Featuring: Dr. Chitra Lele, Sciformix Corporation
Currently, executive women hold only about 4.6% of CEO positions in S&P 500 companies. Research from McKinsey & Company reports that at the first critical step up to manager, women are 18% less likely to be promoted than their male peers. This gender disparity has a dramatic effect on the representation of women: if entry-level women were promoted at the same rate as their male peers, the number of women at the senior VP and C-suite levels would more than double. Additionally, McKinsey notes that women are less likely to receive advice from managers and senior leaders on how to advance, and employees who do are more likely to say they’ve been promoted in the last two years.
Similarly, women are less likely to interact regularly with senior leaders, yet employees who do are more likely to aspire to be top executives. Finally, in its Women in the Workplace 2017 study, McKinsey notes women are less likely than men to aspire to be a top executive, and those who do are significantly less likely than men to think they’ll become one.
To provide some much-need inspiration, we looked to our PharmaVOICE community of executive women to find out how they navigated to the top of their fields.