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. 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

We would 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)
Based on positions at 133 research institutions, excluding non-academic staff. As of June 2021.

Summary Statistics

Female fraction across all researchers
20,3%
Female fraction across full Professors
12,4%
Number of researchers
5653
Number of institutions
133
As of June 2021

References

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 (2021)

Screenshot 2022-06-15 155439.png

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

Here you can find the raw data on female representation in financial research institutions.
Select data file

Countries

Gender distribution across countries

Females
0%
10%
20%
30%
40%
50%
Based on positions at 133 research institutions, excluding non-academic staff. As of June 2021.

Institutions

Gender distribution across institutions

  • 1.

    Stockholm University

    42,3.0%
  • 2.

    Toulouse School of Management (TSM)

    41,7.0%
  • 3.

    University of Pittsburgh

    38,9.0%
  • 4.

    University of Turin

    36,4.0%
  • 5.

    Monash University

    33,3.0%
  • 6.

    University of New South Wales (UNSW)

    31,9.0%
  • 7.

    University of Warwick

    31,6.0%
  • 8.

    Queen's University - Canada

    31,5.0%
  • 9.

    Temple University

    31.0%
  • 10.

    University of Illinois at Chicago

    30.0%
  • 11.

    Drexel University

    29,6.0%
  • 12.

    University of Zurich

    29,5.0%
  • 13.

    University of California at Irvine

    29,4.0%
  • 14.

    University of Arizona

    29.0%
  • 15.

    NOVA University Lisbon

    28,6.0%
  • 15.

    Toulouse School of Economics (TSE)

    28,6.0%
  • 17.

    University of Toronto

    28,2.0%
  • 18.

    University of Innsbruck

    27,9.0%
  • 19.

    London School of Economics and Political Science

    27,8.0%
  • 19.

    Rice University

    27,8.0%
  • 19.

    Universidad Carlos III de Madrid (UC3M)

    27,8.0%
  • 22.

    Imperial College London

    27,3.0%
  • 23.

    National University of Singapore (NUS)

    26,7.0%
  • 23.

    University of Utah

    26,7.0%
  • 25.

    University of Geneva

    26,2.0%
  • 26.

    University of Minnesota at Twin Cities

    26,1.0%
  • 27.

    Kings College London

    25,8.0%
  • 27.

    Ohio State University

    25,8.0%
  • 29.

    University of Mannheim

    25,7.0%
  • 30.

    McGill University

    25,6.0%
  • 31.

    BI Norwegian Business School

    25,5.0%
  • 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

    24,1.0%
  • 37.

    University of Gothenburg

    23,8.0%
  • 37.

    University of British Columbia

    23,8.0%
  • 39.

    Tulane University

    23,7.0%
  • 40.

    Georgia Institute of Technology

    23,5.0%
  • 40.

    City University of New York (CUNY)

    23,5.0%
  • 42.

    Lancaster University

    22,7.0%
  • 42.

    Tsinghua University

    22,7.0%
  • 44.

    University of Hong Kong

    22,6.0%
  • 45.

    University of Texas at Dallas

    22,5.0%
  • 46.

    University of Lausanne

    22,2.0%
  • 46.

    City University London

    22,2.0%
  • 46.

    Humboldt University at Berlin

    22,2.0%
  • 49.

    University of Southern California

    22,1.0%
  • 50.

    University of Manchester

    22.0%
  • 51.

    University of Edinburgh

    21,9.0%
  • 52.

    University College London

    21,7.0%
  • 52.

    Cornell University

    21,7.0%
  • 54.

    Erasmus University

    21,3.0%
  • 55.

    University of Michigan at Ann Arbor

    21,1.0%
  • 55.

    University of Virginia

    21,1.0%
  • 57.

    Arizona State University

    21.0%
  • 58.

    Purdue University

    20,8.0%
  • 59.

    Vrije Universiteit Amsterdam

    20,7.0%
  • 59.

    University of Missouri at Columbia

    20,7.0%
  • 61.

    University of Washington at Seattle

    20,6.0%
  • 62.

    Pennsylvania State University at University Park

    20,5.0%
  • 62.

    Hong Kong Polytechnic University

    20,5.0%
  • 62.

    Copenhagen Business School

    20,5.0%
  • 65.

    University of Maryland at College Park

    20,4.0%
  • 65.

    Texas A&M University at College Station

    20,4.0%
  • 67.

    Bocconi University

    20,1.0%
  • 68.

    Swiss Federal Institute of Technology in Lausanne

    20.0%
  • 68.

    Carnegie Mellon University

    20.0%
  • 70.

    University of Amsterdam

    19,4.0%
  • 70.

    Boston College

    19,4.0%
  • 70.

    Massachusetts Institute of Technology

    19,4.0%
  • 73.

    University of California at Berkeley

    19,2.0%
  • 74.

    University of Illinois at Urbana-Champaign

    18,8.0%
  • 74.

    ESSEC

    18,8.0%
  • 76.

    University of Texas at Austin

    18,6.0%
  • 77.

    City University of Hong Kong

    17,9.0%
  • 78.

    Harvard University

    17,7.0%
  • 79.

    University of Vienna

    17,6.0%
  • 79.

    Frankfurt School of Finance and Management  

    17,6.0%
  • 81.

    Columbia University

    17,5.0%
  • 82.

    Yale University

    17,4.0%
  • 83.

    University of California at Los Angeles

    17,3.0%
  • 84.

    Technical University of Munich (TUM)

    16,7.0%
  • 84.

    Singapore Management University

    16,7.0%
  • 84.

    University of Pennsylvania

    16,7.0%
  • 84.

    Georgia State University

    16,7.0%
  • 84.

    Chinese University of Hong Kong (CUHK)

    16,7.0%
  • 84.

    University of Navarra

    16,7.0%
  • 90.

    Universita della Svizzera Italiana, Lugano

    16,2.0%
  • 91.

    Aalto University

    16,1.0%
  • 92.

    Northeastern University

    15,6.0%
  • 93.

    Tilburg University

    15,5.0%
  • 94.

    Pompeu Fabra University

    15,4.0%
  • 95.

    Nanyang Technological University

    15,2.0%
  • 96.

    Duke University

    15,1.0%
  • 97.

    Boston University

    15.0%
  • 98.

    Stanford University

    14,9.0%
  • 99.

    University of Colorado at Boulder

    14,8.0%
  • 99.

    University of Rochester

    14,8.0%
  • 101.

    Michigan State University

    14,7.0%
  • 102.

    New York University

    14,5.0%
  • 103.

    University of Notre Dame

    13,6.0%
  • 103.

    University of Houston

    13,6.0%
  • 103.

    University of California at San Diego

    13,6.0%
  • 106.

    Goethe-University of Frankfurt

    13,3.0%
  • 106.

    Norwegian School of Economics (NHH)

    13,3.0%
  • 106.

    Emory University

    13,3.0%
  • 109.

    Indiana University at Bloomington

    12,7.0%
  • 110.

    Princeton University  

    12,5.0%
  • 111.

    Northwestern University

    12,3.0%
  • 112.

    University of South Carolina at Columbia

    12.0%
  • 112.

    INSEAD

    12.0%
  • 114.

    University of Chicago

    11,9.0%
  • 114.

    HEC Paris

    11,9.0%
  • 116.

    IE University

    11,8.0%
  • 117.

    Washington University at St. Louis

    11,1.0%
  • 118.

    Brigham Young University

    10,7.0%
  • 118.

    Peking University, Guanghua

    10,7.0%
  • 120.

    Johns Hopkins University

    10,6.0%
  • 121.

    University of Miami

    10,5.0%
  • 121.

    Hong Kong University of Science and Technology

    10,5.0%
  • 123.

    University of Florida

    9,7.0%
  • 124.

    Dartmouth College

    9,1.0%
  • 125.

    EDHEC

    8,8.0%
  • 126.

    University of Oxford

    8,7.0%
  • 127.

    Indian School of Business

    8,3.0%
  • 128.

    University of Bern

    7,1.0%
  • 129.

    Georgetown University

    6,7.0%
  • 129.

    University of Kentucky

    6,7.0%
  • 131.

    University of Cambridge

    5,3.0%
  • 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)

    44,4.0%
  • 2.

    Ohio State University

    44,4.0%
  • 4.

    University of Virginia

    40.0%
  • 5.

    University of Pittsburgh

    37,5.0%
  • 6.

    Stockholm University

    33,3.0%
  • 6.

    University of Illinois at Chicago

    33,3.0%
  • 6.

    Carnegie Mellon University

    33,3.0%
  • 6.

    Purdue University

    33,3.0%
  • 10.

    Toulouse School of Economics (TSE)

    28,6.0%
  • 10.

    University of North Carolina at Chapel Hill

    28,6.0%
  • 10.

    Temple University

    28,6.0%
  • 13.

    University of California at Berkeley

    27,8.0%
  • 14.

    Queen's University - Canada

    27,3.0%
  • 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

    23,8.0%
  • 28.

    University of Michigan at Ann Arbor

    23,1.0%
  • 29.

    Boston College

    22,7.0%
  • 30.

    University of Toronto

    22,2.0%
  • 31.

    University of Utah

    21,4.0%
  • 32.

    City University of New York (CUNY)

    21,1.0%
  • 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

    18,2.0%
  • 39.

    Technical University of Munich (TUM)

    18,2.0%
  • 41.

    Stockholm School of Economics (SSE)  

    16,7.0%
  • 41.

    INSEAD

    16,7.0%
  • 41.

    Swiss Federal Institute of Technology in Lausanne

    16,7.0%
  • 41.

    Universidad Carlos III de Madrid (UC3M)

    16,7.0%
  • 45.

    City University London

    15,4.0%
  • 46.

    University of New South Wales (UNSW)

    14,3.0%
  • 46.

    Indiana University at Bloomington

    14,3.0%
  • 46.

    Rice University

    14,3.0%
  • 46.

    Pennsylvania State University at University Park

    14,3.0%
  • 46.

    Drexel University

    14,3.0%
  • 46.

    Northeastern University

    14,3.0%
  • 46.

    Tsinghua University

    14,3.0%
  • 46.

    University of Geneva

    14,3.0%
  • 46.

    University of Zurich

    14,3.0%
  • 55.

    Massachusetts Institute of Technology

    13,8.0%
  • 56.

    University of Pennsylvania

    13,3.0%
  • 56.

    Texas A&M University at College Station

    13,3.0%
  • 58.

    Arizona State University

    12,5.0%
  • 58.

    University of Washington at Seattle

    12,5.0%
  • 58.

    University of Colorado at Boulder

    12,5.0%
  • 61.

    University of Warwick

    11,8.0%
  • 62.

    Kings College London

    11,1.0%
  • 63.

    ESSEC

    10.0%
  • 63.

    University of Hong Kong

    10.0%
  • 63.

    University of Oxford

    10.0%
  • 66.

    Columbia University

    9,5.0%
  • 66.

    Stanford University

    9,5.0%
  • 68.

    University of Melbourne

    9,1.0%
  • 68.

    Goethe-University of Frankfurt

    9,1.0%
  • 68.

    Tilburg University

    9,1.0%
  • 71.

    University of Southern California

    8,3.0%
  • 71.

    Hong Kong Polytechnic University

    8,3.0%
  • 71.

    University of Innsbruck

    8,3.0%
  • 71.

    London School of Economics and Political Science

    8,3.0%
  • 75.

    Harvard University

    7,7.0%
  • 75.

    New York University

    7,7.0%
  • 75.

    University of California at Los Angeles

    7,7.0%
  • 75.

    London Business School (LBS)

    7,7.0%
  • 75.

    Vrije Universiteit Amsterdam

    7,7.0%
  • 80.

    University of Texas at Austin

    7,1.0%
  • 81.

    EDHEC

    6,7.0%
  • 81.

    Erasmus University

    6,7.0%
  • 83.

    Imperial College London

    5,6.0%
  • 84.

    Duke University

    5.0%
  • 85.

    Bocconi University

    3,6.0%
  • 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%
Based on positions at 133 research institutions, excluding non-academic staff. As of June 2021.

Hierarchical Levels

Gender distribution across hierarchical levels

Female Male
Based on positions at 133 research institutions, excluding non-academic staff. As of June 2021.