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I wouldn’t assume racial bias. On Wall Street, diverse background is actually a huge advantage in the application process since firms report on DEI metrics. Most analyst programs therefore are much more diverse than the finance industry in general. The problem is that it is really competitive, so as EY said above, you need to network. Reach out to folks on LinkedIn and ask for an informational interview where you ask them questions about finance. I just had an entry level grad approach me at a coffee shop at the Starbucks in midtown after hearing me and a client talk about finance. He asked to chat sometime and I appreciate the initiative and have been in contact, introducing him to other colleagues.
I’m an Asian immigrant, could be completely wrong about him though
The job market itself is extremely tough - a lot of people are unable to find jobs, regardless of experience. While financial firms do have DEI, some just use it to fill a quota and don't hire beyond that.
Networking helps, and if you're an immigrant, look for people from the same country, who are already established in the field, to help (I say this after hearing about experiences from my family members). Again, as other comments have already said, networking really helps. Attending different job fairs and such can help. If you're still in school, see what programs your university has to offer.
Network while submitting applications.
Join local professional organizations to get more face time with like-minded professionals.
It's tough, but keep pushing all it takes is one, yes.
Do you live in Ohio? Because NYC is full of migrants. All kind of backgrounds. If you are a prepared, educated person, I don’t see why companies could give an opportunity.
“CFA Level 1 holder” carefulllllll, maybe review Ethics again for L2. “Passed Level 1” or “Level 2 Candidate”
That’s my thought when I saw the CFA LV1 holder lol And many level 3 candidates didn’t get a single job interview nowadays.
Job markets just tough right now
Is your degree from a top 30 school? Do you have work experience?
Don’t be discouraged, good gpa is all you need
Not sure your concerns are warranted as almost every significant institution in finance (and many of their smaller competitors) has a diversity hiring program. It’s just really competitive and sometimes people miss out on networking, have a poor CV (or cover letter if required), GPA might not be competitive, too many apps to the same institutions, not taking advantage of diversity hiring programs (if eligible). I’m not saying there’s no bias in the industry at all, but not even getting a first round interview doesn’t make me think that’s the problem.
Lol... you should get rid of this mindset and work on bettering yourself or your approach instead of being a victim.
Did you network with people or just blanket online apps? If it's the latter, consider changing your approach. Cold email people for jobs on teams that you're interested in and then schedule a coffee chat to learn about their experience, their role, etc. If you haven't done this, I highly doubt you can really say with ANY conviction that it has anything to do with your ethnicity / racial background
Yeah no
There is racial bias occasionally but I don’t think that’s the case, when it comes to job applications. Job hunt is very difficult especially for people on Visa. I feel like they have configured their system to send automatic rejection emails for everyone that opt to, Yes to sponsorship question. Hang in there, things will change.
I’m really curious as to what has led you to suspect discrimination.
Do you require sponsorship? The cost for that alone has pushed candidates out of budget for certain roles/ranges.
Hey, fellow CFA candidate here. Sitting for the level 3 exam in August. Just a heads up, be careful how you refer to the CFA charter when indicating that you passed level 1. There are no partial charters, and according to the code and standards, you cannot be a Level 1 holder, as you do not hold any charter or certification from the CFA institute until you pass level 3. Saying that you are a level 2 candidate is enough.
Where did you graduate from? Ivy League? What’s your work experience? How does your network look like? Job market isn’t that great out there, so if your answers to those questions aren’t strong, realistically there’s plenty of great students taking the CFA with little to no work experience. It’s not your ethnicity, competition is fierce and academics isn’t all that is looked at. Network network network and keep applying.
I’m an immigrant too, with 10YOE and currently looking around as well. I’ve only had a few interviews for what resulted to be “meh” roles. It’ll take time but I wouldn’t put it on ethnicity being the cause of the delay.
It’s understandable that you might think that but maybe you have to rethink your job search approach. Think of revamping your resume and touching on how to make it more recognizable by the ATS software using specific words to describe your skills and experience. I had the same issue last year and was able to land more interviews and job offers after I started changing my resume. Best of luck!
Message me on LinkedIn. I can't make you any promises, but I can get you through the door
https://www.linkedin.com/in/jameebateau
It’s been a year and a half of job searching for me after being laid off early October 2022. Job market is very tough right now. As a matter of fact, I’ve never experienced this type of market before. I really hope something opens up for you soon.
Hi! A fellow immigrant here! Message me on LinkedIn - I will see if I can help you out with a referral.
Hello Student,
I'm assuming you are eligible to work in the US?
If yes, and without knowing anything about you, I'm curious to know where you live. You may need to move to a city with a higher percentage of international workers. Washington DC for example has good number of immigrant workers working for a number of different companies.
Do you have a green card? Most US companies don't want to support Visa now. I know people with far less experience get better jobs because he get a green card.