Women in Asset Management
Women are under-represented in portfolio manager roles to the detriment of asset managers
Like many areas of finance and STEM industries, women are severely under-represented among the ranks of portfolio managers in the asset management industry. According to the Bureau of Labor Statistics, industries with comparable levels of female employment are iron and steel mill manufacturing, mineral mining, cement & concrete manufacturing, and truck transportation. Given the magnitude of this underrepresentation, we studied the financial impact of portfolio manager gender on asset flows to determine whether asset managers could financially benefit from hiring additional women.