From Wall Street Journal
Men and women have different experiences when it comes to Wall Street careers. And those differences fascinate Lily Fang.
Dr. Fang, an associate professor of finance on the Singapore campus of the business school Insead, has spent the past five years or so delving into how gender affects the career-development paths of stock-research analysts on Wall Street. What she and co-author Sterling Huang of Singapore Management University found was that the networking and personal connections that male analysts rely on so heavily to get ahead are much less useful for women in similar jobs.
Dr. Fang says the audience for this type of gender research has grown in recent years as it has become apparent that women—despite making great strides in many competitive industries—remain underrepresented in top echelons of the corporate world.
A native of Shanghai with a doctoral degree from the University of Pennsylvania’s Wharton School, Dr. Fang is spending a year as a visiting associate professor at MIT’s Sloan School of Management in Cambridge, Mass.
The Wall Street Journal spoke with Dr. Fang about her work. An edited excerpt follows:
WSJ: How did you get interested in the topic of gender differences on Wall Street?
DR. FANG: The economics literature on gender and wage discrimination is quite large, but in the finance [industry] there isn’t much. It was risky. When I presented it in a workshop, one of my senior colleagues said, “This isn’t a finance paper, because you don’t talk about returns.” But then I got tenure in 2012 and I could do what I was interested in.
Read the full post at The Wall Street Journal.
Lily Fang is a Visiting Associate Professor of Finance at the MIT Sloan School of Management, and an Associate Professor of Finance at INSEAD.