Tag Archives: berlin

Women in Banking – A Review of the DIW Summit in Berlin

This week I was fortunate enough to be one of the women at the Women in Finance Summit, here in Berlin. It was a one day event run by the DIW (Deutsche Institute für Wirtschaftsforschung) at the Deutsche Bank.

I was impressed by the calibre of the women there, I was there as a voluntary member of the advisory board for a small but impactful microfunding organisation. I was perceived by some bankers as the enemy but for business women we are far from that.

Microfunding

You see Goldrausch e.V is a microfinancing charity purely serving business women in Berlin. We lend relatively small amounts of money to get these entrepreneurs up and running in their businesses.  Many women see this as less intimidating than having to borrow a larger amount actually. Although we cannot offer as competitive rates of interest as our conventional counterparts, the banks, it seems that that is due to change very soon according to experts speaking and mingling.

So as the idiom goes, I was wearing a different hat, to the one that you usually see me in at the event.

You see, banks, particularly here in Germany are being forced to go through a fundamental and far-reaching transition which is in part being led by and influenced by women. The diversity of the world we live in and the economy that finance is fuelling is inhabited by 50% women but perhaps more interestingly 30% of the globe’s capital is in the ownership of women. So you see banks are learning that by mirroring the demographics they will be seen to be more approachable and trustworthy.

Quotas or Targets?

The topic of quotas came up, one that has fascinated me from the word go and there was a mixed bag of opinions on this one. Initially many women preferred to be promoted on merit not ‘just because they were a woman’ but as the momentum behind quotas started to take hold, it was apparent to both genders that quotas were not a replacement for internal targets. Instead or rather an accelerating factor moving leadership from lip service to action for the sake of reaching business goals.

Brenda D.H Trenowden who heads up the 30% Club in the UK was a charming mix of feminine, feisty and fabulous. She sadly pointed out that although the club has become more global than UK based, there was no interest at all from chairmen and CEOs in Germany.  Frankly, that sent a reality check through the room.

Diversity in Banking

Brenda talked about how the more advanced companies in terms of accepting and embracing diversity, were the ones that asked the toughest questions. The companies that did not hold up their hands in defeat if the numbers weren’t available but who insisted, probed and analysed until they got them. Like any other business policy, these facts and figures enable leadership to make more informed decisions about how to tackle diversity for the sake, not of social conformity, but for business success.

Wait in Line Ladies

Apparently, on average, female VPs spend on average 6 years longer ‘waiting, hoping’ to get promoted than men. In those 6 years other men get past the post because “She isn’t ready yet”. This isn’t helped by the fact that management training has faced cost cutting as a result of the global banking crisis. Inherent gender biases that we all have are being increasingly addressed with gender awareness training.

Mindset darling!

Ultimately though above and beyond quotas and internal targets, it is, of course, a shift in mindset that we are fundamentally in pursuit of.  That is deeply ingrained in the minds of each and every one of us, we as parents need to be great role models, as bosses we need to lead by example, our teachers, need to welcome girls into maths and boys into linguistics.

Disruption in the Financial Services Industry

In an industry being disrupted by fintech, it was disappointing to hear that the percentage of women in these startups was even lower than in conventional banks. Unfortunately, such providers were not afforded a place on the stage to provide any answers to what for me is a puzzling statistic.

The ugly

Another disappointing subsector was fund management with a shocking 84% of men on the boards and getting worse, not better. Women lose their jobs disproportionately more often than males int the same sector and yet in healthcare women represent 42%. One could argue that the sector has an impact but BHP – a mining company is on target to have 50% female workforce at all levels from mining to management by 2015. It’s doable with the right mindset, policies and persistence.

There is no silver bullet.

However work is being done in retention through returnship programmes. Other diversity measures discussed were insisting on having at least one female candidate for all job interviews and encouraging women to ask for a pay rise or ask for more responsibility. A greater focus on retention through returnship programmes was also showcased. Networking, mentoring but especially sponsorship were all seen to be absolutely essential.

Ultimately though, as Viviane Reding, Member of European Parliament and sensational speaker said, you have to “Rock the Boat” but ultimately if you’re not getting anywhere, take Brenda Trenowden’s advice and look after number one and take your talent elsewhere.

From flexibility to corporate entertaining to suit women

It was a fabulous summit and I hope that this has given you a sneak glimpse of what was discussed. I couldn’t resist a smile when they said that things that the guys take for granted like corporate events that appeal predominantly to the men, like rugby are not a good fit for women in finance. That’s one of the reasons why I chose Ascot for my next event, check it out if you want to nurture your career through networking.

The finance industry is not alone in it’s struggle to accommodate women on a level heading with the guys, but more about other industries in another post. Let me know if you are affected and how.

If you feel that the time is right to start networking more productively with other go getting women, then join us at Ascot.

www.bytesizedenglish.com/ascot

Further Information…

  1. Article from the Handelsblatt about the event in German

DIW ZUR FRAUENQUOTE IN FINANZBRANCHE
Noch 80 Jahre bis zur Gleichberechtigung

2. TED Talk about Saudi women succeeding

What’s a walking dictionary anyway? Let’s Walk The Talk!

 

When I ‘walk the talk’ with the sharp entrepreneurs who are incorporating their language learning into her fitness regime, I’ll often hear “Oh this is cool, it’s like having my personal walking dictionary”.

Continue reading What’s a walking dictionary anyway? Let’s Walk The Talk!

Wowser Wednesday! Experience The New English Conversation Approach!

The rain has already been and gone, no more registrations please. This is ideal if you can appreciate the balance of learning a language with movement, it makes learning English soooo much more effective.

So no matter how rusty your English is, …

Continue reading Wowser Wednesday! Experience The New English Conversation Approach!

Women in Technology just Walk and Talk their way into International Success

Corinne Wilhelm from Byte Sized English is thrilled to announce the launch of her improved new ‘Language Energy‘ program to help women in technology learn English at the same time as walking and networking, giving them the confidence and international communication skills to supercharge their career. 

   

If you have been focusing on getting your career off the ground, probably focusing on national projects or clients so far, you might want to take this upbeat, ‘nothing like school’ approach to supercharging your English for your gold card into international business. 

It’s been specifically designed for women that want to work on their English in a flexible and independent way, it is perfect if you are on maternity leave but also a discrete way to work on your English if you have already decided that you are ready for a career change but that your English is holding you back

Corinne puts her success down to the fact that she has a ‘knack for helping learners relax and overcome inhibitions’. These women love the fact that they have finally discovered a way to master the English language without going to ‘lessons’. The conversation topics on route, focus on technologically focused professional situations, making this 100% career relevant.

 

“With only six to twelve months (3-6 months for personal training) of English training outdoors, where our hearts are pumping, fuelling our brains with oxygen, the women soon become more comfortable speaking English and that is where the magic happens! These technology and media experts rapidly gain a strong command of the English language and hence the confidence to land senior positions anywhere in the world or closer to home on international projects. 

What Corinne loves about “language Energy” most is that “it makes them feel great and it is that surge of pride that motivates me to help these brilliant women break out of that cage of linguistic insecurity!”

Women just like you, are already establishing themselves as experts in the industry but they might not have used their professional English often enough to be as confident as they ought to be in an international setting. 

Sound familiar?

So what’s the secret to success? Corinne shrugs modestly and puts it down to

” Being outdoors certainly fosters an approachable, down to earth, supportive learning community in which you can (re) discover your English vocabulary and grammar, but most of my ladies already have all the knowledge and industry expertise to stand out from other applicants.” Corinne Wilhelm, the native speaking language trainer and founder is very passionate and it’s infectious!

 

 

Remember ladies that the technology and media industries can be particularly demanding so learning to take care of your body and soul can help you shrug off potential career challenges.

The fact that you have finally taken some time out for yourself will give you some much needed stress relief, something we all need as we juggle family and professionalism.

 

Is that it?

Well actually no, Corinne is increasingly incorporating more and more of the 26 brain gym movements into her concept and a nice clear structure so that you know roughly what to expect next. The big bonus is the online support and mobile learning, which to my mind, is what makes this learning concept really unique. More about that in another post.

Join us in the first week of July for a €5 trial session,

SAVE THE DATE

Wed 8th July 

The official start of the language energy programme will be Tuesday 1st September but there will be online language learning support via the facebook for Professional English for Women in Technology.

SIGN UP for your €5 TRIAL today.
There are only six spaces per session, so 18 places that day.