The Wall Street Skinny cover logo

55. Women on Wall Street: Is There a Problem with Female Managers?

1h 12m · The Wall Street Skinny · 03 Apr 11:00

The Wall Street Journal recently published an article titled "Women Aren't Getting the Big Jobs at Goldman Sachs, and They're Heading for the Exits" (linked below). That same day, we were asked by our social media community whether our best managers were male or female when we were working at investment banks. Our answer? Male.

We received HUNDREDS of messages from our community --- from mostly women --- saying their experience with female managers on Wall Street was overwhelmingly negative.

So we wanted to have a frank, open discussion of these two distinct but very related topics in a public forum to discern what the nature of the problem is and to try and suggest possible solutions.

We are joined by two amazing women for this conversation: Carissa Jordan and Nikki Boulukos, currently the co-founders of Benjamin Talks, a company on a mission to facilitate financial literacy for people of all ages starting with children. Carissa and Nikki started their careers in Fixed Income and Equities Sales & Trading at Goldman Sachs, and rose through the ranks before exiting for individual reasons we will discuss.

This will be the first of many conversations with women ranging from the junior most levels all the way to the C-suite. Anyone working on Wall Street or planning on a career in the industry needs to listen to this episode.

https://www.wsj.com/finance/investing/goldman-sachs-women-big-jobs-leaving-09112f6a

Nikki Boulukos is Co-Founder and Co-CEO of Benjamin Talks

  • BA in Psychology & Economics from Harvard. Additionally, cross-registered and completed coursework in Accounting & Finance at Massachusetts Institute of Technology and London School of Economics.
  • Captained the Varsity Women's Soccer team for three years at Harvard, first three-year captain in school history. All Ivy selection and Academic All American nominee.
  • Financial analyst at Goldman Sachs on Equity Research Sales desk. Member of Women's Steering Committee.
  • Later served as COO & Vice President of San Francisco-based beverage start-up, Wanu Water (fka FLUROwater) and later founded Seirén, an on-demand app company in the beauty space.
  • Nikki now lives in Cold Spring Harbor, NY with her husband and their three small, financially-savvy kids.

Carissa Jordan is Co-Founder and Co-CEO of Benjamin Talks

  • BBA in Finance from Hofstra University. Member of Honors College. Carissa also held internships at Ivy Asset Management, MF Global and Goldman Sachs throughout college.
  • Associate at Goldman Sachs in FICC on the credit trading desk.
  • Carissa later joined J.P. Morgan Private Bank where she worked as an investor associate.
  • Carissa currently resides in Lloyd Harbor, NY with her husband and the three young children whose innate curiosity about money sparked her passi

Sign up to attend MISS EXCEL’S FREE MASTERCLASS LIVE 

  • Wednesday, April 17  at 3pm EST
  • Friday, April 19 at 12pm EST

OR to get the replay:

Register Here!
https://links.miss-excel.com/exclusive?ref=thewallstreetskinny

The  Funds4Teachers event is happening the dates below:

Locations/Dates
Atlanta - Apr 25
Boston - June 6
Chicago - June 18
New York - Sep 26

To learn more about how to support this initiative and register click here: https://iconnections.io/funds4teachers/

Follow us on Instagram and Tik Tok at @thewallstreetskinny

https://www.instagram.com/thewallstreetskinny/

The episode 55. Women on Wall Street: Is There a Problem with Female Managers? from the podcast The Wall Street Skinny has a duration of 1:12:41. It was first published 03 Apr 11:00. The cover art and the content belong to their respective owners.

More episodes from The Wall Street Skinny

73. What It Takes to Be a Credit Investor with Ty Wallach

In the second of our three SALT iConnections interview series, we sat down with Ty Wallach, a living legend in the credit investing world.
Ty was a partner and portfolio manager at Oak Hill and Paulson, two of the most successful and famous names in investing over the past three decades, and is currently the CIO of Atlast Merchant Capital.
We spoke with Ty about his role as an investor in both the debt and equity during the Caesar’s Palace Coup (check out episodes 39, 40 and 41 for a deep dive into one of the most infamous deals of all time!), how Paulson made billions investing during the Global Financial Crisis of 2008, relative value investing within the capital structure of a company, the Orwellian relationship between the markets and economic data in the current environment, and about the optimal paths to pursuing a career as a credit investor, specifically with regard to the merits of the CFA for advancement along that path.
A must listen for anyone interested in public markets or private credit investing!

Follow us on Instagram and Tik Tok at @thewallstreetskinny

https://www.instagram.com/thewallstreetskinny/

72. The Skinny On T+1 Settlement Change, Citi's Fat Finger Trade, Hedge Fund Fund Raising, and Private Credit

The Skinny On T+1 Settlement Changes, Citi's Fat Finger Trade, Hedge Fund fundraising woes, and Private Credit!


Follow us on Instagram and Tik Tok at @thewallstreetskinny

https://www.instagram.com/thewallstreetskinny/

71. From Wall Street to the White House and Back Feat. Anthony Scaramucci

Live from SALT iConnections in NYC, we are joined by Anthony Scaramucci, a financial, political, and pop culture icon here in America. Anthony worked at Goldman Sachs, is the founder of SkyBridge Capital (a global alternatives investment firm), and is the founder of the SALT iConnections cap intro conference...but is possibly most infamous for his 11 day stint as the White House Communications Director during the Trump administration. Particularly timely as many gear up for their summer internships, Anthony shares with us his lessons in resilience, in learning to chase personal growth vs prestige, and in how to graciously take a joke.
Anthony's latest book, "From Wall Street to the White House and Back," is a must-read and is available here: https://www.amazon.com/gp/aw/d/1637584636/ref=tmm_hrd_swatch_0?ie=UTF8&qid=&sr=

The  Funds4Teachers event is happening the dates below:

Locations/Dates
Atlanta - Apr 25
Boston - June 6
Chicago - June 18
New York - Sep 26

To learn more about how to support this initiative and register click here: https://iconnections.io/funds4teachers/

Follow us on Instagram and Tik Tok at @thewallstreetskinny

https://www.instagram.com/thewallstreetskinny/

70. The Skinny On NVDA's Stock Split, SALT iConnections Recap, and Gold Decoupling

We're BACK from a whirlwind 48 hours in NYC, fully rested and ready to give you the skinny on the latest in global markets. First, a quick recap of our adventures at one of the world's largest cap intro conferences, where we got to chat with some of the industry's greatest thought leaders and meet new friends throughout the industry. Next up, a quick note on today's Bloomberg article (linked below) discussing the decoupling of Gold and US Treasuries for the first time in 50 years. And finally, we touch on NVDA's spectacular sales growth and their stock split announcement, the mechanics of which Kristen explains in detail.

https://www.bloomberg.com/news/articles/2024-05-23/bonds-decades-long-lead-over-gold-vanishes-as-debt-worries-grow

The  Funds4Teachers event is happening the dates below:

Locations/Dates
Atlanta - Apr 25
Boston - June 6
Chicago - June 18
New York - Sep 26

To learn more about how to support this initiative and register click here: https://iconnections.io/funds4teachers/

Follow us on Instagram and Tik Tok at @thewallstreetskinny

https://www.instagram.com/thewallstreetskinny/

69. Capital Intro 101 with Ron Biscardi

We talk about Hedge Fund, Private Equity, and other "Alternative" Investment Funds all the time. But we don't always stop to ask, "how do they get all their money?" In this episode, we sat down with CEO of iConnections Ron Biscardi to explore the world of "Cap Intro": the ecosystem within which capital --- meaning, the money from pension funds, endowments, foundations, insurance companies, family offices etc --- gets allocated to fund managers in the Alts space. We learn about seed capital (money that gets new funds off the ground), explore the roles of third party marketers, broker dealers, & prime brokerage within a bank when it comes to cap intro, and discuss how iConnections has built a platform backed by technology to facilitate the world's largest cap intro conferences.

An expert in relationships and connecting people, Ron also shares his experience involving athletes, stars, and influencers like Kim Kardashian, Shaquille O'Neal, and Eli Manning in the conversation, all of whom have become formidable investors in their own right and are at the forefront of deal making in the space today. We are so excited to share this episode ahead of next week's SALT iConnections conference in NYC from May 20-21, where (thanks to Ron!) we will sharing live interviews with some of the industry's most influential and innovative thought leaders.

The  Funds4Teachers event is happening the dates below:

Locations/Dates
Atlanta - Apr 25
Boston - June 6
Chicago - June 18
New York - Sep 26

To learn more about how to support this initiative and register click here: https://iconnections.io/funds4teachers/

Follow us on Instagram and Tik Tok at @thewallstreetskinny

https://www.instagram.com/thewallstreetskinny/

Every Podcast » The Wall Street Skinny » 55. Women on Wall Street: Is There a Problem with Female Managers?