CFA Institute | December 05, 2017
Researchers Renée B. Adams, Brad M. Barber, and Terrance Odean, surveyed CFA Charter holders from around the globe to test the hypothesis that early role models, particularly female role models, influence women’s choice of a finance career. Findings supported the thesis, showing women are more likely to have a STEM parent (particularly a STEM mother) than men, and STEM mothers increase the girls’ rate of becoming a CFA Institute member by 48% more than the boys’ rate.