Promoting women to MD in investment banking

Multi-level influences

Bibliographic Data

ID12920652
AuthorsPatricia Pryce (Cranfield University, corresponding author), Ruth Sealy (0000-0002-1279-9185, Cranfield University)
Year2013
Volume28
Issue8
Pages448-467
Publication date2013-10-10
Open AccessYes
TypeARTICLE
VenueGender in Management An International Journal (JOURNAL)
Journal identifiersISSN: 1754-2413 • E-ISSN: 1754-2421
PublisherEmerald Publishing Limited (PUBLISHER • GB)
DOI10.1108/gm-11-2012-0095
OpenAlexW2130184020
LanguageEN
Citations received5
References cited58

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

Agency (philosophy · Business · Economic system · Economics · Identity (music · Investment (military · Macro · Macro level · Originality · Perception · Political science · Politics · Promotion (chess · Public relations · Qualitative property · Qualitative research · Sociology · Value (mathematics · Corporate Finance and Governance · Family Business Performance and Succession · Gender Diversity and Inequality · Psychology · Marketing

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