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Guest Comment: The only way to succeed in finance is by playing nasty office politics – here’s what I’ve seen and learnt

If there is ever a poignant piece of advice that university lecturers and textbooks failed to warn me about upon graduating and entering the workforce, it is the fundamentals of office politics. Not long after finding my feet in my new professional environment, I learnt pretty quickly that sometimes it’s the brownnosing and “who you know, not what you know” ticket that guarantees movement up the corporate ladder.

I have sat back and watched in amusement as co-workers, managers, directors and the like strategise to get themselves promotions and bigger bonuses. They masterfully do whatever it takes to get their own way and they make the game of office politics look like an art form.

My disappearing manager

I once had a manager who disappeared from his desk at 12pm sharp every Friday and would stumble back to the office every few hours smelling of cigarettes and alcohol. He used these bar-hopping benders as quality bonding time with his higher-ups. As everyone would agree, there is a definite correlation between this fraternisation and my manager always getting what he wanted.

Another co-worker started off as a lowly analyst in the bank. She was poor in experience but had a killer personality, was super talented at banking and invited us to the wildest parties. She knew exactly how to win over everyone in the office. Two years into her job, she set a precedent by skipping one management level and was catapulted up to become associate director.

Gang rivalries

Perhaps the most memorable display of politics I’ve witnessed was when my recent manager was looked over for the CFO position she had patiently waited ten years for. The job was taken by an outsider after she returned from holiday.

In response to what felt like a scathing slap in the face, she made her new boss’ life miserable by withholding information, refusing to work in unison, wearing the passive-aggressive front on a daily basis, and ultimately garnered the sympathy and backing of the staff. Refusing to be bullied, the new CFO mobilised new recruits and slowly started to take power. It was a sad case of office gang rivalry – more nonsensical and dramatic than West Side Story.

My takeaway

My observations and experience have been isolated to the highly competitive and cut-throat world of finance, where capitalism is the name of the game. Financial services can unfortunately have the ability to seduce employees to do whatever it takes to get more money, more power and more recognition. The advice given to me by a colleague on this unavoidable dilemma is: “Do your work and stay out of it”.

But if you have been overlooked for a promotion you were deservingly next in line for (and then you took the moral high ground and didn’t cave into playing politics), better luck next time.

Don’t hate the player, hate the game.

Comments (5)

Comments
  1. Yes, taking off and drinking with your bosses on Fridays always work. At my British IB, a young lady slept with her bosses’ friend ( who also worked in the bank), and got whatever she wanted – promotion, transfer to a cushy position …. All by drinking and spreading her legs. :)

  2. Sounds like you just started working :)

  3. so true. love this column

    i was too kind and got bullied… and women plays these best :)

  4. “Another co-worker started off as a lowly analyst in the bank. She was poor in experience but had a killer personality, was super talented at banking and invited us to the wildest parties. She knew exactly how to win over everyone in the office. Two years into her job, she set a precedent by skipping one management level and was catapulted up to become associate director.”

    If she was “super-talented” at banking and had a “killer personality”, why shouldn’t she be promoted? That’s what I-banking is all about– esp in sales!

  5. always had a problem with people stealing credit for my work and getting raises / bonuses instead of me. there ae a lot fo people in investment industry who really dont know anything they just know people.

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