Compared to 30 years ago, women today have far greater representation and visibility in the workplace. Yet, men still dominate management and leadership positions in organisations i.e. CEO, senior, and executive-level positions. According to the Central Statistics Office (CSO), women make up less than 20 per cent of CEO roles and account for fewer than one-third of senior executive team positions.
While leadership and management are often closely intertwined, they are not the same.
Are leaders always managers, or are managers necessarily leaders?
The answer is no, leadership and management are distinct, and individuals may excel in one without necessarily being effective in the other.
So, what does it take to become a good leader?
Vision comes up repeatedly in discussions of leadership: a leader is someone who inspires people and moves them toward a shared goal, aligning individuals to work together effectively. This is not necessarily someone in a senior role; for many men and women alike, it could be the colleague sitting beside them who offers support, encouragement, and guidance, it might be a family member who has empowered them through empathy, or a manager who continually challenges them to reach their potential.
Good leaders embody the foundation of their organisation while having a clear vision and direction. For leaders, being part of a team that.
What does it take to be an effective manager?
While leadership focuses more on the vision, management focuses more on practices/processes. High performing teams are driven by high performing managers, with communication being one of the top requisites for a good manager. Incorporating a culture of constructive feedback – promoting a cycle of listening, learning and advising is crucial for this. Coaching and providing mentorship in achieving goals.
Leadership isn’t defined by your job title, nor is management simply about overseeing people. Both are skills that can be developed throughout your career, and every opportunity to learn, seek feedback, and support others helps shape the leader you become.
The Female Financial Advisory Circle (FFAC) was created to help more women build those skills together. Through industry insights, shared experiences, practical learning, and meaningful connections, we’re creating a community where women can develop with confidence and support one another throughout their careers.
If you’re looking to grow your leadership potential, expand your network, and stay connected with other women in financial advisory, we’d love to welcome you to the FFAC.