Women's History Month - 1998 FWA Public/Non-Profit Sector Woman of the Year, Alice Rivlin

March 21, 2024

Paving the Way Forward for Women in Finance


Throughout Women's History Month, we're highlighting a variety of women from FWA's history - awardees, past presidents, and more who forged a path for women in the financial community. In their honor, we ask that you make your own contribution toward paving the way forward for all women in finance this month!


This week, we're highlighting Alice Rivlin, who was awarded the FWA awarded Public/Non-Profit Sector Woman of the Year in 1998 recognition of her service as Vice Chair of the Federal Reserve Board of Governors. She also served as Deputy Assistant Secretary of Health, Education and Welfare for Program Analysis and Director of the Congressional Budget Office, and she was the first female Deputy Director of the Office of Management and Budget.

Alice Rivlin was a pioneer for women in top positions. She attended Bryn Mawr College as an undergraduate and graduated from Harvard’s Radcliffe College in 1958 as one of the few women to have earned a PhD in economics. 


After proving herself in research and analysis as a fellow at the Brookings Institution, President Lyndon Johnson named Rivlin Deputy Assistant Secretary of Health, Education and Welfare for Program Analysis in 1966. In 1974, she was appointed Director of the newly created Congressional Budget Office, a position she held for eight years. In 1993, President Bill Clinton named her the nation’s first women Director of the Office of Management and Budget. From there, she served as Vice Chair of the Federal Reserve Board of Governors. Rivlin is remembered for providing objective, nonpartisan information to help Congress make effective budget and economic policy.


Alice Rivlin paved the way forward for the next generation of women in finance, and now it’s your turn to do the same.


We're calling on YOU to be one of 100 donors who will make an impact during Women's History Month! Be the next to support our mission of advancing all women with a donation of $25, $50 or $100 dollars!


No donation is too small - it's a chance to put your brick in the road to success for future women in financial services.


September 4, 2025
The Financial Women’s Association (FWA) announces the release of a new white paper, The Post-Pandemic Return Among Women in Finance , authored by cultural anthropologist Dr. Melissa Suzanne Fisher. Commissioned by the FWA, the report examines how return-to-office policies and shifting workplace norms continue to shape careers in the financial services industry and outlines practical steps firms can take to build more resilient, inclusive, and future-ready workplaces. Based on pandemic and post-pandemic research, the report offers an analysis of challenges that remain highly relevant today: balancing work and family responsibilities, supporting employee well-being, and dismantling systemic barriers that hinder career success. Drawing on interdisciplinary social sciences and firsthand accounts, the report highlights persistent cultural and structural barriers that limit progress across the industry. The report highlights that while the pandemic's remote work experiments offered employees new ways to balance work and personal life, the push for a full-time return to the office threatens this progress. Key recommendations highlighted in the report include: Responsibility of caregiving and work/life balance should be shared across the organization, rather than leaving individuals to manage these challenges alone. Firms should focus on addressing bias and discrimination embedded in their systems, not just changing individual attitudes. New models of mentoring and support are needed to reflect evolving work environments (such as hybrid work) and changing employee needs. Dr. Fisher, author of Wall Street Women , and a faculty member at Parsons School of Design, as well as a Senior Advisor at CFAR Consulting and Coaching Services, argues that supporting employees in balancing work, family, and personal needs is not only the right thing to do - it also drives innovation, effectiveness, and long-term profitability. The Financial Women’s Association has championed the advancement of women across the financial industry for nearly 70 years. This report adds to that tradition by offering actionable strategies firms can adopt to create more welcoming, supportive, and equitable workplaces so all employees can thrive. 
September 2, 2025
The FWA Member2Member mentoring program helps advance the FWA mission of accelerating leadership and success of women in the financial community. The program pairs experienced FWA members with those eager to build leadership skills and advance their careers. We're pleased to announce that the next cohort of the Member2Member program will run from November 2025 through April 2026. Applications are open now, and the deadline to apply is Monday, October 6, 2025 .* Our goal is to create meaningful mentor and mentee partnerships where pairs work together to identify strengths, uncover opportunities, and empower the mentee. We also encourage networking and reverse mentoring among members of the cohort. Interested in participating? Learn more here! *The Member2Member program is only open to FWA members. Not currently a member? Join or renew today!
August 21, 2025
Last night, FWA board member Katrin Dambrot hosted Stories from School , an evening of connection and community in support of the FWA Mentorship and Scholarship Program at Seton Hall University . The theme of the evening was moments that matter. Guests shared personal accounts of mentors and experiences that shaped their college years and early careers—powerful reminders of how guidance and opportunity can change lives. Thanks to our generous supporters, we’ve raised $17,000 toward our $25,000 goal! To help us continue supporting the next generation of leaders, make a gift here .
August 19, 2025
We are excited to announce that the Financial Women’s Association is planning to host its next International Business Conference in Abu Dhabi and Dubai in April 2026. This one-week immersive conference will feature high-level meetings with financial leaders, global innovators, and cultural experiences. If you’d like to receive early updates and priority access as plans develop, please complete the short interest form below. Space will be limited.
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