Women in the financial industry feel overlooked by “ordinary” male colleagues: Research

London — A UK study of women’s experience in the financial and professional services sector found that many felt bound by higher performance standards than their “ordinary” male colleagues.

The study, which gathers the views and experiences of 79 women working in financial and professional services, was conducted by Gray Rhodan, director of the London School of Economics Inclusion Initiative.

It was created by a UK non-profit banking and financial woman sponsored by major financial companies such as Goldman Sachs, Morgan Stanley and BlackRock and was released Wednesday.

Approximately 44 women surveyed were interviewed, and some said they felt that “high performance was discounted more regularly than men.”

Other women said they felt they were treated differently when they made a mistake.

Many believed that they were labeled “competent or incompetent about their abilities,” but “the distribution of perceptual abilities among male colleagues was much larger, with 22” mediocre “males. It was explicitly mentioned by a woman. ”

The women interviewed attributed these men to a number of factors, including being part of a “social club where other members are the gatekeepers in power.”

Of the women interviewed, 11 were black. In a report, WIBF said black women were “strategicly oversampled because the sector is developing significantly slower and unexplained.”

“What impressed me in the conversation was that the headwinds and tailwinds they faced were no different than the remaining 33 women,” WIBF said.

“Rather, the headwinds were stronger and the tailwinds were less,” the report added.

Some of the black women interviewed emphasized this theme of being a “mediocre” male colleague.

In a broader sense, some of the women interviewed felt that they had to be innovative to succeed, but men were often welcomed by traditional career paths. did”.

The women surveyed also talked about caring for equality, but talked about meeting a manager who said their “walk did not match the story.” This indicates a lack of reliability.

Indeed, another report by Women on Boards UK, also released Wednesday, found that 37% of the 261 small businesses listed in the UK under the FTSE 350 had no or no female directors. I emphasized.

Also, less than half achieved the UK’s goal of having 33% of women on board.

Fiona Hathorn, CEO of Network Womenon Boards UK, said the findings show that “the work is not done yet” on the commitment to diversity among UK listed companies.

“To accelerate diversity and close the wage gap between men and women, we need to make all FTSE All-Share companies responsible for change beyond the FTSE 350,” Hathorn said. I am.

Women in the financial industry feel overlooked by “ordinary” male colleagues: Research

Source link Women in the financial industry feel overlooked by “ordinary” male colleagues: Research

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