courts still allow gender-specific dress and grooming codes, and are legally able to reject exemptions for transgender employees ; transgender employees thus often face the very difficult choice of complying with the dress code or dressing in the gender they present and potentially losing their jobs. For queer employees, workplace inequality thus remains a fact of life. Inequality in the financial field The glass ceiling The Wall Street Journal came up with the term "the glass ceiling" to describe the barriers that women face in efforts to get promoted to top-tier positions within their corporations. Despite their qualifications (women constitute 58% of all university graduates), women make up less than 8% of the top corporate-level positions. Although many firms employ diversity programs aimed at reaching greater number of women in the field, women are still not reaching the top levels within their companies at the same rates as men. Many major investment banks in particular try to hire women whenever possible (refer to tokenism section). Recruiters, however, still inherently use statistical generalization: the stereotypical woman is more likely to leave her position sooner than a man due to family-related reasons means that women inherently face greater challenges to promotion when the opportunity arise. The corporate culture Financial rewards often play a huge role in people's decisions to enter and stay in corporate firms, but their experiences there often explain why they left. The "up-or-out" system prevalent in many consulting firms can help to explain the male-dominated hierarchy; for women who require maternity leave their roles cannot be sustained in such an environment. While numerous firms support formal internal diversity initiatives, women are often also excluded from the informal networks that men partake in outside of the office, activities that revolve around a "jock-talk" atmosphere which bonds the men and helps create connections that are important when promotions become available. Moreover, many Wall Street corporations are deeply rooted in their beliefs concerning gender norms and are said to cultivate machismo. In general, employees of professional firms tended toward homophily preferences, where they were drawn to coworkers similar to themselves. Thus, on Wall Street, just being a white, male junior colleague may to give you an advantage in promotional opportunities. At the same time, these practices also isolated those in the minority who felt a lack of support from their peers and superiors. In efforts to combat such prevailing culture, Wall Street