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MENTORING MATTERS
In my 10 years at Tompkins and 35 cumulative years in the banking field, I've witnessed the industry undergo several revolutionary changes - the automation of transactions, the evolution of technology, and most recently, the shift to all-virtual routine interactions.
Yet one of the most promising changes has been the slow but steady increase of women in leadership roles within banking institutions. A report by Deloitte found that the proportion of women in leadership roles at financial service institutions was 24 percent in 2021, and is on track to increase to 28 percent by 2030.
This might be the most indicative trend of the health of the banking industry, as women are bringing fresh insights to predominantly male C-suites and executive teams. To continue fostering this growth, it's crucial that young women in the industry have the resources needed to empower themselves and their peers.
Here are the most important takeaways from my time as a female leader in banking, all of which can help support women in an industry dominated by male leadership:
Female mentorship is critical to the development of future female leaders - but it also betters all members of the organization, regardless of gender.
According to an article from the Wharton School of Business at the University of Pennsylvania, mentees are promoted five times...