Welcome to the Chilli Pepper Global Blog

Everything you need to know to secure the right job and negotiate the highest salary in Investment Banking.


Step-by-step support from initial application to interview technique and final offer.

Friday 3 December 2010

Will it always be a Man’s World?

“Some of us are becoming the men we wanted to marry!”

A couple of weeks ago I was very fortunate to be able to attend the 30th Anniversary of Women in Banking and Finance (WIBF) http://www.wibf.org.uk/ held at the House of Lords in Westminster. I listened with great interest to guest speaker and Patron, Baroness Fritichie who talked about a number of changes which have greatly improved the rights and status for women in the 21st century.

Did you know?
  • It was in 1973 that women were admitted onto the floors of the London Stock Exchange for the first time.
  • From 1975 it was made illegal to sack women for becoming pregnant.
  • Barbara Castle as Secretary of State for Employment introduced the Equal Pay bill which was enacted in 1975 together with the Sex Discrimination Act. This Act made it illegal to discriminate against women in employment, education and training.
  • In 1979 Margaret Thatcher became the first female Prime Minister.

The banking industry was soon to become one of the largest employers of women but still the number of women in senior managerial positions was less than 1%.

This figure has risen over the years and according to a recent article in the FT.com at 13.6% the UK has the sixth highest proportion of women at board level in Europe, however this figure accounts for just one woman on the board in 84% of British companies and only 17.5% have more than three so will this figure improve over the coming years?

The European Commission has warned this year that if companies did not move voluntarily to ensure gender balance on executive boards, it might force them to do so. Read the complete article http://www.ft.com/cms/s/0/5bbf3712-f0ec-11df-bf4b-00144feab49a.html#ixzz15Od8p6ws

Whilst it would seem that women have come a long way in a ‘Man’s World’ they still have a distance to go until they achieve equality.

Baroness Fritichie ended her speech with the following poem which she wrote about 15 years ago when she reflected on the life that she had intended to live!

Someday My Prince Will Come

Someday my prince will come they said when I was small.
Brave and true, kind and strong, handsome, dark and tall.
I’m only a woman doing my best, waiting for my turn.
Supporting, listening, smiling, nodding, and knowing I have much to learn.
Only men could do the tough stuff, telling others what to do.
I just ran the home, the kids, my job, filled the larder, cleaned the loo.
Along the way I met some stars, pretenders who didn’t tarry.
And then one day I realised I’d become the man I wanted to marry!
By Rennie Fritichie 1996

Nikki Hutchison, founder of Chilli Pepper Global http://www.chillipepperglobal.com/ advising you on every aspect of the job seeking process guiding you step by step whether you are looking to move internally or externally.

No comments:

Post a Comment