Are banks trying hard enough to diversify leadership?
Increasing diversity in the executive ranks of the banking industry requires the support of senior leadership and more determination from those looking to move up, according to presenters at a forum on minorities in banking hosted by the Federal Reserve. The two-day event featured speakers who provided advice on how to improve the experiences of minorities at banks of all sizes. The most concerning area was promotion. In the Chicago area, minorities make up a third of the nearly 88,000 banking jobs, but only 9% of the market's roughly 3,100 senior-level posts.