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"My ethnicity means I can't get senior banking jobs"

I am an Indian national living in the UK. I have considerable experience in the finance sector, and many recruiters and HR managers have informed me that my CV is very strong. However, hiring managers reject me again and again and again.

I believe this is because of my ethnicity. When you are Black, Asian and minority ethnic (BAME) you have to try ten times harder to get a new role in finance. In my experience this is particularly the case at European banks. American banks often appear to be more open-minded, but European banks seem to prefer to recruit people with less experience and education than me, as long as they are Caucasian. 

I know that people will disagree with this. There is a lot of noise about banks hiring more BAME candidates, but noise is all it is. I have many talented and experienced BAME friends who are unable to find jobs like me and who are suppressed by ethnic British hiring managers in London. Most of them are unwilling to say anything about it. 

The discrimination against people of my ethnicity worsens as you climb the ladder. People in banking have a huge superiority complex; they don't like to be managed or trained by someone of a different ethnicity. When I became a senior manager at a former employer, members of the team started moving on because they didn't want to take orders from a BAME manager. 

There is therefore a glass ceiling. BAME people are ok in junior and mid-level roles in the middle and back office of banks in London, but it's very difficult to progress beyond that. As a result, a lot of BAME people end up shut out of the market and desperately seeking work in other sectors instead. This needs to change.

Kamala Saraf is a pseudonym 

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Photo by Outcast India on Unsplash

 

 

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AUTHORKamala Saraf Insider Comment
  • Br
    British_Monarch
    28 May 2021

    British Monarch is the head of Commonwealth. British Senior and Top Bankers are not behaving rationally. They must give chance to BAME candidates from commonwealth countries in banking senior management and top management roles.

  • Ap
    Apache
    28 May 2021

    I Identify as an Attack Helicopter. Ever since I was a boy I dreamed of soaring over the oilfields dropping hot sticky loads on disgusting foreigners. People say to me that a person being a helicopter is Impossible but I don't care, I'm beautiful. I'm having a plastic surgeon install rotary blades, 30 mm cannons and AMG-114 Hellfire missiles on my body. From now on I want you guys to call me "Apache" and respect my right to kill from above and kill needlessly. If you can't accept me you're a heliphobe and need to check your vehicle privilege. Thank you for being so understanding.

  • Mr
    Mr.Annan
    28 May 2021

    We need to keep hope alive and strive to do better...

  • Su
    SupportBAME
    27 May 2021

    BAME must target Senior Management and Corporate Board. All banks and financial institutions must have 15-20% BAME representation. Banks must recruit only BAME in any senior vacant position to close the huge gap.

  • Br
    BritishRaj
    27 May 2021

    This is going on over 100 years. Senior British Bankers will never change. Most Senior British Bankers have dirty colonial mindset. They think that they are still ruler of the world even after 75 years.

    Colonial racism is very much present in UK financial sector and senior civil services.

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