…WOMEN’S aversion to intersecting with Wall Street appears to be mounting: Generation Y, also dubbed the “Millennials,” say they value balance more than financial security, suggesting fewer will gravitate to the cutthroat environs of the Street. Bank executives say fewer female M.B.A.’s are choosing careers on the Street, and the banks also say they have had limited success stanching the flow of women who leave midcareer. Of course, not all women leave to raise a family. Some elect to care for parents who are aging or ill; others seek alternative careers with more manageable hours.
According to interviews conducted by Universum, a company that helps employers brand themselves to attract employees more effectively, current female undergraduate and graduate students at top universities express hope that Wall Street will be both a manageable place to work and a melting pot. But those two characteristics do not describe the reality behind the largely 24/7, white male environs of the world’s financial capital.