Fierce Females in Finance Share Tips for Making it in the Banking World
Finance and banking have traditionally been male-dominated fields, but women are breaking through and proving they belong.
Libby Leffler, VP of Membership at SoFi, and Alexandra Taussig, Senior Vice President of Fidelity Investments, were with us to discuss how women can make their way up the ranks in the banking world.
Taussig oversees a team that encourages women to get more financially engaged. She explains the factors holding women back. Taussig said women don't typically consider themselves investors and believe they are too busy. She added that women tend to be less confident than men about investing, despite research that shows women achieve better earnings. "Like Warren Buffett, women tend to buy and hold," said Taussig.
SoFi is focused on making investors feel more confident and educated about investing. Leffler said that female members of SoFi are worried about more than just money. Part of being a SoFi member means you get a career coach, as well as access to 400 plus network events throughout the year. Leffler shared how these events are helping millennials take control of their finances.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
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