Many women report that sexism is still rife on Wall Street, albeit less overt. Sexual discrimination charges by women at finance companies dropped 28% from 2000 to 2009, according to data from the Equal Employment Opportunity Commission. But the number of charges per woman in the industry climbed during the recession in 2008 and 2009. Monica Murphy…an entrepreneur who worked at Goldman for six years, said the social aspect of the job was awkward. “I always was invited out, as were the other younger women, but oftentimes you didn’t want to go,” she said. “It was a strange thing to be 24 and to be going to drinks with 45-year-old men.” Muntean said that many of her female coworkers got smaller bonuses because they didn’t golf or pal around with male managing directors. “There were a couple that tried to be buddy-buddy with the guys, but it never really worked,” she said. “It wasn’t like the ’60s, getting slapped on the butt all the time. It was very subtle.” [FINS]

Of course, there are exceptions.

Comments (17)

  1. Posted by Mitch Cumstein | August 31, 2010 at 9:32 PM

    Those were the days – when you didn’t have to fuck around with dry eraser markers and catheters.

    -Guy With a 7 Foot Tail Based on Merit, Not Punishment

  2. Posted by CaptK | August 31, 2010 at 9:39 PM

    That is the most ridiculous thing I’ve ever heard. Sexism? Really? I’m a guy in my 20′s and get asked to drinks with my team (which is mostly 40 something senior guys) all the time. And yes, there is pressure to go. It’s not fucking sexual pressure, it’s social pressure. It’s the prudent, career-oriented thing to do. Finance is a social game, and these are the things you do when you’re trying to advance your career. Sometimes you put on a smile and have drinks with the boys.

    Oh you got a shitty bonus? Was it directly because you didn’t attend happy hour drinks with everyone else in the office? Or was it because nobody really ever saw you as part of the team as a result of your overly sensitive bullshit? Guess what ladies, not everyone is trying to sleep with you all the time. Get rid of that fucking chip on your vagina and step up to the plate – you’re only keeping yourselves down. Have you ever considered that the “very subtle” sexism is all in your head?

  3. Posted by CoveredLong | August 31, 2010 at 9:40 PM

    So, now they’re not getting slapped on the ass and it’s discrimination because they feel ‘excluded’. Can’t win.

    Ping might’ve been on to something – if you can’t beat ‘em, join ‘em.

    -A Sinic

  4. Posted by TingTong | August 31, 2010 at 9:41 PM

    Ain’t that the truth. I went with the flow and allowed a few whiteboard marker insertions but it never got me more than 5k at year end.

  5. Posted by Seaman Bodine | August 31, 2010 at 9:45 PM

    Any dumb slut on the Street that doesn’t think her vag and rack are nothing but huge fucking advantages should punt and head to the Empire Club

  6. Posted by Anonymous | August 31, 2010 at 9:55 PM

    Wonder what the “entrepreneur” did at GS for six years.

    Also wonder if she has a face that scares small children and animals.

  7. Posted by Tess McGill | August 31, 2010 at 10:10 PM
  8. Posted by guest | August 31, 2010 at 11:04 PM

    Monica fails to see the flip side. Many of these 45 yo men would probably prefer to go out for drinks with colleagues their own age rather than listen to 22-24 yo sychophant gibberish.

  9. Posted by Anonymous | August 31, 2010 at 11:13 PM

    “chip on your vagina”

    hah

  10. Posted by black ghost | August 31, 2010 at 11:29 PM

    with criminal charges sure to be filed at goldman their executives are building cash to get away with!

  11. Posted by Anonymous | September 1, 2010 at 1:23 AM

    Them broads will eventually learn that we’re cagey bastages.

  12. Posted by Investorcluzo | September 1, 2010 at 11:21 AM

    I love the comment about not “playing golf” with the managing director – please, those invitations are few and far between. If you’re an analyst or associate and got the invite, it’s because your dad belongs to Merion or Shinnecock or you’re a great golfer…has nothing to do with the skills you demontrate at work. just sayin’

  13. Posted by Guest | September 1, 2010 at 12:11 PM

    The real question I have is, did she have to eat the soggy biscuit?

  14. Posted by charles festerbottom | September 1, 2010 at 3:28 PM

    nail>head. no pun intended. And guess what? Chip knows it’s b/c he is a scratch golfer and his dad is a member. And is smart enough to pretend not to care/acknowledge-

  15. Posted by Ham | September 1, 2010 at 7:19 PM

    asset management firm on park avenue south does the same

    but 50-year old guys in stead of 40-year old guys

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