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Women, Minorities Lag In Executive Ranks

The study examined the financial industry's banking, credit, securities and insurance sectors, paying particular attention to the status of women and minorities in management positions at firms with at least 100 employees.

Women and African-Americans held higher percentages of upper-level positions in the banking/credit world, where women occupy 48.6 percent of management jobs and African-Americans just 7 percent. Each group is doing least well in the securities sector, where women hold 33.8 percent of official and management positions, and blacks hold 4.4 percent.

The percentage of Hispanic executives is highest in central banking (5.1 percent), and lowest in securities (2.9 percent). Meanwhile, the highest percentage of Asian executives is in securities (6.4 percent), while the lowest are in central banking and insurance (2.8 percent).

Dominguez said that because of the industry's expected growth in coming years, "we must continue to mentor professional women and people of color."

AUTHORAnonymous Insider Comment
  • Sh
    Shirley Kearney
    30 July 2007

    I am an educated woman of color and I find myself really fustrated with applying for job for which I believe that I am qualified. Only to be told that I am over qualified or because I am a Black woman and they are looking for some other type of person for the job. Those who are in hiring positions and do not have the credentials themselves in the job that they may possess only to be insecure around those who are qualified. We live in such a racist, hateful and an injustice society. I wonder why in this socety as we enter into the 21st century and we stll have these ignorant people in powerful positions only making it difficults for those who really do need a job.

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