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Discover Financial Sciences & Services Diversity, Equity & Inclusion Insights

Posted on March 2024

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Phaidon International's Diversity, Equity & Inclusion Report Examines the Perceptions of DE&I in Financial Sciences & Services.

As an award-winning financial sciences & services talent partner under the Phaidon International brand, clients often ask us how to improve Diversity, Equity & Inclusion (DE&I) in their workplace so they can attract, hire, and retain top talent with diverse experiences and viewpoints.  

To provide data-backed insights, we have surveyed both employees and employers from our database to understand their perspectives on company culture, discrimination, development opportunities, and DE&I training and resources at their workplace to uncover trends, disparities, and areas in need of improvement. 

The results can be found in Phaidon International's DE&I report, which explores overall trends across their six specialist brands, plus a breakdown of results for Selby Jennings, delving into DE&I in financial sciences & services.

Findings from these surveys include:

57%

of financial sciences & services organisations in Europe reported having provisions in place for diverse candidates in the hiring process. The top measures put in place by European organisations being: writing inclusive job descriptions (57%), ensuring an accessible and standardised interview process (50%), and ensuring a diverse interview panel/hiring team (50%).

The results also revealed gender and racial disparities, with women and minority groups indicating a greater need for management training on discrimination and having a lesser sense of inclusivity in the companies they work for.

Our surveys found that:

49%

of employees who identified as male felt that their current management needed no additional training around discrimination, harassment, or bias on any DE&I-related topic. Only

23%

of female employees also said none.

Discover the full views of both employers and employees in the financial sciences & services industry and uncover new areas of focus for your DE&I strategy, helping you to improve hiring, retention, and DE&I policies based on your goals, resources, and the needs of your employees. Along with our survey findings, this exclusive report also includes:  

  • How good DE&I workplace practices benefit both employers and employees 

  • The biggest DE&I challenges employers face

  • Key takeaways for employers and employees

  • DE&I resources for your region 

Matt Nicholson, Managing Director - Head of Selby Jennings Europe, shares how the results reflect recent DE&I developments in the financial sciences & services industry:

“DE&I has been a hot topic for a long time within financial services, mostly led by the US banks who are more in tune with the importance of diversity and inclusion. The focus has traditionally been mainly on gender, but other characteristics have been more in the spotlight in recent years. Hard science or mathematical based sectors like Quants have always had a bigger disparity between male and female workers, from junior roles to the top of the ladder, as those topics are more populated by men at universities. However, it’s less of a challenge for roles like Sales, Compliance, and Middle Office Support functions.” 

Discover the results - Download your copy of the Diversity, Equity & Inclusion report by completing the form below: 

Part of Something Bigger

Selby Jennings is part of Phaidon International, a leading global talent partner that identifies, sources, and delivers business-critical professionals to the most innovative industries in the world. 

Our approach to talent opportunities as part of Phaidon International includes access to six talent brands with the advantage of multiple industry experts at your disposal. It’s a bespoke service, so you can work directly with a specialist in financial sciences & services, and if required, we can introduce you to our counterparts in regulatory & legal, or technology, while benefiting from one single relationship manager for ease, and not worrying about extensive and time-consuming administration.

Follow the links below to learn more about our other brands:

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