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Promoting women to MD in investment banking: multi‐level influences

Promoting women to MD in investment banking: multi‐level influences Purpose – Women remain underrepresented at senior levels in global investment banks. By investigating promotion processes in this sector, and using the concept of a multi‐level, relational framework, this paper seeks to examine macro, micro, and meso‐level influences, and the interplay between them, as explanations for why more progress is not being made. Design/methodology/approach – Data are taken from two projects with a total of 50 semi‐structured interviews with male and female directors and managing directors (MDs), across six investment banks discussing careers and promotions. An inductive approach was taken to data analysis. Findings – Women's lack of representation at the top of investment banks is not simply an individual level problem but is the result of the dynamic interplay between macro‐ and meso‐level influences that impact individual agency, identity and perception of fit. Research limitations/implications – Public debate should be refocused around the meso‐level influences of what organizations can do to promote more inclusive cultures and structures thereby enabling more women to achieve MD positions in investment banking. Originality/value – The paper considers challenges women face in their promotion to MD using a multi‐level framework demonstrating the impact of each level and their interconnectedness. It contributes to the limited qualitative research exploring the career experiences of senior level individuals in global financial services firms. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Gender in Management An International Journal Emerald Publishing

Promoting women to MD in investment banking: multi‐level influences

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References (70)

Publisher
Emerald Publishing
Copyright
Copyright © 2013 Emerald Group Publishing Limited. All rights reserved.
ISSN
1754-2413
DOI
10.1108/GM-11-2012-0095
Publisher site
See Article on Publisher Site

Abstract

Purpose – Women remain underrepresented at senior levels in global investment banks. By investigating promotion processes in this sector, and using the concept of a multi‐level, relational framework, this paper seeks to examine macro, micro, and meso‐level influences, and the interplay between them, as explanations for why more progress is not being made. Design/methodology/approach – Data are taken from two projects with a total of 50 semi‐structured interviews with male and female directors and managing directors (MDs), across six investment banks discussing careers and promotions. An inductive approach was taken to data analysis. Findings – Women's lack of representation at the top of investment banks is not simply an individual level problem but is the result of the dynamic interplay between macro‐ and meso‐level influences that impact individual agency, identity and perception of fit. Research limitations/implications – Public debate should be refocused around the meso‐level influences of what organizations can do to promote more inclusive cultures and structures thereby enabling more women to achieve MD positions in investment banking. Originality/value – The paper considers challenges women face in their promotion to MD using a multi‐level framework demonstrating the impact of each level and their interconnectedness. It contributes to the limited qualitative research exploring the career experiences of senior level individuals in global financial services firms.

Journal

Gender in Management An International Journal – Emerald Publishing

Published: Nov 1, 2013

Keywords: Organizational culture; Meso‐level influences; Professional service firms; Promotion processes; Relational processes; Women in banking; Work identity; Financial services

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