The role of gender in promotion rates in the Australian Finance Industry

We surveyed Australian finance professionals and tested whether there are statistically significant differences in promotional propensity according to gender identity. The findings indicate men and women are equally likely to ask for promotion, however, ‘gifted advancements’ account for the higher statistical frequency of promotions among men. These gender-based differences in behaviors have been overlooked in existing research on promotion. We call for a standardized framework for the development of promotion policies to address this industry-wide problem.