Gender diversity at the largest U.S. banks 2023, by share of female employees

In 2023, the share of female employees in the total workforce of most leading U.S. banks exceeded 50 percent. Among the observed banks, Truist and PNC Financial Services had the highest share of female employees in terms of the total workforce, at 62.7 and 59 percent, respectively. The lowest share of female employees was seen at Capital One and Goldman Sachs, where the share of women was less than 50 percent.

Gender diversity: total workforce vs. senior management

The relatively high share of female employees in the total workforce of leading U.S. banks may show gender diversity in a good light, but the devil is in the details. The share of female executives and senior level officials and managers in the largest U.S. banks was significantly lower in 2023. The relatively low share of female executives and senior managers in banks is not unique. In numerous other industries, the share of women employed on executive and senior levels tends to be lower than the share of women in the total workforce.

Global gender gap index

There has been a gradually increasing focus on gender equality in recent years. The global gender gap index was first introduced by the World Economic Forum in 2006 to measure the gender-based gaps among four key dimensions (economic participation and opportunity, educational attainment, health and survival, and political empowerment), and to track the progress of closing these gaps. Based on the four dimensions, the index scores each country between zero and one. In 2023, Europe held seven spots in the top ten, while the United States ranked 43rd.