The arrival of women in banking

1880-...

Typing office of the BNCI's administative annex in Paris (1950's) - BNP Paribas Historical Collections


Up until the 1880s, bank employees were exclusively male. But the creation of new administrative departments – never in direct contact with customers – coincided with the first hiring of women in the major financial establishments.

Contrary to common belief, women were being taken on to work in banking before the First World War. This was part of a wider movement that saw the feminisation of clerical work, with the fairer sex often deemed more “competent” or “conscientious” and sometimes even more “honest”.

 

Behind the scenes at the bank

Women seemed perfect for the jobs that were primarily created at the head offices of the large banks in Paris in the administrative departments, for example collections, accounts and, more especially, the securities and coupons offices. Whether it was at the Crédit Lyonnais, Société Générale, Banque de France, at Rothschild Frères or at the Comptoir national d’escompte de Paris (CNEP), women were busy at their immaculately aligned desks in what today we would refer to as the back office. In the securities office, they worked on the bonds: when the coupons were paid, they detached them and pasted them onto the pages of the bank’s big ledgers, noting the date and name of the person to whom the amount was paid. They worked under the scrutiny of a senior employee who was also a woman since women had no contact with customers or with their male colleagues. In certain banks, they entered the building through a special entry and in all the establishments where they were employed, they worked and took their meals in separate rooms.

 

Fiche de mouvements de personnel d'une employée du service du Portefeuille au Comptoir national d'escompte de Paris (CNEP), 1926. Archives historiques BNP Paribas

Staff movement form of  a  woman employed in the “Portefeuille Department” at the Comptoir National d’Escompte de Paris (CNEP),1926 – BNP Paribas Historical Collections

Their numbers kept rising

In 1909, women, often young and educated from the middle classes, who needed to work, represented one tenth of the main staff at the Crédit foncier. In 1914,  they accounted for almost 25% of the total Parisian staff at the CNEP (700 out of 3,000). But these figures hide a disparity in status. Women were paid lower salaries than their male counterparts and had far less job security. In the bearer bonds department for example, they could be hired the day before the main payment dates and dismissed immediately afterwards. In the less seasonal departments, their status was often only that of an auxiliary and it took them far longer than men to obtain a permanent status.

 

STyping room at the administrative centre of the Banque Nationale pour le Commerce et l'Industrie (BNCI) around 1960. BNP Paribas Historical Archives

Typing room at the administrative centre of the Banque Nationale pour le Commerce et l’Industrie (BNCI) around 1960. BNP Paribas Historical Archives

Centre administratif de la BNP à Montreuil-sous-Bois (France) en 1974. Cliché du Studio Chevojon - Archives historiques BNP Paribas

Administrative Centre of the BNP in Montreuil-sous-Bois (France), 1974. Picture of the Studio Chevojon – BNP Paribas Historical Archives

 

 

 

 

 

 

 

 

 

 

An important role for women in the bank

Today, women account for 54% of the total workforce of BNP Paribas Group, and 50.3% of new recruits (31/12/2014). They are present in all areas of banking activity. The Group is keen to promote gender equality in all areas of the workplace. In 2011, it put in place a programme to help women move into management. Reflecting this aim, the bank reached its target in 2014 of 25% of women in senior managerial positions, compared with just 18.4% in 2011. For 2020, the aim is to increase the percentage of women in senior management to 30%.

 


Tweet posted on BNP Paribas HR team Twitter account dedicated to the #MITUP, a meeting organized by the bank about women in IT.

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Since 1822, history has made us a key player and a witness of transformations taking place in society and economy in Europe and around the world. We invite you to share in our story and explore our archives to learn more about our constantly changing world.
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