55. Women on Wall Street: Is There a Problem with Female Managers?

The Wall Street Journal recently published an article titled "Women Aren't Getting the Big Jobs at Goldman Sachs, and They're Heading for the Exits" (linked below).  That same day, we were asked by our social media community whether our best managers were male or female when we were working at investment banks.  Our answer?  Male.  We received HUNDREDS of messages from our community --- from mostly women --- saying their experience with female managers on Wall Street was overwhelmingly negative.  So we wanted to have a frank, open discussion of these two distinct but very related topics in a public forum to discern what the nature of the problem is and to try and suggest possible solutions.  We are joined by two amazing women for this conversation: Carissa Jordan and Nikki Boulukos, currently the co-founders of Benjamin Talks, a company on a mission to facilitate financial literacy for people of all ages starting with children.  Carissa and Nikki started their careers in Fixed Income and Equities Sales & Trading at Goldman Sachs, and rose through the ranks before exiting for individual reasons we will discuss.  This will be the first of many conversations with women ranging from the junior most levels all the way to the C-suite.  Anyone working on Wall Street or planning on a career in the industry needs to listen to this episode.https://www.wsj.com/finance/investing/goldman-sachs-women-big-jobs-leaving-09112f6a Nikki Boulukos is Co-Founder and Co-CEO of Benjamin Talks BA in Psychology & Economics from Harvard. Additionally, cross-registered and completed coursework in Accounting & Finance at Massachusetts Institute of Technology and London School of Economics. Captained the Varsity Women's Soccer team for three years at Harvard, first three-year captain in school history. All Ivy selection and Academic All American nominee. Financial analyst at Goldman Sachs on Equity Research Sales desk. Member of Women's Steering Committee. Later served as COO & Vice President of San Francisco-based beverage start-up, Wanu Water (fka FLUROwater) and later founded Seirén, an on-demand app company in the beauty space. Nikki now lives in Cold Spring Harbor, NY with her husband and their three small, financially-savvy kids.Carissa Jordan is Co-Founder and Co-CEO  of Benjamin Talks BBA in Finance from Hofstra University. Member of Honors College. Carissa also held internships at Ivy Asset Management, MF Global and Goldman Sachs throughout college. Associate at Goldman Sachs in FICC on the credit trading desk. Carissa later joined J.P. Morgan Private Bank where she worked as an investor associate. Carissa currently resides in Lloyd Harbor, NY with her husband and the three young children whose innate curiosity about money sparked her passion for financial literacy.Follow us on Instagram and Tik Tok at @thewallstreetskinnyhttps://www.instagram.com/thewallstreetskinny/