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 exclusively on previous work by Guido Friebel, Alisa Weinberger, and Sascha Wilhelm at Goethe University in Frankfurt. They have developed a web-scraping tool that identifies individuals listed on their employers’ websites and records the position description and name titles of these individuals. Gender is identified through first names and a gender identification software analyzing pictures. The technology is explained in detail in Friebel and Wilhelm (2019), and their work is presented on the Women in European Economics website.
The Data
Our dataset differs from that on the Women in European Economics website as we only study 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 133 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 retrieved whether the researchers are finance researchers.
Based on the scraped 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 to verify the information we collected. About 70 percent of the institutions responded to our request. 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 all our colleagues for encouraging comments during the data collection process, and we are very grateful for having the opportunity to use the infrastructure developed by 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.
Gender distribution among researchers in financial economics
- Women (1148)
- Men (4505)
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
Please check the AFFECT database, and consider adding yourself to the list of female researchers around the world.
Download the SHoF Women in Finance Data
Countries
Gender distribution across countries
Institutions
Gender distribution across institutions
-
1.
Stockholm University
42.3% -
2.
Toulouse School of Management (TSM)
41.7% -
3.
University of Pittsburgh
38.9% -
4.
University of Turin
36.4% -
5.
Monash University
33.3% -
6.
University of New South Wales (UNSW)
31.9% -
7.
University of Warwick
31.6% -
8.
Queen's University - Canada
31.5% -
9.
Temple University
31.0% -
10.
University of Illinois at Chicago
30.0% -
11.
Drexel University
29.6% -
12.
University of Zurich
29.5% -
13.
University of California at Irvine
29.4% -
14.
University of Arizona
29.0% -
15.
NOVA University Lisbon
28.6% -
15.
Toulouse School of Economics (TSE)
28.6% -
17.
University of Toronto
28.2% -
18.
University of Innsbruck
27.9% -
19.
London School of Economics and Political Science
27.8% -
19.
Rice University
27.8% -
19.
Universidad Carlos III de Madrid (UC3M)
27.8% -
22.
Imperial College London
27.3% -
23.
National University of Singapore (NUS)
26.7% -
23.
University of Utah
26.7% -
25.
University of Geneva
26.2% -
26.
University of Minnesota at Twin Cities
26.1% -
27.
Kings College London
25.8% -
27.
Ohio State University
25.8% -
29.
University of Mannheim
25.7% -
30.
McGill University
25.6% -
31.
BI Norwegian Business School
25.5% -
32.
University of Melbourne
25.0% -
32.
Stockholm School of Economics (SSE)
25.0% -
32.
London Business School (LBS)
25.0% -
32.
State University of New York (SUNY) at Buffalo
25.0% -
36.
University of North Carolina at Chapel Hill
24.1% -
37.
University of Gothenburg
23.8% -
37.
University of British Columbia
23.8% -
39.
Tulane University
23.7% -
40.
Georgia Institute of Technology
23.5% -
40.
City University of New York (CUNY)
23.5% -
42.
Lancaster University
22.7% -
42.
Tsinghua University
22.7% -
44.
University of Hong Kong
22.6% -
45.
University of Texas at Dallas
22.5% -
46.
University of Lausanne
22.2% -
46.
City University London
22.2% -
46.
Humboldt University at Berlin
22.2% -
49.
University of Southern California
22.1% -
50.
University of Manchester
22.0% -
51.
University of Edinburgh
21.9% -
52.
University College London
21.7% -
52.
Cornell University
21.7% -
54.
Erasmus University
21.3% -
55.
University of Michigan at Ann Arbor
21.1% -
55.
University of Virginia
21.1% -
57.
Arizona State University
21.0% -
58.
Purdue University
20.8% -
59.
Vrije Universiteit Amsterdam
20.7% -
59.
University of Missouri at Columbia
20.7% -
61.
University of Washington at Seattle
20.6% -
62.
Pennsylvania State University at University Park
20.5% -
62.
Hong Kong Polytechnic University
20.5% -
62.
Copenhagen Business School
20.5% -
65.
University of Maryland at College Park
20.4% -
65.
Texas A&M University at College Station
20.4% -
67.
Bocconi University
20.1% -
68.
Swiss Federal Institute of Technology in Lausanne
20.0% -
68.
Carnegie Mellon University
20.0% -
70.
University of Amsterdam
19.4% -
70.
Boston College
19.4% -
70.
Massachusetts Institute of Technology
19.4% -
73.
University of California at Berkeley
19.2% -
74.
University of Illinois at Urbana-Champaign
18.8% -
74.
ESSEC
18.8% -
76.
University of Texas at Austin
18.6% -
77.
City University of Hong Kong
17.9% -
78.
Harvard University
17.7% -
79.
University of Vienna
17.6% -
79.
Frankfurt School of Finance and Management
17.6% -
81.
Columbia University
17.5% -
82.
Yale University
17.4% -
83.
University of California at Los Angeles
17.3% -
84.
Technical University of Munich (TUM)
16.7% -
84.
Singapore Management University
16.7% -
84.
University of Pennsylvania
16.7% -
84.
Georgia State University
16.7% -
84.
Chinese University of Hong Kong (CUHK)
16.7% -
84.
University of Navarra
16.7% -
90.
Universita della Svizzera Italiana, Lugano
16.2% -
91.
Aalto University
16.1% -
92.
Northeastern University
15.6% -
93.
Tilburg University
15.5% -
94.
Pompeu Fabra University
15.4% -
95.
Nanyang Technological University
15.2% -
96.
Duke University
15.1% -
97.
Boston University
15.0% -
98.
Stanford University
14.9% -
99.
University of Colorado at Boulder
14.8% -
99.
University of Rochester
14.8% -
101.
Michigan State University
14.7% -
102.
New York University
14.5% -
103.
University of Notre Dame
13.6% -
103.
University of Houston
13.6% -
103.
University of California at San Diego
13.6% -
106.
Goethe-University of Frankfurt
13.3% -
106.
Norwegian School of Economics (NHH)
13.3% -
106.
Emory University
13.3% -
109.
Indiana University at Bloomington
12.7% -
110.
Princeton University
12.5% -
111.
Northwestern University
12.3% -
112.
University of South Carolina at Columbia
12.0% -
112.
INSEAD
12.0% -
114.
University of Chicago
11.9% -
114.
HEC Paris
11.9% -
116.
IE University
11.8% -
117.
Washington University at St. Louis
11.1% -
118.
Brigham Young University
10.7% -
118.
Peking University, Guanghua
10.7% -
120.
Johns Hopkins University
10.6% -
121.
University of Miami
10.5% -
121.
Hong Kong University of Science and Technology
10.5% -
123.
University of Florida
9.7% -
124.
Dartmouth College
9.1% -
125.
EDHEC
8.8% -
126.
University of Oxford
8.7% -
127.
Indian School of Business
8.3% -
128.
University of Bern
7.1% -
129.
Georgetown University
6.7% -
129.
University of Kentucky
6.7% -
131.
University of Cambridge
5.3% -
132.
University of Copenhagen
0.0% -
132.
University of Cyprus
0.0% -
1.
University of Missouri at Columbia
50.0% -
2.
Toulouse School of Management (TSM)
44.4% -
2.
Ohio State University
44.4% -
4.
University of Virginia
40.0% -
5.
University of Pittsburgh
37.5% -
6.
Stockholm University
33.3% -
6.
University of Illinois at Chicago
33.3% -
6.
Carnegie Mellon University
33.3% -
6.
Purdue University
33.3% -
10.
Toulouse School of Economics (TSE)
28.6% -
10.
University of North Carolina at Chapel Hill
28.6% -
10.
Temple University
28.6% -
13.
University of California at Berkeley
27.8% -
14.
Queen's University - Canada
27.3% -
15.
Monash University
25.0% -
15.
Cornell University
25.0% -
15.
University of California at Irvine
25.0% -
15.
University of Miami
25.0% -
15.
Tulane University
25.0% -
15.
University of Arizona
25.0% -
15.
University of South Carolina at Columbia
25.0% -
15.
Hong Kong University of Science and Technology
25.0% -
15.
Peking University, Guanghua
25.0% -
15.
University of Vienna
25.0% -
15.
University of Mannheim
25.0% -
15.
University College London
25.0% -
27.
Northwestern University
23.8% -
28.
University of Michigan at Ann Arbor
23.1% -
29.
Boston College
22.7% -
30.
University of Toronto
22.2% -
31.
University of Utah
21.4% -
32.
City University of New York (CUNY)
21.1% -
33.
BI Norwegian Business School
20.0% -
33.
Norwegian School of Economics (NHH)
20.0% -
33.
Yale University
20.0% -
33.
University of Minnesota at Twin Cities
20.0% -
33.
University of Kentucky
20.0% -
33.
University of Manchester
20.0% -
39.
Brigham Young University
18.2% -
39.
Technical University of Munich (TUM)
18.2% -
41.
Stockholm School of Economics (SSE)
16.7% -
41.
INSEAD
16.7% -
41.
Swiss Federal Institute of Technology in Lausanne
16.7% -
41.
Universidad Carlos III de Madrid (UC3M)
16.7% -
45.
City University London
15.4% -
46.
University of New South Wales (UNSW)
14.3% -
46.
Indiana University at Bloomington
14.3% -
46.
Rice University
14.3% -
46.
Pennsylvania State University at University Park
14.3% -
46.
Drexel University
14.3% -
46.
Northeastern University
14.3% -
46.
Tsinghua University
14.3% -
46.
University of Geneva
14.3% -
46.
University of Zurich
14.3% -
55.
Massachusetts Institute of Technology
13.8% -
56.
University of Pennsylvania
13.3% -
56.
Texas A&M University at College Station
13.3% -
58.
Arizona State University
12.5% -
58.
University of Washington at Seattle
12.5% -
58.
University of Colorado at Boulder
12.5% -
61.
University of Warwick
11.8% -
62.
Kings College London
11.1% -
63.
ESSEC
10.0% -
63.
University of Hong Kong
10.0% -
63.
University of Oxford
10.0% -
66.
Columbia University
9.5% -
66.
Stanford University
9.5% -
68.
University of Melbourne
9.1% -
68.
Goethe-University of Frankfurt
9.1% -
68.
Tilburg University
9.1% -
71.
University of Southern California
8.3% -
71.
Hong Kong Polytechnic University
8.3% -
71.
University of Innsbruck
8.3% -
71.
London School of Economics and Political Science
8.3% -
75.
Harvard University
7.7% -
75.
New York University
7.7% -
75.
University of California at Los Angeles
7.7% -
75.
London Business School (LBS)
7.7% -
75.
Vrije Universiteit Amsterdam
7.7% -
80.
University of Texas at Austin
7.1% -
81.
EDHEC
6.7% -
81.
Erasmus University
6.7% -
83.
Imperial College London
5.6% -
84.
Duke University
5.0% -
85.
Bocconi University
3.6% -
86.
McGill University
0.0% -
86.
University of British Columbia
0.0% -
86.
University of Gothenburg
0.0% -
86.
HEC Paris
0.0% -
86.
University of Chicago
0.0% -
86.
University of Illinois at Urbana-Champaign
0.0% -
86.
Washington University at St. Louis
0.0% -
86.
University of Notre Dame
0.0% -
86.
University of Maryland at College Park
0.0% -
86.
University of Florida
0.0% -
86.
Emory University
0.0% -
86.
University of Houston
0.0% -
86.
Georgia Institute of Technology
0.0% -
86.
Michigan State University
0.0% -
86.
Georgetown University
0.0% -
86.
Princeton University
0.0% -
86.
University of Texas at Dallas
0.0% -
86.
University of California at San Diego
0.0% -
86.
Boston University
0.0% -
86.
University of Rochester
0.0% -
86.
Dartmouth College
0.0% -
86.
Johns Hopkins University
0.0% -
86.
Georgia State University
0.0% -
86.
State University of New York (SUNY) at Buffalo
0.0% -
86.
Chinese University of Hong Kong (CUHK)
0.0% -
86.
City University of Hong Kong
0.0% -
86.
Frankfurt School of Finance and Management
0.0% -
86.
Humboldt University at Berlin
0.0% -
86.
University of Cambridge
0.0% -
86.
University of Edinburgh
0.0% -
86.
Lancaster University
0.0% -
86.
University of Lausanne
0.0% -
86.
Universita della Svizzera Italiana, Lugano
0.0% -
86.
University of Bern
0.0% -
86.
University of Amsterdam
0.0% -
86.
IE University
0.0% -
86.
University of Navarra
0.0% -
86.
Pompeu Fabra University
0.0% -
86.
University of Turin
0.0% -
86.
University of Cyprus
0.0% -
86.
Copenhagen Business School
0.0% -
86.
University of Copenhagen
0.0% -
86.
Aalto University
0.0% -
86.
Indian School of Business
0.0% -
86.
NOVA University Lisbon
0.0% -
86.
Singapore Management University
0.0% -
86.
Nanyang Technological University
0.0% -
86.
National University of Singapore (NUS)
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.
