FinTech Futures Jobs: Women in tech have a three-year “experience gap” compared to men
In the UK, women’s lower participation in tech begins early.
Studies conducted in both the UK and the US have found that children as young as six will rule out future career options for themselves based on views they’ll already have about the sort of jobs people do based on their gender.
Other research suggests that by the time children reach the age of 10, they’ve already got a clear idea about whether they aspire to be a scientist––or not.
That early gender-based conditioning knocks on. After GCSEs, according to STEM Women, only 35% of females choose to study STEM subjects, and this declines again with just 25% of females choosing to study them at university level.
It is hardly surprising then that women’s participation in the tech, STEM and IT fields is lower than men. According to the 2023 Women in Tech survey, women only account for around 26% of those working in IT. This is an improvement from just 19% in 2019, but it is clear that more needs to be done.
The experience gap
More new research from recruitment firm Frank has found that when it comes to experience, men lap women by almost three years. Women have been in the tech sector on average 11.3 years, whereas men’s average tenure comes in at 14.2 years.
“With that gap at almost three years, it’s not difficult to see how this impacts progression and access to those more senior and leadership roles. Not only are there fewer of those positions available, but male tech professionals effectively have a head start in terms of their experience in the sector,” the study’s authors say.
“We know that women are under-represented at every level in tech, but what this new data really shows us is that there’s an experience gap at work for those women already in the sector,” they add.
Not only is achieving gender balance the right thing to do, but this goes beyond being a mere numbers game. Studies show that gender-balanced companies are more likely to have better employee satisfaction, higher productivity, increased innovation, and ultimately, improved financial performance.
If you’re looking to make a move to a company where the culture is more supportive and inclusive, then the FinTech Futures Job Board is a great place to begin your search. It contains thousands of open roles across all company sizes, like the three below.
VPII, Fintech Banking Relationship Manager, HSBC Innovation Bank, London
This VPII, Fintech Banking Relationship Manager role will suit an experienced banker who has a deep understanding of the fintech sector.
You will build effective internal networks with multiple teams across the bank, not only in Europe but across HSBC Innovation Banking (HINV) globally. Working alongside the debt execution team, relationship advisors, product advisors and internal operations, you’ll provide a streamlined banking experience for clients.
To be considered, you’ll need to have strong, proven origination skills to build a high-quality client portfolio, experience working in the venture capital and start-up ecosystem and expert relationship management skills with companies within the technology and innovation sectors, as well as strong finance, analysis and commercial lending experience, including the ability to understand and negotiate credit terms.
Interim Group Product Manager, Core Product, Spendesk, London
As the Interim Group Product Manager, Core Product at Spendesk, you will be leading the core product team of eight product managers, reporting to Spendesk’s head of product and partnering with a broad product team across research, design, engineering and product marketing on the delivery of a 12-month roadmap.
You’ll need to have an expert product development approach and techniques and be an influential leader, capable of building productive relationships with cross-functional partners.
SAP Finance Solution Architect, Capgemini, United Kingdom
Capgemini is looking for a talented Finance Solution Architect to join a growing SAP finance team.
In this role, you will oversee complete SAP S4Hana and Cloud Platform solutions, and will have a strong awareness of business requirements met by functional solutions, which include SAP, as well as third-party products. You’ll act as the primary contact for the finance technology solution and liaise with clients’ senior leaders and stakeholders.
To be considered, you will need to have in-depth expertise in financial solutions, specifically retail, automotive, aerospace, consumer products or transport industry sectors. Plus, you will need to be comfortable leading distributed teams to scope, scale, design, build and test solutions that are deployed globally.
For hundreds more opportunities across fintech, visit the FinTech Futures Job Board today.