MIAMI—Marti Mang, senior vice president of corporate lending at TotalBank and CREW-Miami's president, started her career at a time when women were not even able to borrow money from a bank without the signature of a man. We've certainly come a long way since then, Marti tells GlobeSt.com, but more work still needs to be done. Today, women continue to make 78 cents for every dollar a male counterpart makes.
GlobeSt.com caught up with Mang to discuss how the role of women in banking has advanced over the last 20 years. You can still read part one: How Community Banking Has Changed.
“When I started in banking, there were very few women in the banking profession,” she says. “Over time, the financial sector has recognized the strength that women have added to the industry.”
While we still need to do more to promote women's advancement in business and banking, she says, the industry has made great progress in the past two decades. In fact, she says she ha noticed that women's expectations are far greater today thanks to other women who have opened doors and achieved success in the industry.
“Back in the 80s and 90s, we began to see a big shift in the opportunities available to women,” Mang says. “When I started my career, women were making 60 cents to every dollar a male was earning and today, we make 78 cents for every dollar a male counterpart makes.”
As Mang sees it, there's still a lot of progress that needs to be made to close the salary gap. CREW's ultimate dream is that women would have parity in the industry and that people would not pay attention to gender, she explains, but pay attention to how you are performing your job: “That is what we are working towards in the organization, by increasing education opportunities and having women empower each other through mentorship and support.”
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
