Despite significant evidence showing the economic benefits of diversity and inclusion, women are underrepresented at every level in the workforce. Women of color are the most underrepresented group of all, lagging behind white men, men of color, and white women.
, Co-Director, Women and Public Policy Program, Kennedy School, Harvard University, emphasized that for “America to most effectively compete in the global marketplace, we need to draw on talent from the full talent pool, not just half of it. American women today are more highly educated than men across many levels of the education spectrum, from associates and bachelors degrees to masters and doctoral degrees.
She stated that “According to the latest Bureau of Labor Statistics data, only 34% of personal financial advisers and 41% of financial analysts are women.” Worse yet, “even when women are more equally represented in entry-level roles, they are not making it to the top of the organizational hierarchy.” Women are only about 20% of senior leadership positions in the U.S. Financial Services Industry, and the figures are even lower for women of color, who are nearly totally absent in the C-suite.
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