The WAGE (Women Are Getting Even) Project, a national group that helps women
close the gender gap in pay, illustrates this salary difference in a stark way. “Tina and
Ted graduated from the same university, with the same degree. They work the same number of hours, in the same type of job. And yet, as they start their first jobs, Ted is making $4,000 more than Tina. In the second year, the difference has added up to
ver a lifetime of work, a woman with a bachelor’s degree will
a third less
(some $700,000) than a man with the same degree. This pattern holds in nearly all fields of endeavor.
Female physicians earn, on average, 39 percent less than male physicians.
Female financial analysts take in 35 percent less than male financial analysts, and female chief executives 25 percent less than male executives.
Female MBAs earn, on average, $4,600 less than male MBAs in their first job out of business school.
Women start behind and
catch up. This pattern holds true even among graduates from our most elite universities: Female Harvard graduates earn 30 percent less than their male counterparts.
Male chief financial officers are paid an average of 16 percent more than their female counterparts of similar age at U. S. companies with comparable market values.
Women have made few inroads into U. S. corporate boards or executive suites. In 2012, figures show glacial progress in increasing female representation, according to Catalyst, a nonprofit research group studying women and business. Catalyst dubbed
such progress “flat, static, immobile, inert,” and its
CEO, Ilene H. Lang, said, “If this
trend line represented a
The number of women promoted to board seats in Fortune 500 companies, which had steadily increased in the late twentieth century, has dropped over the past three years. A major report by the international consulting firm McKinsey that was commissioned by the
Wall Street Journal
“despite the sincere efforts of major
corporations, the proportion of women falls quickly as you look higher in the corporate
hierarchy. Overall, this picture has not improved for years.”
Only 4 percent of health care organizations have women CEOs; among those that received more than $2 million in venture funding, zero had a female CEO.