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Many faculty search committees believe that the gender and racial demography of their disciplines afford highly qualified, historically marginalized candidates more power in the academic job market. As such, these candidates are often passed over for fear of being a “risky hire,” implying that they will be more difficult to attract and retain. To date, few studies have tested this pervasive assumption, especially in STEM disciplines where pipeline concerns run rampant. Using publicly available data and multi-level modeling, we test this narrative within a diverse, multi-year cohort of highly qualified candidates across three STEM disciplines.