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UK – Women overtake men in financial jobs race

21 February 2014

For the first time, the gender balance in the race for jobs in the financial sector has tipped in women’s favour, as figures released by recruitment firm Randstad Financial & Professional reveal that 51% of its registered candidates are female, reports ftadviser.com.

Last year, 1,209 women came onto the consultancy’s books, compared with 1,177 men. The firm’s percentage of female candidates previously stood at 47% from January 2011 to December 2012.

Tara Ricks, Managing Director of Randstad UK, said the rise of female students studying “serious” subjects at university had played its part, as well as “flexible employment policies” at major financial firms.

She added that the emergence of programmes aimed at encouraging female talent was fuelled by the belief that strong business performance was linked to a diverse workforce.

Ms Ricks stated: “There is not an employer in the Square Mile who would suggest diversity is not at the top of their agenda. That is paying dividends.”

The majority (94%) of women surveyed by the firm did not support mandatory quotas that stipulate how many women should be employed by organisations. More than half (58%) of respondents said that women at the top of organisations were good at helping other women climb up the career ladder.

Georgina Partridge, founding partner at London-based Plutus Wealth Management, said: “Once women are in the industry, they prove to be very adept. They are naturally good at empathy and personal relationships, which are central to financial advice.”

KEY FACTS

  • The number of women applying for British universities in 2013 - 333,700
  • The number of men applying for British universities in 2013 - 246,300
  • The rise in the number of women educated at Oxford since 2009 - +6%

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