The #METOO Era: Thoughts For The Investment Community

Robin Judson |

The recent Bloomberg article by Gillian Tan and Katia Porzecanski called Wall Street Rule for the #Me Too Era: Avoid Women at All Cost focused on the worries of men on Wall Street who work with young women.  The article highlights the Pence Effect, in which men avoid solo contact with younger (read more junior) women. 

This phenomenon conflicts directly with the stated goal of many funds that they hire more women in investment roles.  The institutional allocators have put many larger funds on notice that they expect greater diversity on the investment staffs of the funds that receive their allocations.  We know many funds that are actively trying to identify qualified women to join their teams.  Anecdotally, many of our clients with the strongest track records, also have more diverse investment teams.

The number of more experienced women on Wall Street remains limited and to expand the number of women on any fund’s investment staff, it has to hire women under 35 years old.  To get the best performance and greatest growth from them, the women need to be integrated with the rest of the staff.  Senior staff cannot withhold the guidance and feedback that other staffers receive.   

Not providing that guidance will work to the detriment of the fund (and its investors) as well as the individual women.  More importantly, the fear of a false accusation would imply a belief that women investment professionals are not honest.  Why would a fund hire anyone whose honesty would be in question?

Once we assume that funds endeavor to hire investment professionals with unquestioned integrity, that leaves a fear on the part of some men that they do not know how to behave.  I believe that they do know how to behave, whether they have done so in the past or not.  Perhaps many of these men are not proud of how they have treated their female counterparts or subordinates up until now. 

This is the opportunity to start fresh with both existing colleagues and newly-hired women investment professionals.  Treating every employee respectfully, whether male or female, avoids a perception of bad behavior.  Take some of the silly sexist comments that women have heard in the past and substitute men in them and they sound even sillier.  There is no reason for physical contact in the work place beyond handshakes and inadvertent or benign contact. 

Wall Street employs smart and creative people.  This should be a no-brainer.

LAYOFFS COMING? PREPARE NOW!

Robin Judson & Kate Stoughton Berliner | Robin Judson Partners

If the possibility of getting laid off is keeping you up at night, here are some ways to get ready and ease your mind. Be prepared Dust off your resume. Even if layoffs are not an issue, we recommend keeping your resume up to date! Take your home address off, that’s passe. Incorporate new experiences,

... Read Article


Now Is Not The Time To Accept A Counter Offer

Robin Judson |

Jack G. complained constantly that his fund did not pay him anywhere close to the value he produced. In his role as a Principal in XYZ Private Equity Fund, he had significant P&L attached to the portfolio companies he worked with, sat on two boards and a deal he originated was about to close. Two

... Read Article


Some Wall Street dealmakers are choosing WFH over big paydays, as return-to-office plans become key to recruiting

Samantha Stokes | Insider

Recruiters told Insider that some senior bankers at the managing-director level and above are saying they won’t consider new roles that are based in the office full-time. Samantha Lee/Business Insider Flexible-work policies are top of mind for many senior bankers, recruiters say. Candidates are turning down roles that don’t allow remote work at least sometimes. Some

... Read Article


Wall Street’s Hottest Commodity: College Grads With Excel Skills

Mary Biekert | Wall Street Journal

All across Wall Street, one price keeps going up: the one for young talent. Big banks can’t hire junior staff fast enough — not even at the new going rate of $100,000 a year. Chalk it up to the pandemic. Or the notoriously long hours. Or youthful realizations that maybe banking isn’t all it’s cracked

... Read Article


How To Handle Job Offers In The Post-Lockdown Economy

Robin Judson |

Many job searches during this post-lockdown period result in candidates receiving multiple offers. How to best handle the scenario.

... Read Article


A Guide To Interviewing From A Career Recruiter

Robin Judson | Robin Judson Partners

We believe we know interviewing because we have been in the financial recruiting business for over 25 years. This is our guide.

... Read Article


How To Nail A Video Interview

Robin Judson |

With the on-going pandemic, we see many of our clients conducting their interviews on Zoom, Skype and other services.    The video interview offers the best and worst combination of telephone and personal interviews.   We suspect that even after the end of the pandemic,  the video interview is here to stay, for at least a couple

... Read Article