Influential Women in Finance
Throughout the month of March, we’re celebrating Women’s History Month by honoring the influence women have had in the world of finance and banking.
In this blog post, we’re delving into the rich history of women in finance, spotlighting trailblazers and providing a few key resources and opportunities available for women pursuing careers in this sector today.
History of Women in Banking
Women throughout history have consistently demonstrated their skill in the financial realm. Here, we highlight four influential individuals who’ve left their mark on the banking and finance industry.
1. Abigail Adams: This former First Lady of the United States wasn’t just a women’s rights advocate – she was America’s first documented female investor. She cleverly invested in government bonds while managing her household’s finances during the Revolutionary War. This paved the way for future generations of female investors, highlighting the potential for female financial independence.
2. Maggie Lena Walker: A true trailblazer, Maggie Lena Walker made history in 1903 as the first African American woman to establish and serve as president of an American bank. She founded the St. Luke Penny Savings Bank in Richmond, Virginia, which connected the Black community to financial resources and opportunities for economic advancement. Walker's groundbreaking achievements earned her a revered place in both banking history and the broader struggle for civil rights.
3. Muriel Siebert: A trailblazing Wall Street broker and the first woman to buy a seat on the New York Stock Exchange, Siebert knew what it was like to be a woman in a man’s world. Even though she had no college degree, Siebert went on to open her own brokerage firm, even serving as New York State’s superintendent of banking in 1977.
4. Janet Yellen: Janet Yellen made history in 2014 when she became the first woman to chair the Federal Reserve in its over 100-year existence. As the head of the world's most influential central bank, Yellen navigated complex economic challenges with expertise and grace, earning widespread respect for her leadership.
Resources for Women in Finance
Empowering women in finance and business isn’t just about celebrating their achievements, but also ensuring they can access the resources and support they need to succeed. Here are a few key resources for women in these sectors:
1. Ellevate Network: Ellevate Network is a global community of professional women committed to helping each other succeed. They offer networking events, mentorship programs, and educational resources specifically tailored to women in business.
2. Goldman Sachs 10,000 Women: Goldman Sachs 10,000 Women is a global initiative that provides female entrepreneurs with access to business education, mentorship, and networking opportunities. Through partnerships with leading universities and business schools, they offer programs designed to enhance business skills and expand access to capital and markets. Additionally, they support women-owned businesses through grants, loans, and other financial resources.
3. Cartier Women's Initiative: The Cartier Women's Initiative is an international program that supports female entrepreneurs leading innovative, socially responsible businesses. They offer mentoring, networking opportunities, and access to funding through their annual business competition. Winners receive financial support, personalized coaching, and visibility to help scale their ventures.
4. National Association of Women Business Owners (NAWBO): NAWBO is a membership-based organization that advocates for women-owned businesses and provides resources for their growth and success. They offer networking events, educational workshops, and advocacy initiatives aimed at promoting gender equality and supporting entrepreneurial women.
Origin is proud to celebrate Women's History Month by highlighting these influential women. For personalized financial solutions and tailored support, contact an Origin Bank representative today.