Gender diversity on senior level at leading U.S. banks 2023

The share of female employees among executive and senior level officials and managers varied on average between 26 and 42 percent among the largest U.S. banks in 2023. This is a relatively big difference compared to the share of female employees in the total workforce, where the share of women exceeded 50 percent at most banks. At 41.9 percent, Wells Fargo had the highest share of female executives and seniors, followed by the Citigroup (41.74 percent) and Bank of America (39 percent). The share of female employees at these levels was the lowest at TD Bank (27.1 percent) and Goldman Sachs (25.9 percent).

Board diversity at leading banks

A board of directors is the governing body of a company that makes key decisions on issues such as dividends, mergers, and the recruitment of senior managers. In case of a public company, the directors are elected by the shareholders. In 2023, diversity on the board of directors at the leading U.S. banks was slightly higher than at the executive and senior levels, although only Citigroup had more female directors than male ones.

What is the world's leading company for gender equality?

Gender equality has been in the spotlight for many years, and companies around the world attempt to address issues related to gender equality in various ways. The most common ways are to increase gender balance in the total workforce and on the board of directors, decrease gender pay gaps, and to introduce efficient policies on parental leave and sexual harassment. Based on these and other criteria, the world's leading public company for gender equality in 2022 was an Australian real estate company, called Mirvac.