I read the following from a newsletter of Catalyst and I am sure you will find it a good sunday morning food for thought. After all monday 8th is approaching
Does MBA stand for Male Business Administration?
Apparently even an MBA doesn’t level the gender playing field. Pipeline’s Broken Promise, the second report in the series, The Promise of Future Leadership: Highly Talented Employees in the Pipeline, set out to explore how the «best and the brightest» have fared post-MBA. The surprising and unsettling results highlighted that the pipeline is in peril. Women lag men in advancement and compensation from their very first professional jobs and are less satisfied with their careers overall.
In a world where women comprise 40% of the global workforce and graduate with advanced professional degrees in record numbers-in some cases, surpassing men-gender fatigue or reduced attention to bias has no place. So what accounts for these career outcome differences and what are the implications for companies failing to level the playing field? The bottom line is that companies cannot remain competitive and sustain success without women in their leadership.
Here are just a few of the findings:
- On average women are being paid $4,600 less in their first job than men.
- Men were more likely to start their first post-MBA job in higher positions than women.
- Men were twice as likely as women to be at the CEO/senior executive level.
In addition to these and other findings, the report hopes to aid companies by offering useful tips and advice from corporate leaders on how to correct these inequities. We encourage you to read the full report.
The study was conducted with the support of our sponsors. American Express Company is a President’s Circle Sponsor of Pipeline’s Broken Promise. Barclays Capital is an Executive Circle Sponsor, and Chevron Corporation, Credit Suisse Group, General Motors Corporation, Procter & Gamble Company, and Scotiabank are Mentor Circle Sponsors.