Applications to our 2025 Growing Diverse Leaders Program are now open! Aimed to introduce highly motivated undergraduate students to our trailblazing merchant bank focused on TMT Investment Banking and Growth Private Equity Investing, this program is open to current sophomores of all majors and educational backgrounds who identify as female, Black, African American, Hispanic/Latinx, Native American/Indigenous, LGBTQIA+, First Generation, and/or US veteran with 3+ years of active or reserve service. Applications close on December 1 at 11:59PM ET. Learn more about our one-day educational program and apply here: https://lnkd.in/eSs37RpF
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??Goldman Sachs Group Inc. has made a surprising change to its “Possibilities Summit” for Black college students: It’s opened the program to White students. ??At Bank of America Corp., certain internal programs that used to focus on women and minorities have been broadened to include everyone. ??Wall Street has long skewed White and male, as it still does. Even an inkling that banks are retreating from DEI has some women and minorities questioning how real promises of change were in the first place. ??Recruitment programs aimed at women and minorities — a key tool for recruiting diverse talent — are being reworked. In-house affinity groups, specific workforce targets and even boardroom diversity initiatives are all up for review, executives, consultants and lawyers say. ??JPMorgan’s summer fellowships for Black undergraduate sophomores is now open to all sophomore students “regardless of background.” ??At Goldman Sachs, lawyers have advised senior executives to remove references to race and gender in college recruitment programs, according to people familiar with the matter. They’ve also warned against hosting exclusive events for specific groups, such as women and people of color.
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An important article to read as we consider the trends of DEI practices in the U.S. Valuable insights (as usual!) from Ana Duarte McCarthy as well.
Since the Supreme Court's decision to ban race as a factor in college admissions last year, American companies have been trying to figure out how the ruling might affect their own efforts to recruit from underrepresented groups. On Wall Street, banks have been quietly reassessing their promises to level the playing field, as executives try to head off accusations of reverse discrimination amid a growing conservative assault on DEI and pockets of resentment among White employees. Goldman Sachs for example, has opened its “Possibilities Summit” for Black college students to White students. At Bank of America, certain internal programs that used to focus?on women and minorities have been broadened to include?everyone. And at BNY Mellon, executives are being urged to reconsider hard metrics for workforce diversity. They may seem like small changes -- lawyerly tweaks, executives say -- but they are starting to add up to something big: the end of?a watershed era?for diversity in the US workplace, and the start of a new, uncertain one. One influential Wall Street banker said he’s observed that the sway executives in charge of diversity recruitment used to have with decision makers has diminished.?He said that colleagues who'd been willing in recent years to be open to diverse recruitment are reverting back to the way they were before Floyd’s murder. Don't miss this important story from Max Abelson, Simone Foxman, Ava Benny-Morrison, Sridhar Natarajan and Jeff Green that looks into what's changing and what that actually means. With special thanks to Subha Barry, Valerie Irick Rainford and Ana Duarte McCarthy for sharing their insights. https://lnkd.in/gcQqSrGM
Wall Street’s DEI Retreat Has Officially Begun
bloomberg.com
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Since the Supreme Court's decision to ban race as a factor in college admissions last year, American companies have been trying to figure out how the ruling might affect their own efforts to recruit from underrepresented groups. On Wall Street, banks have been quietly reassessing their promises to level the playing field, as executives try to head off accusations of reverse discrimination amid a growing conservative assault on DEI and pockets of resentment among White employees. Goldman Sachs for example, has opened its “Possibilities Summit” for Black college students to White students. At Bank of America, certain internal programs that used to focus?on women and minorities have been broadened to include?everyone. And at BNY Mellon, executives are being urged to reconsider hard metrics for workforce diversity. They may seem like small changes -- lawyerly tweaks, executives say -- but they are starting to add up to something big: the end of?a watershed era?for diversity in the US workplace, and the start of a new, uncertain one. One influential Wall Street banker said he’s observed that the sway executives in charge of diversity recruitment used to have with decision makers has diminished.?He said that colleagues who'd been willing in recent years to be open to diverse recruitment are reverting back to the way they were before Floyd’s murder. Don't miss this important story from Max Abelson, Simone Foxman, Ava Benny-Morrison, Sridhar Natarajan and Jeff Green that looks into what's changing and what that actually means. With special thanks to Subha Barry, Valerie Irick Rainford and Ana Duarte McCarthy for sharing their insights. https://lnkd.in/gcQqSrGM
Wall Street’s DEI Retreat Has Officially Begun
bloomberg.com
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Looking at the "fruit" of #DEI objectively will give you heartburn. In the best of times it's more about saying the right thing than doing anything measured objectively advancing the rights of the marginalized. Before we attach ourselves to an arbitrary systems "branding," I hope we may consider self advocacy far more effective than allyship #futureofwork #selfadvocacy #supportedemployment
Culture Expert ? Award-Winning Author, “Cultural Intelligence for Marketers” ? Brand Strategy ? Consumer Insights ? Cultural Semiotics ? Inclusive Innovation ? Activism & Social Change Freethinker. Unbought & unafraid.
When I say we are living in a “desegregated white supremacy” (Dylan Rodríguez, 2011), this is, by no means, an exaggeration. You only have to read the following lines, and it doesn’t even require us to have to read between the lines. It’s all there—written in plain words. ?? “She’s had White women ask her what opportunities their sons will have if Wall Street focuses solely on promoting underrepresented groups.” ?? The attacks against “DEI” in the workplace—or “purpose” in marketing—is an attempt to take back racial power. At the grassroots, people fight for radical change. Corporate America has co-opted grassroots abolitionist movements for no other reason that to weaponize making concessions as a way of maintaining racial power. What does that look like? It looks exactly like “desegregated white supremacy” as I’ve mentioned - continued dominance of the ruling class with some semblance of concessions re-enacted through public celebrations of “diversity” but the admission of only a select few. Nothing new about this. Anyone who has seriously studied the histories of revolt (in this country and elsewhere) understands that this is precisely how hegemony works. The challenge is that most people aren’t given an opportunity to develop critical historical hindsight to understand that the struggle against racial capitalism stretches back to the abolitionist struggle of the eighteenth and nineteenth centuries—that we struggle against is what Saidiya Hartman calls “the afterlife of slavery.” That’s precisely why we mistake what is, for all intents and purposes, simply self-interested advocacy for white bourgeois interests as some kind of transformative politic. And so, of course, inevitably, when it’s hard to deny it, we will come to be disillusioned and disappointed when the system reveals itself to do what the system does: co-opt, appropriate, suppress, and neutralize. https://lnkd.in/e8UcWHSt #culturalinsights #consciousmarketing #blackstudies
Wall Street’s DEI Retreat Has Officially Begun
bloomberg.com
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I had the privilege of addressing over 150 ambitious Black students and recent graduates at Barclays' "Young, Black and in Finance" event. The energy in the room was electric, filled with potential ready to be unleashed on the finance world. As I shared my journey from a council estate to a thriving career in finance, I saw eyes light up with recognition and hope. My message was clear: your background isn't a barrier—it's your unique edge in this industry. To the future finance leaders I met: 1. Your perspective is invaluable. The challenges you've faced have equipped you with resilience and insight that this industry needs. 2. Embrace discomfort. You might often be the only one from your community in the room. Use that position to drive change. 3. Your 'superpower' lies in your differences. My immigrant background and early struggles shaped my approach to finance in ways that became my greatest strengths. 4. Focus on what you have: work ethic, likability, curiosity, and drive. These qualities will set you apart more than any privilege ever could. 5. Don't wait for opportunities—create them through relentless effort and dedication. To Barclays and Nana Agyemang : Thank you for creating this crucial platform. Your commitment to diversity is shaping the future of finance. To every young person wondering if they belong in finance: You don't just belong—you're essential. The industry is waiting for the unique value only you can bring. Let's continue to break barriers and redefine what leadership looks like in finance. #DiversityInFinance #FutureOfFinance #CareerInspiration #BarclaysEvent
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Meet Eriyaana Greene, a dedicated Program Manager at the Association of African American Financial Advisors (AAAA), where she leads efforts to advocate for and elevate Black/African Americans in the financial services industry. With a strong background in community engagement and project management, Eriyaana connects emerging professionals with critical growth opportunities. Prior to joining AAAA, Eriyaana built her expertise in Global Procurement, gaining valuable skills in customer service and cross-functional collaboration. Her strategic approach to stakeholder management and project execution now benefits the financial professionals served by AAAA. Outside of her role, Eriyaana is a board member and mentor with We Are Pearls, an organization committed to empowering young girls. She holds a B.B.A. in Marketing with a minor in Supply Chain Management from Prairie View A&M University. Eriyaana’s work is fueled by her dedication to creating meaningful impact, driving success, and inspiring others across the financial services landscape. ? What impact are you most proud of? I am most proud of the Wealth Career Symposium for students at the 2024 V.I.S.I.O.N. Conference! Reflecting on my own experience of not fully knowing the career paths available after college, it was incredibly rewarding to see students from diverse backgrounds gain insight into the vast opportunities within financial services and connect with industry professionals. Knowing I played a role in helping these students build a clearer, brighter future fills me with immense pride. ? What inspires you? I am most inspired by individuals who consistently find the positive in every situation. They are daily reminder that In a world that’s constantly evolving, it’s essential to maintain this perspective, as it helps us adapt and recognize the good that can emerge from any circumstance. This optimism fuels resilience and keeps us focused on growth, no matter the challenges we face. ? What is the best advice you've received? The best advice I’ve received is to never let fear hold you back from seizing an opportunity. Even when stepping forward feels intimidating, embracing each chance that comes your way can lead to growth and unexpected success. ? What advice do you have for rising finance/wealth professionals? My advice for rising finance professionals is to remain resilient, persistent, and adaptable as you refine your skills and grow in your career. Additionally, always remember to invest in others just as others have invested in you—mentorship and support are essential parts of professional success and help strengthen our industry for future generations. #AAAA #MeetTheTeam #BlackInFinance
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The ability to network is the genesis of cultivating relationships.
Expressing Gratitude to Jose Jacob Arce and the team at Deutsche Bank for inviting my team to the CUNY Career Center Staff Visit. Thank you, Jose Arce, Campus Engagement Lead for the CUNY Research Early Career Team at Deutsche Bank, for hosting the recent CUNY Career Center Staff Visit. It was an enlightening and enriching experience that gave me valuable insights into the Deutsche Bank world. The team did an outstanding job showcasing Deutsche Bank's values, history, partnerships, conferences, diversity, equity, and inclusion initiatives. The information shared during the visit was informative and inspiring, showcasing Deutsche Bank's commitment to fostering a culture of excellence and inclusivity. The state-of-the-art facility and the professional, nurturing environment I witnessed during the visit are what students need to be exposed to as they embark on their career journeys. The dedication of the staff to providing such an environment was evident, and it left a lasting impression on my team. We are sincerely grateful for the invitation to visit Deutsche Bank and for the warm hospitality extended to us. Your generosity in sharing your expertise and insights with our team is appreciated. We left with a renewed sense of the possibilities for our students. As we envision the future, I can't help but hope to see our Medgar Evers College, CUNY students walking into Deutsche Bank, ready to learn from your amazing staff. Your commitment to education and professional development is making a significant impact, and we are excited about the potential collaborations that may arise from our visit. Once again, thank you for the opportunity. We look forward to continued engagement and collaboration with Deutsche Bank. Medgar Evers College, CUNY Medgar Evers College Alumni NetworkDeutsche Bank Kudos to Annie Hopkins and the distinguished group of speakers for their valuable contributions.
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Brooklyn Public Library?celebrated the culmination of the first year of its LevelUP program,?designed to help Black women build wealth and advance professionally in career fields where they have typically had low representation. The first-year graduates who, after taking?50 hours of classes, are already participating in new jobs and opportunities, including one?graduate who will be?attending?Yale University, according to a press release. Black women continue to be disadvantaged in terms of wealth, earnings, and opportunity. Nationwide, a median Black household owns nearly 90% less wealth than the median white household and the gap is slightly larger for single Black women relative to single white men.?In Brooklyn,?more than 50% of the population live in low-to-moderate income households, over 50% are female?and nearly 30% are African American or Black, according to the press release. Read more: https://lnkd.in/e77sHps4
Brooklyn Public Library Celebrates First Cohort of LevelUP Graduates
bkreader.com
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It's time for change, there is no lack of Black talent, we need the opportunities. Black Talent & Leadership in STEM is an opportunity for you and your organisation to #bethechange.
???Watch Lord Simon Woolley (Principle, Homerton College), Yemi Jackson MBA, ACMA (Engage Transform), Jesi Akinsuyi (Homerton College), Alistair Antoine (Cisco), Mandy Amoasi (nee Pianim), CIPD (PwC UK) explain why?Black Talent and Leadership in STEM?exists and the gap in skills, learning, support and guidance for Black talent. ? Our mission is to empower Black talent to forge and succeed in STEM careers, by creating a?community of tech companies and partners committed to providing equity of opportunity for underserved Black communities. ? Together we can build empowered Black leaders in STEM and a culture of innovation, productivity, and growth within organisations. ? ? Join us! If you’re an organisation interested in becoming part of this mission, get in touch via?[email protected] or the website: https://lnkd.in/euiub_gy. ? #BlackTalentSTEM #STEM #DEI #Inclusion #Tech ? Cambridge Wireless Ltd The 10,000 Interns Foundation, Homerton College #Changemakers, Synergy Organisational Solutions, Dr Soraya Jones, Abhi Naha, Olu Orugboh
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Our new report shows the degree awarding gap between White graduates and ethnic minority graduates has narrowed by 8%, yet challenges persist with a 12% gap for Black students. Read the executive summary of our report for all the key stats: https://t.co/TEkKu0JP3Q #RPSIandD
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Finance & Actuarial Science Student @DePauw University | AD Fellow Candidate '24- 25 | Management Fellow | Gamma Iota Sigma | Black Sisters in STEM
2 周Excited!