Glass Ceiling for Women in Finance

Nov.22, 2011- The finance industry has always been known to be an industry with apparent glass ceiling for females. Deal Book author Julie Steinberg recently published data on the topic: In 2011, only 16% of women in investment banking were promoted to be managing directors, the second highest rank in the business second  to partner. Furthermore, there's been a 5% decrease in the same measure since 2010. This article did not have any speculations as to why the phenomenon exists and I have one of the many reasons as to why: As women progress in their lives, they often need to choose between family and careers towards their early 30's and 40's. Most women after having children tend to weight family heavier than careers and thus would not be as aggressive as to climb up the professional ladder, which means the overall ratio of women-to-men leaders in a company is already low to begin with.

http://www.fins.com/Finance/Articles/SBB0001424052970204443404577054143139934280/No-Big-Gains-for-Women-MDs-at-Goldman-Sach