In 2002, Women in Capital Markets (WCM) engaged Catalyst to examine the representation levels of women in two lines of business—Investment Dealers (ID) and Retail Private Client (RPC). This study is a follow-up to the benchmarking component of Catalyst's 2000 report to WCM (Women in Canadian Investment Dealers: Growing the Pipeline). Catalyst gathered data from six financial institutions—BMO Financial Group BMO Financial Group, CIBC, National Bank Financial, RBC Financial Group, Scotiabank Group, and TD Securities (subsidiary of TD Bank Financial Group)—on representation levels for the ID and RPC businesses.
Overall, there is very little change in the representation of women in the industry. Men continue to outnumber women four to one across the industry. Women continue to be found predominantly in staff positions.
- In the Investment Dealers business, women comprise 29 percent of Professionals in Corporate and Investment Banking (one of the four functional areas), up from 25 percent in 2000, indicating a strengthening of the pipeline in this area.
- The representation of women at the Managing Director level decreased from 11 percent in 2000 to 10 percent in 2002.
- In 2002, women gained some clout in client-facing roles in the Retail Private Client business.
- Women continue to dominate in support positions, comprising 79 percent of Sales Associates and Sales Assistants and 92 percent of Branch Administrators in 2002.
Sponsors: BMO Financial Group, CIBC, National Bank Financial, RBC Financial Group, Scotiabank Group, and TD Securities (subsidiary of TD Bank Financial Group)