The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC

Headhunters talk about the push for women bankers

Banks are pushing hard to hire more women at every level, from graduates to seasoned managing directors. Executive search firms can help, by scouring the market for top female talent. But banks must change too.

Across Asia, banks are under growing pressure to hire more women, as well as to retain the female financial talent already on their books. It’s an ambition shared internally by boards and employees, and externally by investors and interest groups.

But it hasn’t been easy. That banks have historically over-hired men and under-hired women is not a cliché but a verifiable fact.

Crowdsourced pay data provider Emolument reckons the ratio of men to women in front-office investment banking jobs falls from 5:1 at the lowest levels (associate, analyst) to 17:1 at the level of managing director. If the first number is a disparity, the second is a chasm.

Plenty of women want to work in the industry. Consider the fact that in 2019, 42% of the students attending Harvard Business School were female. But too few make it all the way to the top. In a 2018 report, McKinsey found that less than a fifth of all C-suite executives working in finance were women.

Clearly, somewhere along the way, a lot of that early-and-eager talent is lost or frittered away.

Natasha Madhavana Selby Jennings.jpg
Natasha Madhavan, Selby Jennings

Most banks are painfully aware of this discrepancy.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree