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New York Times – Wall Street Mothers, Stay-Home Fathers

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Published by: Dutyfy

11th December 2013

The New York Times published a fascinating article earlier this week providing an insight into the lives of Wall-Street Mothers with stay-at-home fathers. In such a highly competitive business, where employees must be constantly focused entirely on work, the ‘new intensity’ of the stay-at-home husband is supporting high-powered women on Wall Street to compete at the same level as their male counterparts. Despite only 16 percent of bank executives being female, the number of women in finance with stay-at-home spouses has increased nearly tenfold since the ’80s, which will no doubt continue to climb.

The banks do promote policies on flexible hours and work-life balance, along with flex time which permits employees to work from home a few days a week, however, these continue to carry stigma in the workplace, pressuring women who wish to succeed, with many quitting their positions after having children. Regardless of this, the banks themselves are relentlessly perusing women to recruit and retain female employees, using “speed mentoring”, wine tastings and even golf classes used for networking. Is it just the male employees who produce the stigma, not the banks themselves?

Whilst Wall-Street Mothers continue to thrive in finance, stay-at-home fathers are facing issues of exclusion from the social infrastructure that women have established over generations. With “Mommy and Me” classes, partnered with exclusion from committees and groups for parents, usually the mothers, it appears that fathers are less excepted by their female counterparts as working mothers by their peers.

Will Wall-Street Mothers ever match up to the number of businessmen? Are stay-at-home fathers to be as commonplace and well supported as stay-at-home mothers. Should someone have to be a stay-at- home parent if one of the couple works in a high-pressured Wall-Street job, or should companies be making more effort to change more than just hiring women?

Share your thoughts with us below.

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