31 Pages Posted: 30 May 2017 Last revised: 18 Jul 2017
Date Written: July 17, 2017
We show parental role models differentially affect the future career choices of girls and boys using survey data from CFA Institute members. Among CFA Institute members, women are more likely to have a STEM parent (particularly a STEM mother) than men. STEM mothers increase the rate that daughters become CFA Institute members by 48% more than sons; STEM fathers increase the rate that daughters become CFA Institute members by 29% more than sons. We conclude childhood experiences affect girls’ career choice, which suggests mentorship programs for girls might improve the representation of women in finance.
Keywords: Women, Gender, Finance, CFA, Investment Industry
JEL Classification: J16, J22, G00, G20
Suggested Citation: Suggested Citation
Adams, Renee B. and Barber, Brad M. and Odean, Terrance, STEM Parents and Women in Finance (July 17, 2017). Available at SSRN: https://ssrn.com/abstract=2975898