First and Last Name/s of Presenters

Sephorah AlouidorFollow

Title of Poster or Paper

Black Women on Wall Street

Mentor/s

Prof. Alicja B. Stannard Prof. Brent J. Little Prof. Mary E. Ignagni

Participation Type

Paper Talk

Abstract

There is a history of underrepresentation of black women in leadership positions on Wall Street. Based on past studies, less than 10% of black women are found in senior leadership roles in the finance industry. This research paper explores the cause and the impact of the lack of diversity in leadership roles in Wall Street on black women and attempts to provide a solution to this issue. Ultimately, this injustice affects black women financially because of a block in their career advancement, mentally due to the sense of estrangement derived from the lack of representation and socially as it showcases that black women still suffer from racial and gender discrimination.

The results of this study suggest that in order to increase diversity in Wall Street, on top of networking opportunities and sponsorship programs, scholarship programs from Wall Street banks should be given to stellar black females in order to pursue their MBA; scholarships and financial analyst internship programs for black women should be presented at different universities; and at the firms, therapy sessions should be provided, leaders should be encouraged to increase diversity and one-on-one effective mentorship programs should be made accessible to black women in order to guide them into potentially occupying senior leadership roles.

College and Major available

Business Economics, Finance BS

Course Name and Number, Professor Name

HN300, Prof. Stannard, Prof. Little

Location

Digital Commons

Start Day/Time

5-5-2021 1:00 PM

End Day/Time

5-5-2021 4:00 PM

Students' Information

Sephorah Alouidor, Business Economics and Finance, Honors Student, 2021

Honorable mention, Most Meaningful 2021 award.

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May 5th, 1:00 PM May 5th, 4:00 PM

Black Women on Wall Street

Digital Commons

There is a history of underrepresentation of black women in leadership positions on Wall Street. Based on past studies, less than 10% of black women are found in senior leadership roles in the finance industry. This research paper explores the cause and the impact of the lack of diversity in leadership roles in Wall Street on black women and attempts to provide a solution to this issue. Ultimately, this injustice affects black women financially because of a block in their career advancement, mentally due to the sense of estrangement derived from the lack of representation and socially as it showcases that black women still suffer from racial and gender discrimination.

The results of this study suggest that in order to increase diversity in Wall Street, on top of networking opportunities and sponsorship programs, scholarship programs from Wall Street banks should be given to stellar black females in order to pursue their MBA; scholarships and financial analyst internship programs for black women should be presented at different universities; and at the firms, therapy sessions should be provided, leaders should be encouraged to increase diversity and one-on-one effective mentorship programs should be made accessible to black women in order to guide them into potentially occupying senior leadership roles.

 

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