Glass ceiling still deters women from financial services

Financial services struggle to recruit women due to perceived lack of career progression, according to a new PwC report.

The new report issued by the professional services company, PwC, has shown that two thirds of women working in the sector believe they won’t be able to progress into a senior level, resulting in a lack of female applicants as well as more women leaving their jobs.

Through interviewing 8,000 female millennials, the report outlines the financial services’ struggle with attracting and retaining this particular group. The research found that one in five of this demographic would chose not to work in the sector due to its supposed image.

Jon Terry, PwC’s financial services HR Consulting Leader, suggests that: “At a time when financial services firms are finding it difficult to root our aspects of their culture which could lead to excessive risk-taking or regulatory breaches, attracting more women at all levels of the organisation could provide the catalyst needed for a real shift in attitudes and behaviours.