Career advancements often don’t come easily for women, what with facing gender discrimination on the job, struggling with pay inequality, and even dealing with sexual harrassment. If these obstacles were not enough, several female professionals also must confront the reality of the glass ceiling, the notorious barrier to achievement that often holds women back from reaching executive roles in corporations. Still, even for those high-performers that are able to successfully break the glass ceiling and take on top roles, far too many competent women are faced with yet another massive career challenge: the tricky paradox of the glass cliff.Continue reading
Finance has always been a male-dominated profession, especially when it comes to positions of power. Women in finance face multiple hurdles on their way to the top. They are often underestimated and expected to work harder than male counterparts to prove their worth. Additionally, women are often held to different standard and even simply overlooked when it comes to rising up in a work environment. These facts are supported by statistics, which show that even though women are actually 3 percent more effective than men in terms of leadership, only about 3 percent of top company CEOs are women.
If you want to make it big as a woman in finance, then consider finding a role model or mentor. Here are five women who have shattered traditional perceptions and made a name for themselves in the investment world:
Abigail Johnson, Chairman and CEO, Fidelity Investments
Called “the most influential woman in finance” by Boston Magazine, Abigail Johnson is a force to be reckoned with. Fidelity Investments is a 72-year old firm, but Johnson is “determined to remake her family’s company for a new generation. And she’s willing to shake up the old-boys club to do it.” She has been featured on many Forbes’ lists, including Forbes Most Powerful Women of 2018 with a rank of #5.
After over 30 years of working at Fidelity under her father, she was named CEO in 2014, and Chairman in 2016. Johnson is famous for pivoting away from traditional Fidelity strategies, and in her first year as CEO, Fidelity saw profits of over $5 billion for the first time ever. Apart from being an undoubtedly stellar female businesswoman, Johnson works with youth organizations to promote financial services as a career choice for young women through Fidelity’s Boundless program.
Linda Bradford Raschke, Professional Trader
Professional trading is a difficult field. Al Hill, co-founder of TradingSim writes, “First off, trading is honestly worse than a sales job or entrepreneurship when it comes to steady income. The level of uncertainty can be unbearable if you have never gone without a steady paycheck.” But the level of unpredictability didn’t stop Linda Bradford Raschke, who has made it to the top as a professional trader.
Starting off as a trader in the early 1980s, Raschke worked as a market maker for stock options. After working at the Pacific Coast Stock Exchange and then the Philadelphia Stock Exchange, she became a self-employed day trader. She has written a book on trading strategies that is widely featured in the media and is often called upon to lecture on trading for many renowned organizations like Bloomberg. Even though she is retired today, her legacy included two financial firms that bear her initials LBRGroup, Inc., a commodity trading advisor, and LBR Asset Management, a commodity pool operator.
Lubna S. Olayan, CEO, Olayan Financing Company
Lubna S. Olayan is the CEO of one of Saudi Arabia’s top companies, Olayan Financing Company. Not only is she responsible for 50 manufacturing companies, but she has also been featured on the Forbes’ “Most Powerful Women” list. Olayan is a great example of breaking barriers. As a Saudi woman in the 1980s, working in business was not considered socially acceptable. Even today, it is still rather uncommon for Saudi women to work outside the house.
But Olayan didn’t care much for these societal restrictions and didn’t let cultural perceptions get in her way. Today, she employs over 540 women in her company and is a strong advocate for women in the workforce. Her skill and perseverance led her to become the first female board member of a Saudi public company, Saudi Hollandi Bank in 2004. She has also served as a board member for Egyptian Finance Company and the investment bank Capital Union.
Aileen Lee, Founder and Partner, Cowboy Ventures
Featured on Forbes’ Midas list, Aileen Lee is the cofounder of Cowboy Ventures. According to Forbes, “Lee secured the #97 rank thanks in part to her investments in Bloom Energy, which could list on the public markets as soon as May and was most recently valued at about $3 billion; Dollar Shave Club (acquired by Unilever for $1 billion in 2016); and Rent the Runway, which raised funding this year at an estimated valuation of nearly $800 million.”
Sound investments aside, it is worth noting that Cowboy Ventures in one of the first VC firms to be launched by a woman. Previously, Lee worked at the prestigious firm Kleiner Perkins Caufield & Byers for 13 years. As a champion for women in the workplace, Lee is also a founding member of All Raise, which runs a one-on-one mentorship series for women in investment called “Female Founder Office Hours.”
Marie Chandoha, President and CEO, Charles Schwab Investment Management
With over 35 years of investment experience, Marie Chandoha was named CEO of Charles Schwab Investment Management (CSIM) in 2010. Chandoha got where she is today by taking risks. For instance, as stated by Forbes, “she once took a role at a company heading an underperforming department. She knew the job could disappear if she didn’t turn the unit around and the parent company collapsed it.” Instead, Chandoha successfully made the department profitable again, allowing her to move on to other roles.
Prior to joining CSIM, Chandoha was the global head of the fixed-income business at BlackRock (formerly Barclays Global Investors). Chandoha is a strong businesswoman, but also has an innate concern for the well-being of others. She acts as a mentor to many women colleagues and encourages them to take career risks and stretch themselves. She is also an advocate of sustainability and owns a ranch with her husband dedicated to sustainable farming practices.
Being a woman in investment is no easy feat. With a multitude of various obstacles along the way to the top, much still needs to be done to even the playing field between men and women in business. That being said, if you’re a woman in finance looking to shatter the glass ceiling, don’t lose hope. After all, as proven by these five titans of the investment world, sheer grit and determination can lead to success.
When you grow up
You spend your life trying to figure out what you’re going to be when you grow up. Maybe you know from the get-go or maybe, like me, you are just trying to figure out the next step along the journey.
When I was little, I never really had a clear idea of what I wanted to be when I grew up. I thought, “I could be a ballerina, or maybe a teacher, or a doctor, or a secretary.” Every time I picked something, I felt like I was jumping in a category of people and nothing felt just right. What if I started a job when I was 22 and woke up ten, twenty, thirty years later and decided it wasn’t for me? In some ways, I feel like my early career has been dictated by the fear that I will have to choose something and stay with it… for the rest of my life.
When I was 18, my mom (age 48) decided to quit her job and go back to school to become a doctor. Nobody knew how this was going to go.
There was only one school that accepted her, so clearly not many places thought she could do it, right?
How can someone reinvent themselves just like that?
Last year, my friend Aaron lost his job at age 52. He told me, “It’s likely the best years of my career are behind me now, Kirsten.”
When we live to be a 102, how can the best years of our lives be behind us at age 52?
One day while my uncle drove me to the airport, he said he wished he could find work he really loved. “I love antiques, but where are the jobs in antiques? Plus, who would hire a guy in his late fifties anyway? I’m worthless on the job market.”
Do you know the feeling? You have experience, and yet somehow it doesn’t mean anything?
So what’s left for you?
While I was in grad school at UC Berkeley, I studied demography, or population studies. In one class, the professor put up a picture on the screen and said, “The U.S. population is aging. We know it, we can see it, and the only way we are going to be able to survive it is if you go out and make better institutions.”
When I look at these four situations, I think, “There’s got to be a way that we can live that supports us in finding something we care about and can make a living doing, no matter how old we are, no matter what stage in life we are in.”
Now there is.
Whether you’re looking for a new story, sending kids off to school, leaving a long standing career for retirement, or something else entirely, you can reinvent yourself. This is something I believe deeply.
Launched in 2018, Aging Courageously will inspire and strengthen you to make your dreams real at EVERY age. Rather than follow the social momentum of slowing down as you get older, with Aging Courageously it’s never too late to feel engaged and passionate about your life.
Who am I?
I’m Kirsten. I guide people in restoring their sense of self through major life changes.
How did this become my life?
As I said, when I was little, I felt like every time I considered a career for myself I was deciding on something that would stick for the rest of my life. Honestly, being put in a category like that scared me. So, I decided I didn’t have to just do one thing. I researched brain cancer in a genetics laboratory at Mayo Clinic, curated exhibitions at an Austrian ethnographic museum, worked as the head baker in a farm to fork bakery on a fruit orchard, and got a Master’s degree at UC Berkeley where I studied populations and aging. After it all, I was sure there was something more for me.
That something more turned out to be sharing my own story. I wrote a memoir called “In My Own Skin”. It’s memoir about my story of loss, love, and growing up after my dad died when I was 14 and my family was in a car crash. Reflecting on the choices and circumstances that have shaped my life, I want to help you love who you are and make your dreams possible from where you’re standing right now.
Let’s get this started!
That’s why I started Aging Courageously. Because the best way to grow up to a fulfilled life is to believe it’s possible at ANY age.
And that’s why I’m excited to share stories of Aging Courageously with you, my new friends at Scrappy Women. We know what it’s like to create something from nothing – “to take risks and put ourselves out there;” “to care about something more than we care about being comfortable, socially acceptable, or politically correct;” and “to be absolutely, totally committed to extraordinary results.” As we venture on this journey into the world of aging, grab hold of your scrappiness and dive in. Let’s show the world just how far our scrappiness can take us in living long, healthy, and fulfilled lives.
Stay tuned for my next post about my friend Sherry, a 70 year old “graduating” into entrepreneurship.
(In case you’re curious…Above is a picture of my mom speaking at her medical school graduation.)
Navigating the road to your career is not always easy — especially as a woman. Although we have been pointedly fighting for gender equality in the workplace for decades, if not centuries, there is still a long way to go.
Finding a mentor can help alleviate some of the challenges that come along with finding out how to get where you wanna go. However, finding a mentor can be a challenging process itself. Here is what you need to know as a business woman looking for a mentor.
It’s vital to keep workplace discrimination in mind when looking for a mentor, especially if you’re a woman of color. Plenty of bias, prejudice, and stereotyping go on in the workplace, including persistent pay gaps between men and women. In order to avoid, tackle, and overcome discrimination issues, you must learn to recognize sexism in the office. Examples of gender discrimination include:
- Unequal pay
- Biased interview questions (i.e. do you have kids?)
- Confirmation bias
- Diminished responsibility
- Gender roles and stereotypes i.e. men are strong, women are emotionally intelligent
- Pregnancy discrimination
- Unlawful termination
Hopefully, there are no major signs of gender discrimination in your office, but if there are, know your rights and speak up. You can always talk to the Human Resources department to discuss your options.
When thinking about who you want to be your mentor, keep in mind the people who are doing the discriminating, and take note of who is speaking up. Perhaps a male manager checks the person saying something that can be offensive, perhaps a female manager takes action to make sure it doesn’t happen again. Obviously, you don’t want to have a mentor who will discriminate against you or other women, so try to find someone who can guide you in standing up for workplace rights.
Gender and Female Empowerment
In a mentor, you will want to find someone who does more than stand up for others when they need help. You want someone who will not see you as just a woman, but as a strong, skilled employee. Of course, being a woman is also powerful, so you should look for someone who will help empower you.
According to the findings from research on hostile work environments, “a whopping 84 percent of women have been told that they behave too aggressively, while 47 percent report being asked to do lower level tasks not asked of their male counterparts, like taking notes or ordering food.”
Due to this type of gender discrimination, you should consider gender as a factor in who you choose to be a mentor. If you choose a male mentor, they can potentially help you go after what you want more. The Wall Street Journal reports that “men are more likely than women to feel confident they are en route to an executive role.” In their study they found that men win more promotions, challenging assignments, and access to top leaders than their female coworkers.
Finding a male mentor can help you adopt a strong, confident attitude in the office that can help you further progress in your career. On the other hand, there are definitely major benefits to having a female mentor.
A female mentor is more likely to understand your perspective. They are likely to have experienced workplace discrimination at at least one point or another, and they can help you find ways to conquer it; having a female mentor can help you become the strong career woman you are striving to be.
Regardless of gender, you should look for a mentor who encourages employee development. This can be someone who pushes you and others to look for new opportunities in the office, such as applying for other positions within the company and helping you advance your career. They will be the ones to give you the push you need to get where you want to go, even if it means exploring paths you hadn’t really considered, such as getting a Master’s of Business Administration or another degree relevant to your career.
Being a Good Leader for Other Women
There is no question that the business world needs more women in it, especially in positions of authority. Hopefully, your mentor will help you rise to meet and surpass your goals in your career. This way, you can become a leader, and eventually a mentor, for other employees looking for guidance.
Of course, you should do everything you can to use your position of leadership and power in the workplace to be a good boss to other women and lift up female employees in particular. Washington State University states that being a good leader to other women means fostering “a business environment that invites and involves women in business to gain respect and to feel valued for their contributions, leaders and managers can work to overcome the roadblocks on the way toward building fulfilling careers.”
On your path to finding a mentor and learning where you want to go in your career, make sure to learn from women leaders other than your mentor. Look for inspirational readings from other women, like Inna Rosputnia and Mariellie Rodriguez Mundy. With consideration, patience, and confidence, you can find the right mentor to help you be your best self in the workplace.
There’s a very big, and very important, conversation happening right now around the technology sector. Women are embracing their truths, speaking out, and bringing awareness to the various serious problems that plague male-majority industries.
It’s a conversation that has been long overdue, and it’s bound to lead to some overwhelming changes within the technology (and any other) industry. And it’s certainly true that dismantling the toxic behavior embedding within Silicon Valley culture will help reshape the diversity of the workplace. However, there are other issues still preventing women and people of color from joining the technology field. Continue reading
Contributed article in our career series. Enjoy! – Scrappy Kimberly
Fields like welding can seem challenging for women. While it does have its fair share of challenges, times are changing and more and more women are considering a career in welding. You may have to navigate a bit differently if you want to prevent incidents and perform to the best of your abilities. With that in mind, here are three tips for women entering the welding field. Image Ref: Royalty Free Photo
Have the Right Protective Gear
Women have different frames than man. Not only are they often shorter and lighter, but their hands also tend to smaller.Continue reading
Today, socially responsible companies tend to attract more consumers as well as the best talent, according to a 2015 global corporate social responsibility (CSR) study by Cone communications, a public relations and marketing company headquartered in Boston, NY. The study revealed that consumers are increasingly demanding companies do more to address global social issues (including gender and other diversity inequities), as well as environmental issues. Specifically, 90% of the consumers who took part in the study said they have come to expect companies to participate actively in CSR activities while 84% said they actively seek out responsible products. See the infographic below for all of the details.
To learn more, check out the infographic above created by Norwich University’s Online MBA program.
If you’re not learning, you’re already falling behind. Being an entrepreneur is no walk in the park, especially if you’re a woman. The need for more entrepreneurs in the U.S. is undisputed, and though the rewards and benefits of entrepreneurship are enough to put in the effort, you need an extra edge if you want to be successful.
That’s where the tech industry comes in. Technology is everywhere; there’s no escaping it. Instead of fighting it or just learning the bare minimum, why not embrace this field and go all out? This male-dominated industry is ripe for the influence and innovation only a woman’s perspective can bring.
Tech jobs cannot be filled fast enough and many companies bemoan not being able to find enough qualified workers. Through technology, your entrepreneurial options become endless. All you have to do is take advantage of them.
Beauty and the Tech
Believe it or not, women were the pioneers of the tech industry. At one time, they even outnumbered men in this field. In the past, many women gravitated towards majoring in math, giving them the knowledge and skills that were necessary for computer science.
Women such as Jean Jennings Bartik and Grace Hopper made great advancements in this field, though they weren’t given much credit. Perhaps the lack of known female role models in technology was what led to the eventual decline of women in computer science occupations.
Many tech firms now only sport a 30 percent female employment rate. It was around the late 1980s when female computer science majors dropped below 20 percent. Before that, 40 percent of computer science majors were women.
What caused this decline? During this time, personal computers were on the rise. Steve Jobs and Bill Gates were all over the news, and people took notice. Soon, computers were associated solely with boys and men.
Male students became the top picks of schools with technology programs, and women were left to pursue other degrees. However, things are changing now that the gender gap is becoming a more recognized issue in public discourse.
So now you have an interest in tech, but what exactly do you focus on? There are so many fields in technology to explore, and although you can’t really go wrong with any of them, here are some tech skills entrepreneurs must have to succeed:
- Coding: learning some coding basics can do wonders for your website. HTML and CSS dictate how your site looks and works. Java and Python are other options to look into as well.
- Big Data: Being able to analyze large sets of data and derive patterns from that data is an incredibly useful skill to have. Big data analysis can help you narrow down a target audience and inform business decisions, not to mention getting a leg up on the competition.
- Online Accounting: Every business needs to keep their finances in order, including yours. Find an accounting software that offer billing and receipt tracking features and anything else your specific business requires.
- The Cloud: As technology advances, more and more signs are pointing towards data storage in the cloud. That being said, you’re gonna need to learn how to use Google Drive and Dropbox (both are great timesavers and lifesavers). It makes sharing and storing content much easier.
- Graphic Design: The saying “don’t judge a book by its cover” definitely does not apply to the website of a new business. How your website looks design-wise can be as important as the business itself. Bad website and logo design can be enough to deter many potential customers. So effective content marketing graphics with Photoshop and Illustrator is a must.
- Mobile: More likely than not, there’s probably a cellphone on your person right now. That being said, you need to make sure your business is easily accessible on peoples’ phones. Once your website is optimized for mobile users, your business will be accessible to a much wider audience.
- Email: Email is one of the most important tech skills you can have. It is one of the quickest and easiest ways of communication and can be made even more efficient by learning shortcuts and employing automated emails.
- Social Media: Social media skills are also a necessity to have when trying to get the word out about your business. The benefits of sharing media (such as video) for your business are numerous. You can gather a multitude of useful information from social media free of charge. Plus, it’s a way to better connect with your customers as well.
Remote Working Tip: Did you know now you can work from home at your convenience on your preferred device(PC/android/iOS) by accessing your online private work space with windows virtual desktop from www.CloudDesktopOnline.com with 24*7 dedicated technical support from one of the leading cloud solution providers – Apps4Rent.
Tech Savvy Education
As mentioned before, a career in tech entails a lifetime of learning. Fortunately, there are many routes one can take to gain a better understanding of computer science. There are plenty of free resources, such as tutorials, blogs, ebooks and workshops, that are available to gain a basic understanding of a particular subject.
To get a more in-depth education, it’s best to go to school and major in a degree such as computer science. Whichever path you decide to take, it’s best to set some goals for yourself. It’s important to reach the goals you set to not only boost your confidence, but also to grow personally.
The opportunities for entrepreneurial growth are at its peak, especially if you are a woman. A female perspective is much needed and desired in this industry. Instead of waiting and letting this opportunity pass you by, take the initiative and become the newest pioneer in tech.
ABOUT THE AUTHOR:
Avery Taylor Phillips – Avery is a freelance human being with too much to say. She loves nature and examining human interactions with the world. Comment or tweet her @a_taylorian with any questions or suggestions. Check out her blog on https://www.equities.com/user/AveryTaylorPhillips
There was a time when women were called the “weaker sex” or the “fairer sex,” both implying that she was too weak to do much about defending herself if the need should arise.
Things have changed greatly in the past few decades and women are now better armed than many men and can fend for themselves with the right set of ‘tools.’ If you are a woman in business, chances are at some point in your career some ill-advised robber will try to attack you for perceived money or goods they think you might be carrying. Why not focus on learning the totally legal art of self-defense?Continue reading
As if spending two years researching, writing, collaborating and rehearsing with extraordinary artists wasn’t challenging enough, lately I’ve been dogged with the question – why bother, in these turbulent times, to ‘put on a show’?
BLUES IS A WOMAN is a story I can honestly say that I’ve been driven to tell. The fierce, audacious voices of women in the blues have always inspired me – and of course, carries on the mission of the Wild Women of Song project to honor key women in music.
I began my career as a blues singer: a teenager belting out Bessie Smith and Koko Taylor songs. The fierce, independent messages written and sung by powerful women, helped shape my own identity as a feminist — especially in the mostly-male world of live music in the early 1980’s.
What I did not imagine was just how RELEVANT it all has turned out to be. In Act 2 of BLUES IS A WOMAN, the ensemble turns an eye to post WW2 music and culture. Everything was changing so fast – as soldiers returned home from the war, there was an uneasy feeling that somehow things should, but wouldn’t, go back to the way they used to be. Lots of women didn’t want to give up that factory job. Proud black soldiers couldn’t stomach being called ‘boy’ again.
It was a tectonic shift in American culture – as Aretha sang “Respect” and “Freedom”, protestors took to the streets for Civil Rights and Women’s Rights. Nina Simone’s “Backlash Blues” is an extraordinary cry against political hypocrisy.
Why put on a show about women and the blues? Well, as it turns out, there couldn’t be a more important time to remember and celebrate our cultural inter-connectedness. It turns out this is exactly the right time to celebrate black culture, it’s importance to all popular music, and to hear the voices of powerful women.
ABOUT THE AUTHOR:
Pamela Rose is a professional musician: vocalist, bandleader, songwriter and educator. While performing weekly in the Bay Area, Rose has also been touring nationally with the Wild Women of Song project, a concert series devoted to giving voice to remarkable women in American music.
Thurs Feb 2 – Angelica’s Redwood City, 7:30 to 9:30 pm
Thurs Feb 16 – BLUES IS A WOMAN show debut – Kuumbwa Jazz Club, Santa Cruz, 7:00 pm
Thurs March 2 – Angelica’s Redwood City, 7:30 to 9:30 pm
Thurs March 30 – BLUES IS A WOMAN CD Release and concert – Freight & Salvage, Berkeley, 8:00 pm