To uncover some of the underlying causes of gender disparity in investment management, we developed a survey in consultation with finance scholars Renée Adams, Brad Barber, and Terrance Odean. This executive summary highlights some of the findings.
We sent the survey to our membership in May 2016 and received responses from over 5,000 CFA members (more than 4,000 men and more than 1,000 women). Adams, Barber, and Odean then analyzed the anonymized CFA Institute survey data and compared the survey results with several additional datasets to investigate the question of why women are underrepresented in this field.