When it comes to getting ahead in their careers on Wall Street, women need to make sure they get credit for their work, says Heidi Miller, the former head of JP Morgan’s international business line.
When Miller was just starting to work for current JP Morgan chief executive Jamie Dimon 20 years ago, she was crafting a presentation to submit to the board. Dimon said he would cover it and she let him handle it. But when she arrived into work on Monday, she discovered to her fury that a colleague who hadn’t done the same work as she had had instead given the presentation.
“I went to Jamie and asked how this could have happened,” she said. “He said he didn’t think I would want to come in on a weekend” to present to the board.
Miller was recounting the anecdote on a recent panel hosted by the New America Foundation. In addition to getting credit for their ideas, women need to simply ask for more – whether it’s a higher salary, better title or more flexibility.
She should know. A longtime Jamie Dimon lieutenant, Miller, who retired in January, served as the head of JP Morgan’s Treasury & Security Services from 2004 through 2010 before her most recent appointment to international business chief. Earlier in her career, she had been chief financial officer of Bank One and Citigroup. She also regularly made an appearance on the yearly most powerful women in finance lists.