Women executives thriving at the top?
Have the corridors of power on Wall Street gotten more hospitable to women in recent years? It would be hard to argue that the financial crisis has been kind to women executives. Some big names took big falls, like Erin Callan and Zoe Cruz. A lot of male executive took their lumps as well.
Now that the smoke is clearing, it's interesting to note Financial News' look at 20 investment banks and corporate and investment banking divisions. It found that just 17 women are among the 200 most senior bankers on executive committees or an equivalent level. That amounts to less than 8 percent.
But some banks seem to have been more active in cracking the glass ceiling. European banks tend to have a higher percentage of women on boards. BNP Paribas (27.8 percent) and Deutsche Bank (35 percent) lead the way. JPMorgan Chase and other top banks tend to have two female directors, putting them in the middle of the pack. Goldman Sachs has only one female director.
U.S. banks tend to do a bit better when it comes to female executives at the group executive committee level.
Sadly, it's unclear if the future is really any brighter. The ranks of females choosing Wall Street careers seems to be flattening or diminishing, even as growth in the female workforce continues to grow faster its male counterpart.
- here's a cheat sheet (.pdf) from Financial News
Related Articles:
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Board diversity resource highlights big issue
Office of Minority and Women Inclusion
How did top women execs fare in the crunch?




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