Women in Finance Struggles…
Dear WSO community,
I understand that most men here will not relate to what we are going through as women. I thought I was the only one but after seeing the post where BNP paribas cut womens’ bonuses to pay men more I realized that there really seems to be a lot of inequality and discrimination against women. Recently Ive been trying to recruit but I see most companies prefer to hire men, teams are either 100% male or maybe theres 1-2 women. Im really losing hope of finding a job as a woman :(.
Even on WSO men throw shit at us, wow good job at proving that I am correct 👍👏
Please, throw more. Lets make this problem seen worldwide so that finally firms will treat women equally and have a better male/female ratio, equal pay and equal rights for women 👏
How about equal workload and equal performance first …
For those throwing 💩 accusing my post of being “low quality”, “inaccurate” etc. let me post all the proof, statistics, articles … so and hopefully this will be extremely helpful AND high quality
All I’ll say is this… I often see candidates from ethnic backgrounds take the most crap on WSO for being auto hires (which I believe is largely racist and false from my lived experience in PE). There are simply fewer resumes from minority and women candidates in general for structural reasons in society we don’t need to get into.
But, we are directly told from our recruiting lead at my PE firm to move forward female candidates to final rounds with mid backgrounds (at best) and without asking any technical questions. Whether you believe it’s right or not (although I think it is because of the existing imbalance), that actually happens. I haven’t seen this for any other minority group (Hispanic, black, Pacific Islander, Asian, etc.). So, I really don’t want to hear about unfair practices tbh. It’s 2024, women are given every opportunity to succeed in the financial world, so please stop with these wildly inflammatory posts trying to spark a reaction.
I dont know about your firm but Ive done many interviews and there are always technical questions and fin model test.
I didn’t post this to start any “reaction” yet what I got is shit thrown at my post for no good reason.
For what it’s worth, it’s a very difficult hiring market right now. Starting from the associate level (which usually has the most seats) and up. Anything above associate level is even more challenging because people who already VPs don’t turn their seats as often as juniors.
You might feel like it’s because you are a female but I’m pretty sure that’s not the case. I have white men with MBAs from HSW and with PE experience who are looking for PE jobs post-MBA.
The common denominator is there is more competition for less seats.
idk but being an asian female in PE its great
Most of you are incompetent, fill up diversity seats. Over 90% of diversity hires are white females. What are you even complaining about ..
Thanks for following me all the way to my page. How about instead you go and say this to your HR instead of hiding behind some username on a site where nobody gives a shit about your judgmental nonsensical opinion?
let me know how your HR responds to your skewed sexist statistics :) , probably you will reconsider your views
Have seen the stats internally so can attest. The only reason HR supports diversity as CFO has committed to DEI targets. At the end, they are employees and will tow bank’s line. They are not United Nations. Stay mad
Yup agree with what one of the posters said. Can’t tell you the number of times have been asked to put women forward or to “rethink” my hiring decision for prospective female hires. Doesn’t happen with any other group.
Actually I’m curious - is your post a rant? Or are you making the argument firms are discriminating against women in the hiring process because you can’t find a job? Or is it more that you’re struggling to find a job and reading articles like that about BNP makes you lose hope. And maybe your mind wanders about how messed up the industry could potentially be?
Yeah most teams are male dominated. That’s the way the industry is. The same way education or nursing is female dominated. I’m sure the “boys club” exists in some places or there are some losers who have internalized some idea that women aren’t as good. But the very vast majority of people especially in institutionalized places, don’t give a shit about your gender or anything. They only care whether you are good or not.
Even if the sexism existed, is it going to stop you from recruiting? Probably not right? I’m not saying that makes it ok (it’s fucked up if true). All I’m saying is that from your perspective - you should focus on applying and doing your best. You’ll land something soon. Whether recruiting is harder or not purely because of your gender, isn’t going to change your action plan. So just keep at it and good luck!
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