4 March2021A recent study released by Grant Thornton pegged India at the third spot in terms of representation of women in management roles. While the global average of women CFOs is 36 percent, according to the study Indian firms had 41 percent of females heading the role of a CFO. Over the past few years we have also witnessed the number of women grow in terms of employees in financial services industry. The percentage of female executives is also expected to grow over the next few years. However there still exists a rather gaping gender gap in terms of representation of women in top management roles. A study published by consulting firm Deloitte in 2019 presented a rather interesting observation. It stated that across financial services organizations, for each additional woman added to the C-suite, the number of women in senior leadership roles rose threefold. This essentially means that in order to have more women enjoy longtime and satisfying careers in senior leadership positions, the financial industry requires more women to come on board the C suite. In order for the corporate world to make this cyclic phenomenon work in its favor, there needs to be a rise in intentional recruitment, innovation in retention, supportive reentry, as well as mentoring, sponsorship, and strong peer networks. The current edition of Women Entrepreneur magazine is recognizing a few of these finance powerhouses, who have been heading the role of a CFO at their respective firms. These women not only possess impressive credentials but have also overcome the entry barriers set in the industry. Read on to know how these women CFOs have been reigning the financial functions at their respective companies.Editor NoteWomen CFOs on the Rise Rachita SharmaSpecial Editoreditor@womenentrepreneurindia.com
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