Inspiring Latinas to Dream of a Future in Tech

By Michelle Boston, Chief Information Officer and Head of Data Management Technology & Enterprise Architecture, Bank of America

The Inaugural Latina GDP Report, funded by Bank of America, underscores the significant economic power of U.S. Latinas. Their total economic output in 2021, a staggering 1.3 trillion USD, positions them as a force larger than the economic output of the State of Florida. This data sends a clear message about the crucial role of U.S. Latinas as drivers of economic growth and resilience for the broader economy.

From 2002 to 2021, U.S. Latina workforce participation increased significantly by 7.5 percentage points, reaching an all-time high of 60.5%. This remarkable increase highlights our strong work ethic, our commitment to family and community and our relentless pursuit of opportunities. This growth in the labor force has been partly propelled by an important increase in educational attainment, which has grown 2.7 times faster for U.S. Latinas than for other groups.

As a Latina, I have always known the value of hard work and dedication. These attributes, inherent in our culture, have been the foundation of my career, a journey fueled by the example of my father, a first-generation college graduate electrical engineer. My father believed in me and encouraged my early interest in science and technology. I am proud to work for a company that shares these same values, and where in my role I can continue advancing my commitment to increase representation and inclusivity for women in STEM.

Despite the projected growth and educational attainment gains, there is more opportunity and work to do. Representation of Hispanic women is only 2% within STEM careers across all types of engineering. This is why at Bank of America, we actively create spaces in tech for diverse women at every level, including leadership positions, through various initiatives and programs focused on diversifying the talent pipeline not only during recruitment but also in development and retention throughout their career journey.

Working in partnership with key community partners, we also support key programming, which includes mentorship, internships and resources to open pathways of opportunity to diverse talent in tech.

Bank of America’s steadfast commitment and support to help increase representation and inclusivity in tech, particularly for the Hispanic community, has

allowed me to lead impactful work through internal bank organizations such as Women in Tech and Operations, as executive sponsor of the Hispanic and Latino Advisory Council for Global Tech as well as being a part of strengthening the career pipeline for Hispanic talent in tech through partnerships with organizations like Girls Who Code, which introduces middle and high school aged young women to the possibilities of a tech career. Additionally, the opportunity to collaborate with life-changing organizations such as the Society of Hispanic Professional Engineers (SHPE), ALPFA, and Year Up, which open doors to young Latinos interested in pursuing careers in tech, sparking a ripple effect to help transform our community in the long run.

At Bank of America, we realize we need to do our part to help transform the workplace by continuing to amplify representation and create a more inclusive space—not just for women, but also for people of color and diversity of experience. We recognize that inclusivity is an enabling action driving innovation that results in world-class products and services that will support the financial journeys of the diverse communities we serve.

I am hopeful and energized by the boundless opportunities in technology that are available today. Young Latinos everywhere need to know that with hard work and perseverance anything is possible in the world of technology, and that leveraging all the resources and opportunities available to them can transform their lives, propel career and economic mobility and change communities and the world.

While the Latina GDP numbers are impressive and Latino participation in leadership roles continues to increase, I remain committed to continuing to advance the diversity of our talent and influence on business strategies. I firmly believe our community's growth is pivotal to shaping the diverse future corporate landscape in America and beyond.

LATINA Style Magazine Vol. 30, No. 4, 2024