When It comes to the finance vertical, the industry has been predominantly formed of male figures. In 2017, the finance industry employee base was composed of 46% female employees but only 15% were in an executive position. In private equity, women comprise only 9 percent of senior executives and only 18 percent of total employees, according to a 2017 report by Preqin. At hedge funds and private debt firms, the numbers are similarly low — women hold just 11 percent of leadership roles – by Beyorch.
It is no secret about the stigmatism of the demographics that make up the financial sector workforce. In the past, there may not have been such a want for women to enter into an industry dominated by males. Some of this is due to the fact that women did not have the same interests and may not have wanted to try and fit into a “man’s world”. Is part of this due to exclusion? A survey conducted in 2018 by CNBC reported “Though some men do report observing bias, far fewer of them see it than women do. Women (9 percent) are about twice as likely as men (4 percent) to say that they see their company’s management withhold opportunity or promotion from women. Women (8 percent) are also about four times as likely as men (2 percent) to believe women are excluded from networking and social opportunities, such as after-work drinks or golf outings.”
In today’s world, women are taking that interest and looking for roles in previously seen gender-specific fields. Women are creating their own style in the workplace. There is an opportunity in every industry that lacks diversity.
With influence from power player women, these ladies are educating and setting a new goal of perseverance. From public speakers to the political fields, women have been leading by example paving the path to higher-paid positions. The finance industry is impacted by everything, and every day there is something new. This field can be a great fit for the deep-seated intellectual and those seeking an opportunity to learn.
Women-owned businesses have been on the rise, supporting new initiatives and creating a new business culture that works for them. Creating brands that all women care about and communicating these stories, it drives more women to follow in their footsteps. It takes a lot to change things and shape new ideas but in the end, it is worth it.
Creating new businesses, and shaping the culture of the workplace is just the beginning. Some of the best-known companies have great maternal benefits like Netflix who offers 52 weeks, Adobe, Etsy, and Spotify follows with 26 weeks. The fear of raising a family and holding an executive position is becoming less of a worry for women. There is much opportunity for women in finance, especially when we become unapologetic for fighting for equal opportunity.