Study finds most Wall Street new hires are white males

Wall Street

Perhaps it's no surprise, but first-year bankers at Wall Street's biggest firms are a very white and male bunch.

CNN reports that an analysis by the data-driven recruiting firm Vettery found that nearly two thirds of entry-level bankers hired this year are white.

Over three quarters - 78% - are male.

CNNMoney reached out to each of the big banks specifically mentioned in the report. Most did not comment, and none would provide their own diversity data.

The banks that did talk about the report disputed its accuracy and noted that the recruiting firm did not consult them or use their internal data.

Among the most recognizable firms, Deutsche Bank's class was rated the most white - 70% - and least Hispanic and black - 4%. A spokeswoman responded that the bank 'is committed to recruiting diverse talent' and that the figures 'are inaccurate and do not reflect the true diversity of our 2014 analyst class.'

The industry's overall numbers are largely unchanged from recent years, said Alex Orn, Vettery's chief financial officer and lead author of the report.

Hit the link below to access the complete CNN article:

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