Transforming Capital for the Next Era 2025

In addition, progress stalls at the top. Only 27.6% of senior management roles in financial services are held by women, compared with 28.6% across the economy overall (Figure 3). Currently, hiring patterns suggest the gap will persist: LinkedIn data shows that among the 16 economies with available data, women represent roughly one-third of new senior- leadership hires economy-wide but only 28.4% of such hires in finance, with a declining trend line (Figure 4). Percentage of women among new hires into top-level management roles, in financial services vs. in total workforce, 2019–2025FIGURE 4 Percentage of women in financial services, by industry breakdown and seniority level (values as of September 2025) FIGURE 525%30%35% 2019 2020 2021 2022 2023 2024 2025 % women among new hires into top-level management roles in financial services % of women among new hires into top-level management roles in total workforce30.0%34.1% 29.7%33.7% 28.4%32.8% 28.3%31.6% 28.3%31.7% 29.4%34.4% 32.0%34.8% % of women in total workforce % of women in top-level management0%10%20%30%40%50% Capital markets Credit intermediation Insurance41.2% 32.8%43.6% 36.5%49.0% 28.7%Note: Average percentages for 16 economies: Australia, Brazil, Canada, France, Germany, India, Ireland, Italy, Mexico, Netherlands, Singapore, Spain, Sweden, United Arab Emirates, United Kingdom and United States; including observations up to 30 April 2025. Source: LinkedIn Economic Graph Research Institute Note: Average percentages for 19 economies: Australia, Brazil, Canada, Colombia, France, Germany, India, Ireland, Italy, Mexico, Netherlands, Philippines, Poland, Singapore, Spain, Switzerland, United Arab Emirates, United Kingdom and United States. Including observations up to September 2025. Industry classification is aligned with the North American Industry Classification System (NAICS). Funds and Trusts subindustry group as well as monetary authorities are excluded from the figure due to limited sample size. Source: LinkedIn Economic Graph Research Institute Seniority-level data provides a broad comparison of women’s representation in decision-making roles across the financial industry, and the pattern is consistent with other sectors: women are still under-represented in senior leadership positions. Given the complexity of financial services, it is worth examining women’s representation more closely by type of financial institution, categorized here by revenue source, risk profile and how capital flows within the finance network. Transforming Capital for the Next Era: Gender Parity and the Expansion of the Investable Frontier 9