Investment banks, including JPMorgan, Lehman Brothers and Goldman Sachs, are ramping up efforts to bring back women who have taken a career break amid intensifying competition for talent in the world of high finance.
The current bull market is creating a shortage of skilled employees, particularly in some fast-growing and increasingly complex areas of finance.
Industry experts say the recent outreach by financial institutions to women who have taken time off to have babies or simply recharge – but want their career back – makes sense.
“It is newly urgent and firmly on the agenda,” said Sylvia Hewlett, founding president of the Centre for Work-Life Policy. “Financial institutions are finding there is an enormous talent pool of women out there and they need to find a way to give them a second shot at ambition.”
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