Why has it become so hard for white males to get a job in IBD? (LDN)

This is not a post aimed at bashing diversity programmes, ethnic minorities and I am a strong advocate for equal opportunities but I feel they are not equal.

As a straight white male in the UK, I have been really struggling to get my foot in the door at the top firms. 

I went to an average state school and I am white but I have still done leadership stuff at uni, worked hard etc and don't even get an interview whereas I have seen many non white candidates who still went to top schools etc and who haven't done anything at university landing the top roles.

I am starting to feel disadvantaged as ridiculous as that sounds. To give you an example- this week all my friends got spring weeks at Blackstone and PWP but as a white male I couldn't even get into those programmes. I have seen hardly any white males securing springs at places like GS and even at the summer level it just seems that white males have become the least common representation.

What can I do to try and get in as I am getting very upset and feel like I might need to fake being gay as my friend said when he clicked gay with a 2nd account he got an offer.

Again, I am not trying to be rude and I understand the historical issues etc but this is the present and today many white males from state schools like me are loosing out to white girls from posh schools, black guys from Eton etc. This can't be meritocracy. 

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Comments (230)

Feb 6, 2021 - 7:57am

Firms these days are more in the spotlight than ever. They need to signal the right virtues and report back to some CSR board or publish something.
After analyzing their current staff they'd quickly realize (with forecasting how many will die/retire/resign/get pregnant/drop out/etc) that certain ethnic groups need to be reinforced.

As a white male I believe that it is still possible to break into certain industries, but you would have to use your network more.

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  • Prospect in IB-M&A
Feb 6, 2021 - 8:04am

I think this is more true for springs and less true for summer internships. I know plenty of white males that have gotten summers

  • Prospect in IB-M&A
Feb 6, 2021 - 8:08am

I agree for summers the natural skill becomes more prevalent but at MS/JP/GS I would say white males are still the minority. Much more equal at the EBs though.

  • Prospect in IB-M&A
Feb 6, 2021 - 11:49am

Following up, I was in the same position as you in my first year. I applied to a bunch of springs and didnt get any. But that doesn't mean there isn't any hope. And wallowing in self-pity on WSO isn't going to help. Try and get involved in more finance related things over the next year, maybe rewrite your CV and CL. If you put in the work and are a strong candidate you will get something. 

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  • Analyst 1 in IB - Gen
Feb 6, 2021 - 2:08pm

This is likely because a large proportion of summer interns come from continental europe and language skills are needed, and those are often less "diverse" candidates. Rest assured that diversity is shoved down anyone's throat at any opportunity.

To OP's point, yes it isn't fair, this is the game now. It wasn't ever a meritocracy, e.g. with the famed Old Boys' Clubs of yesteryear (and now people believe that discriminating in the opposite direction will magically right those wrongs, and you are left holding the bags). You can fake your sexuality, I know some people that got offers and they do believe it is in no small part thanks to this. Just say you are bi, and find some bullshit diversity (Latino if you are a quarter spanish, etc.). Otherwise, go big 4, boutiques, and keep grinding.

I would really love to end this comment by telling you that hard work pays off, that your day will come, however lately I have been reminded of how untrue this is. There is a very, very small correlation between the efforts that people around me put and the quality of offers they got (if they got any at all). There is so much uncertainty that it is just a crapshoot at this point. Don't torture yourself over this, and keep moving. Do something you are passionate about and enjoy the ride, and don't hold up those that got the "top" firms on a pedestal, they all were all pretty lucky.

  • Analyst 2 in IB - Ind
Feb 6, 2021 - 8:10am

It's things like this makes me reflect on why S&T is dying before IB, almost everyone can do IB. That being said, IB is much less about meritocracy now and somehow commoditized. So firms can do what they need to get best PR and maximize their chance of surviving.

  • Analyst 1 in IB-M&A
Feb 6, 2021 - 8:18am

I'd say Blackstone in London is the most difficult to get. Applied already 4 times and never got even to the Pymetrics. From a (female) friend that is there, I learnt that this year they want to hire female as well so awaiting 5th rejection mail.

Somehow managed to secure a BB though.

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  • Associate 3 in PE - LBOs
Feb 6, 2021 - 9:08am

> Went to average school

> Can't get interviews at some of the most competitive jobs in the world

> Mad that kids from name brand schools get interviews

> Blames diversity programs

Maybe there's more to the story here?

  • Intern in AM - Other
Feb 6, 2021 - 10:35am

London cares a lot more about school pedigree. The non target school probably explains it

Feb 6, 2021 - 9:21am

Since when has it been a guarantee that average state school kids get IB gigs? Not digging state schools, as I came from one, but maybe your skin color isn't the main drawback of your candidacy. 

you didn't make good choices; you had good choices

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Feb 6, 2021 - 10:16am

Has it gotten harder - yes, is it impossible - no.

IB is an elitist job and will only take the best ones within their targetted group, aim to be the best within the group of people you would consider similar to you and you'll get a job. As simple as that. 

  • Prospect in IB - Ind
Feb 6, 2021 - 4:01pm

Most of my BB SA colleagues in London were white males/females. I'm a straight, white male from a semi target with no language skills, as are many others I met on SA... Work hard and don't blame diversity hiring.

Feb 6, 2021 - 4:13pm

It also doesn't help that banks let basically anyone apply for spring weeks. There were plenty of people like this on my Masters - 23 year old Europeans doing spring weeks in the first year of a three-year masters during which they will also do multiple summers and off-cycles... No wonder the 18 year olds at UK unis struggle to compete.

Feb 8, 2021 - 5:18am

This lol. Idk why anyone thinks that they're entitled to an IBD job. In London, it's fairly common to have Masters and even PHD grads fighting for the same jobs. Especially postgraduates from Europe bcuz in some countries you can study for forever (and even get an allowance while doing so).

Maybe that diversity hiring has gotten stronger since I graduated (didn't help me at all, and I tick two boxes), back in my day it was mostly just for show with "network" sessions, that's it.

Every single final round that I've ever been to (none from network sessions btw) - from BB S&T to consulting to a hedge fund, I was probably one of the few undergrads there.

Also note that almost everybody wants to work in London (maybe not after Brexit, but I'm not there anymore and idk), so a significant proportion of candidates were actually from European schools. You're competing with the whole of Europe.

During my IBD analyst training there were people who had switched jobs (myself included), gotten masters AND switched jobs, there was a lone 20 yo fresh grad in my group and probably a few more dispersed throughout the EMEA & APAC class, but fresh graduates were far and few. When you have people with 2+ years of working experience willing to come in as analyst 1, it's a lot harder for a fresh grad. Anw this was at a boutique

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Feb 8, 2021 - 6:45am

I think one of the main issues which you highlighted is that education is generally a lot cheaper and more accessible in Continental Europe than in the UK. Working class Brits get the short end of the stick since they can't afford to spend 3 years doing a Masters and their government won't give them a loan for it. Whereas in certain European countries as you mentioned it's possible to study forever with the amount of government support available.

Feb 11, 2021 - 2:42pm


This lol. Idk why anyone thinks that they're entitled to an IBD job. In London, it's fairly common to have Masters and even PHD grads fighting for the same jobs. Especially postgraduates from Europe bcuz in some countries you can study for forever (and even get an allowance while doing so).

Maybe that diversity hiring has gotten stronger since I graduated (didn't help me at all, and I tick two boxes), back in my day it was mostly just for show with "network" sessions, that's it.

Every single final round that I've ever been to (none from network sessions btw) - from BB S&T to consulting to a hedge fund, I was probably one of the few undergrads there.

Also note that almost everybody wants to work in London (maybe not after Brexit, but I'm not there anymore and idk), so a significant proportion of candidates were actually from European schools. You're competing with the whole of Europe.

During my IBD analyst training there were people who had switched jobs (myself included), gotten masters AND switched jobs, there was a lone 20 yo fresh grad in my group and probably a few more dispersed throughout the EMEA & APAC class, but fresh graduates were far and few. When you have people with 2+ years of working experience willing to come in as analyst 1, it's a lot harder for a fresh grad. Anw this was at a boutique

Wow... reading through this makes me realize that IB recruiting in Asia, and possibly even in NYC, is a lot less competitive.

Feb 7, 2021 - 11:29am

It's BS, and you're gonna stick it to those diversity candidates and programmes when you "have the power to do so" huh? Lol. More power to you, chap. 

I had a mentor (old white guy and chief investment officer of a large firm on wall street) once who told me he once had that mentality. After many decades and seeing the same faces and legacy hires over and over again, he finally came to the realization that maybe something might be wrong here. Now, he's the biggest "diversity" pusher in his firm. Idiots like you usually come to your senses much later down in your life (when you're ready to kick the bucket) as to why such programmes are needed - or, maybe not at all. Either way, more power to you.

  • Prospect in IB - Gen
Feb 6, 2021 - 6:01pm

Working class state school educated white men are the most disadvantaged group in the UK. You feel like you are at a disadvantage because YOU ARE at a massive disadvantage. It isn't a conspiracy theory, it's a fact

Feb 6, 2021 - 9:56pm

Working class state school educated white men are the most disadvantaged group in the UK. You feel like you are at a disadvantage because YOU ARE at a massive disadvantage. It isn't a conspiracy theory, it's a fact

Next thing you know you bums will storm parliament and tase yourself in process 

Feb 6, 2021 - 6:12pm

The idea that straight white males aren't being accepted onto spring weeks and internships is ridiculous. Firms are looking more and more to have a 50/50 male/female split of their junior intake. Of the 50% of spots available to you as a male, there will likely be a small percentage for the diversity quota. So the pool of available jobs for you is actually more likely only 30-40% of the total intake depending on what that quota is. These are some of the most sought after jobs in the market. Unless you truly believe there are no white straight males being accepted at all, you're just not as good as the ones who were accepted. And I say this as a straight white male from an average state school and non-Oxbridge Russell Group Uni.

  • Intern in IB-M&A
Feb 6, 2021 - 6:36pm

if you think this is hard, imagine what applying as an International, Asian Male feels like. (the trifecta of things that count against you)

  • Prospect in IB-M&A
Feb 6, 2021 - 7:42pm

What is the future for white males? Limited leadership opportunities at firms? Less promotion opportunities?

The white males will now be punished for the sins of our ancestors. The time has come. Is it right? Perhaps it is but mark my words, the future for the top positions is for the upcoming black males, white females, ethnic minorities etc. 

White males will become like tobacco companies- profitable and efficient but not the social optimum. 

For the white man to prevail it will take grit and you will truly need to be the best. Tough years ahead. Long live the 1980s.

  • Prospect in IB - Gen
Feb 7, 2021 - 8:29am

Couldn't be a worse time to be a white male as the push for equality has to be extreme in order for it to find a balance in the middle

  • Prospect in IB-M&A
Feb 6, 2021 - 7:54pm

God damn American bloody idiot! Read the damn post

This is in the UK (the country which invented your measly cesspit known as the USA). A state school is a high school which is provided by the government so an average state school may be a school in the North of England where the majority of the year ends up working in working class professions whilst private schools such as Eton (30k+) sends students to top universities who end up in banks and law firms. 

  • Prospect in IB-M&A
Feb 6, 2021 - 7:58pm

I am the OP. For the people who don't seem to understand my reference to state school...

My high school was an average government funded school in the North of the UK with an ofsted ranking of 'Satisfactory'. Most of my friends work in labouring jobs and I am of the minority who went to university. I am on the maximum bursary from the Government and study at the LSE which is a top target. I have roles in the finance societies, leadership and top grades but I couldn't land anything nor apply to programmes like Blackstone or PWP. Bit unfair when you have posh black children who went to Eton getting every role under the sun and girls from the City of London School for Girls getting into the PWP woman's programme whilst the white poor northern male from a state school gets jack all,

Feb 6, 2021 - 9:32pm

A few things. Yes, the diversity system is not nuanced enough to factor in people like you, other Asian groups that are disadvantaged,  and other factors. The thing is, you go to LSE. As a top target, you should be able to land roles. Instead of blaming race, maybe blame the fact that you're not doing well enough. At your hs you were the top kid. probably, but at LSE, you're not. It sucks that you're not privileged, but going to LSE puts you at a major advantage compared to non and semi target students of all backgrounds. Sure finance is becoming less white, but going from 80% white males to 75% still means you're the biggest group. Get your head out of your ass and be better.

Feb 8, 2021 - 5:30am

I'm from LSE. The number of people who come in thinking that they're the cream of the crop, only to find themselves normal to bottom bucket is astounding. 

While there may be a lot of LSE graduates in IBD, most LSE graduates don't end up in IBD, and not for the lack of trying. It's just numbers. OP's perspective is so skewed.

When I was graduating, the only thing an LSE degree with decent grades will guarantee you is a job at one of the Big 4, if you're willing to take almost any role, not necessary advisory. I'm not dissing the Big 4 - plenty of people way smarter than me have gone there, especially into the actuarial science and consulting roles - it's just that they hire a LOT more every year than your BBs do.

  • Intern in S&T - Equities
Jul 16, 2021 - 1:47pm

The diversity system in the UK factors in Asian people - they use the BAME (Black, asian, other minority ethnicity) acronym there due to having a completely different ethnic makeup (large percentage of south asians, slightly lower percentage of east asians than the US, almost non-existent Hispanic population).

  • Prospect in IB - Gen
Feb 6, 2021 - 10:15pm

Tbh your attitude towards black males from Eton is very telling. Whether someone is black or white, going to Eton (and then to a target) will undeniably put you at a greater advantage over 99% of applicants. Why don't you have an issue with while males who went to Eton => target, and then secured roles?

a lot of racist and sexist (e.g., your city of London for girls comment) undertones in your posts. Going to Eton (irrespective of race) will put them at a greater advantage over any state school student, but your anger seems misdirected. Life is unfair, keep grinding, work on any feedback you receive and your time will come.

  • Intern in IB-M&A
Feb 7, 2021 - 1:54am

The City of London School for Girls comment wasn't sexist. More about people who attended these schools aren't underprivileged in anyway. As opposed to girls who attended state schools who get passed over for the same PWP women's programmes because they don't sound posh enough

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  • Anonymous Monkey
  • Rank: Chimp
Feb 6, 2021 - 9:23pm

Funny because none of my white friends at LSE had any trouble landing IB SA roles (mostly SA20). Seems like you're just a mediocre interviewer / student / candidate and are looking to blame external factors.

Feb 8, 2021 - 11:24am

Yup, very easy to blame others instead of owning up to your own shortcomings. Going to LSE doesn't entitle you to a BB IB role, and plenty of above average LSE students (black or white or otherwise) will strike out on IB recruiting every year. Unfortunately, OP simply isn't good enough.

Feb 7, 2021 - 1:37am

The real reason why you're starting to feel disadvantaged is because when you're used to getting a leg up in life because of your skin color, any movement whatsoever to advancing equality and racial equity to a group in underrepresented minorities that's been historically excluded from the broader economy feels like oppression to you. Guess what? You actually have to compete now with the rest of the world. Shocker. SMIFs are feeders of students into IB/PE/VC/AM roles out of undergrad. I challenge you to find any Black guy at your SMIF if you can. Somehow, that disparity seems fine to victimized weirdos like yourself. My SMIF had no Black guy for years till I joined. I've been the only Black guy at the fund from freshman year till now senior year. You don't see me bitching about how unfair or rigged the system is.

The real question should be: "why am I (a straight white male at LSE) such a bad candidate that I can't even get an interview, even though my uni is a heavily targeted school, and the industry is still heavily dominated by white, straight, men?" Maybe IB is not for you because you're a terrible candidate? Ever thought about that? Out of a group of 100+ interns, my intern class had 5 Black students (me and some other dude in IB, the rest in back office). Around 65% of the intern class were get this, "white straight males" - most of which were in IB or front office. The others were filled with Asian men/women, black women, and white women (who made the larger bulk of the latter). Yet some idiot (like yourself) unable to break into the industry (because he is a horrid candidate), somehow feels like white straight males are oppressed. Get a grip snowflake.

I had a bunch of white dudes who were extremely secretive amongst themselves - getting PE/VC/IB internships in my sophomore & junior year via their extensive network and contacts they kept circled amongst themselves and excluded everyone else that wasn't part of their frat bro groups (you all know what the fuck I'm talking about). I didn't get up here screaming "woe is me guys," "I'm a victim - hear me roar." You're not a fucking victim and I wouldn't hire you (an individual without the cognitive ability to self-reflect on his flaws but rather blames it on others) either. When you stub your toe, do you blame "dIvErSiTy" and the "bLaCk GuYs" who went to Eton? Are you a better candidate and much well rounded than the black guy who went to Eton? "Woe is me" headass. What happened to picking "yourself up by your bootstraps?" Dumb fuck. You don't get a free ride anymore in 2021. Legacy admissions are fazing out - albeit very slowly. You actually have to earn it now.

Feb 9, 2021 - 8:47am

It irks me anytime I see white guys complain about about black people getting internships over them when most hires in IB, AM, PE, S&T are usually white men such as themselves. Most black full time and intern hires from my friendship circle (including myself) went into the back office almost no one got front office roles and the few that did were stellar irregardless of their race. I'm talking math geniuses from Eton, Harrow Boys ----> Oxbridge, LSE and top US unis with back to back competitive internships and flawless interview skills.

Its funny how someone like OP who isn't nearly as qualified thinks these people are stealing jobs from him. He should really get a grip and realize that he doesn't get anything handed to him because he's white.

I know a black guy at Point72 who has a double major with top grades in Nuclear Physics and Economics from a top uni and people who have 2.5 GPAs from bottom barrel schools have told me they think he only got in over them because of his race. 

  • Analyst 1 in IB-M&A
Feb 7, 2021 - 10:19am

People are way too obsessed about external factors 'taking away' their opportunities. I'm a firm believer in the idea 'if you're good enough a firm cannot afford to lose you to competition'.

My advice to OP is to focus on yourself, improve your profile, improve your technicals, and simply be the best version of yourself that you can be. Ultimately, that's all you can do. You need to have the fire and grit of really wanting it and taking nothing for granted. 

I'll also add, spring weeks are not as important as your peers think, just make sure you're in the best position for summers and that you apply early.

A fellow LSE graduate.

  • Intern in IB-M&A
Feb 7, 2021 - 10:50am

I would caveat that for the same candidate once he checks the gay/bisexual box his chance of at least securing an interview significantly increases. When you speak of "if someone is good enough he will get an offer" that is assuming they will first get to the interview stage.

LSE CVs are fairly similar to each other so it's not easy to stand out among a pool of very driven peers. And firms can't fill their entire class with LSE graduates so the same profile might easily stand out at Durham/Bath and then easier path to an interview from there, but not at LSE. Only once you get to the interview stage does it come to how good you are because then you are screened by people from the business who know what they need to look for and not incompetent UBS HR.

  • Analyst 1 in IB-M&A
Feb 7, 2021 - 11:06am

Good enough means you'll get an interview. If you don't get interviews as a student attending the LSE, there's something lacking on your CV in comparison to your peers. Often the lacking aspect of the CV is entirely fixable. It could literally be anything from not being interesting enough, to not seeming keen enough on the role.

I don't agree with your intuition about it being easier to interview from semi targets for two reasons:

1) Semi-targets often have a few very driven students, that are very smart, who would compete for top places if they were at LSE. Nothing is 'easier for them'.

2) LSE is one of the best represented universities for London IB and I know you'd get the benefit of the doubt in comparison to a semi-target candidate.

Therefore, while you may stand out at a semi-target, you'd probably still be better off at the LSE if you're good enough.

Your HR comment is quite right. Just learn to play the game; signpost and spell out all of your key points, reuse phrasing from the job posting etc.. 

Life is unfair, just do your best to get what you want.

  • Analyst 1 in IB - CB
Feb 8, 2021 - 11:27am

If you're ok with lying then sure, go ahead. I feel like people don't really understand the grave amount of risk they take when they lie for diversity points though. Sure, the chances of getting caught are slim, but if you are you will be fired and blackballed.

  • Analyst 1 in IB - Gen
Feb 9, 2021 - 4:55am

It's not due to not being from the U.K., it's due to being lazy .. many continental Europeans speak 3-4 languages

Feb 7, 2021 - 11:00am

Wow a lot of borderline racist white guys on here. I go to a target school and am a white state school male. I didn't get springs in my first year, worked my ass off and got springs a 2nd time round and will be interning at a top bank next summer. Life isn't easy so stop complaining and get out there and make it happen. When the going gets tough- the tough get going. 

  • Analyst 1 in IB-M&A
Feb 7, 2021 - 11:11am

I feel like people underestimate how difficult it is to get into IB, and when they're not successful on their first try, it's immediately a race thing. It took me many tries and other related internships before I got my job.

  • Intern in PE - Other
Feb 7, 2021 - 11:20am

Jesus the Hostility in this post is maddening, chatting about meritocracy a lot of these programs 100blackinterns, SEO are trying to get those who are just as good as you into intern roles because the fact of the matter is they are underrepresented, As they typically have been snubbed for roles. and Job applicants with ethnic minority sounding names are less likely to be called for interview. Now is that your fault no, does that mean you shouldn't be offered a job fuck no but the fact of the matter is your trying to blame it on a race like there are many other factors that go into decisions. 

  • Prospect in IB-M&A
Feb 7, 2021 - 11:49am

because the fact of the matter is they are underrepresented

Black people represent 3.4% of the British population, what the fuck did you expect?

Feb 7, 2021 - 12:03pm

What the fuck did you expect, the fact of the matter is white males have benefited from being white males in the industry, your attitude is dog shit, making it a race issue and getting up in arms when diverse recruits get offers, why can a company use diversity as a reason to join but diverse hires are the bad guys for applying, shut your dumb ass up . head ass

  • Prospect in Consulting
Feb 7, 2021 - 11:38am

to suggest that long-standing institutional classism hasn't seriously disadvantaged rural, working class people in the UK is mind numbing. are you from this country?

  • Director in AM - Other
Feb 7, 2021 - 11:49am

Blame white males of yesteryears for your struggles. The game was rigged in their favor, fairness didn't matter, only outcomes. You're dealing with the residual effects of a system trying to reverse some of its legacy effects. Sorry bro, you were born in the wrong era. But the game still benefits white males more, as a whole, than anyone else. White males aren't disadvantaged, this sounds more like a "you" problem.

  • Analyst 1 in IB - Gen
Feb 7, 2021 - 12:14pm

It isn't hard ... yes if you want to work at GS being a minority definitely helps, however for non-top3 BB as well as EBs and MMs, you just have to go to a good school and not suck in spring/summer interviews. 

By good school I mean Oxbridge, LSE, LBS, Warwick, Imperial, KCL, UCL as well as top 3-5 schools from continental Europe  

If you're not getting interviews, most likely it is because 1) you're not good at applying, are too narrow in your search or applied too late 2) you have poor interview skills or 3) you didn't go to one of the mentionned schools and you have to compute with Oxford/LSE kids coming from a nontarget school

Feb 7, 2021 - 12:30pm

He goes to LSE! He's a super-duper-quadriple target student yet he's still bitching. This is not a non-target school student as you originally thought. He has all the opportunity of a globally recognized brand name. He's just a spoiled S.O.B that thinks the world owes him something and it is going to come to him and single-handedly offer him the deal of a lifetime. 

  • Intern in AM - Other
Feb 7, 2021 - 3:52pm

He's already at a strong target school. Even interview spots are limited at target schools, so most likely his profile or interview skills aren't as competitive as his peers in the same class

  • Analyst 1 in IB - Gen
Feb 7, 2021 - 4:23pm

Don't think it's about profile, people don't have any experience when they apply for springs/summers. If he goes to LSE and manages to not have any interview, this is quite surprising and just means he only applied to GS or is bad at interviewing  

LSE students usually have a few good IBD interviews when applying. Even at the postgrad level, with a bad CV it's quite common to land McKinsey/Bain and Bulge Bracket interviews... 

  • Prospect in IB - Gen
Feb 7, 2021 - 7:11pm

Not even an issue just on this site, I've personally been accused by HR of only getting internships via diversity schemes, which is funny as I've never been a member of any of those organisations 

Feb 8, 2021 - 1:48am

My friend, I think that you should think about it on a large scale and in other ways and try to find out what these people offered to get their jobs and if someone got a job based on his appearance or through an intermediary, for example, then you will know that place is not a good place for work

  • Intern in IB-M&A
Feb 8, 2021 - 5:36am

This race relation shit is so annoying. You weren't good enough that's it

Feb 8, 2021 - 5:56am

Na qualifcations have very little to do with it now. They don't even ask questions about the job or uni in interviews (I've had plenty). I had a spring week and some kids there knew nothing about finance, but it was as diverse as possible. And all banks have special recruitment days for women, LGBTQ, black, etc etc. You get much better chances than an average white male.

  • Intern in IB-M&A
Feb 8, 2021 - 7:57am

I got to 4 BB final rounds and the interviewers just read out a list of vapid questions given to them by HR. Majority of those questions are quite BS

Feb 9, 2021 - 12:06am

1) Tick LGBT and move on. We all know the scales are being tipped in a certain direction. So play with the cards you're dealt with.
2) You go to a target. IB is always incredibly hard to break into. Work harder, practice technicals, do mocks, network more etc. Use advise from (1) to get the interview. Once there, crush it. And when you get to the firm, you quickly start standing out if you are indeed the superior analyst IMO.

Feb 9, 2021 - 7:35am

You won't get much traction on this forum as it is so US centric (see the number of chumps who think State School = HYP...) but you are right.

I interview most of the VP and below candidates for my MM bank and the number of low quality diversity candidates thrown into the mix is a joke. A large number of these people make it through to an internship and then graduate straight into EB/BB, and some are worse than useless during their time with us (incompetent and bad attitude). Unsurprisingly plenty of these names previously went to Eton/Westminster/Charterhouse etc.

That's not to say all of them are bad - there have been some really strong individuals - and it's not exclusively a diversity hire issue - some of the worst I've come across have been white middle class sons/daughters of clients who use us for a summer CV pad before jumping into an EB/BB or straight into the buyside.

But as a white working class male from the regions your chances are not good, in IBD or any other professional services career for that matter.

  • Intern in AM - Other
Feb 9, 2021 - 10:17am

OP goes to LSE, which is a strong target school, so it would be similar to a top target in the US. Not talking about his high school here. Even in the US, banks do not fill an entire class with only Harvard students or only Yale students. Spots are still limited for target schools so he has to stand out among his peers

Feb 9, 2021 - 9:39am

in your OP you fail to state your GPA.....so, what is it?

How many languages do you speak?   Can you code?  

just google it...you're welcome
Feb 9, 2021 - 9:57am

I cannot resist the temptation not to comment here.

I work for a top-tier company that I would say has the following race structure:
80% - white male
10% - white female
10% - the rest (this is where I sit - I had to work harder than anyone else in my associate class to break in)

It's funny that you assume that you are not getting interviews because of your race - arrogant much? The industry is more inclusive nowadays and that makes it more competitive. People are going over and beyond to secure these positions, not sulking on WSO. So what if you went to LSE and did some other things on the side? That alone is not good enough anymore.

Rather than assuming that the ONLY reason that you're not getting any of these positions is because you're white - how about you work harder, network extensively and learn new skills that may make you a better candidate.

Rant over

  • Analyst 2 in IB-M&A
Feb 9, 2021 - 4:35pm

Diversity is a way for rich whites to raise another group up for the explicit purpose of economically pulverizing poor whites (except they'll frame it as something along the lines of "lol these stupid hicks just can't compete in a global economy that we explicitly rigged against them"). 

The vicious hatred that wealthy white liberals in both the US and UK have for working class whites has increased substantially in the past few years, and it is not going unnoticed.

Feb 11, 2021 - 12:18am

Good insight. I notice this as well. Diversity is also a way for them to keep legacy hires of their own ilk in good positions while keeping a PR-friendly exterior of helping the disadvantaged. 

It's really all a zero-sum façade. 

The last bit is also correct about the "global economy." That's a classic you'll often read on any major newspaper's comments or blogs, like the FT

Feb 10, 2021 - 9:23am

Sorry, but this is too funny. Someone needs to wake up.

SafariJoe, wins again!
  • Intern in IB - Gen
Feb 11, 2021 - 10:24am

Tfw London is a white man's world and you blame diversity hires because you can't break in

  • Analyst 1 in IB - Gen
Feb 12, 2021 - 6:34am

It makes me laugh that people say that it's harder to land IB roles from the LSE because since everyone is good, you don't differentiate. 

1) plenty of people are actually pretty bad and socially inapt there 2) A lot of students there barely speak English. Hell, they even give English classes. I'm not kidding. If you're losing out to those guys, something is wrong with you. 

Also, LSE is (or used when I was there) to be the TOP FEEDER for IBD roles at GS, MS and JPM in London and NYC combined. Including the aforementioned underperformers. 

Yeah, IBD is competitive (breaking news) but if you're not getting interviews, it's on you. Improve your recruiting skills. Do an exchange abroad. Have a cool hobby, any cool experience to talk about. Learn a foreign language. Get a better haircut that doesn't make you look like a nerd. Practice basic math and online tests. Basically stop b*tching out on WSO and get shit done. There are other people who actually have to fight an uphill battle and will have no compassion for your weakness. 

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