There's no substitute for putting in long hours when you're trying to turn a company into a success, said Yahoo CEO Marissa Mayer. In this interview, Mayer discusses the frequent all-nighters she pulled at Google, the challenges she has faced at Yahoo and the company's recent decision to sell its core assets to Verizon for $4.8 billion.
Research suggests that female startup founders generate superior returns, but most investment money still goes to male entrepreneurs, writes Therese Huston. This disparity may be linked to a misconception that men are more willing to take risks than women, she writes.
A recent University of Missouri study shows that, on average, female directors make $7,000 less per year than male board members and that minorities make $5,000 less. The study crunched the data of 13,402 directors at 1,828 firms.
Five times more patents were held by women in 2010 than in 1977, but it would take 75 years at the current rate of progress for women to achieve parity with men, according to the Institute for Women's Policy Research. Underrepresentation in patent-intensive fields, small or no networks among women scientists and a lack of venture capital could prevent women from applying for patents, said study director Jessica Milli.
Companies must realize that diversity is a business imperative and make a top-down commitment to inclusion, said Brenda Trenowden, global chair of the 30% Club. "This is about all the research that shows that greater heterogeneity in teams leads to better decision-making and better performance," she said.
Graduates from private business schools were offered jobs with starting salaries 11.3% higher than those with degrees from public business colleges, according to data from the Association to Advance Collegiate Schools of Business. In addition to earning potential, experts say business school applicants should consider the coursework colleges offer as well as internship opportunities and career support.
More than half of prospective MBA students say they would be willing to accept admission at a less-desirable school that offered a scholarship, according to one study. Meanwhile, elite business schools are increasingly using scholarship offers to attract the most promising applicants.
Get the most out of attending job fairs by keeping your personal introductions brief and backing up your accomplishments with facts, writes Kim Thompson. Don't be afraid to indicate your interest in a specific position and make sure to follow up with recruiters after the event.
Take part in the Forté Forums from August to October and discover the power of the MBA by meeting top business schools and joining interactive panels. Forté Forums will be hosted in 12 cities including New York, Chicago and Los Angeles to share the value of a business degree. Registration is free. Learn more and register.
Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, vision cleared, ambition inspired, and success achieved.
Helen Keller, writer and political activist
About Forté Foundation
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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