2023 Fortune Media IP Limited. Networks significantly impact careers. The first woman in the Senate was Rebecca Felton (D-Ga.), who was appointed to the seat as a political maneuver in 1922 and served just one day. Every CEO and leader at every organizational level faces shared challenges, including: Immense uncertainty around COVID-19 A changing workforce Grappling with the impact of rapid innovation How to strike a balance between being an inspiring and reassuring leader while still pushing , Quantic is a truly global community as our network of students, alumni, and staff span six continents and 151 countries, with students from more countries joining our student body every year. Consequently, women are less likely to have strong professional and mentorship networks, social ties, or insider information. Fortunes data on the matter goes back to 2014, when 17 Global 500 businesses were run by female CEOs. Most women today still take care of household duties, even when working a full-time job. Liz Cheney (R-Wyo. In political life, while womens representation in parliament has more than doubled globally, it has still not crossed the barrier of 25% of parliamentary seats in 2020. Pew Research Center does not take policy positions. The good news is that . In tertiary education, women outnumber men, and enrolment is increasing faster for women than for men. While the numbers for women in leadership are moving in the right direction, with the Fortune 500 up to 8.2% from 6.6% in 2019, progress is still too slow and not reflective of . The number of female executives has increased since 2000, but the distribution is uneven, with men holding most positions. Representing the 13th year in a row that women had earned more doctoral degrees than men. While 4.8% represents an astoundingly low share of the CEO posts at global businesses, the statistic at the same time represents an all-time high for womens leadership. The study revealed that women CEOs were 4 years older than their male peers and worked in more positions to get to the top. But . FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Other cited challenges included family responsibilities not leaving enough time for running a major corporation (23%), women dont have access to the same kind of connections as men (20%), and women being less likely to ask for promotions and raise (18%). Women make up 28.1% of state senate seats and 31.8% of state house or assembly seats. So, why is it that these groups consistently hold a smaller percentage of leadership positions than white men? Powered and implemented by Interactive Data Managed Solutions. Connectivity that bridges borders and cultures is one of our biggest strengths if youre one of our students, you almost certainly have classmates, . Powered and implemented by Interactive Data Managed Solutions. The same study also noted the things that people felt werent relevant challenges to women in leadership. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Read our research on: World Leaders | Artificial Intelligence | Affirmative Action. The comprehensive report "Women CEOs in America 2021," presented by the Women Business Collaborative , showed that 8.2% Fortune 500 CEOs are women compared to 6.6% two years ago. Mean earnings in the U.S. 2020, by educational attainment and gender. Nancy Kassebaum (R-Kan.), who served in the Senate from 1978 to 1997, was the first female senator who was not initially elected to fill an unexpired congressional term. While this is still a small proportion of all directorships, the 1.6 percentage point increase from last year through this year is a large jump, and also represents a significant . Burns later joined Xerox as a full-time employee, and her first role was in product development. "Reporting on the hard data, sharing the facts and telling the real stories is critical to accelerating progress toward advancing more women and more women of color in business.". 41% of Americans are people of color from varying backgrounds. She was speaker from 2007 to 2011, served as the House minority leader in the Republican-controlled house from 2011 to 2019 and was elected speaker again in 2019. Even though women account for over half of the workforce in the United States. The Data on Women Leaders | Pew Research Center (+1) 202-857-8562 | Fax The percentage of female CEOs more than doubled from about 2% in 2010 to over 5.5% in 2021. Accessed on January 29, 2022, McKinsey. Women of color accounted for less than 1% of Fortune 500 CEOs in 2020, which was still a higher percentage than ever before. Bidens picks include four White women, three Black women, two Asian American women, one Hispanic woman, one Native American woman and one multiracial woman. The following table highlights the distribution of Fortune 500 CEO roles according to gender from 2000 to 2021. , . Gender Diversity in Silicon Valley - The Harvard Law School Forum on At the end of 2019, 29% of all senior management roles, globally, are fulfilled by women. Clorox just named Linda Rendle as its new chief executive, bringing the number of women CEOs on the Fortune 500 list to 38 a new record that underscores the slow pace of change at the highest . As such, it becomes difficult to juggle between work, graduate school, and family. The following statistics cover the number of female Fortune executives, Black female CEOs, and women in the technology sector. Accessed on January 29, 2022. At the start of 2020, the number was 6.7%, and at the close of 2020, women held 7.8% of CEO positions, with UPS, Clorox . Starbucks Chief Operations Officer and Group President Rosalind "Roz" Brewer speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 20, 2019. In their most recent 2020 survey, the BLS estimates that women occupy 29.3% of the chief executive roles in the US. Full report with all data:bit.ly/worldswomen2020, Department of Economic and Social Affairs, Beijing Declaration and Platform for Action, https://worlds-women-2020-data-undesa.hub.arcgis.com/, Office of Intergovernmental Support and Coordination for Sustainable Development, Division for Sustainable Development Goals, Division for Public Institutions and Digital Government, Financing for Sustainable Development Office, Division for Inclusive Social Development, Capacity Development Programme Management Office. In 2016, 30.1% of university presidents were women, triple the share in 1986. The percentage of female non-executive directors on FTSE 100 boards was at an all-time high at 44%, with 14% women chairs, 25% women senior independent directors and 35% women chairing board . En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. offers FT membership to read for free. In a world . In 2023, 18% of state governors were women. Note: This interactive was originally published in January 2015. In the U.S., where the number of women running Fortune 500 firms has hit an all-time high, women hold just. WASHINGTON, Oct. 14, 2021 /PRNewswire/ --Women Business Collaborative (WBC) with Ascend, C200 and Catalyst, has released the second annual report highlighting Women CEOs in America: Changing the Face of Business Leadership. As of March, there were 74 female CEOs employed at America's 500 highest-grossing companies, up from 41 in June of 2021 and only 7 in 2002. July 7, 2023 at 6:00 a.m. EDT. Women in the Fortune 500: 64 CEOs in half a century - CNN Business Of the 24 female senators, 16 are Democrats and eight are Republicans. Currently, the 23 women running Global 500 businesses equals just 4.6% of the total. Proportion of women parliamentarians worldwide reaches 'all-time high Between 2016 and 2018, the number of Black women holding board seats increased by 26.2%, the number of Hispanic women increased by 9.8% and the number of Asian women increased by 38.6%. Simply log into Settings & Account and select "Cancel" on the right-hand side. The power of combining the collaborative approach with our movement is already creating momentum and accelerating the pace of change for businesswomen. Women raised just 2% of a record $330 billion in VC funds last year, the smallest share since 2016. According to Fortune, the top CEOs earned an average of $12.3M as of 2020. Women seem to achieve higher levels on education on average when compared to men. Leadership positions at the corporate level are still populated by far more men than women, even after the progress thats been made thus far. Theres a 92% chance this is a joke, because roughly 8% of CEOs are women. Accessed on January 29, 2022, Forbes. Women raised just 2% of a record $330 billion in VC funds last year, the smallest share since 2016. The DEAC is listed by the United States Department of Education as a recognized accrediting agency and is also recognized by the Council for Higher Education Accreditation (CHEA). Gaps are largest in Northern Africa, Western Asia and sub-Saharan Africa, where 43% and 35% of countries respectively have not passed such laws. Gender Parity on Boards Around the World - The Harvard Law School Forum 10 on the Global 500 and No. The views expressed in this article are those of the author alone and not the World Economic Forum. Accessed on January 29, 2022, Statistica. Women who earn a masters degree have an average salary of $66,700 in the United States, while men who achieved the same level of education earn an average of $99,600. While school closures related to COVID-19 are likely to set back progress on access to education, evidence shows that girls, once they have access to schooling, tend to do better than boys in terms of academic achievement. All Rights Reserved. Nancy McKinstry is the CEO of Wolters Kluwer and has an MBA from Columbia University. These low percentages are true across much of the corporate world. The industries with the lowest rates of women in leadership include mining/quarrying (12%), construction/real estate (18%), and transport (19%). university Not all women in leadership positions are created equal, as there are still demographic disparities between those in different industries, and those with different skin colors. For more details, review our .chakra .wef-12jlgmc{-webkit-transition:all 0.15s ease-out;transition:all 0.15s ease-out;cursor:pointer;-webkit-text-decoration:none;text-decoration:none;outline:none;color:inherit;font-weight:700;}.chakra .wef-12jlgmc:hover,.chakra .wef-12jlgmc[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}.chakra .wef-12jlgmc:focus,.chakra .wef-12jlgmc[data-focus]{box-shadow:0 0 0 3px rgba(168,203,251,0.5);}privacy policy. Boardroom quotas often seem like the best solution to gender inequality. During this time, she introduced AdSense and was in charge of Google Videos when a free video-sharing website caught her attention: YouTube. In 2020 there were 37 female Fortune chiefs (7.4%). Individuals in leadership positions are the ones who have the power to enact real change (or keep up the outdated status quo) in the ecosystem that theyre directing. How many female CEOs are there in the U.S.? | World Economic Forum Currently, the 23 women running Global 500 businesses equals just 4.6% of the total. Gender Inequality Companies are defaulting to hiring male CEOs during the pandemic, says a new report. Women represent 58.4% of the US workforce as of September 2022 but only held 35% of senior leadership positions, Companies with women executives are 30% more likely to outperform other companies, Less than 1% of Fortune 500 CEOs are women of color, Women account for 55.75% of first-year law students but only represent 40% of lawyers in the United States as of 2022, Women represent 56.5% of medical students in the United States but only account for 37% of doctors as of 2022, For further analysis, we broke down the data in the following ways: Despite their importance, traditional MBAs are notoriously expensive and not accommodative enough. Within management functions, women are comparably concentrated in specific roles compared to men. A record number of 23 women are now running Global 500 businesses, according to Fortune. Accessed on January 29, 2022, Statistica. Accessed on January 29, 2022, Catalyst. How gender-equal are the world's boardrooms? | World Economic Forum There are 118 women serving as voting members of the House of Representatives at the outset of the 117th Congress, comprising 27.3% of House members. Since then, Mary Barra went from GM manager to Senior vice president (2011), to GM executive vice president (2013), and then CEO of GM (2014). Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Kyle Grillot | Bloomberg via Getty Images. Some companies allow their staff time off for educational purposes, even paying for it. Shocking Male vs Female CEO Statistics 2023 - Leftronic During COVID-19 lockdowns, many women and girls have been isolated in unsafe environments where they are at heightened risk of experiencing intimate partner violence. They include Tan Sin Yin, co-CEO for China's Ping An Insurance; Roz Brewer, CEO of Walgreens Boots Alliance; Mittal of Oil & Natural Gas; and Duckett of TIAA. As Korn Ferry noted, most women CEOs are generally older than their male counterparts, possibly because they took some time off for family. The Statista "Chart of the Day" currently focuses Roughly 13 percent of American adults live alone, research shows. Percentage of women CEOs rises during challenging business year You may change or cancel your subscription or trial at any time online. The first woman in a Cabinet-level position was Frances Perkins, appointed as secretary of labor by President Franklin D. Roosevelt in 1933. Mapped: Visualizing the US Population by Race. 1 They earn more than 57 percent of undergraduate degrees and 59 percent of all master's degrees. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Accessed on January 29, 2022, McKinsey. In the U.S., where the number of women running Fortune 500 firms has hit an all-time high, women hold just 8.2% of the CEO spots. In2020, only 47% of women of working age participated in the labour market, compared to 74% of men a gender gap that has remained relatively constant since 1995. While women remain statistically underrepresented on Fortune 500 boards, 2019 saw a particularly sharp increase: 44% of new appointments to boards in 2019 were women. BAC | Bank of America Corp. Stock Price & News - WSJ Outside of the U.S., leadership changes at Chinese company Ping An Insurance and French food business Danone have also led to more women leading Global 500 companies. Weve gathered together more data on women executives according to race, industry, and how to improve gender diversity in upper management. And yet, the stats on gender equity in this country are simply absurd. Theres also a pretty large discrepancy in the percentage of female higher education students and women who end up actually involved with the professional field. In 1965, just 2.3% of U.S. representatives were women. Which topics are covered by the "Chart of the Day"? And with Mary Barra as CEO of GM, the company is one of only three global businesses that doesnt have a gender pay gap. CVS, which is ranked No. world relating to economic and political issues as well as While record-breaking improvements have been made in female leadership, the magnitude of these developments shows that theres much more work to be done before the playing field is leveled. Bryan Johnson sold his company to PayPal for $800 million. No country has achieved gender equality, and the COVID-19 crisis threatens to erode the limited gains that have been made. Below you can dig deeper into the data for more specific jobs for women in leadership or browse through management industry jobs. Unpaid domestic and care workholding women back. Though women comprise about 47 percent of the U.S. workforce, they make up barely a quarter of all senior executives at large U.S. public companies. and other data for a number of reasons, such as keeping FT Sites reliable and secure, At Chief, we arent calling it Womens History Month but are celebrating Womens Future Month, and continuing our commitment to support todays most powerful women executives who are paving the way. A weekly update of the most important issues driving the global agenda. Need infographics, animated videos, presentations, data research or social media charts? Bryan Johnson sold his company to PayPal for $800 million. Numbers, Facts and Trends Shaping Your World. Delivering through Diversity. Gain a global perspective on the US and go beyond with curated news and analysis from 600 Overall there are more female directors, but fewer getting the top jobs. As can be seen by the following infographic showing a selection of 15 countries polled, respondents in Mexico, Brazil, India, Turkey and Russia all guessed that the share of female CEOs in the. While these numbers decreased slightly in 2021, women are still leading in degrees earned. At . With the departures of Avon's Sheri McCoy and Mondelez, Inc.'s Irene Rosenfeld, two female CEOs leading major companies, the number of women leading in the business world drops yet again.. Percent of Women Faculty at Yale by Department: Biological Sciences: 24.3% women; Physical Sciences: 17.9% women; SEAS: 20.3% women; Medicine: 41.1% women; . In the FTSE 350, 82% of chief financial officers (CFOs) are male. There are 118 women serving as voting members of the House of Representatives at the outset of the 117th Congress, comprising 27.3% of House members. As the first Native American cabinet secretary, Deb Haaland established a 13-member task force within the Department of the Interior to rename more than 600 geographic sites across the U.S. that contained a derogatory term referring to indigenous women. The report, which draws on data and includes the most comprehensive breakdown of women in corporate leadership in the US, was released on October 13th via a live roundtable discussion. Without access to such networks, its hard to imagine more Women CEOs. For a full comparison of Standard and Premium Digital, click here. No votes so far! Accessed on January 29, 2022, Women Business Collaborative. Women in business: The percentage of women in senior management positions increased in 2021 worldwide CEOWORLD magazine. And Why So Few? Breaking down that figure by age groups, the population of solitaries rises from 4 percent of adults at ages 18-24 to 9 percent at . These included that women arent as good at being managers as men (77% of the poll stated this was not a reason there arent more women in top executive positions) and women arent tough enough for business (68% of the poll stated this was not a reason there arent more women in top executive positions). This translates to 147 women out of 535 seats across both the House of Representatives and the Senate. Unfortunately, to stay competitive, companies must hire according to needs, skills, and abilities. For every 100 men earning a doctoral degree in 2020, 113 women did the same thing. In 2009, Ursula Burns became the first-ever Black CEO of a Fortune 500 company (Xerox) and the first to succeed another female in that role. With that, her career in management was underway. The World's Women 2020: Trends and Statistics compiles 100 data stories that provide a snapshot of the state of gender equality worldwide. In terms of power and decision making, women held only 28% of managerial positions globally in 2019 almost the same proportion as in 1995. A record number of women are now running Global 500 businesses - CNBC