But surveys also show that men are more likely to treat investing as an end in itself. In other words, men pitch themselves against the market, and consider outperforming the market to represent success. Women, in contrast, tend to see their investing as a means to an end -- a way of accumulating enough money to, for example, buy a house or retire early. A corollary is that, rather than focus solely on commercial gains, more women look for businesses that have a social purpose or are at least sustainable. This is true for all kinds of investments: according to UBS, 88 percent of women want to invest in organizations that "promote social well-being."
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As I stated in my previous comment, I truly believe that the cultural scars and its consequent lack of representativity is the biggest cause of the few women acting in this kind of competition and going tho this area in the university. Problems like the time some girls have to spend cleaning the house because their parents say they must do it exists of course. But as I already said (previous comment) I myself, a boy, have obligations that spend some of my time, which I could use to study even more (of course, I do this by my own will, but see: in the case of selfish parents that really do care more about if the house is clean of not than if their daughter has good grades or a medal in an olympiad, I think they would prefer to show of themselves due to their daughter award. Anyway, actually they, fortunately, are not majority). Other way to conclude that the problem is in this area (STEM and similar) and not in the girls or their condition is to see that in fact there are many girls having excellent grades and getting into great universities. I’m currently trying to apply to good universities abroad and many of the exemples I have (and follow) of people who did it and got extraordinary results are women (actually, I think that the best results I know are of girls). But many of them simply do not chose this area. And so I think that we can blame this lack of representativity, which comes from a long time ago but is being grativaly erased by groups like “Olympic Girls” and “Girls Who Invest”.
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Well, I think that it summarizes what I think about this topic. Maybe Wharton’s Investment Competition will have more girls participating if it adopt some measures, like maybe a “runner up prize”, with symbolic values, to the best girls team, or maybe a rule that teams with more than six participants need to have at least one girl (it won’t stop anyone to participate but would make the incentive between students for a higher participation of girls). But as I said, 27% is a number that makes me ate least optimistic, because it reveals that girls are interested in this field and are fighting for it too. Now we have to try to increase this percentage, and movements like Girls Who Invest take a key role on it.
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Says Bourke, “In the first part of 2014, we completed four oil and gas deals totaling $350 million. We found, even in the heart of the oil patch, traditionally known as a male dominated industry, it is more the exception than the rule that both the decision to sell as well as the selection of the most appropriate buyer was a joint decision involving a central female stakeholder. It makes business sense to direct deliberate attention to building an investment banking firm that leverages the talent and experience of the female workforce.”
At age 65 or older, 95 percent of men and women have married at least once; however, at these older ages, three times as many women (41%) as men (13%) are widowed. Women who live alone have the lowest median income of any type of household. In 2009, among those 65 and older, 44 percent of women were married, compared to 74 percent of men. As marital status does impact median income, particularly in those amongst the over 65 age group, we can see why retirement planning is especially important for women.
It’s great to see this, but the firm and industry as a whole have a long way to go to achieve parity. Being a woman in this industry does have its advantages—I feel like I’m often more noticed and better able to stand out for my accomplishments. However, I’m equally likely to be talked over in a room full of men, and have certainly experienced sexist remarks in the workplace, even if unintentional. For example, I’ve been referred to as “the email girl” by an older white male at a client event just because I handled the logistics…and you tell me if they’d ever a call a guy “the email guy.” I have a name!
Investing is not some get-rich-quick scheme and there is always a degree of risk. But those women who are comfortable with that risk should not be deterred by the aggressive macho investor stereotype. The proof of the increasing success of women in the world of investing can be seen in the female-focused investment firms that have sprung up. As Alexander Taussig, the senior vice president for women investors at Fidelity, has said, "The myth that men are better investors is just that -- a myth."