Race, Gender and the Banking Industry

Examines issues of race and gender in the investment banking industry.

This study examines the nature and effects of race and gender on managerial progression within the investment banking industry. It attempts to prove that race and gender have the potential to negatively impact a minority’s ability to progress in the industry. Successful advancement opportunities, in theory, should be contingent upon an individual’s skills, abilities and work history; unfortunately time and time again this theory has been disproven by statistical data which indicates that race and gender do in fact impact an employees potential for achievement. The study focuses on the managerial progression of candidates, both male and female, of minority and non-minority descent within the U.S. and the U.K. It also details the importance of developing more comprehensive recruiting and promotional activities targeted specifically toward these populations. The paper concludes that equality measures implemented thus far have not been efficient in attracting and promoting candidates. Table of Contents: Abstract List of Tables

Research also reveals that at least within the United States, finding African American presence among the highest https://newyorkessays.com/essay-gothic-elements-edgar-allen-poe/ levels of responsibility at Wall Street firms including financial institutions and investment banks is not nearly as difficult in modern times as in historical times (McCoy, 1992). Black finance professionals have actually essay writing service discount built impressive track records with their own investment firms” (McCoy, 1992). The good news however is tempered by statistics that reveal that in general there are still very few African-Americans and like minded minorities working in managerial positions overall within the nation’s leading investment banks (McCoy, 1992). This is even truer for minority women, who often face double discrimination, being an ethnic minority and being a woman. Statistics also reveal that few black finance professionals are currently “coming through the pipeline” to help statistics (McCoy, 1992).”

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