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Home โ–ธ ๐Ÿ“• Investment & Financial Dictionary

Glass Ceiling (in Finance)

Investing IQ | July 11, 2022

What is the Glass Ceiling?

The glass ceiling is a metaphor for the invisible but seemingly impenetrable barriers that prevent women from ascending to the highest levels in their professions. The metaphor became widespread in the early 1990s, when it was used to describe the difficulties faced by women working in traditionally male-dominated fields.

Despite the progress women have made in recent decades, the glass ceiling remains a reality for many.

There are a variety of factors that contribute to the existence of the glass ceiling. Some argue that it is due to sexism and gender discrimination. Others claim it’s due to a lack of women in leadership positions, meaning they don’t have the same opportunities as their male counterparts to advance their careers. In addition, there are still many social and cultural norms that discourage women from seeking high-powered jobs.

How to break the Glass Ceiling?

The glass ceiling is a term used to describe the invisible barrier that limits women’s advancement in the workplace. While women have made great strides in recent decades, they continue to be underrepresented in executive-level positions and other well-paying fields. Here are some tips to break the glass ceiling and achieve success in finance and economics.

How to break the Glass Ceiling in Finance and Economics?

The first step in breaking the glass ceiling in the field of finance and economics is to acquire a formal education in the area. Once you have a degree, you are required to gain experience in the field. This is done by doing an internship in an organization or working for a person in the same area. You should also network with people in the industry to advance your own career.

The third step once is to network to achieve your goal of networking with people in the industry to advance your career. Attending events related to finance and economics will make it easier to find job options and improve the resources you already have.

Finally, it’s key to stay persistent and stay focused on your goals. Breaking the glass ceiling is a long-term procedure, but it can be achieved with effort and enthusiasm.

Women who broke the glass ceiling in economics

Examples of women who broke the glass ceiling in the finance and economics industry:

Janet Yellen (Fed)

Janet Yellen. What is Breaking the Glass Ceiling in Finance and Economics? as Fed Chair

Janet Yellen made history by becoming the first woman to hold the position of chairman of the US Federal Reserve. He has had a long and successful career in economics, and many believe he has been able to led the Federal Reserve brilliantly. – See biography of Janet Yellen.

Despite her good grades, some have argued that Yellen’s appointment is nothing more than a symbolic gesture. Critics say her gender won’t influence her performance as Fed chairman. However, there is evidence to suggest that women often bring different perspectives to leadership positions, which can be beneficial for organizations.

Yellen’s appointment sends a message to young women and women around the world that anything is possible. The glass ceiling has been broken, and now more women will be encouraged to pursue careers in economics and other fields previously dominated by men. This is an important step forward for gender equality in the United States and around the world.

> See the full article here: Janet Yellen, breaking the Glass Ceiling as Fed Chairman.

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