In his book "chasing stars," about what happens to Wall Street analysts when they get anointed as the next big thing and are lured to a new firm, Harvard Business School professor Boris Groysberg finds that switching shops generally leads to a drop in performance. But there are at least two groups of people who are far less likely to avoid this fate: analysts who are hired as part of a lift-out of a larger research team, and women, who tend to remain successful whether they move with a team or not.

It turns out that the men, who might thrive in a particular culture or do well at playing the politics of a specific firm, have trouble replicating their success when they put themselves in a new environment. (This explains why lift-outs often work out better, because the "star" remains part of a familiar team.)

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.