Reproducing the City of London’s institutional landscape: the role of education and the learning of situated practices by early career elites

In this paper we argue that postgraduate education forms an important, but hitherto neglected, element in the distinctive institutional landscape of the City of London. In particular, and drawing on research into early-career financial and legal elites in the City, we show how postgraduate educatio...

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Main Authors: Faulconbridge, James R., Hall, Sarah
Format: Article
Published: Pion 2014
Online Access:https://eprints.nottingham.ac.uk/3284/
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author Faulconbridge, James R.
Hall, Sarah
author_facet Faulconbridge, James R.
Hall, Sarah
author_sort Faulconbridge, James R.
building Nottingham Research Data Repository
collection Online Access
description In this paper we argue that postgraduate education forms an important, but hitherto neglected, element in the distinctive institutional landscape of the City of London. In particular, and drawing on research into early-career financial and legal elites in the City, we show how postgraduate education tailored to the demands of employers within London plays an important role in indoctrinating early-career elites into situated, Cityspecific, working practices and, in so doing, helps to sustain the City’s cultures and norms of financial practice. Specifying the role of postgraduate education in reproducing these situated City practices is significant because, although geographical variegation in working practices between international financial centres has been widely reported, less attention has been paid to how such institutionally embedded differences are created and sustained. By identifying education as one mechanism of creation and sustenance, our analysis enhances understanding of how the institutional landscapes that underlie financial centres might be maintained or, when necessary, challenged; challenge being significant in relation to attempts to reform practices and cultures in international financial centres in the wake of the 2007–08 crisis.
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spelling nottingham-32842020-05-04T20:16:32Z https://eprints.nottingham.ac.uk/3284/ Reproducing the City of London’s institutional landscape: the role of education and the learning of situated practices by early career elites Faulconbridge, James R. Hall, Sarah In this paper we argue that postgraduate education forms an important, but hitherto neglected, element in the distinctive institutional landscape of the City of London. In particular, and drawing on research into early-career financial and legal elites in the City, we show how postgraduate education tailored to the demands of employers within London plays an important role in indoctrinating early-career elites into situated, Cityspecific, working practices and, in so doing, helps to sustain the City’s cultures and norms of financial practice. Specifying the role of postgraduate education in reproducing these situated City practices is significant because, although geographical variegation in working practices between international financial centres has been widely reported, less attention has been paid to how such institutionally embedded differences are created and sustained. By identifying education as one mechanism of creation and sustenance, our analysis enhances understanding of how the institutional landscapes that underlie financial centres might be maintained or, when necessary, challenged; challenge being significant in relation to attempts to reform practices and cultures in international financial centres in the wake of the 2007–08 crisis. Pion 2014 Article PeerReviewed Faulconbridge, James R. and Hall, Sarah (2014) Reproducing the City of London’s institutional landscape: the role of education and the learning of situated practices by early career elites. Environment and Planning A, 46 (7). pp. 1682-1698. ISSN 0308-518X http://www.envplan.com/abstract.cgi?id=a45392 doi:10.1068/a45392 doi:10.1068/a45392
spellingShingle Faulconbridge, James R.
Hall, Sarah
Reproducing the City of London’s institutional landscape: the role of education and the learning of situated practices by early career elites
title Reproducing the City of London’s institutional landscape: the role of education and the learning of situated practices by early career elites
title_full Reproducing the City of London’s institutional landscape: the role of education and the learning of situated practices by early career elites
title_fullStr Reproducing the City of London’s institutional landscape: the role of education and the learning of situated practices by early career elites
title_full_unstemmed Reproducing the City of London’s institutional landscape: the role of education and the learning of situated practices by early career elites
title_short Reproducing the City of London’s institutional landscape: the role of education and the learning of situated practices by early career elites
title_sort reproducing the city of london’s institutional landscape: the role of education and the learning of situated practices by early career elites
url https://eprints.nottingham.ac.uk/3284/
https://eprints.nottingham.ac.uk/3284/
https://eprints.nottingham.ac.uk/3284/