Friday, October 15, 2010

Women on Wall Steet

As most woman in the corporate world, I am surrounded by men everyday. Don't get me wrong, I love the guys I work with, but they don't know how hard it is for us women. It only gets worse when you have kids. I have a few friends who are also in the Investment Banking world who definitely also feel the brunt of the glass ceiling. It makes it even harder when you are a woman who is not going to be ruthless to get to the top. At this point in my life, I realize that it is going to take me a lot longer to move up and I am honestly not sure if I care as much nowadays. The competitive side of me does but the hopefully future mom side of me doesn't care. I am a hard worker so no matter what, I will come into work everyday and do my job to the best of my abilities.

My friend sent me an article titled "Women on Wall Street" and the statistics are frightening.

*Women managers in finance, a group that includes bank tellers as well as executives, earned 63.9 cents for every dollar of income men earned in 2000, based on median salaries, according to Government Accountability Office statistics analyzed by Bloomberg.
*In 2007, the last year for which data are available, the figure was 58.8 cents. The 41-cent gap was the biggest in any of 13 industries surveyed by the GAO, and only two others had a widening disparity.
*The number of women in finance, banking and insurance in the United States fell by 537,000 between the second quarter of 2007 and the second quarter of this year, according to data compiled by the Bureau of Labor Statistics.

These facts are something us women face everyday. The world is not designed for women to be successful, but all we can do is keep trying to prove everyone wrong and change the statistics!

No comments:

Post a Comment