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Jobs and Career Management in the Financial Markets, Banking & Finance |
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TOP STORIES
Is Aussie banking still a man’s world?4 June 2008COMMENTSok, so how did I become an MD then? (I'm a woman - shock, horror) Read all comments »Are Aussie women failing to make their mark in banking because finance is still a man’s world?
A “blokey” or “boys’ club” culture prevails in Australian firms, according to a study based on employee interviews at 13 top companies, including finance giants AMP, CBA, Macquarie, Insurance Australian Group, St George and Westpac.
Women in Management: The Leadership Debate, written by Monash University’s Hannah Pitman, paints a testosterone-fuelled picture of the Aussie workplace.
Pitman rants: “Communication and decision-making styles attributed to women, such as being inclusive and collegial, are seen as incompatible with desired leadership traits of decisiveness and expediency.”
The senior females interviewed, above half of whom work in financial services, complain of exclusion and bullying by male colleagues. The men, meanwhile, are threatened by female success.
Is the glass ceiling closing in on women bankers? Are the best banking jobs still for the boys? Sheilas, speak out below.
COMMENTSKellyJ, Trading, Wed 04 Jun 08Banking is worst that other sectors. it really, really is. Honestly, tha amount of bullS**t banter that goes on with the boys in my trading team - might as well be back at school Add your comment »girlpower, Private Banking / Wealth Management, Wed 04 Jun 08ok, so how did I become an MD then? (I'm a woman - shock, horror) Add your comment »Grow up, HR & Recruitment, Thu 05 Jun 08When will Girls stop whinging about being Girls? Stop hiding behind your skirts, there are plenty of women in senior roles in the Banking community, but they are the ones who back their own ability and don't whine about "I didn't get the job because I am a woman". Banks don't care what colour or sex you are if you perform you will be rewarded in terms of promotion and remuneration. If you don't perform you won't simple!! Add your comment »Miss King, Corporate Banking, Thu 05 Jun 08It takes a certain kind of woman to make it in the banking world. Men typically exploit the fact that they can get away with sexual harassment because it's generally accepted. Stereotypically women have a more compassionate side therefore have a lower threshold for the amount of BS they can and are willing to put up with. That being said there are a few teams out there (1/1,000,000,000) that have a healthy impact on your life. To me? There are FAR more important things in life than money and I can happiness and a sense of accomplishment elsewhere (with a pretty paycheck to go with it). Ladies, for the most part you don't want to put yourself in banking, if you can do it and you love it, and if it's what makes you purr than good on ya!!! Add your comment »magwoon, Thu 05 Jun 08How long did it take for you to be recognized and promoted as MD ? Add your comment »W, FX & Money Markets, Thu 05 Jun 08Maybe KellyJ you do not enjoy banking because you have no grasp of the English language. Learn to spell before you criticise the banking sector. I do love seeing idiots who have no idea, criticise something they do not like. Add your comment »City Girl, Investment Banking / M & A, Thu 05 Jun 08As a senior manager in an investment bank in London I see the male culture in my particular firm very hostile and full of Sh*t, the guys arnt the smartest, but they are bulshy and do deals at the pub... My last major investment bank role was with a swiss bank that did value diversity, it made a huge difference... All in all its a very hard place to play in... Add your comment »devilsadvocate, Consultancy, Fri 06 Jun 08@ girlpower - No one said you CAN'T, just that it is ridiculously difficult once you reach the upper levels Add your comment »Matt, Trading, Fri 06 Jun 08If you want to work in a woman's world, put on your frock and go paint some nails. If you want to make big money in an environment where men have traditionally been in the majority, start growing some cojones. Sorry ladies, that's just how it is. Add your comment »FG, Investment Banking / M & A, Fri 06 Jun 08The banking sector is better than it was, but the boys'-club culture is still there. however, it's not really an Australian thing, I mean when I was working in london there were plenty of court cases with women suing the big banks etc. It's the industry - not the country Add your comment » |
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