Money And Career Advice From Financial Industry’s Most Powerful Women

The banking and finance industry is evolving, and leading the charge are women. Women executives are breaking barriers, driving innovation, and inspiring others. Their advice on finances, career growth, and leadership offers valuable lessons for anyone at any stage. Here’s what some of the Most Powerful Women in Banking and Finance shared with me when it comes to money and career success.

Holly O’Neill: Start Early and Take Calculated Risks

Holly O’Neill, President of Retail Banking at Bank of America, highlights the importance of building financial habits early.

“Start saving early, set a budget and plan, and don’t spend money you don’t have,” she said. “Building a financial safety net takes effort, but developing positive habits more than pays for itself.”

O’Neill also advises stepping out of your comfort zone: “Be open to new and different experiences, even when they feel out of your comfort zone. Trust your abilities and embrace opportunities—they often lead to the greatest growth.”

For O’Neill, the most rewarding aspect of banking is creating solutions for clients.

Melissa Stevens: Build and Maintain Your Network

Melissa Stevens, Executive Vice President and Chief Marketing Officer at Fifth Third Bank, emphasizes the importance of staying connected.

“Build and maintain your network. Be curious and connected—you can learn so much from those around you,” she advised.

Megan Johnson: Recognize Your Strengths and Advocate For Yourself

Megan Johnson, Chief Marketing Officer at EverBank, encourages women to recognize their strengths.

“Knowing your value gives you the confidence to take on new opportunities,” she said, referencing the mantra, “Whether you think you can or you can’t—you are right.”

She also advocates for taking control of personal finances:

“Maximize your tax benefits through 401(k) contributions or IRAs, understand where your investments are allocated, and ensure your cash earns high yields. Online banks like EverBank often offer better rates than traditional banks,” she noted.

Beth Johnson: Focus on Long-Term Goals

Beth Johnson, Vice Chair and Chief Experience Officer at Citizens Financial Group, recommends focusing on long-term goals:

“Focus on your goals and allocate resources wisely. Don’t forget—it’s always worth investing in yourself,” she said.

To her younger self, she would say: “Take more chances. Don’t be afraid to challenge the status quo.”

Kate Danella: It’s Never Too Early Or Too Late To Plan

Kate Danella, Head of Consumer Banking at Regions Bank, encourages proactive financial planning at any life stage.

“It’s never too early or too late to plan for your financial future,” said Kate Danella. “No matter your stage of life, the time to prepare for your financial future is now,” she added, highlighting Regions Greenprint, a free service that…