Women in the finance sector have a long and hard road to follow. Women have been fighting for equal rights since the beginning of time, but they've never been more potent than they are today. Financial institutions were no exception to this rule, all but completely disregarding women as potential employees until the 1970s.
Even then, the demands of childcare frequently made it difficult for mothers to commit themselves fully. In this blog post, we'll explore their history, how far they've come, what's on the horizon for them, and some advice from women who work in finance about what you should know if you're considering a career in fintech.
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What is the future outlook for women in finance?
The future outlook for women in finance is a very bright one. While, unfortunately, there's still a long way to go until women are treated equally at all stages of employment and within the workplace, things have advanced a great deal since then. For the first time in history, women hold an equal number of seats at universities as men.
It is significant because it means that more young people than ever before are entering the world of finance with qualifications on their CVs, making them highly desirable candidates to employers. And they're using these qualifications, too – statistics tell us that over half of all graduates working in finance are female.
Why is this a problem, and what can we do about it?
There's an assumption amongst many that women cannot work in finance. It comes mainly from the nature of the industry itself. The financial world is, after all, an incredibly competitive one and requires employees to be hardworking and determined. It's only natural that employers might assume that women could never survive in such a dog-eat-dog environment with their supposed frailties regarding commitment and dedication.
The problem here is that, quite simply, this isn't true. Women have several qualities that make them great employees – they're highly intuitive and empathetic, allowing many women to excel in managerial roles. They also respond particularly well to communication from their managers – a benefit for both sides as communication is essential for a team's day-to-day running.
There are many things that you only have to look at the statistics to realize – women are becoming better educated, they're entering the world of finance in higher numbers than ever before, and they're rising through the ranks at a staggering pace. If you want to work in finance, then now is an excellent time to do so.
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