GET EMAIL UPDATES FROM POWERTOFLY
By signing up you accept the Terms of Service and Privacy Policy
BROWSE CATEGORIES
GET EMAIL UPDATES FROM POWERTOFLY
popular

Fidelity Investments Is Investing in Women in More Ways Than One: The Importance of Women in Finance

Fidelity Investments aims to make financial expertise broadly accessible and effective in helping people live the lives they want. Fidelity knows that hiring and retaining women at all stages of their careers is essential in achieving this mission and providing all of their customers with the best possible experience.


President of Personal Investing at Fidelity Investments, Kathy Murphy, explained it like this: "We need to stare down and change the traditional Wall Street stereotypes of what the financial services industry stands for. For example, our mission at Fidelity is to help improve the financial futures of millions of hard-working Americans who turn to us for help with their savings and investments, so they can build a better future for themselves and their families. These men and women — of different ethnicities and ages — all need our help, and the significant demographic changes underway underscore the importance of diverse and inclusive perspectives."

A key asset in serving our evolving population successfully is to have a workforce that reflects and understands the needs and challenges of all demographics.

"In my view, women have been underserved by financial services for decades," Murphy says. "I don't think it was intentional, but finance has been an industry largely run by men for the last 70 to 100 years. If you don't have diversity of thought, you'll do it in a way that's natural to you."

In order to foster this diversity of thought, Fidelity has enacted programs such as RESUME to help make their workforce more inclusive. RESUME helps job seekers who have taken a career break to find a job and reacclimate to working in financial services. This program is open to anyone who has taken a career break, but it is especially helpful for working mothers who left the workforce to take care of children.

"Our traditional recruiting process is not making it easy for [women] to come back, so we need a program like this that embraces their career gap and provides a customized program to help them reactivate those skills and experience and then their careers accelerate faster," Fidelity Recruiting Director Rachel Book said.

While Murphy and her team are working diligently to both make an impact on diversity in business and maximize women's potential in the workplace, they are not the only ones who understand how important it is—especially in the financial services industry.

A recent US News article, How Women Are Creating Success in Financial Services, explains that, "as the gatekeeper to wealth, the financial industry is in a unique position to improve diversity by supporting women inside the industry and investing in women-owned businesses outside of it." When you support a woman entrepreneur, it creates a ripple effect: not only is the woman positively impacted, but so is her family, her community, and the local economy.

By supporting women who work at Fidelity, Fidelity is helping to elevate women's careers and economic opportunities by setting a standard in the financial services industry.

Fidelity does this in part through their Women's Leadership Group (WLG), which embodies the spirit of "women supporting women." It covers all aspects of navigating the workplace. The group houses various committees around specific initiatives such as career advancement, allyship, and internal and external engagement. WLG members can get involved in at least two opportunities each month, ranging from coffee dates that foster connections to TED-style talks and hearing from guest speakers.

WLG also focuses on how women can add unique value to Fidelity and support the company's business and marketing objectives — which in turn gives more women the opportunity to rise to leadership positions.

All of these initiatives allow Fidelity to better serve their customers and make the company a great place for women to work. For Kathy Murphy, a leader in financial services herself, it's all about paying it forward and getting more women in leadership roles: "My leadership path in financial services would not have happened without the active support of bosses who saw potential in me and gave me opportunities to grow, develop, and challenge myself to reach my full potential. That's why I'm so passionate about development and mentorship programs and the opportunity we have to elevate and improve the whole industry."

---

If you're eager to join a company that prioritizes women's career growth and potential, and will give you the opportunity to help customers live the lives they want, check out Fidelity's open roles here.

popular

How These Companies Are Celebrating Asian American and Pacific Islander Heritage Month

According to a recent study, anti-Asian hate crimes have risen 150% since the pandemic started. But these acts of violence are not new — they are part of a much larger history of anti-Asian racism and violence in the U.S.

That makes celebrating Asian American and Pacific Islander Heritage Month (which was named a month-long celebration in May by Congress in 1992 "to coincide with two important milestones in Asian/Pacific American history: the arrival in the United States of the first Japanese immigrants on May 7, 1843 and contributions of Chinese workers to the building of the transcontinental railroad, completed May 10, 1869") this year all the more important.

READ MORE AND DISCUSS Show less
MURAL

Insider Tips for Your Interview Process at MURAL

In this video, you'll hear super valuable insider tips from Manisha Bavabhai, Meli Comparini, and Catie Ross, recruiters at MURAL—a digital workspace for visual collaboration that enables innovative teams to solve important problems.

READ MORE AND DISCUSS Show less

LGBTQIA+ Inclusion In The Workplace

As we celebrate Pride this month, we should also take time to reflect about the practices— or lack thereof— at our companies that help to support and empower members of the LGBTQIA+ community all year round. (LGBTQIA+ stands for lesbian, gay, bisexual, transgender, queer, intersex, and asexual. There are other variants of this acronym such as LGBT, LGBTQ, and LGBTQQIP2SAA, which all refer to the same community.)

From the Stonewall Uprising to the United States' Equality Act, we've come a long way, but the staggering statistics around the LGBTQIA+ community in the workplace tell us that there is still work to be done.

READ MORE AND DISCUSS Show less
Clarus Commerce

Architect, Senior Developer, or Engineering Manager?

Clarus Commerce's Nupur Daruka on Finding Your Next Growth Opportunity

Nupur Daruka is someone who loves learning new things. That's true when it comes to remodeling her house—she's just finished her kitchen, having mastered tiling backsplashes, and is moving on to her basement, where she's focused on flooring—and to how she approaches her work.

As an Engineering Manager at loyalty and subscription software company Clarus Commerce, Nupur is responsible for helping other people lean into opportunities to learn new things, too.

READ MORE AND DISCUSS Show less
SoundCloud Inc.

Latinx Professionals: How to Bring Your Authentic Self to Work

In this video, you'll hear insight from Karli Henriquez, Senior Manager of Artist Relations at SoundCloud, into what it's like to work at SoundCloud as a Latinx professional.

READ MORE AND DISCUSS Show less
© Rebelmouse 2020