Women have been sidelined in asset management careers for years. This program is trying to change that

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Women have been sidelined in asset management careers for years. This program is trying to change that
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Currently the only program of its kind in Canada, the Ivey Business School’s Women in Asset Management summer program is aimed at expanding opportunities for young women in the industry

While some of her fellow students at the Ivey Business School at the University of Western Ontario had already secured summer positions in investment banking more than a year in advance, the 19-year-old didn’t have the slightest idea of what she wanted to pursue in the business world.

Currently the only program of its kind in Canada, the summer training sessions offered by Ivey are aimed at improving awareness of the asset management industry among young women who are missing out on opportunities in a prominent and well-paid field that manages large pools of capital. Asset managers can be found everywhere, from pension and hedge funds to insurance companies and other financial institutions.

“The biggest barrier is lack of awareness and lack of women representation in the pipeline, which needs to be addressed,” she added. Ms. Fijalkowski, who is now the chair of the advisory council of WAM, proposed the program to Ivey after watching the success of a U.S.-based non-profit organization named Girls Who Invest, which promotes gender diversity in investment management through educational initiatives.

When it launched in 2022, the first group had 33 students. That number grew to 42 participants in the second cohort this year, many of whom came from diverse learning backgrounds, including business, arts, social sciences, sciences and engineering. “I did delay pregnancy until I was already made portfolio manager. Because I knew that it would be very hard. I thought, especially even in that era, that it would be hard to get promoted if I’d done that earlier,” she said.

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