Women post gains in earning top salaries | Female manager ranks, pay parity remain unequal, finds GAO study: | Pay disparity grows in finance management:
October 27, 2010
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Women post gains in earning top salaries
Statistics show that in the U.S., about one in 18 full-time working women had an annual salary of at least $100,000 last year -- a 14% increase from 2007. Only one in seven men pulled in such salaries, a boost of 4% in the same two-year period. Experts attribute the salary increase to more women obtaining higher-education degrees. The Washington Post (tiered subscription model) (10/7)
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Female manager ranks, pay parity remain unequal, finds GAO study:
A Government Accountability Office report shows that while women constitute nearly 50% of the U.S. workforce, the female executive ranks and compensation still lag well behind when compared with their male executive counterparts. Other studies show that while mentoring and career services are increasing, women aren't moving high up the management ladder. ABC News (9/28), Harvard Business Review (tiered subscription model) (9/2010)
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Pay disparity grows in finance management:
Men dominate the management ranks in finance, and women managers earned 58.8 cents for every dollar a man earned in that industry in 2007, according to an analysis of Government Accountability Office numbers. "The sky's the limit for men who hit a home run, but women can't get to first base," says Joan Williams, a professor at the University of California's Hastings College of Law. Bloomberg (10/6)
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Women and Leadership
Study: Women are more likely to leave before reaching executive suite
Women are much more likely to leave their job or be asked to leave, according to a study that could provide a hint as to why more men reach the executive suite. While motherhood plays a role, researchers say women may feel more comfortable leaving a less-than-perfect job if they aren't the primary breadwinner. TIME magazine (10/6)
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Top-ranked MBA programs and today's students
The University of Pennsylvania's Wharton School of Business tops the Wall Street Journal's list of the nation's best executive MBA programs, up from No. 2 in 2008. Washington University's Olin School rocketed to the No. 2 spot this year in its first year in the survey. In addition, students are increasingly using executive MBA programs as a stepping stone for changing careers rather than just to get a promotion, the survey showed. The Wall Street Journal (tiered subscription model) (9/30)
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More MBA candidates are looking to change careers:
More students are pursuing MBAs to give them a leg up in an uncertain job market, CNN found in its survey of first-year MBA students worldwide. Students are also working in more diverse fields; while financial services remains the top target, energy, health care and emerging markets are gaining prominence. "I don't actually want to stay in financial services but want to move more into a consulting role," said Jen Holt, a student at the Hong Kong University of Science and Technology Business School. CNN (10/1)
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Other News
From College to Career
7 tips for achieving a better work-life balance
Striking the right balance between work and family demands isn't easy, male and female executives agreed at the Women's Leadership Conference in France last week. But they did have some advice for making it work, such as making sure to take time for yourself and your family -- and not feeling guilty about it. SmartBrief/SmartBlog on Workforce (10/13)
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Thin women get bigger paychecks, study finds
Very thin women receive higher pay than average-weight women, according to a study, which also showed that overweight women were paid less than those of average weight. Meanwhile, thin men were paid less than their thicker counterparts. While stereotypes may be at play, the study also notes that people who conform to the image of an ideal body may be able to wield more power at work and actually perform better. The Wall Street Journal (tiered subscription model)/The Juggle blog (10/6)
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MBA Outlook
What it takes to be a mother and a CEO
The majority of female CEOs for large companies are also mothers, and they say they learned to handle competing demands by being flexible and choosing not to feel guilty if they couldn't do it all. They add that motherhood isn't that different from being an executive. "Being consistent is the most common trait in parenting and managing," said Laura Sen, head of BJ's Wholesale Club. The Wall Street Journal (tiered subscription model) (10/17)
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4 tips for women aspiring to senior management
Being a good manager isn't enough to catapult high-potential women into the ranks of senior business leadership, Herminia Ibarra told the crowd at the Women's Leadership Conference in France last week. Among her tips for overcoming the odds: Don't cling too tightly to your technical job skills at the expense of strategic perspective, and learn how to create influence through coalitions and networks. SmartBrief/SmartBlog on Workforce (10/12)
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Stop worrying about leadership and start leading
The concept of leadership has lost its sheen, writes Shelly Alcorn. Instead of spending so much time navel gazing and wondering who's in charge, she argues, we should seek to become men and women of action -- less leaders than facilitators capable of enacting real change. "No matter WHAT your title, or where you fit on the food chain, if you are facilitating change you are the de facto leaders in the association. Period," Alcorn writes. SmartBrief/SmartBlog Insights (9/22)
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Unity, not uniformity, must be our aim."
-- Mary Parker Follett,
American social worker and political activist
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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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