The Organizational Predictors of Executive Career Advancement in Career Moves Across Employers
28 Pages Posted: 7 Oct 2007
Date Written: November 4, 2004
Abstract
This paper examines the career moves of executives between two different organizations and looks at the characteristics of executives' employing organizations as a predictor of the success of the moves. The paper uses a proprietary data set of a retained executive search firm that contains information on the career paths of executives in the financial services industry. The results show that the perceived operational excellence of executives' employing organization has a significant signaling power for other employers and strongly impacts the success of executives' moves across different organizations. The data also reveal that executives may use their employment spell at reputable, large-sized, public organizations as a conscious career-building mechanism and accept smaller promotions to join such organizations.
Keywords: career advancement, executives, financial services industry, signaling theory
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