Jensen Partners surveyed 2,229 sales professionals at asset managers and found that most are white men.In the next 12 to 18 months, the tool should be able to predict money managers' retention rates for women and minorities.Salespeople for money managers often serve as the face of those firms, meeting current and prospective investor clients and serving as a point of contact for a company's investment offerings.
The firm analyzed data from 20 money managers who controlled a combined $8.39 trillion, using a proprietary technology tool aimed at improving the hiring and retention rate of women and minorities in the industry. Over the past two to three years, Jensen said, she has noticed a"preference to talk about diversity, and not end up hiring diverse candidates."
Only 15 of the women were South East Asian and 22 were South Asian, meaning each group represented less than 1% of all sales staff, while 24 women, or 1%, identified as Hispanic or Latinx. East Asian women made up just 135, or 6%, of all 2,229 distribution professionals analyzed across the 20 money managers.
That’s because these whites come from high end universities that cost a fortunes. A fortune that blacks don’t have.. Plus they get to free intern at these places in expensive cities. Also money blacks don’t have. So not the hiring managers. But lack of supply.
I identify as a celestial anomaly, and I've been pretty successful the past six months. What are my chances?
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