Some women’s finance careers are being held back by “mediocre” male middle managers who are adept at playing internal politics, according to a report backed by some of the largest financial institutions in the City of London.
Research by Women in Banking and Finance and the London School of Economics, which has been supported by groups such as Goldman Sachs, Barclays and Citi, as well as the Financial Conduct Authority, also found a tendency among such managers to feign empathy when driving. women. , acknowledging that the trait was now considered valuable.
The report’s authors said this trend was a particular concern given the need for increased management skills during the pandemic. Women in finance perceived that they had to show sustained excellence to progress, the research found, with more room for men to make mistakes or perform average.
Various reasons were given for this, ranging from male-dominated social scenes, interrupted careers due to maternity leave, and an increased reluctance to manage men regardless of ability, as they were still considered the breadwinner.
