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It probably shouldn’t be surprising that women aren’t investing as much: The financial industry is still one of the biggest old-boys’ games in town. Don’t believe it? Check this ratio: Financial advisors and traders are 86% to 90% men. That leaves the 70% of women who say they would prefer to work with a female Financial Advisory without all that many options.
MS. CRONSTEDT: So, I, a year after participating in the program, sold my first business and simultaneously, I started a new one based on the knowledge and the tools that were given to me in the Global Ambassadors Program, which was a more successful company, just in short. Which was an online catering company that exists to this day, and that has--
But anyway, so I think the first thing is we have to say that is our expectation. It's our expectation that, you know, nearly everybody, 70% of the jobs in this state damn near are going to require post-secondary education, not necessarily a baccalaureate degree, but at least two years of education with a credential after high school, an associate's degree, some kind of stackable credential, a skill. Certainly the jobs at this organization are, certainly the jobs that you all are creating as entrepreneurs and leaders require skill and knowledge.
Move over millennials, here comes the IGen! Born between 1995 and 2005 this group of tech savvy natives is the next cohort and are just now entering the workforce. IGen, or Gen Z as they are often referred, have grown up in a world of social media where Youtube, Instagram, and Twitter reign supreme. These kids are a force to be reckoned with and require access to information in ways that are familiar, immediate, and actionable. Our success depends on them because as the IGen goes, so goes the manufacturing industry, the nation, and the world.
MS. TURLINGTON BURNS: It's a huge problem, and it's going to get worse. We have done a series of films called "Giving Birth in America" where we look through state-by-state at maternal healthcare. And one of the first films that we did was in Montana and there, you know, we had a family, a Caucasian family, highly educated, lots of kids, but that lived far away, just lived in a large state in a rural part of the state, and so when an emergency happened they were far away. I mean the woman survived, but it was, it was almost as if you could be in Sub-Saharan Africa and have the same problem. If you have a post-partum hemorrhage, you could bleed to death in under two hours if you don't get to care. So, you can see some of the same challenges as you do anywhere. I think what's most important is really having many levels of trained health providers, so community health workers, doulas, midwives, nurses, and doctors when necessary. Sometimes in the United States we have a tendency to over-medicalize birth, and so you might rush to a doctor who you don't necessarily need to see.
HR tends to be useless so you should continue following up with the bankers and tell them directly that you know they have the decision-making power in terms of who gets interviews/offers, so you’d prefer to speak with them. Or say that you spoke with HR and that they referred you back to bankers. Either way, HR = useless so keep speaking with bankers and don’t take “no” for an answer.
Women approach risk differently than men do. Studies show that men are more inclined to behave like baseball sluggers, who swing for the fences, even if it means running the risk of striking out far more often. Women, by contrast, are more like contact hitters, who are satisfied with a string of singles. These tendencies show up in various forms. For example, a 2013 study by Fidelity Investments found that men were much more likely than women to hold 100% of their assets in stocks. Openfolio’s data show that portfolios owned by men are subject to far wider swings in value. The problem is that investors who strike out frequently because they’re always trying to smash home runs can undermine their results.
As with green investing, a gender lens comes in different strengths. Mild versions include mainstream funds and exchange-traded funds (ETFs), such as the SHE-ETF by State Street, that filter out listed companies with few women in senior management. Super-strength versions include funds that invest in projects benefiting poor women in developing countries. These may make it clear that they offer higher financial risk or lower returns, which investors may accept as a trade-off for the good that they do.
Simply put, women don’t invest as much as men do. And they don’t invest as early as men do, either. Of all the assets women control—both inside and outside their portfolios—they keep a full 71% in cash, according to a survey by BlackRock, whereas men hold 60%. Cash may feel like zero risk, but it also has zero potential to grow as stocks do over time. And even with low inflation, the purchasing power of that cash will decline over time. So the price of certainty you get with cash is high.
MS. ALYSE NELSON: Well hello everyone, I'm Elise Nelson. I'm President and CEO of Vital Voices. Let me just first say how exciting it is to be here at the mothership of Bank of America. I heard it actually called that. Vital Voices, as you know, launched in partnership with Bank of America this really innovative partnership five years ago. So, it's quite special to be back here and to see so many people in this room who were really part of making it happen and looking at Zoe and Susan and of course Pam Seagle, and so many others who just made this a reality.
Now, the down of it is because often those jobs don't pay as well as those in the private sector. So, I think women have been drawn into those roles, but the good of it is get yourself in there, manage, lead, learn, and translate those skills either upward in the, in the public sphere or externally in the private sector. And when I used to work on appointments for President Bush and when he was governor in Texas we used to try to sell people like Andrea that we were going to go from success to significance. And so-- MS. SMITH: And you did.
MS. CHRISTY TURLINGTON BURNS: Here in Haiti many women have to walk an average of five miles just to receive any kind of maternal healthcare. During my last trip here we were bouncing along the road, and I thought "Hey, why don't we run this? Why don't we run or walk this? Let's see what this really feels like." At Every Mother Counts we run as a way of educating the public about how distance is a barrier for women to access quality maternity care.
So, if you’re eager to make a major job or career change… you guessed it, make a plan. Consider making a list of pros and cons for taking the plunge. If everything in your life is pointing to making a major change, figure out what new goal makes the most sense for you. Take an inventory of your skills and experience, along with your interests and aspirations, and figure out which careers/industries you best align with. Do you have any friends or family who have jobs that sound potentially intriguing to you? If so, ask them more about it. Do your research—the Internet is a great source of information for researching new companies and careers.
My dad doesn’t even understand what I do. Within finance there are different departments and what I do is help companies raise money. Companies can raise money by issuing stock. I don’t do stock but I do bonds, which is kind of like a contract, like a mortgage. It’s a contract between the companies and the investors basically helping the company to borrow money from investors.
Being a diverse and inclusive company is essential to our ability to meet the needs of our clients, communities and employees. As a part of this, we empower women to make meaningful contributions within our company and in our communities. We have strong representation of women at all levels and we are focused on attracting, retaining and developing our diverse talent. We also recognize that women play a vital role in driving economic growth, and we have many partnerships to connect women entrepreneurs to mentoring, capital and other tools that will advance their businesses and make significant contributions to our global economy.
And the hot thing. First girls need to judge their "hot level" before they want try to leverage it. I've meet plenty of girls that think they're gorgeous because their friends tell them so. Girls will say other girls are attractive (in a straight way) by their personality, how "cute" they dress, how much weight they've lost, etc. Guys equate "hot'ness" to legs, tits, ass, & attractiveness of facial features (generally speaking). In all sincerity, if you haven't been known for those (the latter) things most of your life or haven't had a ton of the more desirable men in your social circles blowing you up all the time, then you probably won't have that type of power over the guys in your office. If those things do apply, just don't be a stone cold bitch, like the coupon cunt from from above, be nice, and you've got pretty good get out of jail card. IMO.
MS. TURLINGTON BURNS: I think we see all ages who are interested, and it might be—obviously, it's not just people who are thinking about motherhood or pregnant themselves. This is again it's an issue that really touches a lot of people. It might be because of their own parent. It might be because, you know, like my 13-year-old, right, it's not lost in me that, you know, at this age of her life it's kind of the perfect time to be learning about these issues, well before she is thinking about whether she wants to or doesn't want to become a mom one day. But now, as she's understanding her body, and is learning about the things that she wants to do and what she wants to be in life. Like, this is like a ripe time. It's a challenging time in almost every country to be able to educate our young people about these things, but it's so important. My team at work, their ages, you know, 22 to I'm 48, so to 48. I mean it's a pretty broad age range, and I think the way that we work as a team has really helped to—like we don't really see age and numbers. It's like we're together sharing this mission and we each can kind of reach our own networks in our own way, in the way that they want to be spoken to or taught. So, we're really trying to think about that and keep an open mind about how people want to, how receptive people are, and how they want to take information in and how they want to be activated.
I certainly agree with your analysis. As you and some of the GWI scholars have mentioned, the finance industry is often depicted with its misogyny, corruption, and greed. I think this skewed and incomplete depiction of the finance industry is a huge obstacle in diversifying employment in the industry in terms of both race and gender. My relationship in finance began when I interned at a private equity firm in Shanghai, China two years ago. I overheard a private equity manager say it was “fortunate” that many Chinese workers were being burnt, as it helped the sales of a medical company that the firm invested in. It was like a scene straight out of the Wolf of Wall Street, steering me away from the money-driven industry.
6. Impact of higher savings is calculated using fixed monthly returns with contributions made at the beginning of the period. Beginning balances are assumed to be zero. The potential difference is calculated by comparing ending balances at retirement for each hypothetical example. The ending values do not reflect taxes, fees or inflation. If they did, amounts would be lower. Earnings and pre-tax contributions are subject to taxes when withdrawn. Distributions before age 59 1/2 may also be subject to a 10% penalty. Contribution amounts are subject to IRS and Plan limits. Systematic investing does not ensure a profit or guarantee against a loss in a declining market. This example is for illustrative purposes only and does not represent the performance of any security. Consider your current and anticipated investment horizon when making an investment decision, as the illustration may not reflect this. The assumed rate of return used in this example is not guaranteed. Investments that have potential for the assumed annual rate of return also come with risk of loss.
“She was impressed with Notre Dame’s faculty and students, and also our classroom and residential facilities,” Scott said of Dunlap, who retired as CEO earlier this year. “Her time on campus allowed her to visualize how this program could be implemented here at ND and how we could be the host for their second site — increasing the number of students GWI serves through their summer intensive program to 100. Kathleen was thrilled that Carl Ackermann would serve as the lead faculty instructor — especially given that he regularly wins awards for excellence in teaching the sophomore-level introductory finance course. She was also excited to learn that we were planning to have many of our female faculty teach during the program, as these women are exceptional role models for the scholars.”
2. In a team work, Woman are are worst performer, They are very good pal , sharing tiffin in canteen , going market along , but in case of official hiererchy, woman always want a man boss. I dont know what is the philosophy, but i seen, I felt- so I am writing. decision is in your hands. The result suffers due to poor co operation between the woman , and ultimately they blame to Glass Ceiling - that is not true.
By Meghan Flaherty Women did not feel comfortable transacting with JazzCash’ mostly-male agent network, leading to lower product uptake. Women’s World Banking worked with Jazz to partner with Unilever’s women entrepreneur training program to leverage each companies core competencies to increase value for their products and drive financial inclusion for low-income women in Pakistan. At first […]
Anyone who wishes to invest in firms that benefit women who are not employees will quickly find that there is as yet no systematic way to measure broader “gender impact”. Even inside firms, data are lacking. “We need to move beyond just counting women and start taking into account culture,” says Barbara Krumsiek of Arabesque, an asset manager that uses data on “ESG”: environmental, social and governance issues. It is urging firms to provide more gender-related data, such as on attrition rates and pay gaps. Just as its “S-Ray” algorithm meant it dropped Volkswagen because the carmaker scored poorly on corporate governance well before its value was hit by the revelation that it was cheating on emissions tests, in future it hopes information about problems such as sexual harassment could help it spot firms with a “toxic” management culture before a scandal hits the share price.
First, you need to have a dream; second an idea of what your goal is and third, passion. Obviously having the skill set and working hard are important, but if you don’t have a dream and a goal, then don’t be surprised when you don’t get there. And if you don’t fill your dream with passion, then you can become disheartened about your career choice during the tough times. And there are always tough times in a cyclical business like finance.
As an alternative, open a savings account with a high annual percentage yield (APY), which means you’ll earn interest based on how much you deposit into your savings account. According to Bankrate.com, a good APY is between 3 and 5 percent. Make sure when that your direct deposit hits, you’re automating your payments into your savings account that way you won’t forget. However, make sure it is not easily accessible to make withdrawals from your savings. If you feel you don’t have the self-control to not withdraw from your savings, here’s a few reasons why you should keep your checking and savings account at different banks, according to LearnVest.
This is really important. The investment gap and the pay gap are closely related. A lot of us know about the pay gap—that women make about eighty cents on the dollar compared to men with the same job and experience. And investing amplifies that difference, thanks to what Albert Einstein once called the eighth wonder of the world: compounding. Which means that, over time, the difference between investing a little and investing a little more becomes profound. Basically, if you don’t invest much, and you don’t start early enough, you’ll end up with a lot less when it’s time to retire. Once you stop working, your retirement savings becomes your income. And more income means more choices: the choice to take time off for family, change jobs for something you love but that may not pay as well, leave a bad relationship, travel the world…money equals choices.
Women continue to earn less than men. On average, full-time female workers in the U.S.make only 80 cents for every dollar earned by men in 2015, a gender wage gap of 20 percent. And the gap is even larger for women of color: Hispanic and Latina women were paid only 54 percent of what white men were paid in 2015, while African American women earned 63 percent that of their male counterparts.3 Consider the impact of that disparity over the course of 20 years. This wage gap becomes even more detrimental if you're a woman who happens to be the primary breadwinner in a male-dominated industry. You'll need to work quite a bit longer than your male co-workers to make up for the wage gap and generate adequate retirement savings.
Without investment, Facebook and Amazon might have been just interesting projects hatched in a dorm room or garage. Starbucks might still be just a few coffee shops in Seattle without investors who enabled the company to expand to over 20,000 stores worldwide today. The world's most innovative companies rely on investors to fund growth and expansion.
Shelly Bell has lived many lives. She’s a computer scientist, a former high school teacher, a performance poet, a community organizer, a founder, and a CEO. She has two successful apparel printing businesses: MsPrint USA—through which she creates swag for clients like Amazon and Google with a team of women designers and printers—and Made By A Black Woman, which celebrates products made by Black women.
Do you need to hear that again? Nothing will make as big a difference in your retirement account balance as the amount you save. Even just adding an additional 1% can tip the scales significantly. A 35-year old earning $60,000 a year who puts an extra 1% (roughly $50 per month) into her retirement account will have an extra $3200 per year to live on in retirement (assuming a 7% rate of return and 1.5% raises.)
#1... biggest advice to any female looking to break into finance... drop the feminista thing, it won't get you anywhere. It's ok to be bitchy, and in fact may help you in certain instances, but don't ever, ever pull the feminist card. There's nothing worse than a person who chalks up their own personal failings to an "anti-me" thing. It's nothing more than an excuse for being a slacker.