As someone who worked an IB let me tell you the tea on how this racist shit works.
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1) the most sought after and well paying postions in banks are Front office. These are the actual bankers who make the actual money for the firm. Starting salary is about 70k plus bonus.
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2)You rarely see black people in these roles because a lot of it involves networking. I’m not saying black people don’t network. I’m saying the white people who are already in help their frat bros or college alumni’s get in by passing their resumes to the MDs
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3) let’s not forget that a lot of the firms have target schools. None of which inclue predominantly black institution
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4) in conclusion, they ain’t find no blacks cuz they ain’t want no blacks
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Exactly!
End of conversation
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When they do have black people they have them in middle offfice and back office roles which pay less and are often monotonous and boring jobs which only have an exist strategy involving lateral mobility.
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