How to Start a Career that Ends in the C-Suite
In the financial services sector, men still rule the day when it comes to filling executive leadership positions.
A 2016 Oliver Wyman report found that women make up 47% of American financial firms, yet hold only 16% of executive committee positions and 20% of board seats. Among Fortune 1000 companies, 94% of chief executive officers (CEOs) are male; and among the top 100 largest U.S. companies by revenue, just seven employ female CEOs.
These numbers can seem discouraging, but for recent college grads and women who are just a few years into their career, a ticket to the C-suite is not out of reach. Executive search firm Korn Ferry recently compiled a study focusing on 57 past and present women CEOs that sheds light on what women in the financial services sector can do to propel themselves to an executive role.