Fertility coverage, aka “egg freezing,” has been hailed as the latest breakthrough benefit for women to break through Wall Street’s very thick glass ceiling.
With egg freezing, mommy leave can be delayed until women have established a solid career, as many successful women working in banking and trading will attest. Wall Street gets to retain a more diverse talent pool that would otherwise migrate to the green pastures of tech, which began offering such benefits about a decade ago.
I’m not saying I ascribe truth to these sinister motives but it is something that some young women working at major investment banks have been discussing and lamenting. Recently through a banking source, I heard the story of a 26-year-old woman executive at Morgan Stanley who believes there is pressure on young women like herself to freeze their eggs if they want to advance.
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