Young women are becoming more rare in banks and insurance companies

Kyle Stock at the Wall Street Journal reports that in the past 10 years, 141,000 women, or 2.6% of female workers in finance, have left the industry. Stock notes the number of women entering finance-industry jobs at age 20 to 24 fell 21.8% over the past decade. Grace Tsiang, an economics professor at the University of Chicago, is interviewed in the piece and theorizes that women may be choosing to raise a family versus entering the cube farm:

“Women have this higher alternative value of how to spend their time. They’re always perched on this edge, and if the value of staying in a high-pressure job goes down just a bit, then that might make a big difference in the number that jump.”

Read the entire story here. (via)

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