It is vital that companies recognize the value that women bring to the industry and actively work to provide them with equal opportunities for career growth and the same platforms as men
Women have long faced significant challenges when it comes to breaking and advancing within the finance industry. However, things aer starting to look up. Women are breaking through the glass ceiling and shattering stereotypes, proving that they are just as capable as their male counterparts. Nonetheless, there are still biases and systemic barriers that can make it difficult for women to thrive.
One of the biggest hurdles is the prevalence of gender biases such as assumptions that women are not as good at math or sales to outright discrimination. Women are not taken seriously or considered for roles let alone promotions and leadership. Lack of representation in leadership positions can create a self-fulfilling prophecy, where women therefore do not aspire to those roles themselves.
Another challenge for women in finance is the aggressive and competitive culture. While these traits can be beneficial in certain aspects, they can also be intimidating for women who do not naturally fit this mould. This can lead to women feeling like they have to ‘act like men’ to succeed.
To women who are pursuing a career in finance or even just thinking about starting one, here are a few tips that I believe can help you succeed:
Broaden your network: Connect with other women in the industry and seek out mentors who can guide you and offer valuable advice. Building a strong professional network can open up new opportunities and help you navigate challenges along the way.
Be curious: The financial sector is constantly evolving, and it is important to stay up-to-date with the latest developments and trends. Seek training and development opportunities, attend industry events, and expand your knowledge.
Get comfortable with technology: To succeed in finance today, it is essential to be technologically proficient. By adopting new technologies and staying up-to-date, you can demonstrate your competence and value to your colleagues and employers.
Take calculated risks: Do not be afraid to take some bold steps. It is essential to go beyond your comfort zone and embrace new challenges. Seize opportunities with confidence and take calculated risks to propel your career forward.
Achieve success on your own terms: While competition can be motivating, staying focused on your long-term career goals and doing your best within your own capacity can help you avoid distractions and maintain a sense of calm.
Find work-life balance: Balancing a demanding career with other aspects of your life can be a challenge, but it is important to prioritize self-care and find balance. Set boundaries, delegate tasks when possible, and make time for the things that matter most to you.
Think differently and embrace innovation: In today’s rapidly evolving finance industry, the ability to think differently and embrace innovation is essential for success. Women are particularly well-suited for this, as we have a natural inclination towards creative thinking and developing novel solutions to complex problems.
CHRO
Godrej Capital
Remember, success in the financial sector is not just about skills and knowledge, but also about resilience, grit, and determination. Creating a truly diverse and inclusive workplace in the finance industry requires a joint effort from both women and companies. It is vital that companies recognize the value that women bring to the industry and actively work to provide them with equal opportunities for career growth and the same platforms as men.
At Godrej Capital we have been actively working towards eliminating any barriers that hinder women’s growth and ensuring a workplace that is inclusive and diverse. Our commitment is evident through the implementation of innovative programs such as the ‘Headway leadership development program’ for women, SheRises our women’s ERG all aimed at inspiring and empowering our women. Aside from that, there are several work-life balance benefits and offer of flexibility tailored to the needs of women.
A last message for the women out there – You can achieve greatness. You possess the skills, knowledge, and ambition necessary to make a significant impact in this industry. Stay true to your authentic self, take calculated risks, and embrace failures as opportunities to grow. Remember to lift other women around you and celebrate your successes along the way. You have the power to make a difference.
