Senior Partnerships Adviser
The Australian Financial Markets Association (AFMA) and Women in Banking and Finance (WiBF) recently released a set of initiatives that aim to attract more women into graduate positions in the banking and finance industry.
With industry leaders identifying workplace diversity as a key priority in the future development of the industry, AFMA and WiBF collaborated to respond to the challenge of attracting female graduates.
Research has confirmed that institutional and investment banks do not attract as much interest from female graduates as they do men, with a range of factors influencing female students’ assessment of careers within the industry including the perception that the industry lacks flexibility and is non-inclusive of women.
To improve students’ understanding of the industry, including the types of roles available, an online information resource is being developed to provide factual information about specific roles for graduates within the industry, as well as the industry’s critical role in promoting high productivity and a competitive economy.
The associations will also be engaging with universities and business schools to understand their needs and the challenges their business and finance graduates are facing.
“If we are to have greater diversity in the industry, we need to attract more women at the graduate level,” said Amanda Dobbie, Chief Executive Officer of WiBF.
“We believe an engaging and creative program in conjunction with the universities and business schools will assist in providing transparency about day-to-day work and the many careers available within the industry.”
More information on the initiatives for attracting women into the banking and finance industry can be found on the Women in Banking and Finance website.