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(Gender) Balance in Accounting

7/12/2018

 
It is a truth universally acknowledged that a business seeking better returns must be in want of women.  (Sorry, Jane Austen) 

You see, research has shown that businesses - and particularly investment managers - perform better with a balance of men and women in the workplace. ​
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Too much testosterone can wreak havoc on financial behaviour. So here’s the conundrum: why are there not more women in executive leadership roles? 

“Women and minorities manage only 1% of the asset management industry’s $71 trillion in assets and only 15% of global mutual fund managers are women” says  Girls Who Invest.  It’s an organization that’s done the sums and exists to change them. 

Girls Who Invest selects about a hundred female students each year after a hard-fought application process. It then puts them through three-week summer camps at Wharton and the University of Notre Dame.  The women emerge prepped and inspired for a career in finance. 

Each year, after teaching the Color Accounting module at the camps, we leave uplifted.  The bright minds of the savvy up-and-comers, from widely diverse backgrounds, give us great cause for optimism.  

Clearly, balance shouldn’t only happen on balance sheets. 

Peter
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    Co-founder Peter Frampton is the lead author of this blog.

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