No, I'm saying investors should be concerned that they are preferring prestige rather than hiring the best candidates regardless of school background, and that given how unrepresentative the schools they hire from are, this is contributing to keeping diversity down and makes a mockery of their own stated commitments.
The internal data that the group that is tasked with improving diversity (and that is largely being ignored) at this particular bank shows that being equally strict about results but considering a wider range of schools would increase diversity and would allow them to actualy do so while making their hiring cirteria stricter. This gets brushed aside, and then the bank keeps complaining about how hard it is to be more diverse afterwards.
In other worse: They are hiring less qualified candidates and use the prestige of the schools as an excuse for avoiding hiring more qualified candidates that would also bring more diversity.
The internal data that the group that is tasked with improving diversity (and that is largely being ignored) at this particular bank shows that being equally strict about results but considering a wider range of schools would increase diversity and would allow them to actualy do so while making their hiring cirteria stricter. This gets brushed aside, and then the bank keeps complaining about how hard it is to be more diverse afterwards.
In other worse: They are hiring less qualified candidates and use the prestige of the schools as an excuse for avoiding hiring more qualified candidates that would also bring more diversity.