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Lack of competence is probably the simplest answer. This isn’t the college admissions field, so you don’t have alt left idealistic affirmative action policies harming the truly qualified applicants. Just look at the gender ratio at Caltech (where affirmative action is not as prevalent): there are more than double the amount of men compared to women

 
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Simple answer: On average the applicant pool is usually 90/10 male-to-female for investment banking roles.

Now why that is the case is because men tend on average tend to prefer prestige and higher paying jobs even though there is almost no work-life balance while females on average prefer a job with more work-life balance and that is more people-oriented.

 

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