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Disappearing women: Why do women leave senior roles in finance? Further evidence

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  • Carolyn Neck

Abstract

This paper builds on the findings of the author (published in this issue) in terms of understanding what leads women to leave senior roles in Finance. Using mixed methods techniques, a survey of 90 women suggests women leave due to the interplay of a trigger for leaving, coupled with having choice. The trigger appears to be a combination of work frustrations and personal triggers. While triggers lead women to want to leave, having the ability to leave appears important to actually leaving. The quantitative results support the qualitative findings. They suggest the way work is structured in the industry, seeking change and having choice are important factors in a woman’s decision to leave. For women who left the industry, feeling they had achieved all they wanted to from the job, feeling there is more to life than their job and having financial security may play a key role in the choice to leave. Senior women in Finance have many options outside their job – perhaps women leave senior roles simply because they can.

Suggested Citation

  • Carolyn Neck, 2015. "Disappearing women: Why do women leave senior roles in finance? Further evidence," Australian Journal of Management, Australian School of Business, vol. 40(3), pages 511-537, August.
  • Handle: RePEc:sae:ausman:v:40:y:2015:i:3:p:511-537
    DOI: 10.1177/0312896215578015
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    1. repec:ilo:ilowps:344117 is not listed on IDEAS
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    Cited by:

    1. Linnenluecke, Martina K. & Chen, Xiaoyan & Ling, Xin & Smith, Tom & Zhu, Yushu, 2017. "Research in finance: A review of influential publications and a research agenda," Pacific-Basin Finance Journal, Elsevier, vol. 43(C), pages 188-199.
    2. Linnenluecke, Martina K. & Chen, Xiaoyan & Ling, Xin & Smith, Tom & Zhu, Yushu, 2016. "Emerging trends in Asia-Pacific finance research: A review of recent influential publications and a research agenda," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 66-76.

    More about this item

    Keywords

    Banking; choice; investment banking; organisational culture of finance organisations; senior women; span; survey; women leaving senior roles in Finance;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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