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Message
re: Wells Fargo CEO ruffles feathers with comments about diverse talent
Posted on 9/22/20 at 9:35 pm to MontyFranklyn
Posted on 9/22/20 at 9:35 pm to MontyFranklyn
quote:
This is complete bullshite! As a black guy that holds a degree in Finance and Economics, Series 7 & 66, Life and Health insurance licenses, P&C insurance licenses, and a mortgage license, he is so full of crap. I have worked in finance in car various roles, mostly within in the banking system, and I have seen this lie they try and propagate. You mean to tell me that you can find a white person, with no education out of high school, get an entry-level job as a teller and move up to manager within three years, but can't find any black people to even bring in as a teller? Funny how this is always the case, especially in the south.
I could be wrong, but I got the sense he wasn't referencing plain ol' commercial banking stuff, and my impression has been that there are a lot of black people in commercial banking at all levels.
I think he's more referencing investment banking, and yes, the pool is pretty damn small there, and the competition is fierce as frick for that pool of people. Same in management consulting. Same for the white shoe law firms. Same for FAANG tech companies. So on and so on. You can't really just train any old Joe off the street for the rainmaker roles in those fields.
0
Posted on 9/22/20 at 9:36 pm to MontyFranklyn
quote:
Yeah, but I had the licenses as well as years of experience. Some white candidates were hired with no experience in the financial industry, and no licenses. See the difference?
It is called the real world and it isn't a race thing.
For example, ivy league grads love to only hire other ivy league grads and pass on better candidates. White people get screwed over all the time too just because they don't have the right connections.
It isn't about race. The difference is no white people are being offered jobs sight unseen just because the color of their skin.
Posted on 9/22/20 at 9:37 pm to MontyFranklyn
quote:
Being from Alabama, nope, because I know I won't get a fair shot otherwise. With all my credentials, experience, and education I still couldn't get an interview with any bank in Alabama. In more liberal areas like Atlanta, Tampa, Houston and Charlotte, I got job offers without a formal interview.
You couldn’t get an interview? How did you approach it, was it an online application or did you hand in your resume in person? I just find that incredibly hard to believe, especially with the certifications and qualifications you said you had.
Posted on 9/22/20 at 9:40 pm to DavidTheGnome
Not possible
Posted on 9/22/20 at 9:45 pm to DavidTheGnome
Online application and I loaded my resume along with linking my LinkedIn page
Posted on 9/22/20 at 9:50 pm to MontyFranklyn
Also passed the first part of the CFA exam
Posted on 9/22/20 at 10:27 pm to MontyFranklyn
quote:what about the second part
Also passed the first part of the CFA exam
?
Posted on 9/22/20 at 10:29 pm to Jcorye1
quote:
What the hell else is he supposed to do?
Hire unqualified talent for those positions.
Posted on 9/22/20 at 10:29 pm to GreatLakesTiger24
quote:
what about the second part
He's probably working his arse off, and plans on attending part two, when he finds time. No?
Posted on 9/22/20 at 10:38 pm to Dandy Lion
with the attitude he's shown in this thread... i'd be pretty surprised if he had the aptitude & determination to pass CFA level 2 and 3
Posted on 9/22/20 at 10:59 pm to GreatLakesTiger24
Realism isn't racism. I owned a small tech company, I always had a position open for a qualified MCIE person. The more qualified people I could find, the work I could take on.
I would interview people every week, advertised on well established pages as an EEOC employer, in 8 years I got one black tech, no women.
I would interview people every week, advertised on well established pages as an EEOC employer, in 8 years I got one black tech, no women.
Posted on 9/22/20 at 11:02 pm to GreatLakesTiger24
He's chippy, and rightfully so. I get your point, however.
Posted on 9/23/20 at 8:22 am to Dandy Lion
quote:is it though? he admitted to getting a job bc hes black
He's chippy, and rightfully so
Posted on 9/23/20 at 8:25 am to RLDSC FAN
Facts don't care about feelings in reality buttttttttt it is 2020 so he will be fired/canceled because he hurts someone's feelings.
Posted on 9/23/20 at 3:01 pm to RLDSC FAN
I'd be interested in seeing the numbers. Are there a limited number of black people in the finance and banking industry. Or is there just a limited number of black people who apply for the postings.
It's weird how people expect companies to hire whites/blacks 50/50. Yet black people don't make up even close to 50% of the country. Moreso, depending upon the industry and location. Black people are not going to make up 50% of the applicants for most posted positions.
It's weird how people expect companies to hire whites/blacks 50/50. Yet black people don't make up even close to 50% of the country. Moreso, depending upon the industry and location. Black people are not going to make up 50% of the applicants for most posted positions.
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