Why is London City finance mostly white while Wall Street is so diverse?

[Jason Voorhees]

I was reading some shit about investment banking and noticed that in London (City of London finance scene), it's like 90% white Brits, some Euros, maybe a few posh Indians here and there from elite schools but mostly just pale af Anglos and such.

But flip in Wall Street NYC banking, hedge funds, whatever it's packed with Jewish people like every big name firm has them at the top Asians. Chinese, Koreans going hard on quant shit and Indians are prominent in Fintech and tech-finance scene. Why the fuck is that? Is it cuz America is all about muh meritocracy meme but really nepotism for certain groups? Or UK has some old boys club that's still gatekept for anglos?

 

[Jason Voorhees]

@imontheloose @Magnus Ironblood @Chadeep @SecularIslamist

 

[Jason Voorhees]

@Saint Casanova @Debetro @ascension

 

[Jason Voorhees]

@kurd @User28823

 

[SplashJuice]

The pipelines to get into London finance is more nepotistic

 

[Jason Voorhees]

The pipelines to get into London finance is more nepotistic

I asked the same question on reddit and this is what I got

 

[aladdinmaxxer]

I was reading some shit about investment banking and noticed that in London (City of London finance scene), it's like 90% white Brits, some Euros, maybe a few posh Indians here and there from elite schools but mostly just pale af Anglos and such.

But flip in Wall Street NYC banking, hedge funds, whatever it's packed with Jewish people like every big name firm has them at the top Asians. Chinese, Koreans going hard on quant shit and Indians are prominent in Fintech and tech-finance scene. Why the fuck is that? Is it cuz America is all about muh meritocracy meme but really nepotism for certain groups? Or UK has some old boys club that's still gatekept for anglos?

seems like indians gotta conquer the finance sectors of london too with our BIC

 

[Jason Voorhees]

@Corleone @benchmaxxer

 

[SplashJuice]

I asked the same question on reddit and this is what I got

View attachment 4120557

Yeah, it's like Oxbridge + a few private school exclusive party with a few outsiders sprinkled in whereas for the US anyone from across the country has a chance provided their track record is good and they're competent

 

[Jason Voorhees]

Yeah, it's like Oxbridge + a few private school exclusive party with a few outsiders sprinkled in whereas for the US anyone from across the country has a chance provided their track record is good and they're competent

Seems like that strategy is working since wall street firms far out performed European firms in both Q1 and Q2

 

[Jason Voorhees]

@Foreverbrad

 

[Jason Voorhees]

@optimisticzoomer

 

[Debetro]

@optimisticzoomer

You think this bum knows?

 

[lastredeemer]

I was reading some shit about investment banking and noticed that in London (City of London finance scene), it's like 90% white Brits, some Euros, maybe a few posh Indians here and there from elite schools but mostly just pale af Anglos and such.

But flip in Wall Street NYC banking, hedge funds, whatever it's packed with Jewish people like every big name firm has them at the top Asians. Chinese, Koreans going hard on quant shit and Indians are prominent in Fintech and tech-finance scene. Why the fuck is that? Is it cuz America is all about muh meritocracy meme but really nepotism for certain groups? Or UK has some old boys club that's still gatekept for anglos?

Diversity, equity and inclusion

 

[ascension]

You think this bum knows?

Just ask a jobless ex-security guard about Investment Banking theory

 

[ascension]

@Jason Voorhees as the replies above said, the white elites here have a strong grasp on the banking sector

I know bums with history degrees become managers in the big 4, just because they were rich and white and had connections.

 

[Jason Voorhees]

Just ask a jobless ex-security guard about Investment Banking theory

You think this bum knows?

@optimisticzoomer is very high IQ haircel

 

[Jason Voorhees]

@Jason Voorhees as the replies above said, the white elites here have a strong grasp on the banking sector

I know bums with history degrees become managers in the big 4, just because they were rich and white and had connections.

This is my wall street finance firms are mogging so hard.

 

[Brus Wane]

 

[ascension]

This is my wall street finance firms are mogging so hard.

Tbh all the toughest, highest skilled banking jobs are in the US. All the quant jobs are in wall street, which is why you've got Asians/Indians there. Its one of those jobs where the big shots cant hire their sons and nephews out of nepotism. That's another reason

 

[Magnus Ironblood]

Already been answered - but to work in finance in the Square Mile you have to BE finance. Right university. Private school. Properly dressed etc ethnics still make alot of mistakes like wearing brogues with suits.

 

[Debetro]

Just ask a jobless ex-security guard about Investment Banking theory

I asked the same question on reddit and this is what I got

View attachment 4120557

Is this guy a retard
US is meritocratic my ass
Jews only hire their own kind and S / A tier goyims (indians and asians)

 

[Saint Casanova]

It doesn’t seem to be the case anymore. There’s a lot of DEI now in the city. It’s still mainly white concentrated, but if you’re a DEI with a decent education, the road is actually easier.

Only some boutiques, wealth management firms ect have that WASP nepotism still. Big firms are still pushing DEI.

 

[Saint Casanova]

@Jason Voorhees as the replies above said, the white elites here have a strong grasp on the banking sector

I know bums with history degrees become managers in the big 4, just because they were rich and white and had connections.

It’s not that hard to break into the big 4 in the UK. Anyone with a decent uni grade can realistically break in. They do the hours and eventually become a manager.

In the UK, you don’t even need to go to uni to join the big 4. You can do a school leavers programme after A-levels (18) and they’ll train you to get the ACA

 

[Jason Voorhees]

It’s not that hard to break into the big 4 in the UK. Anyone with a decent uni grade can realistically break in. They do the hours and eventually become a manager.

In the UK, you don’t even need to go to uni to join the big 4. You can do a school leavers programme after A-levels (18) and they’ll train you to get the ACA

I thought they are LBS or LSE only

 

[Saint Casanova]

I thought they are LBS or LSE only

By big 4 you mean the main 4 professional services firms ( KPMG, Deloitte, PWC, EY) or the 4 biggest investment banks ( J.P Morgan, Morgan Stanley, Goldman Sachs, BOA ?)

 

[Jason Voorhees]

By big 4 you mean the main 4 professional services firms ( KPMG, Deloitte, PWC, EY) or the 4 biggest investment banks ( J.P Morgan, Morgan Stanley, Goldman Sachs, BOA ?)

Investment banks.

 

[Jason Voorhees]

Already been answered - but to work in finance in the Square Mile you have to BE finance. Right university. Private school. Properly dressed etc ethnics still make alot of mistakes like wearing brogues with suits.

Ethnic not wearing brouges isnt . important. Bring him and make him do work like the Americans.

 

[Saint Casanova]

Investment banks.

Yeah then it’s harder but there’s still lots of DEI here for the big firms. Look at the new graduate intake and you’ll see it’s very diverse.


As you climb the ladder it gets less and less diverse though.

 

[Jason Voorhees]

@SamuraiCope

 

[Magnus Ironblood]

Ethnic not wearing brouges isnt . important. Bring him and make him do work like the Americans.

Yeah true, but that's the thing they're hyper conservative and pick up on little details. It seems Wall Street is far more meritocratic in comparison where the City of London remained homogeneous.

 

[browncurrycel]

I was reading some shit about investment banking and noticed that in London (City of London finance scene), it's like 90% white Brits, some Euros, maybe a few posh Indians here and there from elite schools but mostly just pale af Anglos and such.

But flip in Wall Street NYC banking, hedge funds, whatever it's packed with Jewish people like every big name firm has them at the top Asians. Chinese, Koreans going hard on quant shit and Indians are prominent in Fintech and tech-finance scene. Why the fuck is that? Is it cuz America is all about muh meritocracy meme but really nepotism for certain groups? Or UK has some old boys club that's still gatekept for anglos?

ethnics are very busy stealing wallets in the streets of london

 

[Jason Voorhees]

Yeah true, but that's the thing they're hyper conservative and pick up on little details. It seems Wall Street is far more meritocratic in comparison where the City of London remained homogeneous.

They clearly need to do something different because wall street is mogging them to the moon every where. London main appeal is Lower capital gains and lower regulations but the prime minister starmer doesn't like it @Saint Casanova

 

[optimisticzoomer]

You think this bum knows?

I know everything

 

[Debetro]

I know everything

 

[Saint Casanova]

They clearly need to do something different because wall street is mogging them to the moon every where. London main appeal is Lower capital gains and lower regulations but the prime minister starmer doesn't like it @Saint Casanova

There’s still too much red tape in this country and will get worse under this government. Most UK sectors have stagnated as well impacting markets.

 

[Jason Voorhees]

View attachment 4120871

Finance would be great fit for you ironically. Since you hate ethnics and only want to work with whites. This is your golden ticket

 

[Debetro]

Finance would be great fit for you ironically. Since you hate ethnics and only want to work with whites. This is your golden ticket

Yeah. But there's one missing piece of the puzzle.

Spoiler

im ethnic

 

[Jason Voorhees]

Yeah. But there's one missing piece of the puzzle.

Spoiler

im ethnic

I forgot polish are ethnic. You are right. You should do construction

 

[Debetro]

I forgot polish are ethnic. You are right. You should do construction

 

[Jason Voorhees]

View attachment 4120918

 

[Debetro]

View attachment 4120922

This is the country you are going to

 

[Chadeep]

London Finance is managing money for rich guys. People trust white men more

 

[buddhistking]

I have worked in London finance and there were many Asians and Indians there although it was mostly white (it was around 2000 ppl) and I was like one of 3-4 black ppl

all races are represented amongst the elites in the west except blacks, I'm not blaming racism, I'm just pointing out facts

 

[LTNUser]

This is the country you are going to

View attachment 4120954 View attachment 4120955

You forgot to include this
This is what people wear there