Relocation Bonus Only for Diversity Students ??????
I am at a large investment bank in NYC. I just realized that the only people in my internship that got a relocation stipend were from the diversity programs. How the f*** is this not straight up racism???
So far I have not said anything about different recruiting pipelines, programs, etc, but to give the diversity program students stipends and not give the asian/white guys a relocation stipend has to be extremely racist and unethical, especially when some non-diversity might really need the money.
This level of unfairness has to stop.
Bump
As diversity this is ridiculous if true
del
Edit: Morons, I deleted because I replied somewhere else accidentally.
DEI enthusiasts be MS’ing deleted comments without understanding anything. Speaks volumes.
Wait till you hear about the "diversity scholarship" bonuses for MBA associates - to the tune of $50k+
JPM does this too
almost 100% of diversity programs say in the application that low income or underrepresented students are welcome to apply aka. white or asian men w low incomes. feel free to apply
As if they even gaf about people from those backgrounds lmao
Nah bro. I went through the most recent SA cycle low-income weren’t included for diversity. Only bank that cared was PWP tbh I doubt they really cared.
lol not true moelis barclays gugg diversity programs were open to first gen college students
This is blatantly not true
You know damn well that's not what they're referencing and will never be the people who get selected. Show me a single white guy or asian guy who got into a DEI-oriented program. I'll wait...
The way things are going, non diversity should be super grateful that they are even considered for these roles.
bump
They brainwashed us into thinking that normal DEI wasn't just racism. Now extreme DEI only feels slightly wierd...
Cap
I'm calling big cap
Not that unbelievable. Crazier stuff happens on a day to day with diversity specialty. They penetrated slowly while we sat there like slow-boiled frogs.
Please don't lump me in with this "we". Idk what merit there would be to selectively removing relocation bonuses when most banks have provided them for years to everyone.
This is very simple. If this happened you email HR, "hi when am I receiving my relocation bonus, I've heard some other interns received theirs already."
Ball's in their court.
Didn't Evercore a few years ago do a much larger FT signing bonus for women? Like $60k more or something?
With the amount of Good Ol’ Boy gatekeeping in our industry you’re really complaining about a relocation stipend? What’s the percentage of diversity students vs non diversity in the internship class? I can tell you industry wide the percentages of each group don’t represent the percentage of qualified professionals of each background. Work hard keep your head down and I’m sure you’ll end up alright.
Not the point. It’s not the white kid’s fault for being white that he doesn’t get relocation assistance. Why can’t you be white and poor at the same time?
I get that, I think the point is encouragement. How do you go about encouraging diversity in traditionally no-diverse arenas without incentives for said diversity? There are poor kids from every background but that doesn’t address the industry statistics. There are also smart people from every background as well…
Congrats on your n-word pass
Judging from the likes on this comment clearly racism is alive and well in the industry.
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