Findings from the IFC Powerwomen Top 200 survey

Citywealth conducted an in-depth survey during the process of compiling the IFC Powerwomen Top 200 List 2016. This survey revealed some very interesting statistics.

Surprisingly, and in spite of recent government targets set at 33% female board members for FTSE 100 firms by 2020, it showed that the majority of women in the wealth industry didn't believe in mandatory quotas for women. 48% were against, and were from the European IFCs, arguing they would much rather be promoted because of merit rather than because of imposed quotas. Only 31% supported mandatory quotas and the majority of these women were, unsurprisingly, from the Caribbean and Central America.

Further statistics revealed that the Crown Dependencies were the largest geographical section represented in the IFC Powerwomen Top 200 List with 40%, while the legal sector was the largest industry sector with 45%.

When it came to mentors and role models, 47% of our IFC Powerwomen drew inspiration from professional relationships, while 42% of them turned to their family and friends.

As for supporting charities, the survey showed that health related charities were the most popular beneficiaries with 43% of our Powerwomen having opted for that sector, followed by humanitarian causes with 24%

The survey reached twenty-five countries, more than one hundred and twenty five organisations and eight industries within the private wealth management financial services sector. 

The deal sizes these women are working on split equally between women dealing with transactions and investments worth circa $5million up to $350million and a second tier dealing with transactions and investments of between $1billion up to $55billion. An approximate calculation puts our IFC women as dealing with a total of $160billion within their career lifespan so far.