GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
The financial services industry is increasingly dependent on technology. We looked at factors affecting women's participation in STEM degree programs and their subsequent interest in financial services industry careers.
This testimony looks at trends in the diversity of financial services firms' management and potential talent pools, among other things.
From 2007 through 2015, we found that
Overall minority representation in management increased from 17.3% to 21%
Asian representation increased from 5.
During a hearing in 2004 on the financial services industry, congressional members and witnesses expressed concern about the industry's lack of workforce diversity, particularly in key management-level positions. Witnesses stated that financial services firms (e.g.