GITNUX MARKETDATA REPORT 2024

Powerful Women In Banking Statistics

Statistics show a growing trend of powerful women in banking, with an increase in female representation in leadership positions and a rise in the number of women-owned financial institutions.

Last Updated: June 17, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the current landscape of women in leadership positions within the banking and financial services industry, shedding light on key statistics that reflect the progress and challenges faced by women in this traditionally male-dominated sector. From the number of women holding CEO positions to their representation in senior management roles, these statistics provide valuable insights into the ongoing efforts towards gender equality and empowerment in the financial world.

Statistic 1

"12 women are CEOs in the top 100 banks globally, as listed by S&P Global Market Intelligence."

Statistic 2

"2 of the 10 largest banks in the U.S. are led by women as per Statista."

Statistic 3

"In 2020, 66% of all employees in financial services were women but only 34% of them held senior management roles, reports Catalyst."

Statistic 4

"Less than 20% of the women have the power to make key organizational decisions and occupy leading roles in financial services, according to the World Bank Group."

Statistic 5

"In a study by Oliver Wyman, it was noted that 20% of executive committee members in the banking and capital markets industry were women in 2020."

Statistic 6

"According to All Raise, only 12% of decision-makers at U.S. venture capital firms are women."

Statistic 7

"Among Fortune 500 companies, only 7% of CEOs were women in 2021 reports Fortune."

Statistic 8

"The proportion of women working in senior management roles globally reached 31% in 2021 according to Grant Thornton."

Statistic 9

"According to Harvard Business School, Receipts from women-owned businesses totaled about 1.8 trillion dollars in 2018."

Statistic 10

"Women hold over $20 trillion in annual consumer spending power according to Nielsen."

Statistic 11

"Women hold 22% of wealth globally, according to Boston Consulting Group."

Statistic 12

"A 2020 survey by Catalyst shows that women occupy 26.5% of senior leadership roles in finance and insurance."

Statistic 13

"Less than 30% of finance and insurance board positions are occupied by women, reports Deloitte."

Statistic 14

"According to a Bain & Company study, women consistently exceed men in customer loyalty in the banking industry."

Statistic 15

"60% of millennial women aren't interested in pursuing a career in finance due to lack of female leadership roles, according to PwC."

Statistic 16

"21% of senior positions in finance are held by women, states Ernst & Young."

In conclusion, despite progress being made in increasing the representation of women in the banking and financial services industry, there remains a significant gender disparity at the leadership level. Women are underrepresented in senior management roles, CEO positions, and decision-making roles, indicating the existence of glass ceilings and barriers to advancement. Efforts to address this issue are crucial not only for achieving gender equality but also for improving business outcomes, as studies show that having more women in leadership positions can positively impact customer loyalty and financial performance. Further initiatives and support are needed to empower women in banking and finance and to create a more inclusive and diverse industry.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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