On August 24, 2013, a vibrant flame was damped when Muriel Siebert passed away at the age of 80. We say “damped” because her flame can never be entirely extinguished. She is a pioneer and inspiration to women professionals.
Muriel Siebert founded the nationally renowned brokerage Muriel Siebert & Co., and in 1967 she became the first woman to own a seat on the New York Stock Exchange. Her vision, drive, and intelligence couldn’t be ignored by the male-dominated field of money and finance, but that didn’t mean her way was made easy.
In this short video on Makers.com, Siebert discusses her professional journey, which is filled with some unbelievable statistics, scattered throughout the remarkable theme. For example:
- Quickly after becoming an entry-level research analyst on Wall Street, she began placing direct orders for clients and soon developed a following.
- Even so, she only made 60% of what her male colleagues made for similar or lower-quality work.
- Not only was she the first woman to own a seat on the New York Stock Exchange, she was the first woman to ever submit an application.
- She was 1 woman amidst 1374 men.
When she asked which large firm might hire her and pay her equally, she was told, “Don’t be ridiculous.” That’s when she started her own.
Siebert is one of many brave women professionals, such as architect Denise Scott Brown, who have paved the way for females in predominantly male industries. That being said, Siebert’s firm is still the only nationally recognized brokerage headed by a woman. There is still much work to be done.