Three Unusual Virtues Empowered Women in Banking Industry Have

Empowered

EmpoweredWomen in male-dominated industries tend to share the same kind of challenges: lack of wage equality, glass ceiling, the limited number of role models, and even outright sexism.  Compared to the accessible talent pool, the share of women on executive boards of banks and banking supervision agencies is very low. Worldwide, women acquire less than 20 percent of the board seats in banks and banking supervision agencies. This contrasts with the sizeable supply of women with relevant degrees. According to the 2017 World Economic Forum’s Global Gender Gap Report, “Female talent remains one of the most underutilized business resources.” In some particular industries, like finance, this is especially clear. In finance and banking, as career level rises, female representation declines. Although 46 percent of financial services employees are women, at the executive level, it is only 15 percent.

Despite remarkable progress, banking remains male-dominated, especially at the top. Although it is glad to report improvements, there are still problems women face in male-dominated industries like banking. Those problems include unequal pay, lack of opportunities, and too few female role models. There are some more serious issues, too. Such as, do you get interrupted at meetings more than your male counterparts? Is your approach to work-family balance discussed or even scrutinized openly? What about your marital status? Do you end up doing the office dishes?

But as we are heading towards development, we still feel confident that many people do not want to create, contribute to, or experience gender-based conflicts or discomfort. In that spirit, we would like to focus not on the problems related to being a woman in banking, but on the advantages. Through this article, you will get to know some of the unusual advantages of being a woman in the banking workforce, and how you can leverage these strengths to help solve other gender-based problems.

Here we will talk about three unique advantages women in Banking Industry have, and how to leverage them to address those persistent workplace problems.

 

1.Your Brain May Work Differently – Women are good at multi-tasking!

According to research by Penn Medicine, men’s and women’s brains have striking differences, and the most interesting part-Those differences are complementary. For example, women are inclined to have more connections “between the left and right hemispheres, suggesting that they facilitate communication between the analytical and intuition.” The study reveals that men are better at learning and performing a single task at a time, while women carry better memory and social cognition skills. In this example, women are inclined to be better at multi-tasking and creating solutions that work for a group. Women also perform better at processing complex information quickly, the study reveals, while men may be better at prioritizing execution.

 

2.Greater Emotional Expressiveness Can Serve You and Your Team Well

Over the years, studies have found that women are more emotionally expressive. That does not mean that women are fundamentally more emotional than men, but that they carry the potential to express those positive and negative emotions more clearly and openly, with smiling or other facial expressions. Other studies have also discovered that women tend to communicate more actively than men and women use up to 8,000 words every day, and 10,000 gestures, while, on the other hand, men use less than half that many – 4,000 words and 3,000 gestures. There are numerous advantages of increased expressiveness. Good and active communication tends to be very helpful to improve culture, strengthening team spirit, highlight problems earlier, and ensure alignment. 31% of respondents to a Pew Research survey say that women are better at being honest and ethical in business, and 25% believe that women are better at nurturing employees.

 

3. Your Strategies May Be Less Risky, but More Fruitful

Research has found that men carry a tendency to take more risks than women. This difference tends to be exaggerated in stressful situations, meaning that in any tense situation, it may be proven helpful to have women colleagues involved in the discussions and decision-making. Women carry less tendency to risk-taking. Women are not as risk-averse, especially in a business environment, as people think. Women and men both do take calculated, considered risks, and this is a shared advantage. It is a fact that women tend to be less risky but arguably more successful investors. Women are also called the “secret weapons” in the financial world, because of their approach to risk and some of the other factors discussed above.

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