A record number of female CEOs are on this year's Fortune 500 list, increasing from 21 to 32 over the last year. This year's list also marked the first time a Latina CEO was included with PG&E Corp.'s Geisha Williams appointment in March, while no black women currently serve as CEOs in the Fortune 500.
Twenty-one female CEOs in the S&P 500 earned a median compensation package of $13.8 million last year, above the $11.6 million earned by their male peers, according to an analysis by The Wall Street Journal. In addition, PepsiCo's Indra Nooyi was one of three women who were among the 10 highest-paid executives in the sample.
In addition to General Motors CEO Mary Barra, a number of other female leaders are making their mark on the company and helping to modernize the once male-dominated auto industry. "There were individual leaders who had vision, and it became pervasive throughout the organization," said Grace Lieblein, who spent 37 years at the company before retiring in 2015.
Opportunities for women may increase as organizations look to change and adapt to thrive in the future, said Lynne Doughtie, US chairman and CEO of KPMG. "I have found that women are really in their element in a very collaborative approach," she said.
Be sure to follow your passion, let go of your doubts and make sure you are in the running for the positions you want, high-powered women say. "Somebody has got to be there advocating for you, and you have to find that person," said Shelley Diamond, chief client officer at Y&R.
Women accounted for just 37% of all full-time, two-year MBA applicants last year, but a number of business schools are working to close the gap. "Our students come and they see female leadership in action -- that helps set the tone," said Pam Delany, director of graduate admission and recruitment at Arizona State University's W.P. Carey School of Business, which is a member of the Forté Foundation.
Among students who enrolled in a ranked online MBA program between July 2015 and June 2016, the average age was 33, compared with 27, for students who started an on-campus, full-time MBA program in fall 2016, according to recent data. In addition, an average of 91% of students attending online programs that provided employment data were working full time when they enrolled, the data show.
Being strategic about what you do and don't include in your resume can help you stand out when applying for a new job. For example, your resume should communicate the value you can provide and give some context for your accomplishments rather than simply listing all of your previous job duties, writes Alyssa Gelbard of Resume Strategists.
Forté Foundation is a consortium of leading multinational corporations,
top business schools in the U.S. and abroad, and the Graduate Management
Admission Council (GMAC). Forté has become a powerful change agent directing
women towards leadership roles in business and enabling corporations to more effectively
reach and retain top female talent. It is the only organization that provides a national
infrastructure for women at all stages of the career continuum to access the information,
scholarship support and networking connections they need to succeed in business careers.
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