For Black professionals who get job offers on Wall Street, there’s pay and benefits to consider. But also isolation, bias and racism.
As big U.S. banks and asset managers vow at long last to address the industry’s dearth of Black executives, those who have been around a while warn progress will require more than the usual hiring spree. Offices remain alienating and even inhospitable. Most organizations lack mentors who can help guide the way up the org chart.
Recruiters say top Black candidates have learned to be skeptical.
“Folks are looking for welcome signs,” said