CASHING IN
THE GENDER GAP AND WOMEN IN FINANCE IN THE US : CHALLENGES , CORPORATE RESPONSES AND TECHNOLOGICAL SOLUTIONS
The gender gap in the finance industry is a persistent issue in the United States , reflecting broader societal challenges around gender equality . Despite progress over recent decades , women in finance continue to face significant barriers in terms of representation , pay equity and career advancement . This gap not only impacts the careers of individual women but also hinders the overall performance and innovation potential of financial institutions . Understanding why this gap exists , what large companies are doing to address it and how technology is helping to bridge the divide offers a comprehensive view of the current landscape .
tThe gender gap in finance : Causes and current state
According to the World Economic Forum : women in the US are well represented at entry levels , comprising 52 % of associated finance jobs in 2021 . As of August 2023 , close to 30 % of senior management positions at UBS globally are held by women – but this success is not replicated across the wider sector . According to the Women in the Workplace report , a McKinsey collaboration with LeanIn . Org , within financial services , only 86 women
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