Remembering Muriel Siebert, the First Woman in Finance
“You create opportunities by performing, not complaining.”
For Women's History Month, we are celebrating a woman who became one of the biggest movers and shakers on Wall Street—Muriel Siebert.
Siebert, born in 1928, had a knack for finance and was usually the only woman in her college business classes. While she was forced to leave school before getting her degree due to her father's death, she nevertheless landed a job as a researcher for a prestigious brokerage firm at a time when women were limited to being secretaries. After years of frustration making less than her male peers, Siebert decided that the only way to make what she deserved was to be the first woman to buy a seat on the New York Stock Exchange, which she did in 1967. Siebert started Muriel Siebert & Company in 1969 and was the only woman out of 1,365 men on the NYSE for the next decade.
Governor Hugh L. Carey tapped Siebert to help New York during its financial crisis in the mid-1970s, appointing her the state's first female superintendent of banking. She also directed New York City's Municipal Credit Union, Urban Development Corporation, and Job Development Authority during that time.
Through her success on Wall Street, Siebert became known as The First Woman of Finance. She used her platform to help elevate women in the industry and started the Siebert Entrepreneurial Philanthropic Plan in 1990 to help charities. She was recognized for her work and was inducted into the National Women's Hall of Fame in 1994.
Although Siebert did not have a college degree, she received an honorary doctorate from Wagner College in 2010 and collected a total of 17 honorary doctorates before her death in 2013.
Through her example as an enormously successful businesswoman, public servant, and philanthropist, we are proud to honor Muriel Siebert.
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