Boss Lady

Why we should pay attention to women in business

on

Before there was Yahoo’s Marissa Mayer or Facebook’s Sheryl Sandberg, there was Katherine Graham.

In 1963, Graham took the helm of The Post Co. and became publisher of the Washington Post. For the next thirty years, she led the company through scandals and strikes, but proved she had what it took to make The Post Co. a billion-dollar company.

Her success, as well as the career trajectories of other female executives, proves one thing: Women in business are a force to be reckoned with.

Not only has the number of women in the workforce increased significantly since 1970, but it’s a proven fact that women have a positive impact on a company’s bottom line. Women leaders are also making a difference in a wide range of economic sectors – from finance to science — but their participation on corporate boards is less impressive.

As society starts to recognize a woman’s important role at work, there are more studies to sift through and more news articles to read. The “Women in Rising” infographic examines where we have already made strides and which gaps need to be filled. Consider this: Women may be better educated than men, but we’re still earning less.

There are more women in the workforce than ever before: rising from 38% in 1970 to 47% in 2015. And we are better educated than men. We earn 60% of undergraduate degrees, 60% of masters degrees but 44% of masters degrees in business. Consider that in 1965, only 1.2% of the Harvard Business School graduating class were women, while the class of 2017 will be 41% women.

The infographic isn’t just a laundry list of stats, however. It’s full of helpful tips from real executives and sound advice on how to thrive in business.

We are daughters, sisters, wives and mothers, but we’re also businesswomen. We may be juggling many responsibilities, but there’s still room to do more.

The pay for women CEOs averages $20 million, a full 11.5% less than the overall average for men of $22.6 million. At the current rate of progress, women won’t achieve pay equity until 2058.

We have come a long way, but we have a long way to go.

women in business

 

 

About Business Woman Media

Our women don’t want to settle for anything but the best. They understand that success is a journey involving personal growth, savvy optimism and the tenacity to be the best. We believe in pragmatism, having fun, hard-work and sharing inspiration. LinkedIn

Recommended for you