The Manchester City star believes that more opportunities should be given to former BAME players.
Sterling compared the managerial careers of former England internationals Frank Lampard and Steven Gerrard, both of whom are white, to that of black legends Sol Campbell and Ashley Cole.
Campbell has only managed lower league Macclesfield Town and Southend United so far and Cole is yet to begin his managerial career, whereas Gerrard and Lampard are managing Rangers and Chelsea respectively.
Speaking to 'Newsnight', he said: "The coaching staff that you see around football clubs: there's Steven Gerrard, your Frank Lampards, your Sol Campbells and your Ashley Coles. All had great careers, all played for England.
"At the same time, they've all respectfully done their coaching badges to coach at the highest level and the two that haven't been given the right opportunities are the two black former players.
"Give black coaches, not just coaches but people in their respective fields, the right opportunity. I feel like that's what's lacking here, it's not just taking the knee, it is about giving people the chance they deserve."
The 25-year-old England winger described protests in the UK after the death of George Floyd in the US as a "great starting point" but wanted that more needs to be done.
Raheem said: "The protest is a great starting point, to make your voice be heard.
"But just protesting alone is not going to make a change in this country.
"It's how we move on from here. It's about highlighting things, the society that needs changing, and then acting upon it. We've done a lot of talking, and it's time now to act."