Wall Street - it can pay to be gay

Nick Maddock used to assume that being gay could only limit him on Wall Street. Instead, it opened a door.

'I want to break that mold, the stereotype of what gay people want to be', said Maddock, 22, a senior at Southeast Missouri State University in Cape Girardeau, during a reception at the Out for Undergraduate Business Conference at JPMorgan Chase headquarters in New York.

Bloomberg reports that the OUBC organization covered Maddock’s travel and lodging expenses, putting him in contact with recruiters in the industries where he’s aiming for a job.

Wall Street is paying special attention to young lesbian, gay, bisexual, and transgender (LGBT) applicants during the hiring process for college seniors. Beyond embracing gay rights, the country’s largest banks, brokerages and consulting firms are vying to retire their conservative image and try to improve profits along with diversity.

'The perception of Wall Street, historically, was that it’s very macho and doesn’t necessarily have space for difference', said Todd Sears, 37, a former investment and private banker who now consults on LGBT business opportunities. 'Companies are realizing that diversity is a smart business choice'.

To access the complete Bloomberg article hit the link below

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