Last night I attended a seminar on Ethics and Values – with specific focus of getting more women into Board positions in Banks and FTSE 100 companies. The event was hosted by Women in Banking and Finance – a Not-For-Profit Organisation that over the last 30 years has provided tools and support for women furthering their career in the world of Finance.
The core message was this – research has shown that women make more ‘ethical’ decisions, and only through redressing the gender balance at Board level can we expect major corporations to make more ethically sound business decisions. The existing corporate model is flawed, as evidenced by the relatively short life-span of major corporations in the developed world. There is an obvious need for businesses to adapt and change if they are to develop. And such changes should be driven by organisations that feature an equal split of men and women at a senior level, because only with an equal split can we expect to see a diverse spread of business beliefs and creeds.
It is a compelling argument, and an important one to engage in, for an industry that is still seen as male-centric. Nearly half of the users on CityJobs.com are women, so clearly there is both considerable, imbedded female workforce AND a great desire by women to work in Banking and Finance. And yet that is frequently unrecognised – the stereotype of a City worker as white male prevails. There are clearly many women working in this industry, so how do they rise through the ranks to the senior positions? Clearly it is not a skills issue – women match men pound-for-pound in that department. So is it an institutional flaw? An attitudinal tide that has yet to turn? An article in the Evening Standard last week suggested that women are leaving University with lower expectations than men as they enter the workforce. So what hope for women to make it to the Board if even at a grass-roots level they are being taught that the glass ceiling has been reinforced with double-glazed tempered glass?
Perhaps sites like ours can try to change opinion, engage in debates about the issue, and try to promote The City as a genuine long-term career opportunity for women. You’ll notice that our re-launch features branding that incorporates men and women in equal measure. Ultimately we are only a small cog in the recruitment wheel, but if we can change perceptions even slightly then it will be worthwhile. However, with organisations like WIBF at the vanguard of the movement the cause is in good hands and if more women find themselves in Board-level positions it will be in no-doubt down to the work of this group.
by Russell Byrne
A corrupt gentlemen’s club full of Ferraris and pinstripe suits or hard work in a high pressure environment with a generous pay packet to match; everyone has a perception of what ‘City’ life is like, but what are the real pros and cons of getting a job working in the finance sector in The City of London?
“It’s not what you know, it’s who you know”’; is that still the truth? Possibly, but as the appeal of The City broadens, the standard in the talent pool rises. Although it is possible to get an entry level role through a contact, you have to have some genuine skills. So once you’re in, what can you expect to find in The City…
…Well, try a volatile working environment with ups and downs dictated by the whims of financial markets, where Overtime is considered standard and is frequently unpaid. You’ll swelter on the tubes in the summer and not be able to get on one during the freezing winter. Expect an astronomical cost-of-living, your stress levels to soar, and your pace of walking to quicken to the speed of an out-of-towner’s jog.
Life in The City can be hard work but if you can stomach the downsides you will enjoy one of the most vibrant places to work in the world. From Bricklane to Bishopsgate, The City is both culturally diverse and home to historic architecture and futuristic design . It has internationally acclaimed art, entertainment and dining. You could eat in a different restaurant and drink in a different pub every night and still not scratch the surface of City nightlife. Hectic though it is, you’re never far from a tranquil retreat, be it Finsbury Circus, numerous churches or spectacular views of the River.
In short, the extreme effort associated with working in The City can be more than repaid by the rewards beyond your remuneration package Interested? Click through for finance jobs based in London.
by Mark Davies
Welcome to the all-new CityJobs.com; version 2.0 if you will!
Since 1998 CityJobs.com has been dedicated to matching the best candidates in the Banking and Finance sector with the top jobs in The City, and beyond.
It is our aim to continue improving as a service, both for our job-seeking users and for our advertising clients too. The new design is a move towards a more sophisticated look and feel, as befitting the industry we represent. With the Financial Services market in a period of modest growth, the timing is perfect to push Cityjobs.com to the next level.
However, these developments are not purely cosmetic. In the coming months we intend to run a multi-media advertising campaign to attract both new users and new advertisers. May sees the launch of our mobile site, enabling users to experience CityJobs.com in a whole new way. Finally, through this blog we hope to engage our audience with material that is relevant to both job-seeking and the Finance sector.
Your feedback is always welcome. We hope you enjoy the new version of CityJobs.com, and find it a valuable tool in your efforts to move forward in your career in Banking and Finance.