top of page
Search

Bloomberg: Wall Street Claims Success on Diversity—At Least With Interns

Wall Street is looking a lot more diverse -- at least for the summer. This year’s crop of interns is Bank of America Corp.’s most diverse group ever. Women comprise 45 percent of the current class -- up from 42 percent in 2017 -- while non-white interns make up 55 percent. Goldman Sachs Group Inc. and Wells Fargo & Co. report similar numbers. Big banks are relying less on the “friends and family and VIP network" to find interns, and have also moved to the model where most full-time hires come from the summer programs. Bank of America, for example, hired more than 70 percent of its 2017 intern class as full-time employees. Inclusive Viewpoint: Many companies have found success in recruiting diverse internship and co-op classes of students. Companies that are committed to workforce diversity must ensure that all or most of their new hire entry-level employees come from diverse and talented pools of interns – this is what a diverse workforce pipeline looks like.


10 views0 comments

Recent Posts

See All

Fortune.com - 12/7/21 - https://fortune.com/2021/12/07/metrics-diversity-inclusion-workplace-careers-joan-williams/ CEOs are frustrated, and CFOs even more so. Companies have been spending some $8 bil

MSNBC.com - 3/17/22 - https://www.msnbc.com/know-your-value/business-culture/women-color-workplace-when-inclusion-matters-more-pay-n1292073 Women of color face a particularly acute conundrum in many c

bottom of page