Women in Finance Data
A Monitoring Tool
It is a well-known fact that the proportion of women varies widely between different professions. Women’s careers differ from men’s for many reasons, such as preferences, networks, norms, children, and discrimination. The share of women also varies between different areas within academia and even within the field of economics. Unfortunately, financial economics seems to be one of the subfields that attracts the least women, see e.g. Adams and Xu (2022), Lundberg and Stearns (2019), and Friebel, Fuchs-Schündeln, and Weinberger (2021).
To increase the knowledge about the representation of female researchers in finance, we have gathered information from leading research institutions by collecting data that are publicly available on the institutions' websites. Our objective is to facilitate fact-finding and induce action by publishing reliable data.
This website draws heavily on previous work by Guido Friebel, Alisa Weinberger, and Sascha Wilhelm at Goethe University in Frankfurt. Their method is explained in detail in Friebel and Wilhelm (2019), and their result is presented on the Women in European Economics website.
The Data
Our dataset covers only researchers in financial economics. We collect information from the global top 100 and European top 50 research institutions according to the UT Dallas Business School Rankings based on publications in the JF, JFE, and RFS in 2018–2020. The sample covers universities and business schools from 20 countries. Researchers are included in the sample if they belong to a finance department, finance research area/group/division, or if the institution otherwise provides information from which it can be determined whether the researchers are finance researchers.
Based on the position descriptions and name titles, we map all researchers to a hierarchical level. Since every country has its own non-standardized terms for its levels, we map positions into a general hierarchy of positions: (1) Full Professor, (2) Associate Professor, (3) Assistant Professor, (4) Lecturer, (5) Research Fellow, and (6) Research Associate, see Friebel and Wilhelm (2019) for details.
We have done our best to assure the quality of the data, not only by manual checks, but also by asking the people responsible for the respective institution. Despite this, we cannot completely rule out that there are errors for individual institutions. Corrections or other input are very welcome.
We present our data on the country level, institutional level, and hierarchical level. No personal data are made available on this website.
Liability
The data on this website is managed by the Swedish House of Finance at the Stockholm School of Economics. No external parties are liable for the data.
The data may not be used for any purpose other than statistical analysis. Use of this data to learn the identity of any person is prohibited. Read about compliance with the GDPR here.
Acknowledgements
First, we would like to thank Renée Adams at Oxford University for coming up with the idea to create this website. We would also like to thank our colleagues at Goethe University. Finally, we would like to extend a special thank you to Alisa Weinberger for excellent project management. Without Alisa, this dataset would not have existed.
Please check the AFFECT database, and consider adding yourself to the list of female researchers around the world.
Gender distribution among researchers in financial economics
- Women (1455)
- Men (4822)
Summary Statistics
References
Adams, R.B. and J. Xu (2022)“The Inequality of Finance,” available at SSRN.
Friebel, G., N. Fuchs-Schündeln, and A. Weinberger (2021)“Statusbericht zum Frauenanteil in der Volkswirtschaftslehre an deutschen Universitäten,” Perspektiven der Wirtschaftspolitik 22 (2), 142-155
Friebel, G. and S. Wilhelm (2019)“The Women in European Economics Monitoring Tool: Technical Description,” Working Paper, available at https://women-economics.com.
Lundberg, S. and J. Stearns (2019)“Women in Economics: Stalled Progress,” Journal of Economic Perspectives, 33, 3–22
SHoF Women in Finance Data Description 2025
SHoF Women in Finance Data Description 2024
SHoF Women in Finance Data Description 2023
Download the SHoF Women in Finance Data
Countries
Gender distribution across countries
Institutions
Gender distribution across institutions
-
1.
National University of Singapore (NUS)
52.6% -
2.
University of Turin
42.9% -
3.
University of Mannheim
40.7% -
3.
University of California at Irvine
40.7% -
5.
Kings College London
40.3% -
6.
University of Melbourne
36.8% -
7.
Monash University
36.7% -
8.
City University London
36.4% -
9.
Toulouse School of Economics (TSE)
35.7% -
10.
University of Missouri
34.8% -
11.
University of New South Wales (UNSW)
34.3% -
12.
McGill University
33.3% -
12.
University of British Columbia
33.3% -
12.
Georgia Institute of Technology
33.3% -
15.
University College London
32.6% -
15.
University of Edinburgh
32.6% -
17.
University of Geneva
32.5% -
18.
Texas A&M University at College Station
32.4% -
19.
Carnegie Mellon University
32.0% -
20.
Cornell University
31.4% -
21.
ESSEC
31.2% -
22.
Stockholm School of Economics (SSE)
30.0% -
23.
London Business School (LBS)
29.5% -
24.
Toulouse School of Management (TSM)
29.4% -
25.
University of Lausanne
29.2% -
25.
University of Vienna
29.2% -
27.
University of Illinois at Chicago
29.0% -
28.
University of Colorado at Boulder
28.8% -
29.
Bocconi University
28.6% -
29.
University of North Carolina at Chapel Hill
28.6% -
29.
University of South Carolina
28.6% -
32.
University of Zurich
28.4% -
33.
BI Norwegian Business School
28.3% -
34.
Lancaster University
28.1% -
35.
University of Warwick
28.0% -
36.
University of Minnesota at Twin Cities
27.8% -
37.
University of Texas at Dallas
27.7% -
38.
Temple University
27.6% -
39.
Indian School of Business
27.3% -
39.
University of Illinois at Urbana-Champaign
27.3% -
41.
Vrije Universiteit Amsterdam
26.7% -
41.
Harvard University
26.7% -
43.
London School of Economics and Political Science
26.5% -
43.
University of Toronto
26.5% -
43.
Stockholm University
26.5% -
46.
Imperial College London
26.4% -
47.
University of Chicago
26.0% -
48.
University of Utah
25.6% -
49.
Rice University
25.0% -
49.
University of Arizona
25.0% -
49.
City University of New York (CUNY)
25.0% -
52.
Northwestern University
24.7% -
53.
University of Manchester
24.5% -
54.
Frankfurt School of Finance and Management
24.4% -
55.
Erasmus University
24.1% -
55.
Boston College
24.1% -
57.
NOVA University Lisbon
24.0% -
58.
Tulane University
23.9% -
58.
Hong Kong Polytechnic University
23.9% -
60.
Tsinghua University
23.8% -
60.
Universidad Carlos III de Madrid (UC3M)
23.8% -
62.
University of Pennsylvania
23.7% -
63.
Boston University
23.6% -
64.
Swiss Federal Institute of Technology in Lausanne
23.1% -
64.
Copenhagen Business School
23.1% -
66.
University of Washington at Seattle
22.8% -
67.
Universita della Svizzera Italiana, Lugano
22.7% -
67.
Ohio State University
22.7% -
69.
University of California at Los Angeles
22.6% -
70.
Columbia University
22.1% -
71.
Norwegian School of Economics (NHH)
21.6% -
72.
Yale University
20.8% -
73.
University of Amsterdam
20.6% -
73.
Duke University
20.6% -
75.
University of Texas at Austin
20.5% -
75.
Indiana University at Bloomington
20.5% -
75.
Pennsylvania State University at University Park
20.5% -
78.
University of Houston
20.3% -
79.
Washington University at St. Louis
20.0% -
79.
Drexel University
20.0% -
79.
University of Kentucky
20.0% -
82.
University of California at Berkeley
19.8% -
83.
Arizona State University
19.4% -
84.
University of Miami
19.2% -
85.
Humboldt University at Berlin
19.0% -
85.
University of California at San Diego
19.0% -
87.
University of Southern California
18.9% -
87.
Aalto University
18.9% -
89.
Purdue University
18.5% -
90.
Tilburg University
18.4% -
91.
Northeastern University
18.0% -
92.
Georgia State University
17.6% -
93.
Georgetown University
17.4% -
94.
Emory University
17.2% -
95.
Singapore Management University
17.1% -
96.
Technical University of Munich (TUM)
16.7% -
96.
Pompeu Fabra University
16.7% -
98.
State University of New York (SUNY) at Buffalo
15.8% -
99.
University of Hong Kong
15.7% -
100.
Massachusetts Institute of Technology
15.6% -
100.
University of Michigan at Ann Arbor
15.6% -
102.
University of Florida
15.4% -
102.
University of Pittsburgh
15.4% -
104.
Stanford University
14.9% -
105.
City University of Hong Kong
14.8% -
106.
Queen's University - Canada
14.3% -
106.
University of Notre Dame
14.3% -
106.
IE University
14.3% -
109.
Michigan State University
13.9% -
110.
Nanyang Technological University
13.3% -
110.
Johns Hopkins University
13.3% -
112.
New York University
13.1% -
112.
Chinese University of Hong Kong (CUHK)
13.1% -
114.
Hong Kong University of Science and Technology (HKUST)
13.0% -
115.
HEC Paris
12.8% -
116.
INSEAD
12.0% -
117.
Princeton University
11.8% -
117.
University of Rochester
11.8% -
119.
University of Maryland at College Park
11.6% -
120.
University of Cambridge
11.1% -
120.
Goethe-University of Frankfurt
11.1% -
120.
11.1% -
120.
Peking University, Guanghua
11.1% -
124.
University of Virginia
10.0% -
125.
University of Navarra
9.5% -
126.
EDHEC
9.4% -
127.
University of Oxford
8.3% -
128.
University of Bern
7.7% -
129.
Brigham Young University
7.1% -
130.
University of Gothenburg
6.2% -
130.
Dartmouth College
6.2% -
132.
University of Innsbruck
5.6% -
133.
University of Copenhagen
4.2% -
134.
University of Cyprus
0.0% -
1.
Toulouse School of Management (TSM)
60.0% -
2.
National University of Singapore (NUS)
50.0% -
2.
University of California at Irvine
50.0% -
4.
University of Turin
40.0% -
5.
Ohio State University
36.4% -
6.
IE University
33.3% -
6.
University of Manchester
33.3% -
6.
University of Illinois at Chicago
33.3% -
6.
Purdue University
33.3% -
6.
University of Arizona
33.3% -
6.
University of Missouri
33.3% -
6.
University of Mannheim
33.3% -
13.
Indiana University at Bloomington
30.0% -
14.
University of Melbourne
28.6% -
14.
Monash University
28.6% -
14.
Queen's University - Canada
28.6% -
14.
Lancaster University
28.6% -
18.
City University London
28.0% -
19.
University of British Columbia
25.0% -
19.
University of Miami
25.0% -
19.
Tulane University
25.0% -
19.
Temple University
25.0% -
19.
University of Vienna
25.0% -
24.
University of California at Berkeley
23.5% -
25.
ESSEC
22.2% -
25.
Toulouse School of Economics (TSE)
22.2% -
25.
Kings College London
22.2% -
25.
University of Utah
22.2% -
25.
Tsinghua University
22.2% -
30.
Cornell University
21.4% -
31.
University of New South Wales (UNSW)
20.0% -
31.
University of Michigan at Ann Arbor
20.0% -
31.
University of Minnesota at Twin Cities
20.0% -
31.
Emory University
20.0% -
31.
Georgetown University
20.0% -
31.
University of South Carolina
20.0% -
31.
Technical University of Munich (TUM)
20.0% -
38.
University of Toronto
19.0% -
38.
Northwestern University
19.0% -
40.
Stockholm University
18.2% -
40.
Rice University
18.2% -
40.
Peking University, Guanghua
18.2% -
43.
Universidad Carlos III de Madrid (UC3M)
16.7% -
43.
INSEAD
16.7% -
43.
Boston College
16.7% -
43.
Massachusetts Institute of Technology
16.7% -
43.
Drexel University
16.7% -
43.
City University of New York (CUNY)
16.7% -
43.
University of Kentucky
16.7% -
43.
Norwegian School of Economics (NHH)
16.7% -
51.
University of North Carolina at Chapel Hill
15.4% -
52.
University of Southern California
15.0% -
53.
New York University
14.3% -
53.
Boston University
14.3% -
53.
University of Virginia
14.3% -
53.
Northeastern University
14.3% -
53.
Hong Kong University of Science and Technology (HKUST)
14.3% -
53.
Swiss Federal Institute of Technology in Lausanne
14.3% -
59.
University of Pennsylvania
13.8% -
60.
Imperial College London
13.6% -
61.
Vrije Universiteit Amsterdam
13.3% -
62.
Stockholm School of Economics (SSE)
12.5% -
62.
University of Washington at Seattle
12.5% -
62.
University of Colorado at Boulder
12.5% -
62.
University of California at San Diego
12.5% -
62.
University of Geneva
12.5% -
67.
Harvard University
11.5% -
68.
University of Navarra
11.1% -
68.
University of Edinburgh
11.1% -
68.
Columbia University
11.1% -
68.
11.1% -
68.
Yale University
11.1% -
68.
Goethe-University of Frankfurt
11.1% -
74.
Stanford University
10.5% -
75.
London Business School (LBS)
10.0% -
75.
Arizona State University
10.0% -
75.
Dartmouth College
10.0% -
75.
Texas A&M University at College Station
10.0% -
75.
Pennsylvania State University at University Park
10.0% -
75.
Brigham Young University
10.0% -
75.
Universita della Svizzera Italiana, Lugano
10.0% -
82.
University of California at Los Angeles
9.1% -
82.
Tilburg University
9.1% -
84.
University of Texas at Austin
8.3% -
85.
London School of Economics and Political Science
7.1% -
85.
University of Oxford
7.1% -
85.
Duke University
7.1% -
85.
Erasmus University
7.1% -
89.
Bocconi University
5.9% -
90.
Copenhagen Business School
5.3% -
91.
University of Chicago
5.0% -
92.
McGill University
0.0% -
92.
Singapore Management University
0.0% -
92.
Nanyang Technological University
0.0% -
92.
Pompeu Fabra University
0.0% -
92.
HEC Paris
0.0% -
92.
EDHEC
0.0% -
92.
University of Warwick
0.0% -
92.
University of Cambridge
0.0% -
92.
University College London
0.0% -
92.
University of Gothenburg
0.0% -
92.
University of Illinois at Urbana-Champaign
0.0% -
92.
Washington University at St. Louis
0.0% -
92.
University of Notre Dame
0.0% -
92.
University of Maryland at College Park
0.0% -
92.
University of Florida
0.0% -
92.
University of Houston
0.0% -
92.
Georgia Institute of Technology
0.0% -
92.
Michigan State University
0.0% -
92.
Princeton University
0.0% -
92.
University of Texas at Dallas
0.0% -
92.
University of Rochester
0.0% -
92.
Carnegie Mellon University
0.0% -
92.
Johns Hopkins University
0.0% -
92.
University of Pittsburgh
0.0% -
92.
Georgia State University
0.0% -
92.
State University of New York (SUNY) at Buffalo
0.0% -
92.
University of Innsbruck
0.0% -
92.
Frankfurt School of Finance and Management
0.0% -
92.
Humboldt University at Berlin
0.0% -
92.
Chinese University of Hong Kong (CUHK)
0.0% -
92.
University of Hong Kong
0.0% -
92.
City University of Hong Kong
0.0% -
92.
Hong Kong Polytechnic University
0.0% -
92.
University of Amsterdam
0.0% -
92.
BI Norwegian Business School
0.0% -
92.
University of Lausanne
0.0% -
92.
University of Bern
0.0% -
92.
University of Zurich
0.0% -
92.
University of Copenhagen
0.0% -
92.
University of Cyprus
0.0% -
92.
Aalto University
0.0% -
92.
Indian School of Business
0.0% -
92.
NOVA University Lisbon
0.0%
Hierarchical Levels
Gender distribution across hierarchical levels
Feedback and questions
In case you have questions, requests, or comments, feel free to contact:
Marieke Bos
marieke.bos@hhs.se
Göran Robertsson
goran.robertsson@hhs.se
We are looking forward to hearing from you.
