are referring to when you say lower boutiques but UBS, DB, Citi all host sophomore internship programs (they do not host fly-in programs though).

Mar 26, 2016

Agreed it just seems like some only have one event and it's only for URM or vets, etc. I looked at your post and Lazard is an example of this. Thank you for compiling a list!

    • 1
Mar 26, 2016

Does anybody know when the deadline is for Wells Fargo Sophomore Diversity Summit? I can't find the application online

Mar 26, 2016

fall deadline it varies based on corporate / commercial banking opportunities. What opportunity are you looking for?

Apr 1, 2016

I'm trying to apply to Wells Fargo Pre-Internship Sophomore Diversity Summit

Mar 30, 2016

Is the GS summer symposium for minorities better than the Undergrad camp? @Teller @dumbmonkey

Mar 31, 2016

GS STEM Summer Symposium appears to be a one-day event whereas undergraduate camp is generally a multi-day program (although number of days varies from year to year). Undergraduate camp seems to be more comprehensive and there is a mentorship program (not sure if that is also a part of Symposium). Apply to both and see what the outcomes are. I wouldn't self-select out of any opportunity this early on in your career.

Mar 31, 2016

I applied to both. Just wondered which was better.

Apr 3, 2016

don't like

The one who does not fall, does not stand up

Apr 3, 2016
ProdigyOfZen:

don't like

I'm hispanic, though.

Apr 3, 2016
ProdigyOfZen:

don't like

Haha. Literally NO ONE who matters cares if you don't like. You're wasting a lot of your energy with this whole "disliking" thing lol

WSO advices people to use all kinds of tricks and every ball in their court to get the job, but when someone uses race - oooooooh sshooot! We tell people who can't get the job on their own to network with people who went to their school (i.e. people who will give them the interview because of school affiliation or because of other connections, other than just plain merit). If rich white guys and gals use daddy's connections, and fratstars and Asians can use their friend(s) as connections to land interviews, I see no reason why minorities shouldn't use what they have in their corner. When they're on their desks, I don't think fratstars are wondering "did I get the job because of my merit, or because my bro pushed for me??" And I don't think minorities should be worried about that either. No one cares how you get there - just get there and do your job. Considering Hispanic and Black Americans make up a rough estimate of 5% of BB front office roles (trust me, I'm at a BB now, and there really aren't that many minorities around here), it's not like these programs are just letting in all kinds of unqualified people.

OP:
MS has a program for juniors, CS has a scholars program for minorities - but it's for sophmores, JPM has Launching Leaders, BarCap has one - most of the BBs have one. Also, check out SEO.
Good luck dude

By the way, I'm not opposed to networking, using daddy's friends / connections, or using your own friends to get on the street. Do what you have to do, young monkies. Don't let people who wish they had your advantage deter you from using it, whatever that advantage may be. When you get on the desk, you can just smile and wave:
You see me, Hi Hater!

    • 4
Apr 3, 2016

and? Don't you think it is wrong that Asians are considered "minorities" yet do not normally get "minority" scholarships?

Just saying....

FYI I am not asian

The one who does not fall, does not stand up

Apr 3, 2016
ProdigyOfZen:

and? Don't you think it is wrong that Asians are considered "minorities" yet do not normally get "minority" scholarships?

Just saying....

FYI I am not asian

I'm not debating right or wrong, but it'd be stupid of me not to take advantage of it either way.

Apr 3, 2016
ProdigyOfZen:

and? Don't you think it is wrong that Asians are considered "minorities" yet do not normally get "minority" scholarships?

Just saying....

FYI I am not asian

You sound like a bitter bitch. Hey crybaby, is the black/hispanic man holding you back from getting a job?

To the OP, there is the SEO program geared towards minorities:

http://www.seo-usa.org/Home
Look around the website and you will find your answers. Good luck!

Apr 3, 2016
ProdigyOfZen:

and? Don't you think it is wrong that Asians are considered "minorities" yet do not normally get "minority" scholarships?

Just saying....

FYI I am not asian

So you are a White guy (most likely) complaining about Asians not getting minority status? Lol, who are you fooling? I'm pretty sure Asians can go to bat for themselves on this. Just state your real feelings, and don't hide behind the "poor Asians" card. Btw, Asians are an ORM, not URM on the street, so I think they're doing pretty well

    • 1
Apr 3, 2016

This is going to be my last response to you and I should have said mentioned this earlier. Wallstreet is all about CONNECTIONS and NETWORKING. Some kids get jobs on the street through family connections, others by going to targets. There are some that get their way through cold-calling and some through minority internships, who gives a fuck? There is nothing you can do about it. Stop crying about it.

Apr 3, 2016

What are you talking about? Name one thing i said that could be construed as crying? Stop making stuff up.

And I would agree most of wall street is about connections and networking.

The one who does not fall, does not stand up

Apr 3, 2016

Prodigy, I agree with you completely but dude would be a fucking moron not to take advantage of one of these programs unless he really wanted to make a stand or some shit.

Apr 3, 2016
whatwhatwhat:

Prodigy, I agree with you completely but dude would be a fucking moron not to take advantage of one of these programs unless he really wanted to make a stand or some shit.

This. Especially coming from a non-target, I'll do what it takes to succeed. I'm not worried about whether or not I got it because I'm a minority or if I'm qualified. I'm sure it'll be a combination of both.

Apr 3, 2016
whatwhatwhat:

Prodigy, I agree with you completely but dude would be a fucking moron not to take advantage of one of these programs unless he really wanted to make a stand or some shit.

I know what you are saying BUT this is the reason we have corrupt politicians, kickbacks, people trying to "get theirs" and fuck everybody else and also the reason for selling subprime shit.

Thats what i am trying to get at, if we as a nation decided to work with morals and honor AND tried to self reliant and self interested than we would be much better off.

The one who does not fall, does not stand up

Apr 3, 2016

Inroads
MLT
every bank offers one at the MBA level
SEO

pm me for more... I am an minority and will take adv of all. I also dont mind what anyone has to say about it. Keep your head up and keep working hard RCM

Apr 3, 2016

dude if asians were considered a minority and had similar programs, I would take it in a heartbeat. It would make my life so much easier.

Apr 3, 2016

@OP - Good luck

@Prodigy -

ProdigyOfZen:

You think you are sooo cool and I am here laughing at you.

Is this...third grade??

You assign way too much importance to your opinions lol. Trust me, you can't "hurt my manhood or feelings". Also, you still seem quite upset. The OP should take advantage of all the programs that are in his corner.Get the fuck over it dude. Minority programs exist, and firms are using them to source qualified minorities. When you get the job, as long as you do good work, no one cares HOW you got there

But, then agian, you wouldn't know. I'm sure the "reality" is that you're probably some guy who has never worked on the street because you're in like high school (i wouldn't be shocked), and/or you just got rejected wherever you applied. Sucks to be you, too lol

Again, good luck to the OP and all other monkies hustling to get the internship / FT position
Dueces

Apr 3, 2016
GJones_08:

@OP - Good luck

@Prodigy -

ProdigyOfZen:

You think you are sooo cool and I am here laughing at you.

Is this...third grade??

You assign way too much importance to your opinions lol. Trust me, you can't "hurt my manhood or feelings". Also, you still seem quite upset. The OP should take advantage of all the programs that are in his corner.Get the fuck over it dude. Minority programs exist, and firms are using them to source qualified minorities. When you get the job, as long as you do good work, no one cares HOW you got there

But, then agian, you wouldn't know. I'm sure the "reality" is that you're probably some guy who has never worked on the street because you're in like high school (i wouldn't be shocked), and/or you just got rejected wherever you applied. Sucks to be you, too lol

Again, good luck to the OP and all other monkies hustling to get the internship / FT position
Dueces

You really have bad reading comprehension skills. I never attacked the guy or told him NOT to get into the minority program, I simply stated that if I were him I would not take it and laid out the reasons why.

Again you have really really bad reading comprehension skills and it shows. I bet it shows through in your work and for your information kid I do work on wall street and I got here through my own merit WITHOUT attending a top notch school or even one you heard of before.

I could run laps around you mentally and physically. Again I said that if you as a black guy got in based off of the minority program and you did not perform as well as a non black person who did not get in off of the minority program than people are going to question you.

I never once said the kid didnt deserve it and I know wihin the minority program that they take top notch kids. I simply stated the reasons why if I were a minority I would not do it. I never told him NOT to do it I simply suggested reasons why I would not

Since when was I ever mad? I never showed any hostility in this post unless it was directed at YOU who clearly doesn't understand reality.

See what maybe you didn't learn growing up was morals and a code of ethics and I tried to point out that this is one of te reasons why the subprime crises happened etc. The fact that everyone is out t "get mine" and screw everyone else. They will tell you every lie in the book to get you to buy that next deal when they know its a shit deal.

Read this line again, I want it to sink in.

I can run laps around you mentally and physically. You are the one who is hiding behind the bravado as a defense mechanism for your inadequacies.

The one who does not fall, does not stand up

Apr 3, 2016

(double post)

Apr 3, 2016

I dont think people understand how difficult it is to get into these programs. People have to have credentials that rival a typical banking candidate and go through mulitple banking style interviews with sr members of banks who are alums. The acceptance rates are somewhere along the 8 percentage line for candidates. There is also over 70 hours of training of modeling, and all things necessary to be successful in banking before we start our first day on the job which likely will begin more training. The programs do a great job of preparing minorities who are already outstanding students, with the skills to be successful. they dont just let anybody in. this is no walk in the park or shortcut as many people think

I Got a dollar and a dream...

Apr 3, 2016

I'll leave my opinion out of what typically turns into an awfully immature discussion and go simply as far as stating the current lineup.

Bank-specific:
GS - Scholarship for Excellence (sophomore and/or junior year summers)
MS - Richard B. Fisher Scholarship (sophomore and/or junior year summers)
JPM - Launching Leaders program [with scholarship] (sophomore and/or junior year summers)
BarCap - Generation Next program [with scholarship] (sophomore year summer)
Citi - Diversity Scholars [with scholarship] (sophomore and/or junior year summers)
Credit Suisse - Douglas Paul Scholarship (sophomore year summer)

Deutsche, BAML, and UBS do not have diversity-specific summer programs that I'm aware of, but UBS definitely has a diversity recruiting presence.

Industry-prep programs, non-firm specific:
SEO
Inroads
MLT
Ugrad Jumpstart/MBA Jumpstart

Each of these have their own application process, typically run for an entire season or academic year, and offer partnerships with a number of major firms in several industries (financial services, consulting, and accounting usually) for internship placement over the summer after the program's conclusion. Jumpstart is a bit different, it's a conference rather than an ongoing program.

Apr 3, 2016

Also, for what it's worth, these programs (and diversity recruiting in general) focus on URMs, under-represented minorities, which is why many of them are moving towards an active definition of their definition of diverse candidates. BarCap, for instance, includes 'African-Americans, Native-Americans, Hispanic-Americans, women, disabled, veterans, and LGBT.' It's not yet to the point it's reached in law school admissions where they delineate even within Hispanic-Americans, but it's narrowing.

Let me quantify with a simple example. It's not about all minorities. Asian-Americans are a minority in this country. So are African-Americans. Yet within this specific industry, Asian-Americans are overrepresented relative to their national population, so consequently they get no 'boost' when it comes to hiring season. African/Hispanic/Native-Americans etc. are even more underrepresented in finance than they are in the country, so in an attempt to resolve the disparate representation, there are recruiting initiatives, not hiring policy but recruiting initiatives to give people who normally would never even get looked at the chance to get looked at. It's exactly that. No one gets a free pass.

G_Jones is on the right track. A frathead who gets in through a brother, a kid who gets in from legacy, a vet who gets an edge from interviewing with a retired vet, or an athlete who gets snapped by a fellow D-I player all do the same thing through different means. Diversity recruiting is no different. It lets you use a commonality you have with someone or something to your advantage to get you to a goal. If you aren't worthy, you won't get in. If you are, hey, you used a key to unlock one of the dozens of doors you have to kick down in recruiting anyway. It's not like UMich's arbitrary "44 black kids this year or we fail" policy.

Apr 3, 2016

First off, 9 months to VP? I smell bullshit. But again, let's assume you're telling the truth.

So basically, what you are saying is you went to a no name school and had a pretty low GPA. But because you had connections / someone who gave the head trader your name, its more "moral" for you to take the spot of someone from a target/semi-target or even a non-target with a higher GPA who worked harder in school than you and deserved the spot over you based off of pure merit (merit meaning demonstrated ability and hard work in school and extracirriculars - not networking around the system).
Yet you condemn programs for minorities.
You should realize that, just like you got the interview from networking, minority programs only give interviews. Not guaranteed positions. you have to demonstrate that you can do the job during the interview to get it.

Most importantly, you should realize that diversity programs are not letting in minorities with below 3.0 gpa's, so you undoubtedly got way more of a boost from your connections than any minority can get from these programs. Think about that in the context of your "morals" and what YOU shouldn't have done out of conciousness.

    • 2
Apr 3, 2016
GJones_08:

First off, 9 months to VP? Your story just keeps getting crazier and crazier. Again, let's assume you're telling the truth.

So basically, what you are saying is you went to a no name school and had a pretty low GPA. But because you had connections, its more "moral" for you to take the spot of someone from a target/semi-target or even a non-target with a higher GPA who worked harder in school than you and deserved the spot over you based off of pure merit (merit meaning demonstrated ability and hard work - not networking around the system).
Yet you condemn programs for minorities.
You should realize that, just like you got the interview from networking, minority programs only give interviews. Not guaranteed positions. you have to demonstrate that you can do the job during the interview to get it.

Most importantly, you should realize that diversity programs are not letting in minorities with below 3.0 gpa's, so you got way more of a boost from your connections than any minority can get from these programs. Think about that in the context of your "morals".

dude haha you dont get, and its your lack of being on the trading desk. The title VP of anything is just that a title. Almost every institutional fixed income broker is called a VP of Institutional Fixed Income. The VP title is not the same as it is in Investment Banking I assume. Just like every financial advisor is also a "VP".

Also I never said I had "connections" because I didnt have ANY connections when I graduated from college. I only made connections once I entered the work force again at a retail commercial bank. I was not the kid that had daddy or his friends help him get in etc. that was not me. As I said I come from a low population poor state where no one recruits unless its for football.

And if you read anything I wrote above, which you clearly did not, you would realize that I said I know the minority programs take in TOP NOTCH minority talent. You keep ascribing things that maybe you have heard other people say to me.

Stop projecting your bias on to my character. How many times do I have to say that I never told the OP NOT to do it, i told him if I were a minority I would feel horrible if I got a job because I was hispanic or black. Or because the firm had a quota for minorities.

I would feel horrible because I would not know if I got the job because they think I deserved it or because they really wanted to hire this other white guy but couldnt because they would not meet their minority quota.

I have known people who had interviews and were told we can't hire you because we have to hire a woman. This is what I am getting at.

For you don't understand that when you start making rules and quotas on race/gender you AUTOMATICALLY take a job away from and discriminate agaisnt white males.

But obviously to you thats okay? Again I never told the OP to NOT take the advantage of the programs I just said how I WOULD FEEL if I were a minority in that situation.

The one who does not fall, does not stand up

Apr 3, 2016

Its really cool how you figured out diversity recruiting doesn't mean banks just want to add diverse talent, but actually means that banks have a stated quota. Did someone from HR tell you that, or did you conclude that on your own and decide to run with it? Oh, and nah, its not that I don't understand the title of VP. Its that I don't believe you work on Wall Street. But let's continue to take your story as true.

Coming from a low population, poor state didn't make you suck as a student in college You just sucked because you didn't care about school or you weren't able to handle academics.
Basically, its okay for you, an unqualified white male (in resume comparison to the typical white male on the street) with a low GPA from an un-heard of school to use the people you met to get to the street. Even though you probably took a spot from the more qualified white males with higher GPAs who would have gotten the spot had the head trader looked at your resume in a head to head comparison with theirs during the regular lateral recruiting process. If its one UNqualified White male taking the spot from a more qualified White male, who cares? Everyone in the situation is born White, so potato - patatah...right?

But its morally incomprehensible for a qualified minority to get on the street via diversity programs that only let in top notch candidates. I mean, you're not saying NOT to do it, you're just listing reasons why NOT to do it (lmfao). When this minority with better qualifications than you takes a spot from a white male with similar top notch qualifications as the minority, its just plain wrong
-not wrong, though, when you did it with your subpar background.

Thanks for the lesson on double standard morals. 'Preciate it bro.

Apr 3, 2016
GJones_08:

Its really cool how you figured out diversity recruiting doesn't mean banks just want to add diverse talent, but actually means that banks have a stated quota. Did someone from HR tell you that, or did you conclude that on your own and decide to run with it? Oh, and nah, its not that I don't understand the title of VP. Its that I don't believe you work on Wall Street. But let's continue to take your story as true.

Coming from a low population, poor state didn't make you suck as a student in college You just sucked because you didn't care about school or you weren't able to handle academics.
Basically, its okay for you, an unqualified white male (in resume comparison to the typical white male on the street) with a low GPA from an un-heard of school to use the people you met to get to the street. Even though you probably took a spot from the more qualified white males with higher GPAs who would have gotten the spot had the head trader looked at your resume in a head to head comparison with theirs during the regular lateral recruiting process. If its one UNqualified White male taking the spot from a more qualified White male, who cares? Everyone in the situation is born White, so potato - patatah...right?

But its morally incomprehensible for a qualified minority to get on the street via diversity programs that only let in top notch candidates. I mean, you're not saying NOT to do it, you're just listing reasons why NOT to do it (lmfao). When this minority with better qualifications than you takes a spot from a white male with similar top notch qualifications as the minority, its just plain wrong
-not wrong, though, when you did it with your subpar background.

Thanks for the lesson on double standard morals. 'Preciate it bro.

I think what he meant by that example is: He was able to cold-call/hustle better than a target kid with better qualifications who just did a resume drop. Therefore, he got to the "top of the pile" and the target kid did not. It was something he could do to improve his chances. Whereas, with the minority program, one cannot change their skin color to get to a shot.

Nevertheless, these programs exist and you gotta play the cards you're dealt.

Apr 3, 2016
ProdigyOfZen:

OR knowing that some companies have quotas on minorities and when I get offered a position having to have it in the back of my mind "Did I get this position simply to fill a quota or because I was better than all the other candidates"

Hey, I said it before - I'm not opposed to networking, or using whatever you can to get on the street. I fully support and encourage all monkeys to do so.
I'm just pointing out that, with pretty shitty grades (by Wall Street standards) from a less than stellar school, he's not there because of merit, but because of someone he knew. This guy was definitely NOT better than all the other candidates. The minority kids who these programs let in are way more qualified than he is on a resume by resume comparison, so if anyone should be worried about whether they are there because of merit or not, it should be him.

Also, if someone knows the quota that banks set for minorities, please share. If not, do you know that such a quota actually exists? Probably not. In that case, there is no way you can say for sure that they are turning away White males to place minorities. The banks could just be (and probably are) adding to the total number of employees - i.e. adding diverse talent to the class. Whereas, with his case, he for sure took the spot of a person with higher merit who wasn't lucky enough to meet someone who knew the head trader.

Do what you have to do to get on the street. But don't get on your moral high horse and knock someone for "taking another person's spot" when you did the same thing as a worse candidate.

...And that's IF this dude actually even works on Wall Street.

Apr 3, 2016

Uhm, if you don't care, why are you offering "proof"? I don't really wanna extend this interaction past WSO bro.

Its not fair that your boss "just happened" to know the head trader. Its not fair that you are not Black. Its not fair that some people are born to rich fathers who can get them jobs. Its not fair that some people have frat brothers in top shops who recommend them. Life's not fair.

And, if that's what you meant, why didn't you just say that as opposed to talking about a quota that you have no idea if it even exists and saying minorities in these programs, who you described as top notch, should question their merit when you are subpar and don't question your own?

If your main issue is that these programs are not fair, I go back to my original point:
Get The Fuck Over It dude.

Apr 3, 2016
GJones_08:

Uhm, if you don't care, why are you offering "proof"? I don't really wanna extend this interaction past WSO bro.

Its not fair that your boss "just happened" to know the head trader. Its not fair that you are not Black. Its not fair that some people are born to rich fathers who can get them jobs. Its not fair that some people have frat brothers in top shops who recommend them. Life's not fair.

And, if that's what you meant, why didn't you just say that as opposed to talking about a quota that you have no idea if it even exists and saying minorities in these programs, who you described as top notch, should question their merit when you are subpar and don't question your own?

If your main issue is that these programs are not fair, I go back to my original point:
Get The Fuck Over It dude.

Jones honestly WTF are you talking about? You have the worst reading skills I have come across in a long long long long time.

When did I say that it wasn't fair? No fucking shit that life isn't fair man. I concurred with the other poster that I can't change my skin color and that hiring people shouldnt be based on your skin color.

Does it happen that way? of course it does. just like it happens that some people get hired because they happen to be from the same frat in college etc etc etc.

Again, you have the worst comprehension skills imaginable and I bet it shows through in your work.

and my boss did not know the head trader, wtf are you talking about? when the heck did I say that? I said I made a connection with a guy who knew the head trader at this particular broker/dealer and that is how I got the Interview not the job the interview.

Now you please get the fuck over it. Man this shit is pathetic.

The one who does not fall, does not stand up

Apr 3, 2016

Again with the personal insults. Still neither here nor there since you don't know me. And so it's still all good bro - not taking offense.

Oh, so your boss didn't know the head trader. Someone else you met recommended you to the head trader. That changes EVERYTHING. lol. Hiring people shouldn't be based on skin color - thats freakin awful, immoral because you and the Asians you represent pro bono can't become black, hispanic or native american (in other words, whining about it not being fair). it should be based on networking and phone calls so candidates like yourself - people who royally fuckedddd up by Wall Street standards and got < 3.0 at no name schools can have a decent shot. Everyone can network, so lets give the colliegate fuck ups like yourself the equal opportunity to take spots from more qualified White male candidates and say that's okay, all moral. But diversity recruiting for candidates who are better than you isn't moral because you can't become black, hispanic or native american.

That's cool, man. Makes a lot of sense.

Anyway, I'm out. Peace.

Apr 3, 2016
GJones_08:

Again with the personal insults. Still neither here nor there since you don't know me. And so it's still all good bro - not taking offense.

Oh, so your boss didn't know the head trader. Someone else you met recommended you to the head trader. That changes EVERYTHING. lol. Hiring people shouldn't be based on skin color - thats freakin awful, immoral because you and the Asians you represent pro bono can't become black, hispanic or native american (in other words, whining about it not being fair). it should be based on networking and phone calls so candidates like yourself - people who royally fuckedddd up by Wall Street standards and got < 3.0 at no name schools can have a decent shot. Everyone can network, so lets give the colliegate fuck ups like yourself the equal opportunity to take spots from more qualified White male candidates and say that's okay, all moral. But diversity recruiting for candidates who are better than you isn't moral because you can't become black, hispanic or native american.

That's cool, man. Makes a lot of sense.

Anyway, I'm out. Peace.

LOL the funny thing is, you think that everything is based on what school you went to and what grades you made in said school. LOL of all things those are the LEAST thing life is about.

Thats what I think is funny about this. Its okay for a minority who scores lower on his GMAT or SAT and gets into Harvard because they have a quota based off of race aka skin color. You and everyone else knows that is true.
If you are black you automatically get extra points or whatever it is that they use to evaluate each potential student.

And sorry "bro" that is not whining or complaining that is the truth. Just like YOU do not want to be judged because of your skin color neither do I.

My personal insults started once you started insulting me so don't try and get on your high horse now.

And I said I met someone who told me to call the head trader at this firm because you said my boss knew the head trader which I was just correcting you. I would not have had to write that AGAIN had you read my posts correctly.

What you don't realize is once you get into the working world MOST people dont give a shit what college you went to or what your freaking GPA was in high school or college, they care about performance. Thats what I do perform kid.

Also just so you know, a lot of "collegiate fuck ups" as you like to say are some of the most successful people in the world running some of the worlds largest companies.

When you start realizing that performance matters and not your GPA or school you will become a better employee. Yea your school matters on your first job and then much less going forward.

In fact I think most people shouldnt go to college unless it is for the medical field or lawyer etc. LOL its hilarious these kids have to waste 4 years of their life before going into Ibanking. Nothing in college prepares you for Ibanking for the most part, maybe 1 or 2 classes lol.

100 years ago most people did not go to school yet the economy flourished and people with no education created great companies and inventions.

The one who does not fall, does not stand up

Apr 3, 2016

does anybody know about minority programs in Canada ?, theirs inroads but that's only for freshmen and sophomores.

Apr 3, 2016

ProdigyOfZen is a hypocrite. Dude is a white male from a non-target with a gpa below a 3.0 who claims to have gotten a job on the street. Yet he's angry that there are urm minorities with higher gpas from targets and semi-targets breaking their way to Wall Street with the help of minority outreach programs. I and others would say that he got his gig through white privilege. If he was black or Hispanic his resume would have been used to pick up dog shit. He should count his blessings that he's white.

Apr 3, 2016
suo1987:

ProdigyOfZen is a hypocrite. Dude is a white male from a non-target with a gpa below a 3.0 who claims to have gotten a job on the street. Yet he's angry that there are urm minorities with higher gpas from targets and semi-targets breaking their way to Wall Street with the help of minority outreach programs. I and others would say that he got his gig through white privilege. If he was black or Hispanic his resume would have been used to pick up dog shit. He should count his blessings that he's white.

another joke. I never said I was angry about minority programs. Jesus you and G jones cannot read or comprehend anything.

All i fucking did was suggest reasons if I were a minority I would not GO THAT ROUTE or ACCEPT help by entering a minority program based on my skin color.

Arguing with idiots really is pointless. I am sorry you dont have the brain power to comprehend that concept, i truly am sorry you cannot because it would save me a lot of time writing the same thing over and over and over again.

I never told the guy NOT to do it or anybody else for that matter. If you guys would read my posts which you clearly did not you would see that.

Instead you would rather project your biased feelings on to my character.

The one who does not fall, does not stand up

    • 1
Apr 3, 2016

There is no quota. I wish all the fucktards who scream about the unfairness of diversity programs would get that simple fact through their thick skulls. "Hard" policies are illegal, thanks to UMich back in the 90s. Soft policies, i.e. recruiting outside the box, looking outside traditional avenues, welcoming different backgrounds than "daddy has a milly, mommy roomed with the dean of admissions at prep, they together paid 15 milly under the guise of donations, and now I'm Exeter > Harvard > GS > KKR," recruiting diverse candidates to have a broader student body that more accurately reflects the society the company/school/firm operates in and supports is all perfectly acceptable.

There is no firm or educational institution that has hard policies anymore. If you're going to argue the topic, at least be factual about it. Personally, do I think "diversity" should reflect socioeconomic status more than plain ethnicity? Yeah. Is that an entirely different debate altogether? Yeah.

Apr 3, 2016

Look what you did rcm, started a race war. Way to go you selfish jerk, can't you just NOT try for once?

Apr 3, 2016
Flake:

Look what you did rcm, started a race war. Way to go you selfish jerk, can't you just NOT try for once?

About 3 responses to the question, about 45 arguing about minorities, thread successful

Apr 3, 2016

Honestly does being a URM really matter that much in Banking? I wish we had statistics on this shit because I'm starting to doubt it does.

Apr 3, 2016

You recognize there are other things that would count like being LGBTQ or disabled, so if you're from either of those categories it might be worth it.

Apr 3, 2016

Just say you are 1/32nd native american

Apr 3, 2016

You could lie and say you're gay. They won't know.

Apr 3, 2016

The thing I dislike about these programs is how a white individual who grew up in a poor area, poor family, bad HS, etc, would not qualify, but a black/hispanic/native american individual who grew up rich and went to the best schools would. It kind of defeats the purpose of the program.

But obviously if you don't fit their diversity criteria you are just wasting your time. I don't know how they "verify" being LGBTQ but pretending to be gay doesn't sound like a good plan.

    • 1
Apr 3, 2016
Extelleron:

The thing I dislike about these programs is how a white individual who grew up in a poor area, poor family, bad HS, etc, would not qualify, but a black/hispanic/native american individual who grew up rich and went to the best schools would. It kind of defeats the purpose of the program.

But obviously if you don't fit their diversity criteria you are just wasting your time. I don't know how they "verify" being LGBTQ but pretending to be gay doesn't sound like a good plan.

I am not white, but an immigrant from South Asia, but I definitely do agree with that. Liberals definitely have an agenda against normal, non-elitist white people.

I would fucking hate to think that if I have children in this country someday, they will have less opportunities than some other races because they are "Asian" and I guess we Asians do not contribute to diversity.

No matter how retarded or stupid the Republicans get, I will never support the Democrats because of AA.

    • 1
Apr 3, 2016

They do count military in most of these diversity programs even if you're a caucasian male.

Apr 3, 2016

I got in at a BB through a diversity recruitment program only because I was a freshman at the time and wasn't going to waste my time applying for the junior SA program. I'm just a regular white guy and I wasn't the only one. Not frowned upon - just don't lie about your heritage and/or sexual orientation because that will look bad.

Apr 3, 2016

Just thought I'd throw in my 2c.

Diversity is not exclusively minority/LGBT/military. Most of those admitted by diversity programs associate with those cata, but several are not. "Diversity" may very mean be "1. Climbed the Alps during my freshman year summer and nearly died but did xyz to rescue myself 2. Volunteered at non-profit targeted at under served white communities 3. Started a lost-and-found program specifically for dormitory quads (a kid literally used this as his selling point because he realized there was a lost-and-found for items lost in the library/academic buildings, but did not know where to go when he lost his sweater in the common room of his dorm, so he created a l&f program solely because of this) 4. Diverse personality.

Excuse my grammar btw

Banking.

Apr 3, 2016

Wait so the program is for disabled and or minorities? I'm totally speculating but since there is usually strict confidentiality involved regarding disclosure of disabilities, even if its a technicality id go for it? I don't have experience with diabetes so not sure.

Can you get a handicapped parking placard?

Apr 3, 2016

If you truly qualify as above poster mentioned, take advantage of everything. Think of it like an arbitrage trade. The program lowers the hurdle rate.

Incoming Ash Ketchum, Pokemon Master
Literally a problem, solve for both X and Y, please and thank you.
Hugh Myron: "Are there any guides on here for getting a top girlfriend? Think banker/lawyer/doctor. I really don't want to go mid-tier"

Apr 3, 2016
Comment

happy to give advice; no asking for referrals please

Apr 3, 2016
Apr 3, 2016
Comment
Apr 3, 2016