A Successful Wall Street Banker Offers a Piece of Career AdviceAugust 16, 2016 / byArs Lexis / Categories : Financial Sense
Kristin DeClark is the head of the technology equity capital markets of Deutsche Bank – the current number two team in the competitive world of Wall Street. Apart from that, DeClark is a mother of two (with another one on the way) and a competitive runner. Though it looks like DeClark has a lot of things on her plate, she explained that she always finds a way to balance all of her commitments in life.
Career vs. Family
Across Wall Street, about 50% of the entry level workforce members are women. However, this number tends to drop once these women advance in their careers. Most of them quit their jobs and choose to be a stay-at-home mom, even if they are perfect candidates for higher posts in the company. Whilst there’s nothing wrong with being a housewife, this rate of women quitting in Wall Street worries DeClark.
In an interview with the Business Insider, DeClark offered a piece of career advice to young female professionals. “Don’t opt out of the career you really like because you’re worried about being able to manage a family and other things,” she said.
DeClark had her first baby when she was a director. She believes there’s no perfect time to start a family in the same way that there’s never a perfect time to get promoted at work. For her, the only thing that matters is finding the perfect balance between the important things in your life.
Delegate, Delegate, Delegate
DeClark revealed in the interview one of her tricks in balancing her commitments, and that is delegating her chores. Whether she’s at home or in the office, she makes sure that she designates her tasks properly and responsibly. She even uses apps for household chores like buying groceries and doing laundry. In the office, she doesn’t micromanage her team and she makes sure that everyone works to achieve their shared goals.
Because she delegates some of her household chores, she has extra time in the morning to run a few miles. She also brings her running shoes to work or in her business trips; that way she can squeeze in a quick workout between meetings or before she heads home. Since she manages her time very well, she’s able to keep up with her running career on top of being a mother and a Wall Street banker.
Proactiveness at Wall Street
DeClark also shared that to succeed as a woman on Wall Street, you have to be proactive. You have to find a way to make yourself a standout without being perceived as too aggressive. You must maintain a good working relationship with your seniors and managers in the firm until they’ve invested interest in your career.
“I’ll see younger women think, ‘OK, I bent my head down. I’m doing my job. I’m doing everything I need to do, and that’s enough,’” she shared. “Oftentimes, it’s not.”