Supporting informal learning by traders in investment banks
Abstract
Purpose
The main aims of this paper are to determine the extent to which experienced traders in investment banks based in London are learning by informal methods, which methods are to the fore, and whether HRD staff are providing support for informal learning. It also seeks to find evidence that such investment banks were attempting to become learning organisations.
Design/methodology/approach
Empirical research was conducted involving in‐depth semi‐structured interviews with experienced traders, line managers of traders, and HRD professionals involved in the training of traders in London based investment banks.
Findings
Most of the ongoing learning conducted by traders was informal, and on‐the‐job in nature. This informal learning was ad hoc, poorly recorded, and limited in scope. Support of line managers to learning by their subordinate traders was patchy, with little accountability. HRD professionals were almost entirely concerned with organising formal training courses, and had little knowledge of, or involvement with, informal learning by traders. There was very little evidence of investment banks striving to become learning organisations.
Research limitations/implications
The research study was limited to those investment banks willing to take part in the study, and by the banks selecting those to be interviewed.
Practical implications
Investment banks have become a powerful component of the UK economy, and the ways in which their traders learn, or could learn, effectively in terms of competence improvement is key to the performance of these banks.
Originality/value
Informal learning by traders in investment banks in the UK has been little researched to date. This paper addresses this inadequacy.
Keywords
Citation
Chivers, G. (2011), "Supporting informal learning by traders in investment banks", Journal of European Industrial Training, Vol. 35 No. 2, pp. 154-175. https://doi.org/10.1108/03090591111109352
Publisher
:Emerald Group Publishing Limited
Copyright © 2011, Emerald Group Publishing Limited