The industries where women are making the most and least C-suite progress

The enterprise world suffers from large, persistent gender gaps in management, however there’s optimistic information about progress in the direction of closing these gaps.

Exclusive new Equilar analysis of the Russell 3000 discovered accelerating progress of women in management roles. Growth of women in government roles accelerated to a median 6.9% tempo between 2016 and 2021, up from a 3.8% progress price in the prior 5 years. That progress led women to carry almost 14% of named government officer roles in 2021 (that refers to the prime 5 most highly-paid executives). Having half of the inhabitants maintain one-seventh of government positions sounds low, however it’s certainly progress, up from women holding 8% of these roles again in 2010.

Progress shouldn’t be equal throughout industries — and some sectors present lagging progress. Energy has the lowest illustration of women amongst named government officers, at 9%. The sector with the second-worst illustration is monetary companies, with 12% of these prime jobs held by women, together with the second-lowest progress price of all the sectors. (This could also be stunning contemplating the presence of high-profile leaders comparable to Citi CEO Jane Fraser.)

The greatest progress sectors for feminine illustration over the previous decade have been primary supplies and industrials, where women’s share of named government positions has doubled or higher (supplies from 6% to 14% and industrials from 6% to 12%). The sectors which have the highest illustration of women at the prime are utilities — 21% of management is feminine — and well being care, which has 16% feminine management.  

Notably, women are seeing higher features in sure roles — and the greatest progress is being made at the very prime. The proportion of feminine CEOs greater than doubled from about 2% in 2010 to over 5.5% in 2021. In distinction, the positions of CFOs, treasurers and finance VPs noticed a lot smaller progress of their feminine ranks, by 47%, 41%, and 56% respectively. This could possibly be a possible purple flag for the pipeline of feminine CEOs, as these finance roles historically result in the highest administration positions.

Of the 37 feminine CEOs who have been appointed to run Russell 3000 corporations in 2021 and 2022 (to date), slightly below half held C-suite roles (CEO, CFO or COO) at their firm or exterior corporations instantly previous to taking the helm. The others have been presidents, EVPs or different positions. Only certainly one of the newly-named CEOs is a founding father of her firm — Mary Fedewa, of Store Capital, and she was promoted from the COO position final April. 

Check out:

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