Back to blogs

Women in Quants

Posted on January 2020

Women in Quants

The quants gender divide

A lack of females in the financial industry has long been an issue, and the quantitative finance sector is no stranger to this. In fact, quantitative finance is rated as one of the top-three financial sectors with the least amount of female representation at just 21%; behind Trading and IT.

In fact, the number of women working in computer science-related professions has actually decreased since the 1990’s dropping from 35% to below 25% in the last 15 years. This decline presents a commercial risk to organizations. Studies by Catalyst show that Fortune 500 companies with the highest representation of female board directors attained significantly higher financial performance on average than those with the lowest female representation on the board. Their report stated that, on average, companies with the highest percentage of female board directors outperformed those with the least by 53% based on return on equity, 42% based on return on sales, and 66% based on return on invested capital. Financial firms need to invest in diversifying their top talent to remain competitive. 

Find out more about female quant talent.

Market Themselves to Female Graduates

One main way to advance women in the quant industry is by empowering female graduates to pursue careers in this field. At Selby Jennings, we believe in the importance of fostering diversity and inclusion in quantitative finance. That's why we offer tailored support and guidance to female graduates, helping them navigate the industry and secure top roles at leading financial institutions. By marketing ourselves to female graduates and showcasing the opportunities available, we can encourage more women to join the ranks of successful female quants and create a brighter future for all.

Develop Professionals from Other Fields

Another way to promote gender equality in the quant industry is by developing professionals from other fields. At Selby Jennings, we recognize that diverse backgrounds and experiences can bring unique perspectives to quantitative finance.

We actively seek out individuals with non-traditional backgrounds, such as physics, engineering, or computer science, and provide them with the training and resources they need to succeed in the field. By doing so, we not only increase diversity but also cultivate innovative thinking and problem-solving skills that benefit both our clients and the industry as a whole.

Also find out more about why quant professionals are a great long-term investment.

Promote Women into Leadership Facing Roles

To truly drive change, we must promote women into leadership-facing roles where they can inspire and mentor others. At Selby Jennings, we advocate for women to take on senior positions, such as portfolio managers, traders, and heads of quantitative research.

These roles allow them to shape the direction of their teams and organizations, creating a ripple effect that benefits the entire industry. By elevating women to leadership positions, we can foster a culture of inclusivity and pave the way for the next generation of female quants.

Explore our Quant roles available.

Why Choose Us?

At Selby Jennings, we pride ourselves on being a champion for women in quants. Our team of experts has a deep understanding of the industry and is dedicated to helping women succeed in this exciting and rewarding field. We offer tailored support and guidance to help women overcome the unique challenges they face, and work closely with leading financial institutions to create opportunities for growth and development.

By choosing Selby Jennings, you'll gain access to a network of industry leaders, cutting-edge insights, and unparalleled support to help you achieve your goals. Simply request a callback or submit a vacancy today to get started.

How to improve gender diversity in quants

So what is the root of this decline and what can be done to improve the attraction and retention of quants talent in financial services? Our guide highlights data and interview responses from industry-leading female quant talent, as well as recommendations for addressing diversity challenges in the quants industry. The Women in Quants report makes top recommendations that include:

•What quants can learn from life sciences

•How 'real' diversification impacts the bottom line

•How to implement successful recruitment practices

Complete the from below to download our guide to learn more from industry leaders about strategies to attract and retain diverse quants talent.