Some of the not too surprising results included:
- White men held about 46% of managerial jobs at insurance companies in 2004.
- Insurers ranked last in terms of employment of minority men as managers. Only 5.4% of insurance company managers were minority men in 2004.
- 7.5% of insurance company managers were minority women. Minority women held more than 10% of the management posts at banks and other credit institutions but fewer than 6.5% of the management posts at investment companies, investment trusts, security and commodity brokerage firms.
- Almost 41% of insurance company managers were white women.
It seems there is a slow but steady increase of minority representation in the financial sector. Just as it took a long time for white women to ascend to managerial positions it will take quite a while for more non-white managers to show up.
Looking at the 2000 census numbers there is a big misrepresentation of minorities in management positions. White Americans make up 75 percent of the population meaning a non-white representation should be closer to 25 percent. Assuming everyone had equal access to education and opportunities that should be possible.
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