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Could it be construed as inappropriate and unhelpful to target black students for back office roles?

Last time we published something questioning why there seem to be so many ethnic minorities working in non-front office jobs in investment banks, we were met with a deluge of comments, including some saying that racism is "institutionalized" in investment banks and that racial stereotyping is more profound in the UK than elsewhere.

In this context, could it be seen as inappropriate to target black student societies for back office roles?

Earlier this month, the African Caribbean Society at Manchester University announced to its members that Goldman Sachs would be hosting a recruitment event targeting targeting black students in their 1st or penultimate year (Masters level included) who are interested in a career in Operations at the firm.

Contentious?

Maybe not. Goldman Sachs declined to comment, but the firm is understood to target black students for all roles, not just in the back office.

Even while hiring across banks falls, the battle for diversity candidates seems to be heating up. JPMorgan ran a special event for Afro Caribbean students last week. Non-banks are competing for the same pool of talent: Google has also been running black talent recruitment events.

One former Goldman recruiter says that, if anything, the firm is ahead of the curve when it comes to recruiting African candidates in the UK and has been visiting universities in countries like Nigeria for some time. Nevertheless, if the stream of invective that accompanied our previous article on alleged racial profiling by business area is an indicator of candidates' feelings, it would help if banks worked harder to bring diversity to the front office - in operations and the middle office it's seen as far less of an imperative.

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AUTHORSarah Butcher Global Editor
  • GH
    GH
    30 November 2011

    Dont worry John, its quite obvious most of the people that comment on this site have absolutely nothing positive going on in their lives except for the perceived status of their job.

    And to be on this site in the first place they cant be that happy with that either...or even worse, have been binned from it!! Haha

  • Jo
    John
    29 November 2011

    "John aside, you're all losers."

    Very kind.

    The impression I'm getting is 'status obsession'! Those office workers in 'Front Office' guarded those two words in the same way some would express pride in shopping regularly at Harrods.

    Status-obsessed office workers. Brings back memories.

  • Jo
    John
    29 November 2011

    John: "Front office *support*"

    If the implication is that the word 'support' should be in lower case, then as it's a title, it must be capitalised.

    (Sigh....)

  • IT
    IT Support
    29 November 2011

    Alarm clock. What would you call a IT Support bod, say at VP level earing Circa 100k Basic?

    If this is not high profile to you then alarm bells are ringing

  • jd
    jd
    29 November 2011

    I find the attacks here on John incredibly mean and depressing.

    Not everyone is a trader, sure, that is understood.

    Personally, I'd rather see the positive light of my job that simply comparing it with that of a bond trader. If John is happy that his role is high profile, good luck to him, it just shows to me that he'll be the type of guy that is professional and proactive, rather than most people who (seeing their jobs as unexiting and low profile) can't be bothered and do a crap job.

    John aside, you're all losers.

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