Business schools are pushing toward greater levels of gender diversity, but progress continues to be slow when it comes to corporate leadership. "The companies are not doing their part to implement a structure for fair hiring and promoting policies," said Forté CEO Elissa Sangster, who offered four suggestions for creating change.
Progress toward closing the gender gap in the technology world "has to come from the top" with the support of a company's leaders, says YouTube CEO Susan Wojcicki. She reflects on her own experiences in corporate boardrooms, noting that it's important to be direct and confident to ensure others listen to your opinions.
Companies that employ the highest proportion of women produce superior stock-market returns as compared to those with the lowest proportion, according to a Morgan Stanley report. The trend holds around the globe and even after controlling for company size, profitability and other factors.
Five times as many women could become corporate leaders if US businesses changed their culture, according to a survey and report by Accenture pegged to Women's Equality Day. The survey of 22,000 working men and women from 34 countries found 40 factors -- including the creation of a diverse leadership team and family friendly policies -- can influence advancement for women.
No women or minorities are CEOs of major banks; women constitute just 29% of bank boards, while minorities make up 17%, according to a report by the House Financial Services Committee. The report was completed at the request of House Financial Services Chairwoman Maxine Waters, D-Calif., and Diversity and Inclusion Chairwoman Joyce Beatty, D-Ohio.
Although MBA degrees were most searched master's degree in the United States from July 2018 to July 2019, having a clear idea of where that MBA will take you is key before diving in, writes Beth Luberecki. It's also not a bad idea for those who want to pursue an MBA to get several years of work experience first, she writes.
College graduates should develop a mini-story about themselves and study up on proper business etiquette, says Stacey Harris of Year Up. They also should reach out to professionals in fields of interest for informational interviews to hear their stories and build a network, suggests Stanford University professor Dave Evans.
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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