I am currently a 1st year analyst looking to lateral to a different role in S&T and was wondering if there are any diversity recruitment opportunities/programs for people already in the industry.
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Based on the WSO Dataset, diversity recruiting programs at investment banks and other financial institutions are primarily designed to introduce underrepresented groups to the industry, often targeting students at the undergraduate level. These programs, such as JP Morgan's Launching Leaders and Goldman Sachs' Insights Day, are typically aimed at early identification and recruitment of diverse talent for internship opportunities, which can potentially lead to full-time roles.
For someone already working in the industry as a 1st-year analyst looking to lateral to a different role in Sales & Trading (S&T), the landscape for diversity recruitment might look a bit different. While the majority of formal diversity programs are geared towards students, there are still avenues you can explore:
Networking and Mentorship Programs: Look for internal networking or mentorship programs within your current firm or targeted firms that focus on diversity and inclusion. These can provide valuable connections and potentially open up lateral move opportunities.
Professional Organizations: Join professional organizations focused on diversity within finance, such as the National Association of Black Accountants (NABA), National Association of Hispanic Accountants (ALPFA), or Out in Finance. These organizations often host events, provide job boards, and offer networking opportunities that could lead to lateral move opportunities.
Alumni Networks: Utilize your alma mater's alumni network to connect with alumni working in S&T. Alumni often have a vested interest in helping fellow graduates and can provide insights or even referrals for open positions.
LinkedIn and Other Social Platforms: Leverage LinkedIn to connect with diversity and inclusion officers at your target firms. Express your interest in lateral opportunities within S&T and inquire about any programs or openings that might align with your background and experience.
Direct Applications: While applying directly to open positions might seem straightforward, tailoring your application to highlight your commitment to diversity and inclusion can set you apart. Include any relevant experience or initiatives you've been a part of that demonstrate your dedication to fostering a diverse and inclusive workplace.
Remember, while formal diversity recruiting programs might be more prevalent at the entry-level, the principles of networking, mentorship, and professional development apply at all career stages. Keep an eye out for diversity-focused events and conferences in the finance sector, as these can also be excellent opportunities to network and learn about lateral move opportunities.
Sources: 43 Diversity Recruiting Programs at Investment Banks - The Most Exhaustive List, Is diversity recruiting fair?, 43 Diversity Recruiting Programs at Investment Banks - The Most Exhaustive List, Teller's Comprehensive Guide to Diversity Recruiting, https://www.wallstreetoasis.com/forum/real-estate/diversity-in-cre?customgpt=1
Bump
No because the point of diversity recruitment is to make breaking into the industry more equitable - not a free lunch throughout the entirety of your career
Only thing I’ve maybe seen is PE diversity consideration for IB analysts, but again the idea is that PE is the next level that’s harder to break in as a diverse candidate, hence the assistance. No one you work with on a daily basis cares if you’re a woman / urm enough to consider when lateraling
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