2011 Articles

Grant Proposal: A Study of Cultural Capital and Investment Banking: How to Increase the Number of African-Americans in Investment Banking

Davis, Philicia

The aim of this study will be to—within the confines of one study—prove that there is a lack of
cultural capital in lower income students of African American descent that has led to a low
number of African-Americans in investment banking.
Although most of the past research in Cultural Capital has been on the racial disparities in
participation of the arts, the principal investigator (PI) will look to prove that the racial
disparities in the investment banking industry are due to a lack of cultural capital that is
necessary to succeed in the industry. Essentially, the principal investigator is interested in the
effects of cultural capital on African-American success rates and interest in investment banking.