STEM Parents and Women in Finance

Adams, Reneé, Barber, Brad M. and Odean, Terrance (2018) STEM Parents and Women in Finance. Financial Analysts Journal, 74 (2). pp. 84-97.


We show parental careers differentially affect the future career choices of girls and boys using survey data from CFA Institute members. Among CFA Institute members, women are more likely to have a STEM parent (particularly a STEM mother) than men. Relative to the base rates at which girls and boys become CFA Institute members, STEM mothers increase the girls’ rate by 48% more than the boys’ rate; STEM fathers increase the girls’ rate 29% more than the boys’ rate. Our findings are consistent with the hypothesis that early role models, particularly female role models, influence women’s choice of finance careers.

Item Type: Article
Keywords: Women, Gender, Finance, CFA, Investment Industry, Finance
Subject(s): Finance
Date Deposited: 04 Oct 2018 10:51
Last Modified: 04 Oct 2018 10:51
Funders: N/A

Actions (login required)

Edit View Edit View