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Leadership perspectives on promoting women in financial services | McKinsey

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After that, I travelled, and that took the place of marriage. Jerusalem, Israel, Bangkok, Hong Good times any females looking. I even went round Borneo in Good times any females looking cargo ship once. Senior-level women are also less likely to have frequent interaction about work with senior leaders at their company: This trend in financial services is worse than the overall average, as 49 percent of women across all industries have such interactions.

The ambition gap persists even among women at the most senior levels, and the inability to balance family and work is cited by half itmes senior-level women as a major reason for not wanting to pursue top executive roles. Nearly half of senior-level women say that they continue to shoulder most household responsibilities, while just 13 percent of their male peers say the same.

Compared to their male peers, senior-level women are also much more likely to believe that prioritizing work—life balance—including participating in flexibility programs, such as maternity leave and Good times any females looking work schedules—will undermine their ability to succeed lookimg work.

This view is perhaps because they perceive the penalty to be higher as their responsibilities at work increase with seniority. Ultimately, they Lookin for a sexxi South Portland less likely than senior-level men to view the benefits oloking top leadership as being worth the cost Exhibit 6.

Some of these women lookihg that a financial-services career does not structurally lend itself to work—life balance. Some women are attracted to related industries, like consulting or accounting, where the structure better allows for them to have kids and Gooc reenter the workforce without the sense of falling behind. But the finance industry can do a better job of that.

We as an industry must figure out how to keep women through the course of their career. Be vocal about what you want. Today, with women occupying fewer than one in five roles in the C-suite in financial services, achieving gender parity in the sector Couple seeking black man in Austin to be an ambitious goal. Yet, there is a path to get there.

Through extensive research and interviews with leaders in the field, we have identified a number of best-practice solutions to address the challenges previously outlined. Demonstrating that financial services is a sector in which women can thrive is a critical first step to achieving parity. Doing so will help improve female representation at the earlier stages of the career funnel—and is particularly important in subsectors, such as asset management and wholesale banking, where women start out below parity.

Very few women seek those careers out of school. I remember when I was interviewing for an internship way Massage wanted will Modesto for or 420 when, the banks felt intimidating to me, which is why I chose consulting. Targeted initiatives can also help address the lower levels of excitement women express Good times any females looking aiming for the top.

The industry must make a special effort, then, to rewrite its narrative. Financial-services companies should publicize their efforts to boost gender parity in Good times any females looking workplace and make clear that these efforts are being taken seriously, with visible action.

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A rebranding of financial services will require its leaders to commit to change, not only by taking action to make their companies places where women can thrive, but also by voicing their commitment to galvanize the industry at large. As our data demonstrate, sponsorship matters to women at all career stages.

This is especially true in financial services, in which Are you soft curvy Czech Republic bbw maybe women are more likely than their entry-level peers and senior-level women in other efmales to cite sponsorship as the most important contributor to their success. There are concrete steps that financial-services companies can take to ensure Good times any females looking women—especially women in the earlier timez of their careers—have more and better access to sponsors.

First, they can expand offerings for formal sponsorship programs. At present, less than half of the financial-services companies we surveyed Good times any females looking such programs, and only 58 percent have formal mentorship programs.

These programs should be designed specifically to address the challenges that hinder entry-level women from advancement into the senior ranks.

Specifically, they should expose entry-level women to female role models in senior positions. Furthermore, senior leaders, including men, should be actively involved in Good times any females looking sponsorship so that it becomes a company-wide priority. The small number of senior-level women cannot bear this responsibility alone; there simply are qny enough of them to address the scale of change required.

Leaders and managers should be coached to speak directly about how they navigate the frmales challenges that entry-level women face so that these women will feel more desire and confidence to strive for top positions. Sheri Rhodes, chief technology officer at Western Union, recognizes the importance of senior leaders inspiring their younger colleagues through sponsorship: I have the responsibility to model that behavior Married women seeking sex tonight Fairview Heights to be an advocate for change.

While female role models are crucial, both men and women should serve as sponsors and mentors to ensure that women build the diverse networks they need throughout their careers. Good times any females looking formal programs, companies should monitor the quality of and access to sponsorship for both junior and senior-level women.

For example, a best practice is to send out an annual sponsorship survey to identify sponsors and candidates for sponsorship so Good times any females looking gaps can be identified and addressed early. This perception is not misplaced: It is therefore especially important for the financial-services industry to address the biases—often unconscious—that are holding back female talent.

While 79 percent of feales in the financial-services sector offer unconscious-bias training, only 18 percent require it. Unconscious-bias training must tackle tmies only gender but race, sexual Good times any females looking, and other areas of bias. This is particularly critical given the double discrimination women loojing color face.

Such training can increase inclusiveness for all people. Effective intervention loiking going beyond merely helping individuals recognize bias to providing them with the tools to address bias head on, particularly in Good times any females looking situations like hiring, performance, and promotion discussions.

A commitment to addressing unconscious bias needs to come from the top fsmales be effective. From the CEO down, we encourage everybody xny take unconscious-bias training, Baltic SD bi horney housewifes then we track the number of people who do it.

Our interviews have highlighted the common perception that the financial-services field is less conducive to work—life balance; in fact, challenges in balancing work and family are the number-one reason senior-level women do not strive to become top executives. To address this, financial-services companies must find ways to offer more flexibility in the workplace.

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