Individual, interpersonal, and organisational links to women’s advancement in management in banks

Despite banking being a female‐dominated industry, women are still under‐represented in management and senior management. Thus, the present study examined the relative importance of individual, interpersonal, and organisational variables for women’s advancement in management in banking in Australia. Data gathered via a survey of 848 women in banking were used in the analyses. The results indicate that women’s advancement is principally linked to some individual factors. In particular, training and development and years of work experience were most important to advancement, followed by work hours, occupation type, company changes, education, and career opportunities. In addition, although marital status and children were unrelated to women’s managerial advancement, the help they had with dependents and house responsibilities was related. Practical implications for banks and for women are discussed.