Women in India navigate a complex landscape when it comes to financial empowerment. Societal norms, limited access to education, and traditional gender roles often hinder their path to financial independence. However, initiatives aimed at empowering women are gaining traction, shedding light on the factors influencing their career decisions and job choices.  

Career Priorities 

For women in the workforce, career advancement and competitive salaries are key. Salaried women prioritise professional growth and financial stability, with 69% valuing these aspects. On the other hand, 42% of self-employed women value independence and flexible hours, reflecting their desire for autonomy. 

Marital Status and Career Choices 

Marital status also plays a role in career decisions. Unmarried women are more inclined to pursue career growth and competitive salaries, with 79% prioritising these aspects, compared to 66% of married women. 

Age and Career Preferences 

Age influences career preferences, with younger women (25-35) focusing more on competitive salaries (34%), while older women (above 45) prioritise it less (15%). This shift highlights the evolution of priorities with age and experience. 

Challenges in the Workplace 

Despite progress, gender disparities persist, with salaried women facing a 23% gender pay gap, and 16% perceiving gender bias at work. This grim reality is often attributed to factors such as lack of financial independence among women, underscoring the critical need for financial education and empowerment.  
 
These disparities have deep historical, political, and cultural roots, making it challenging to effect change quickly. However, financial literacy offers a beacon of hope in this landscape. It is not just a tool for empowerment; it’s a gateway to financial freedom and independence. By equipping women with the knowledge and skills to make informed financial decisions, we can break the cycle of inequality and pave the way for a more inclusive society.  

 
Empowering Financial Decision-Making  

Financial literacy is a crucial skill for everyone, not just women. It empowers individuals to seize better job opportunities, higher incomes, and secure futures, enabling them to manage finances, plan, and achieve goals. Nergy Vidya’s Personal Finance course fills this need by offering practical guidance on budgeting, investing, and financial planning. Tailored for students, professionals, and entrepreneurs, this course equips individuals with the tools to navigate finance confidently. It’s a superpower everyone should possess, and this course provides a roadmap. 

(Courtesy: DBS Bank Women and Finance Survey)