Study suggests that CEOs with MBAs perform better | Women who rose to the top in 2012 | Connections may not help women in finance as much as they do men
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January 23, 2013
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Study suggests that CEOs with MBAs perform better
About 40% of S&P 500 CEOs have MBAs, but research suggests that if you look only at the index's 10 worst performers, the MBA rate drops to just 20%. That, Francesca Di Meglio writes, suggests that while raw talent may be enough to carry leaders to the top of their profession, a sound business education can help once they reach the corner office. Bloomberg Businessweek/Getting In blog (12/28)
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Leadership at Work
Women who rose to the top in 2012
It has been a year of ups and downs for female business leaders, Colleen Leahey writes. Among 2012's big winners: Marissa Mayer, who took over as CEO of Yahoo; Marillyn Hewson, who unexpectedly landed the top job at Lockheed Martin; Phebe Novakovic, who runs General Dynamics; and IBM CEO Ginni Rometty, who now also serves as Big Blue's chairwoman and president. CNNMoney/Fortune (12/26)
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5 ways for women to get ahead in business
Women are succeeding in the classroom, but many are still having a hard time reaching the highest levels of business leadership, write Whitney Johnson and Tara Mohr. Women need to become comfortable with self-promotion and to question the status quo in order to succeed in the business world, they write. "To become an all-star, you need to develop a new skill: you need to learn how to challenge and influence authority, rather than simply giving the authority figures what they want." Harvard Business Review online/HBR Blog Network (1/11)
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Connections may not help women in finance as much as they do men
Research indicates that men in the financial industry benefit from their connections far more than women do. Whereas men can get a leg up based on who they know, women may have to do more to establish trust. "This is a clear double standard. As a woman who has always worked on Wall Street, we are constantly in a fish bowl," said Elle Kaplan of Lexion Capital Management. The Huffington Post (1/8)
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4 ways to build relationships that help you climb the corporate ladder
Even if you're a key contributor at your company, you risk being passed over for promotions if you ignore workplace politics, writes Bonnie Marcus. For this reason, you should focus on networking and seek out mentors and sponsors. "[W]omen don't think using personal connections to get ahead is the right thing to do and that holds them back from leveraging relationships that will help them advance," she writes. Forbes (1/14)
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Forté Foundation News
Forté College Career Launch for Women -? April 6 in Washington D.C.
Are you an exceptional college leader interested in building your skills and enhancing your résumé? Have you considered a career in business?

Attend the Forté College Leadership Launch for Women to explore opportunities you never knew existed. Designed for sophomores and juniors, this one-day interactive conference will give college women from diverse academic backgrounds the chance to explore the different functions in business while gaining valuable leadership experience. Meet with representatives from top companies, network with your peers from other colleges and universities, and gain valuable insight into the career options available to you. There is no cost to apply and participate in Forte's College Leadership Launch. Financial support in the form of a travel stipend will be provided to help cover travel costs to the event.
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From College to Career
Why taking handwritten notes is a waste of time
Using a paper notebook is inefficient and frustrates people who know that tech devices such as tablets are more productive, writes Alexandra Samuel, vice president of social media at Vision Critical. With the help of tools such as Evernote, you can easily share notes with colleagues, maintain a digital record of meetings and transfer ideas into your task-management program, she writes. Harvard Business Review online/HBR Blog Network (1/16)
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Ignore these career myths
Getting a college degree doesn't guarantee you a job and following your passion won't ensure you can earn a living, Alison Green writes. "If you're passionate about poetry or painting, you're going to find very limited job opportunities for those things," she writes. "A better goal is to find work that you can do reasonably happily; it doesn't need to be your passion." U.S. News & World Report/On Careers blog (1/7)
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MBA Outlook
How to get more women into B-school
Women are still underrepresented at many business schools, but some institutions are trying to address the imbalance, writes Matt Symonds, director of Fortuna Admissions. However, timing remains a concern. "Returning to the job market in your late 20s with significant student debt and the possibility of starting a family in the years ahead can make the ROI of business school far less attractive," he notes. It's not clear how to fix this problem, but "it's worth business schools experimenting in a bid to create a virtuous circle," he writes. Bloomberg Businessweek/Getting In blog (1/14)
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5 nightmarish MBA networking mistakes
Networking is a key part of getting ahead in the business world, so you should be sure not to commit any serious gaffes as you forge new connections. Don't ignore junior staff members, and don't eat or drink excessively at business events. "Networking events, even in informal settings, always have an impact on your career," notes Steven D'Souza, author of "Brilliant Networking." Bloomberg Businessweek/Getting In blog (1/11)
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Women of the World
Warren Buffett explains why women are key for economic growth
The U.S. has made strides in gender equality, and that's good news for the economy, according to billionaire Warren Buffett. "Now that we're ... starting to use 100% of our talent, it makes me very optimistic," he said. There is still much to do be done, but the country has come a long way in his lifetime, Buffett noted. The Toronto Star (12/29)
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U.S. is dropping in global ranking of women's workforce participation
From 1990 to 2010, the U.S. dropped from sixth to 17th in women's workforce participation among 22 countries tracked by the Organisation for Economic Co-operation and Development. The reason for the trend is that the U.S. has fallen behind other countries in crafting family-friendly workplace policies, according to Cornell University economists Francine Blau and Lawrence Kahn. The Atlantic online (1/14)
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Women face financial risks in retirement, experts warn
Women tend to outlive men and incur significant late-in-life health care costs, and those trends should affect financial decisions about retirement, according to the Society of Actuaries. For example, most married women who outlive their husbands are likely to receive only one spouse's Social Security benefits. Married women should plan for that by saving the smaller benefit or using it for expenses that aren't ongoing, the group suggests. U.S. News & World Report/The Best Life blog (1/8)
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SmartQuote
A blunder at the right moment is better than cleverness at the wrong time.
Carolyn Wells,
American author and poet
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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. Learn more at www.fortefoundation.org.
 
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