Water Cooler Talk

Making way for women leaders

The need for more diversity in leadership positions in the banking industry is concerning. Commitment to diversity should start with the bank's board of directors, as having a balanced board is critical for women to advance into the C-suite. Bank leadership teams must understand the differences between men and women and the "confidence gap." By doing so, banks can better position themselves to understand and capitalize on the market opportunity.

Jenn Day
Apr 25, 2024

Read the ABA Banking Journal article here.

Here is a brief summary:

  • Women make up more than half of the banking industry’s total employees, but only 7.5% hold the CEO title.
  • Lack of diversity in leadership positions in banking organizations means missed opportunities.
  • Companies with greater leadership diversity are more innovative and profitable.
  • Commitment to diversity should start with the bank’s board of directors.
  • A board that maintains an equal balance between men and women is critical for women to advance into the C-suite.
  • Women tend to underestimate their abilities, while men overestimate them, creating a “confidence gap.”
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