After a 25-year career in the finance industry, he started Wall Street Bound in 2019 to empower young people and impact the lack of diversity he encountered. Raised in the Bronx, he landed on Wall Street and grew tired of being one of the only people of color on the trading floor.

Eighty percent of their participants remain in the finance industry. To date, GWI has worked with more than 800 women from 193 universities and colleges. 'It broadened my perspectives on the opportunities that are available in finance, especially as an undergrad coming right out of school,' Loyst shared. Meagan Loyst, a Finance and Information Systems major at Boston College, had an opportunity to evaluate the pros and cons of working in the hedge fund industry first-hand because of her experience with GWI. Participants are introduced to core finance and investment principles allowing them to explore careers in the field of finance. Like the Greenwood Project, the GWI Summer Intensive Program offers four weeks of educational training with a six-week internship. To achieve that goal, GWI offers a 10-week paid internship for college sophomores. With more gender diversity, you get better outcomes,' Hingorani added. 'Gender diversity matters and it makes business sense. Their ambitious goal is to recruit women in positions managing 30% of the world's investible capital by 2030. She started GWI to address the challenges.Įstablished in 2015, GWI partners with over 100 firms to spread the word and convince women that careers in finance can be stimulating, rewarding, and impactful. Hingorani suspected there may have been more to the problem. It seems women were not applying for positions in great numbers. 'I would sit down with mostly men and ask where are the women on your investment teams,' she shared on the website. After rising through the ranks to CIO of Citi in New York, she began to realize how underrepresented women were across all asset classes. Before attending law school, she took a trajectory changing job on Wall Street and found her passion in asset management. Girls Who Invest (GWI) founder, Seema Hingorani, initially wanted to be a lawyer. Wayne recently graduated from Bradley University and has accepted a position with Citigroup as an analyst.

'None of the opportunities I have now would have been possible with out Greenwood,' she added. 'When I joined the program, I had no intentions in finance,' she told ZDNet. Brandy Wayne was part of the initial cohort for the high school program in the summer of 2019. Fifty percent of their recruits are women. The project has a 90% retention rate from high school through college and 100% of the graduates are working full-time in the financial service sector. 'The Greenwood Project's high school program reaches students at a pivotal point in their academic journey, when skills-based training and exposure to new opportunities can open pathways to success,' said Gerald Beeson, COO of Citadel in a press release. Currently the Greenwood Project works with 50 corporate partners including Citadel Securities. Next year, lucky interns will have a chance to travel to London. From there, they will complete a six-week paid internship at financial service firms in Chicago, New York City, Denver, or Las Angeles. This year, 75 students are attending a four-week training program housed at DePaul University. Greenwood College Scholars are recruited nationally. Only 23% of management positions are held by white women, 9% by men of color, and 4% by women of color. While that sounds impressive, the overall numbers show progress is still needed. The number of C-suite positions occupied by women increased by 50%.

In the past three years, the number of women at the senior vice president level grew by 40%. Such gains are also translating to upper management - somewhat. Women, in banking services for example, comprised 52% of the those positions according to a 2021 report authored by McKinsey and. Gender-based diversity among entry-level positions in the financial services industry is leveling out. ZDNet found three non-profits that are making inroads towards diversifying the finance industry. But a growing number of organizations are forming across the US to encourage women and people of color to consider a career in the financial services industry. The financial services industry in the US has traditionally been a sector overwhelmingly dominated by white men (picture the trading scenes in such movies as 'The Wolf of Wall Street' and 'Boiler Room').

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