Gender Discrimination on Wall Street
There is no denying that Gender Discrimination exists in many industries but nowhere more prevalent than on Wall Street. The past ten years have seen more gender discrimination lawsuits brought by women against financial institutions than any other type of discrimination lawsuits and yet the problem persists.
The high power and high paying jobs are still filled predominately by men. Often times women find it challenging to break into that next level because of the glass ceiling that exists and inaccurate stereotypes about women that have been perpetuated for many many years.
The EEOC has reported that the percentage of women in senior positions is the lowest in the securities industry. The EEOC further indicated that it is more difficult for women to gain entry into management positions than their male counterparts.
Despite the lawsuits and the statistics reported by the EEOC, the demographics of Wall Street Firms have not changed much with respect to women. Women continue to be relegated to the lower level, more administrative oriented jobs and are denied the opportunities that men are afforded simply because of their gender. WHEN WILL THIS CHANGE?
