he investment industry in Canada needs more women, according to new research conducted by Women in Capital Markets and sponsored by the country’s seven largest investment dealers.
Among the results:
•men outnumber women four to one in the industry;
•in the industry, women hold just 11 per cent of managing director positions (generally across Canada, women hold 32 per cent of management jobs, according to Statistics Canada);
•women hold mostly middle-office positions such as HR and finance;
•twenty-five per cent of women surveyed said sexist remarks are often tolerated in investment dealer firms and women are excluded from networking opportunities;
•women surveyed said they feel they must outperform their male colleagues to get the same rewards;
•women said they feel stereotypes are inhibiting the advancement of women;
•more than half the women surveyed said they feel shut out from informal networks (compared with 13 per cent of men who feel this way).
Women in Canadian Investment Dealers: Growing the Pipeline
, included surveys of more than 1,500 men and women about their experiences in the industry.
The study makes a number of recommendations for HR people, including clearer maternity-leave policies and improved networking opportunities for women.