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Lessons from pioneering women in the banking and financial services sector economy

manhattantribune.com by manhattantribune.com
23 November 2024
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Lessons from pioneering women in the banking and financial services sector economy
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11/23/2024–|Last updated: 11/23/202412:20 AM (Mecca time)

In a recent report, Forbes magazine highlighted the leadership role of women in the banking and financial services sector, as they drive innovation, transcend traditional barriers, and provide influential insights into money management, professional growth, and leadership.

A group of the most prominent women leaders in this field shared essential advice that can benefit all professional levels.

Tips from leading female leaders

  • Start early and invest with confidence

Bank of America Head of Retail Banking Holly O’Neill stresses the importance of building financial foundations early.

O’Neill said in an interview with Forbes, “Start saving early, set a clear budget and stick to it, and do not spend money you do not have. Building sound financial habits requires effort, but it is a fruitful investment in the long term.”

O’Neill also stressed the importance of leaving the comfort zone and seizing new opportunities, noting that different experiences enhance personal and professional growth.

  • Building strong professional networks

While Executive Vice President and Director of Marketing at Fifth Third Bank, Melissa Stevens, highlighted the importance of building and maintaining professional relationships.

“Stay curious and connected,” Stevens explained in her talk. “You can gain invaluable knowledge and skills through others.”

Investing in yourself is the best investment you can make (Shutterstock)
  • Recognizing personal value and defending rights

While Everbank Marketing Director Megan Johnson called on women to realize their strengths and stand confidently in the face of challenges.

“Knowing your self-worth enhances your ability to seize new opportunities with confidence,” Johnson said. She also provided practical financial advice such as making the most of tax benefits and monitoring your investments to ensure profitable returns.

  • Long-term planning and self-investment

Beth Johnson, Vice President and Executive Director of Customer Experience at Citizens Financial Group, emphasized the importance of focusing on long-term goals.

“Define your goals clearly and allocate your resources wisely to achieve them,” Johnson said. “And always remember that investing in yourself is the best investment you can make.”

  • Discuss money openly and make bold decisions

Finally, Swati Bhatia, Head of Retail Banking and Transformation at Santander Bank, stressed the importance of discussing financial matters transparently and managing risks courageously.

“Money is not a taboo subject. Discuss it openly, plan it carefully, and make your financial decisions work for you,” Bhatia said.

Tags: bankingeconomyFinanciallessonsPioneeringsectorserviceswomen
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