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This paper takes a look at how women have faced discrimination as they strive to reach managerial positions in the finance industry. The paper focuses on several women who have broken through the glass ceiling to achieve career success in executive positions. Reasons are listed why women and other minorities are often excluded from higher level jobs in finance. Then, ways to actually break through these barriers are suggested, based on the experiences of those who have already done so. These methods begin with getting a sound education. The paper concludes that women have proven that qualification, persistence, and dedication are among the key ingredients to achieving a prosperous career in the finance industry.
From the Paper:"For this reason, the percent of women officials and managers in the private sector has increased from just over 29 percent in 1990 to 36.4 percent in 2002 (U.S. Equal Employment Opportunity Commission, Executive Summary). This is certainly not a huge increase, especially not for women interested in working in finance, since health care companies and hospitals are the most likely to hire women as managers or officials. This is largely due to the fact that the health care field involves service to others and tending to another's physical condition, which are thought to be traditional female roles. The Executive Summary also reveals that manufacturing companies and businesses are the least likely to hire women as managers, which means that the finance industry is somewhere in the middle when it comes to this issue. Could this mean that the attitudes toward women in the world of finance is beginning to change, and just how many adjustments need to be made in order to ensure that women are treated completely equally in the workplace? "
Sample of Sources Used:
- Beloan, Camille. Women in Finance. Bucknell World Journal, Vol. 28 No. 3, May 2000.
- Emery, Gail Repsher. Many women see glass ceiling blocking their quest for success. WashingtonTechonology.com, July 2001.
- Fitzgerald, Annarose. CU institute in NYC hosts panel on status of women in the finance Industry. Cornell Chronicle, Oct. 16, 2003.
- Fowles, Deborah. Top Ten Money Tips for Women. 2006 About Inc., New York Times Company.
- Glass Ceilings: The Status of Women as Officials and Managers in the Private Sector. The U.S. Equal Employment Opportunity Commission, 2002.
Cite this Term Paper:
Women and the Glass Ceiling in the Finance Industry (2010, June 03) Retrieved December 13, 2019, from https://www.academon.com/term-paper/women-and-the-glass-ceiling-in-the-finance-industry-120092/
"Women and the Glass Ceiling in the Finance Industry" 03 June 2010. Web. 13 December. 2019. <https://www.academon.com/term-paper/women-and-the-glass-ceiling-in-the-finance-industry-120092/>