In private equity, only 10% occupy senior roles. Inequality in numbersĪlthough female hires are improving across industries as diversity has increasingly become a priority in hiring processes, only 4.9% of partners currently occupying senior roles in venture capital firms are women. Why does this happen? There is no simple answer, but let’s delve in to this multifaceted issue and explore what it means for women getting started in their finance careers today. These statistics show that, although it’s possible for women to get a foot in the door, making their way up to leadership levels remains a challenge. In 2019, the Deloitte Center for Financial Services reported that only six out of 107 financial institutions in the United States had female CEOs. About 46% of employees in the finance sector are women however, only 15% occupy executive roles. This underrepresentation is clear in the world of finance. We need to have role models for ourselves but we also need to have role models for our children.It is no news that women, time and time again, get the short end of the stick when it comes to economic opportunities, and that breaking into largely male-dominated fields is no easy task. We're all used to having secretaries that are women. "We're all used to having bosses that are men, pilots that are men, train drivers that are men. "New Financial's sample of 200 firms active in UK Financial Services showed an average of 23% female representation on Boards, but only 14% on Executive Committees." Broadminded Roundtable "Only 50% of women, compared to 70% of men believe they have an equal opportunity to advance regardless of their personal characteristics or circumstances." Broadminded Roundtable
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