Men benefit from their connections more than women, especially when they are young.
One of the most coveted titles for Wall Street analysts is that of the “All America Research Team” (AA), an all-star title given to those voted as top analysts by thousands of fund managers in an opinion poll organised by the Institutional Investor magazine. The result of this annual poll is prominently featured in the October edition each year and winners of the AA titles are celebrated by their employers and sought after by rival banks.
The opinion poll is largely subjective, asking institutional investors to evaluate analysts on a dozen or so dimensions. The top of the list includes industry knowledge, communication, responsiveness and written reports. Actual forecast accuracy appears near the bottom of the list.
