GITNUX MARKETDATA REPORT 2024

Diversity In The Financial Services Industry Statistics

The financial services industry still lacks diversity with minority representation significantly lower in leadership positions.

Statistic 1

"As of 2020, women represent 50% of staff in financial services, but only 29% of senior leadership."

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Statistic 2

"46% of finance and insurance companies said they held diversity and inclusion training for staff in the past year."

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Statistic 3

"Only 6% of CEOs in US financial services are women."

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Statistic 4

"People of color make up 34% of the financial services workforce but are only 12% of executive teams."

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Statistic 5

"Only 20% of board seats in financial services firms are held by women."

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Statistic 6

"People of color represent only 16% of senior leadership in financial services firms."

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Statistic 7

"Companies with above-average gender diversity are associated with 15% higher financial returns."

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Statistic 8

"Just 11% of portfolio managers at mutual funds and exchange-traded funds are women."

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Statistic 9

"In asset management firms, just 1% of $69.1 trillion is managed by women and minority-owned firms."

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Statistic 10

"85.4% of financial advisors are white, while only 8.4% are Asian, 6.3% are Black and 5.8% are Hispanic."

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Statistic 11

"In venture capital, just 2% of partner-level VCs are black."

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Statistic 12

"Around 33% of firms in the finance industry, compared to 41% across all industries, have diversity targets for their senior leadership teams."

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Statistic 13

"Only 1% of venture capital-backed founders are Black."

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Statistic 14

"Only 9% of executives in fintech are women."

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Statistic 15

"Among the top 15 firms in the S&P 500 Financials Index, none have a female CEO."

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Statistic 16

"Minority representation in senior leadership roles in the finance industry has increased from 6.7% in 2007 to 12.8% in 2020."

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Statistic 17

"Banks and financial services rank 11th out of 14 industries for racial equity according to a Just Capital report."

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