The financial services industry has one of the hardest glass ceilings for women to break through of any industry, according to a survey by Edward Jones. Nearly two thirds (65 percent) of the respondents believe women still face barriers to career advancement in the workplace.
When asked to rank the three industries that presented women with the most problems, financial services, professional services and technology topped the list, according to Edward Jones, a financial services firm. The survey queried 1,010 adults almost evenly split between men and women.
The major factor holding women back, according to 83 percent of the respondents, is a male-dominate workplace. Other leading factors included the effort it takes to juggle family and corporate responsibilities (73 percent), inadequate policies for such things as maternity leave (62 percent), and a lack of adequate mentoring or a defined career path for women (56 percent).
When asked which part of a career is most important to them beyond compensation, 49 percent of the women cited an entrepreneurial work environment. Slightly more than two-thirds of the respondents said women are more ambitious for advancement than men.
Seventy-one percent of respondents between the ages of 55 and 64 believe there is a glass ceiling for women, and 70 percent of those over age 65 believe that’s the case. Among those between the ages of 18 and 34 years of age, 60 percent believe there is a glass ceiling for women.
Edward Jones has a number of programs to promote diversity, including the Women’s Initiative for New Growth Strategies, a network of women advisors who recruit and mentor other women advisors, the firm says.