I’ve found that it depends on the industry. In a male-dominated industry with logical components such as IT, I find that manly men are seen as more intelligent, stable, and capable in their field.
In industries such as education, effeminate men have an advantage. The women who interview them relate to them on a different level than a gruff and tumbled man. I interviewed for jobs as an educator, but as a 6’2”, 350 lb. with a shaved head and goatee, I was generally seen as intimidating and hard than for the soft-hearted person I am. In general, women want to work with men they can manipulate (my wife has stated this on numerous occasions). Male managers, on the other hand, want a guy who can take the ball and run with it with little need for drama or education.
That's cuz it's true