Photo by PATRICK T. FALLON/AFP via Getty Images
–
Ark Invest’s Cathie Wood, one of the few influential women in finance, has specific tips for women on how to advance in the industry.
In an interview with TIME magazine, she said, “Work hard, keep your head down, and make your boss look good.”
But she also advised women to quit if their bosses don’t offer “growth opportunities.”
–
Women who work in financial services should make their bosses “look brilliant” if they want to get ahead, said veteran investor Cathie Wood. in one Interview with the “TIMEHowever, Ark Invest founder and CEO also advised women to quit their jobs if their bosses don’t offer them “growth opportunities.”
Wood, who founded Ark Invest in 2014, is one of the few women to run a high-profile wealth management firm. Among the followers of the r/WallStreetBets subreddit She has many fans and rose to fame after successfully betting on Tesla and Bitcoin.
When asked about the lack of women in the upper echelons of the financial services industry, Wood told TIME, “As far as my own experience and advice goes, it’s work hard, keep your head down, and make your boss look good stands”. But she added: “If your boss doesn’t give you growth opportunities, I would suggest going and one [bessere] find situation. Because I really think our industry is fantastic for women.”
One Knight Foundation studyn from 2021 found that only 1.4 percent of the estimated $82.24 trillion in assets under management were managed by a woman- or minority-owned company. Deep-rooted stigmas and structural societal inequalities are some of the barriers behind the “glass ceiling” in many industries, the report says.
Wood said wealth management could be a “wonderful” industry for women if they could put themselves in a situation where their achievements were measured objectively. To get there, she suggested going through wealth management positions such as portfolio managers and research analysts.
read too
