Catalyst published an interesting article (at the web address below):
The article discusses an unhealthy pipeline where women represent only 3% of the Fortune 500 CEOs and less than 15% of corporate executives at top companies worldwide, although women make up 40% of the global workforce and they are earning advanced professional degrees in record numbers and in some areas surpassing men.
Catalyst collected data from men and women with MBA degrees that showed:
- Men were more likely to start their first post-MBA job in higher positions than women.
- Women’s first post-MBA salary was lower than men’s (on average, women are being paid $4,600 less in their first job than men).
- After starting from behind, women don’t catch up.
Women and men job hopped equally but for different reasons
- 25% women and 16% men said they left because of a difficult manager
- 38% women and 50% men left for faster advancement
There is gender gap in career satisfaction
- On average 37% of men (at various levels of management) indicated they were very satisfied with their overall advancement, compared with 30% of women.
The article mentioned: the results of their survey suggest that men and women may still be treated differently by management.