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LADDERS for Asians attempting to excel in American spaces
from February Issue 2023
Asians in American school systems, white men and women are still 154% more like ly than Asians to hold executive roles.
According to Kim, her friend from college lived this statistic. After gradu ating from Harvard with his undergrad, medical degree and MBA, Kim’s friend was hired at Goldman Sachs, an invest ment banking company. But, after work ing there for years and being glossed over for numerous promotions and executive roles, he eventually left Goldman Sachs out of the realization that he would never be able to climb the corporate ladder as long as the institution continued to up
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Kim’s friend eventually found success in the industry after leaving to create his own startup, which later became a top private equity firm valued at $800 million.
In companies, like Goldman-Sachs, where you have to know the right peo ple, have the right connections, and come from a certain background, it can be chal lenging for minorities to get their foot in
The consequences of the model minori ty myth go beyond just Asian Americans. By describing one minority as the ‘model’ the term implies that certain minorities are better than others. And, white su premacists have used this idea to shift the
“Many white people have used Asian-Americans and their per ceived collective success as a racial wedge. The effect? Minimiz ing the role racism plays