General

Commentary: The gender inclusion equation — fostering longevity for women's careers in finance – Pensions & Investments

As two women CEOs in the world of investment management, we’ve personally experienced the challenges of working in male-dominated spaces, but we have also seen the progress made across the institutional industry to recognize women’s incredible potential and forge paths forward.

We know the financial industry has work to do, including a collective responsibility to ensure that individuals who have chosen this career path — those within leadership, managers, employees — have the training and knowledge to attract and retain women.

Recent data from McKinsey & Co. reports a stark reality. While we are seeing more women interested in a career in finance and pursuing it at the entry level, there is much lower representation at more senior levels. This trend is more pronounced when we look at asset management. As noted in Ellen Carr and Katrina Dudley’s recent book, “Undiversified: The Big Gender Short in Investment Management”, Bella Research Group and the John S. and James L. Knight Foundation have found that 0.9% of U.S. investible assets are being managed by firms that are majority-owned by women or minorities. Hard to believe, isn’t it?

Every day, and especially during Women’s History Month in March, it’s critical that we not only highlight those women that have broken the “glass ceiling,” but also champion women who face unique challenges at each stage of their career journey.

What can we do to identify and recognize these individuals and help support young women to reach their full potential?

Next Post