Updated: Monday, July 6th, 2009

Adding her voice to the ongoing debate about the role of women in the world of finance, commentator Linda Basch has written about the need for more women to pursue business careers.

Writing for the Christian Science Monitor, Basch has tried to shift the focus away from regulation as the only way to ensure a balanced financial system. In her view, more gender diversity can go a long way towards achieving that goal.

She quoted a recent study on the differences between male and female fund managers from the Center for Financial Research at the University of Cologne in Germany which found that women managers tended to take fewer extreme risks and to adopt more measured investment styles (which perform well over time).

"We have to work together - risk-averse and risk-prone, detail-oriented and big-picture thinkers - if we are going to participate in the global market strategically and wisely," she states.

Women who decide to pursue careers in finance can potentially reap significant rewards. According to the Labor Department, earnings of financial analysts can exceed $130,000, and employees can count on performance bonuses to boost their salaries.

Accredited MBA degrees are a great way to set out on a path to a career in finance or business.

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