Three Common Challenges Women Face in the Finance Industry

While the financial industry has made some gains in gender equity and continues to work toward gender and gender-identity parity, there’s unquestionably still a long way to go. (Image via Startup Savant)

A Lack of Representation

Let’s start with a few stats: The number of men and women who enter the financial space is generally equal, according to a recent study by McKinsey. But beyond entry level, the stats begin to worsen. When it comes to promotions, c-suite positions, and even long-term industry participation, women are underrepresented.

Sexism Still Exists in Finance.

As employees return to the office, so too does the inherent sexism that comes with being at the office. When we think of the traditional financial space, we often think of golf outings, late nights of drinking, and exchanging texts or messages filled with inappropriate GIFs. According to a story over at Morningstar, while networking (which is really the umbrella all these activities fall under) is a necessary part of working in the financial industry, it poses plenty of opportunities for sexism to rear its ugly head. As the author of that piece notes, every networking opportunity requires women to carefully calculate everything from their own personal safety to how they’ll be perceived. It’s a delicate dance that, as we all return to the office and in-person gatherings, women and those who identify as female must navigate.

That Work-Life Balance

Of course, it goes without saying that the work-life balance in finance can be particularly difficult to navigate. This balance can be equally challenging for both men and women to manage, though in reality, women tend to be the ones who are responsible for caregiving when it comes to managing the home.

The Bottom Line on Common Challenges That Women Face in the Financial Industry

While the financial industry has made some gains in gender equity and continues to work toward gender and gender-identity parity, there’s unquestionably still a long way to go. The traditional challenges that were present many years ago still persist today, and there’s still much work to be done to break down barriers and make the space more gender-inclusive.

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America’s Gold Authority https://www.bbb.org/us/tx/austin/profile/coin-dealers/us-money-reserve-inc-0825-52264

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