Female MBA Promoted For Saving Bank of America
February 11, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
As a sign that women are starting to be considered for executive positions if they show promise, a female MBA was recently appointed as the co-head of Bank of America's global capital-markets business.
Lisa Carnoy, who helped the bank get out of the financial crisis, was dubbed as the $19 billion woman for her leadership of raising $19.3 billion for the bank conglomerate in one night, according to the Wall Street Journal. This move allowed the bank to repay its government loan, releasing it from taxpayer ownership.
Because of her success, Carnoy is considered one of the most powerful women on Wall Street. Bank of America is also known for their equal opportunity when it comes to gender roles in executive positions. Sallie Krawcheck is the president of the bank's global wealth and investment-management unit.
In addition to her MBA degree, Carnoy joined Merrill Lynch in 1994, moving with the company when it merged with Bank of America in 2009.
It's been widely reported that MBA programs are still a man's world, which is why it's important for more women to enroll if they want to succeed in the business world. Some of the most diverse campuses still only have 45 percent of women in their MBA programs, according to the Financial Times.
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