Men and women are divvied up fairly evenly among entry-level jobs, but women continue to be underrepresented on the corporate ladder's higher rungs. One problem is that men are much more likely than women to say their companies already have a level playing field for male and female employees, according to research from LeanIn.org and McKinsey & Co.
Fortune magazine's Most Powerful Women in Business list features General Motors CEO Mary Barra in the top spot, with PepsiCo CEO Indra Nooyi coming in at No. 2, Lockheed Martin CEO Marillyn Hewson at No. 3 and Fidelity Investments CEO Abigail Johnson at No. 4. Fortune said it based its ranking on several factors, including the size of the business and each woman's social and cultural influence.
The women who have reached CEO posts at Fortune 1000 companies didn't necessarily start their careers with that goal in mind, according to a study by Korn Ferry. The report suggests that women may be able to increase their odds of entering the C-suite by spending time managing a profit-and-loss statement, networking with others and being ready to accept opportunities that come their way.
Molly Peck, who has worked at General Motors for 27 years, recently relocated to Dubai, where she serves as the chief marketing officer for the company's Middle East operations. In this article, Peck discusses the importance of being open to career opportunities, her approach to work-life balance and her decision to get an MBA while working full time.
Although more than 60% of large-cap companies reported that they are working to improve diversity in their boardroom, only 45% offered data on how those efforts are succeeding, according to an Equilar study. "Shareholders and other observers have only company disclosure to reference when seeking information about board diversity, and the more transparency we see on this critical topic, the more it will drive others to engage," says Equilar's Belen Gomez.
The average GMAT score for applicants to 10 top-ranked US business schools has been increasing over the past 10 years, data show. "Rising test scores in highly rated MBA programs are a reflection of the increased demand for these programs and the resulting global competition for admission into these institutions," said Ashok Sarathy, vice president of product management at the Graduate Management Admission Council.
Despite entering the job market at a shaky and uncertain time, the MBA class of 2012 has achieved positive results, with 90% landing jobs within three months of graduating. In addition, their total compensation hit an average of $177,000 last year, up 9.2% a year since graduation, far outpacing the US average of 2.7% a year.
Recent graduates should put their research skills to use and gain expertise in an area specific to their job, Andy Molinsky and Jake Newfield write. "Don't underestimate the power of grit, determination, and the willingness to take on unenviable assignments," they write.
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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