GENDER DIVERSITY IN TODAY’S FINANCIAL SERVICES INDUSTRY | 07 Attrition Early-tenure attrition for women is equal to or lower than it is for men across all subsectors. Attrition, % lost Women Men Asset management and Banking and Insurance wholesale banking consumer finance 18 16 14 14 13 13 13 13 12 12 12 12 11 11 11 11 11 11 11 10 10 10 10 10 10 9 9 9 8 8 Entry Manager Senior VP Senior Entry Manager Senior VP Senior Entry Manager Senior VP Senior level manager VP level manager VP level manager VP Source: Women in the workplace 2017, a joint report from LeanIn.org and McKinsey, 2017, womenintheworkplace.com Promotions Early-tenure women are promoted at lower rates than men across all subsectors. Management promotions, % promoted Women Men Asset management and Banking and Insurance wholesale banking consumer finance 10 9 9 8 8 7 7 7 6 6 6 5 5 5 4 4 4 3 3 3 3 2 2 1 Manager Senior VP Senior Manager Senior VP Senior Manager Senior VP Senior manager VP manager VP manager VP Source: Women in the workplace 2017, a joint report from LeanIn.org and McKinsey, 2017, womenintheworkplace.com
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