By increasing the number of women and minorities holding the two most junior job titles in Wall Street's hierarchy, Goldman is hoping to improve diversity across the firm over time.
Goldman Sachs expanded a year-old program to hire more workers from underrepresented groups, including goals for black and Latino hires for the first time.
div > div.group > p:first-child"> By increasing the ranks of women and minorities at entry-level positions — analysts and associates are the two most junior job titles in Wall Street's hierarchy — Goldman is hoping to improve diversity across the firm over time. More than 70 percent of new hires are at the analyst and associate level, the bank said.
While the targets"are aspirational, we have access to an incredible talent pool and believe they can be achieved," CEO David Solomon and two of his deputies said in the memo."We are also exploring new ways to increase representation of the LGBT, disabled and veterans communities." When it comes to more experienced hires, the bank said it would require managers to interview at least two qualified"diverse" candidates for each open position.
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