Asian Americans in finance say racism leads to 'bamboo ceiling' in career

Asian Americans and Pacific Islanders in finance face structural racism that stymies career advancement, a recent survey found.

Nine out of 10 respondents said prejudice excludes them from consideration for senior or executive-level positions -- a challenge some call hitting the “bamboo ceiling,” according to a report by the Association of Asian American Investment Managers. 

Asians often fall victim to the “model minority myth,” the view that they are diligent workers who have overcome discrimination to gain a solid foothold in the workplace, according to the AAAIM. As a result, Asians are often excluded from leadership roles, the group said, adding