Bloomberg Markets
Wall Street's Top Ranks Look Nothing Like the Nation They Serve
From MBA programs to the executive levels of fund managers and banks, data show Black men and women are underrepresented.
Wall Street has been criticized for being an old boys’ club. But a look inside the U.S. finance industry and the offices of fund managers across the country shows it’s even more exclusive than that. Black men and women, who make up more than one-seventh of the U.S. population, are badly underrepresented in Wall Street’s corner offices and across the top levels of investment companies. In the following pages, we shine a light on some of the areas where inequality endures, including executive suites and business schools. What we find is a system in need of greater diversity.
A Broken Corporate Ladder