June 21, 2018 | Article
Traditionally, and still to this day, men have dominated most industries, especially the finance industry. However, there is no better time than now for women to be making strides in industries across the board. In the financial industry in particular, a recent study showed that only 19% of women are in leadership roles and 2% hold the CEO title1. Although that’s the current climate of the financial industry, it is quickly changing. With more women graduating from universities than men, there is a good likelihood that more women will be filling leadership roles in the financial space.
Janet Yellin was making history in 2014, when she became the first female chair of the Federal Reserve. Her impressive resume and work ethic led her to being able to accomplish all she did. Not to mention, Abigail Johnson, granddaughter of Fidelity founder Edward Johnson II, has been president of the company since 2012. Although some may argue she was born into success, she graduated from Harvard with an MBA and worked her way up in her family’s company; her expertise is nothing short of impressive.
Additionally, within the past few months, Penny Pennington and Stacey Cunningham were named to be successors to leadership roles at Edward Jones and NYSE, respectively. Both women have impressive and extensive resumes within the financial industry. Their outstanding leadership and dedication to developing their careers has brought them to where they are today.
Being in leadership positions in large financial companies isn’t the only way that women are making strides. Now, more so than ever, women are paving the way for future generations. It’s important to empower women to continue to strive to achieve career goals they want to set. As a Financial Advisor, it’s good to remind your clients of the future possibilities in their careers and to plan accordingly. So, ask yourself this: how are you empowering your clients to achieve their financial and career goals?
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1 Investopedia