Diversity

As someone who went to a state school and actually had to bust my ass off to break into a Bulge Bracket out of school (graduated 2016) I have genuinely gotten exhausted at looking at extremely underqualified candidates getting offers thrown at them through diversity. It's universally known that if you went to a public high school, you essentially have to get perfect grades / test scores to even get into a WashU / UVA type school which isn't even in the upper-tier of Wall Street feeders. So basically unless you're a "diversity" candidate you are required to get perfect grades / test scores from

20 Sep 2020

Been asked to help with recruiting, but I was curious if any long timers in the industry at IB, PE, or consulting firms actually noticed a change in a company's culture after they hired diversity initiatives. In addition, I was curious if you noticed a change in incoming analyst classes, in terms of race, background, and school, since the start of these programs?

12 Oct 2020

So here is my rant on diversity programs and all the complaining that happens (ironic because I am complaining..sort of) Also, I am a white male from a non-target SEC school who landed an offer at a BB, so take as you will. I am a firm believer that diversity is great. I do not believe that diversity programs take away opportunities from me, even as a non-target white male. Companies will choose the best candidates regardless of skin color more times than not. It is pretty simple- the best of the best will rise to the top, maybe not initially but eventually, they do. For example, I knew that

24 Sep 2020

Hey guys, I'm doing a freshman diversity program at a BB this Summer (think Morgan Stanley, Citi, with their weeklong programs and whatnot, etc.). Obviously this isn't anything like an actual summer internship, but it's still something worth noting, so where should I put it on my resume?

30 Jun 2020

Hey Monkeys, I'm a sophomore attending a semi target school. I'm Asian, which makes me disqualify for diversity events as I understand. But in my case, I'm the first middle schooler, high schooler, and college student in my family. soooooooo... do I count as diversity?

22 Oct 2020

Hi WSO, just a quick question because there are so many banks and this all gets confusing. Are there remaining diversity programs still that are open or have not opened yet???

22 Jun 2020

On the note of diversity programs, what percent of financial firms actually have Native Americans as part of their firm make-up? Have you ever met a person who identified as Native American in past diversity events?

28 Apr 2020

I'm a sophomore at a non-target and gotten so many emails from firms telling me about their diversity "insight" days with accelerated recruiting for next summer. I'm a pacific islander and most of the flyers say like "women" or "LGBTQ" or "Black/native american". Should I apply to attend these events anyway considering I may or may not be considered as diversity?

25 Feb 2020

I am a current sophomore. I am applying to sophomore diversity programs for SA 2021 IB, and was wondering if you need to network extensively to get into these sophomore programs like you have to for normal junior SA IB programs (2022 for me). I know for junior year SA IB, people say talk to 5-10 people from each bank; however, I'm not sure if this would apply for sophomore diversity programs like Citi soph leadership and Early ID, MS sophomore diversity IB internship, DBachieve, Barclay sophomore springboard, GS diversity summits, etc, because the deadlines are so early for these and there are

18 Sep 2020

Hot take, but I think programs like SEO and MLT kill off a large percentage of nondiverse applicants in the recruiting process and give any slightly motivated minority the ability to attain a top tier internship. This year's SEO and MLT class have nearly 800 interns at over 80 top tier companies. Obviously these programs are essential to diversify talent in various fields, but as they grow more and more every year, I think nonminorities will struggle to compete with people in these cohorts. What are your opinions on this?

16 May 2020

Hey! I'm a freshman and over break I'm trying to apply for a couple internships for the summer. Does anyone know which programs are actually open? I saw a forum with like 43 different diversity programs but none of them are open. So if you know any diversity programs that are open for the summer or any other programs, please let me know!

31 Dec 2019

Hi Everyone! I'm a rising sophomore at UMich and I got accepted into Morgan Stanley's Freshman Enhancement Diversity Program. Because of the coronavirus, the program was postponed to late August. I heard the program is a good gateway to getting into MS's sophomore analyst program; however, applications for the sophomore summer program are already open. I was wondering if I should apply now through the MS portal or if I should wait until the program to see if I get a super day that way. I feel like its easier through the program but I am not sure. Also, if anyone has any comments/advice on how

22 Jun 2020

I am a diverse student at a high-ranking university, and I am curious if other people notice the same thing I do. Whenever I go to diversity info sessions or diversity programs/events, I constantly see non-diverse candidates there. Do others experience this too? Or, at diversity super days, do others notice non-diverse candidates? I would like to see if my experience is the same across schools and firms, or if I am an anomaly. It seems counterintuitive for firms to market diversity events and have non-diverse candidates, so I want to see if others notice this too. Please let me know!

01 Nov 2019

Hey all, I see threads for earlier years of this but none for 2020 so I figured I'd get it started. Anyone have prior experience able to tell us what to expect? Where is everyone currently at with their applications? Who are you and what does your application look like? Anyone who maybe has applied and got rejected with friendly advice about what you did differently? What do we all think about the Pymetrics system?

24 Jun 2019

has anybody heard back from morgan stanley for the early insights programs for 2020 by any chance. just completed a hirevue not long ago and am curious

11 Feb 2020

Hi, Recently completed hirevue for BAML Diversity Inclusion BANKING/MARKETS MARCH5-6 IN NYC FORUM. Has anybody hear back or know when we can expect to hear back?

11 Feb 2020

Just had an interview at a target for 2019 BEL program. Has anyone heard back? Have other schools been interviewed?

18 Apr 2019

Hi monkeys, I applied to BoA's Banking, Markets & IM Diversity & Inclusion Forum in NYC (4/10/19-4/11/19) in early February. A couple days after I submitted my application, I received an invitation to submit a HireVue application. I figured that was a good sign, so I went ahead a submitted it. It's been a couple months now since I submitted and I haven't heard back from them yet. Has anyone that applied been accepted yet?

19 Mar 2019

Hi all, I'm curious about RBC's Global Investment Banking Culture in New York. I would like to know how diverse it is (in terms of both gender and race), how friendly people are, how hard people work, what the hours look like, and anything else you think would be helpful. Thanks in advance!

22 Aug 2020

Just thought I'd start a thread for this as they begin sending out invites. Feel free to update this with offers, interview experiences, etc.

21 Mar 2018

I am a junior in college and I just found out that I was accepted to the Oaktree Future Leaders program. I will be attending the training session in person in the NYC office. Is anyone else planning on going/have any idea what this program is? I applied on a whim and don't have many friends in finance so I'm curious what to expect. I know from the description that it will culminate in some kind of case competition - but what exactly is the point of the event? Is it to recruit current undergrads for positions 2-3 years out of school? FYI - I am a junior at a target school and am interning at a

11 Jan 2019

How much does a Diversity program help in terms of securing a return offer? If I secure an offer for a Freshman program, how likely is it that I'll get in for the Sophomore one? And for the Sophomore one, how likely is it that I'll get in for Junior? Thanks for your help.

30 Jun 2020

Hello everyone, I have been recently looking on WSO, and I have found it super helpful to hear people's experiences in management consulting. I am currently a sophomore at a top target Ivy League college, and I am a first generation student and underrepresented minority. I have a pretty good resume for my year, and decent GPA (3.55). A year ago, I never even knew what consulting was. Now that recruiting season for junior internships is coming up this fall, I would really would appreciate any advice or help on how to make it into an MBB. I really want to go into strategy consulting because of

26 Feb 2019

Does anyone know what the program structure is like? Is there a super day? (this is for IBCM, Equity Research, S&T or Tech). Thanks!

15 Mar 2018

I got invited to a BAML diversity forum but there is a potential conflict for me. Does anyone know if there are first round interviews attached to their diversity programs? I know their general apps don't open until July 1st but I was wondering if diversity recruiting was earlier.

02 Mar 2019

Was wondering if anyone heard back yet. Since PJT is the spinoff of BX, I imagine this program may be as competitive as the Blackstone Future Women Leaders Program.

15 Aug 2017

Hi all! I was accepted into several sophomore Pre-Internship/Early Insight/Diversity Programs and was wondering what is the purpose of these programs. Do they serve as a pipeline for summer recruiting, or are they more of information sessions? Would these be useful to put on a resume and if so, how would I go about doing so? Thanks!

14 Mar 2018

Here we go again, boys. Diversity rant. Notice what I did there? I said "boys" because I'm sexist, right? Wrong. Am I sexist? Fuck yeah, if paying for everything and thinking (knowing) that men are better drivers is sexist. But no, I'm actually just speaking to my intended audience, heterosexual white men like myself, because I need some back up. How many of you have been working at your financial institution for at least 5 years and have noticed that even within that short time, PC culture has gotten wildly out of control? I was asked to put a trigger warning on a presentation that utilized

24 Sep 2016

Has anyone heard if they have been accepted to the JPMorgan Chase Freshman Experience Program yet? I did the video interview last week and haven't heard anything yet.

07 Apr 2017

I am personally familiar with the GS undergraduate camp that flaunts an application rate of over 3000 students with an acceptance rate between 200-350. Is this an accurate statistic? Do other diversity events/undergraduate camps deliver similar figures? It seems that everyone with a LinkedIn account gets invited to these things but the acceptance rates I'm familiar with suggest otherwise.

09 Mar 2020

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

06 Mar 2016

Has anyone heard if they have been selected for 2017? I know the cutoff date was two days ago, but I didn't know how long it usually took for them to announce.

06 Sep 2017

So Mike Pence is getting some criticism for having a policy where he doesn't meet with female staffers one-on-one. http://www.bbc.com/news/blogs-trending-39447921 I know a few senior guys who have a similar rule, and will keep an open door in their office or invite a male colleague along when there is a one-on-one meeting with a female. Their reasoning seems to make sense: for sexual allegations (true or not) you are essentially guilty until proven innocent, and it instantly creates a label/perception that you will never be able to shake. It can destroy careers and lives if it comes down to

30 Mar 2017

Would love input from UT Austin McCombs alumnus & BHP students. Most students, 80% (shttps://texadmissions.com/blog/ut-business-honors…) students in BHP are students from TX and see that they are all from similar background - academics and Extracurricular activities are also academic (what I see College Confidential). Wondering how good the academic experience will be if there is NOT the diversity that you see in U of M, Wharton or NYU where students are many different states? Especially for a Management degree where it is important for students to be

04 Dec 2018

Anyone received a call back this week? I have a phone interview this week and was wondering what types of questions were asked (basic/technical/fit?). Thanks

25 Oct 2014

Hey, I was wondering if anyone has heard back from any of the firms for their LGBT conferences: Citi Pride Summit Goldman Sachs Pride Summit Barclays Bootcamp for corporate finance and Markets J.P. Morgan Proud to Be

20 Oct 2014

I was wondering if anybody here applied for this program (particularly in Corporate & Commercial banking, because I think the IB program might have a different notification timeline) and was notified? With over 1,000 applicants I figure there must be a few here. They said in the conference call that the decisions would be rendered by this week. If so, did they reach out via. e-mail or phone for 1st round? Did they send out a rejection e-mail? I haven't gotten anything yet and am hoping I didn't give them the wrong e-mail or something

11 Dec 2015

Mod note (Andy): WSO top comments - this one is from the post in response to diversity in investment banks. Click here to see more top rated comments You asked why there isn't more diversity on the street given that only 'average talent' is required. Here are my thoughts. One: We define diversity too narrowly. Race is not the only lens. We should also think about it in socioeconomic terms. Students from under-resourced communities are from every race. A lot of people immediately think "diversity" equals "black", but there are Hispanic, Asian, and white students suffering from educational

30 Jan 2014

I was just wondering if Indian's from India are minority? If yes, then would I be eligible for the diversity specific programs that many firms have?

06 Feb 2013

I didn't know this was even going on, but apparently the EU may soon require boards to be 40% female. Britain is against strict quotas, instead favoring a business-driven approach. I actually can't believe this is an issue. The EU can actually get together to force diversity upon the private sector, but not to manage monetary policy. How exactly is this justified? [quote=NY Times]Still, Britain might be obliged to accept some aspects of the proposal after Viviane Reding, the European justice commissioner, dropped plans to punish companies that did not meet the 40 percent threshold. Ms. Reding

18 Nov 2012

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04 Feb 2018

I just started IB at a great firm and am already getting messages from head hunters. I identify as LGBT, and I know this diversity plays a role in IB and consulting recruiting but was wondering what the process is/how is it considered or disclosed for PE.

02 Jul 2019

With all this female diversity recruiting stuff and stereotype of Chinese and Indian quants/engineers I didn't expect 99% white men. Is this how it is on most BB trading floors?

21 Oct 2010

Has anyone gone through the application process for McKinsey's Diversity Leaders Internship? What was the application process like? Did you have to take the PST? What were your qualifications going in? Did you get an offer? I'm just trying to get an idea of whether or not I would be a competitive applicant, i.e., is it even worth applying for. I've attached a scrubbed copy of my resume in case that would help. And if you would like to see the actual website address pm me. Thanks for any insight.

04 Aug 2014

hi, many bbs have gay 'recruiting' events...does this up one's chances and are there any benefits to it or is it better to stick to the regular track? also how can they tell you're gay thanks

17 Nov 2010

Has anyone heard back from this program yet? Thanks!

21 Mar 2016

Recently applied. Has anyone had any experience with this program or know if they place in IB? Also does anyone know if being invited to an interview makes being accepted likely? Interview tips? THANKS

03 May 2014

For global wealth management for MSSB, I noticed they have this diversity program that gets "diverse" people into internship positions. What exactly goes on during the orientation of a diversity program for the interns? And in what sense does diverse mean? As in specific majors that usually wouldn't apply to MSSB, racial makeup, or what? I heard a rumor that it is a special program geared towards getting African Americans, Hispanics, and other minority races in. Does anyone have an insight? Thanks because I am part of this internship!

29 Jun 2011

hey guys, i'm new here so there may have been a post on this in the past that i couldn't find in my search so forgive me in advance if this is true. i just had a question about diversity events for bb firms. so im a sophomore at a target and there are definitely a lot of diversity events and the like. technically i count as an URM since my grandma is african, but if you were to take one look at me, you would never guess that. so when it comes to these events, ive been self conscious to show up and have them kind of question me and think im playing the system. im not sure to what degree that

20 Jan 2013

Hi everyone! Morgan Stanley recently posted early insight programs for women, students of color, and lgbtq+ individuals. You can find all those opportunities along with other financial services externships at xterns(dot)com. Good luck!

05 Jan 2019