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Women Entrepreneurial Statistics

The Bad News...

The bad news is that we still have a long way to go. Even though discrimination laws now prohibit outright sexual discrimination, more subtle practices still affect the position of women in the business world.

 You might have been unaware that:

• In 1992, two thirds of all part-time workers were women.

• The sexes are still segregated in the work-force: 99% of secretaries, 93% of bookkeepers, 93% of nurses, 82% of administrative/clerical support workers, 91% of textile workers and 82% of housekeepers are women.

• Among the Silicon Valley's 1,686 major technological companies, only 5.6% are led by women.

• The average man with a high school education working full-time earns more than the average woman working full-time with a college degree. In 1992, men with an associate's degree working full-time earned nearly the same as similarly employed women with a master's degree -- $32,221 and $33,122 respectively.

• Only 2.5% of top earning fortune 500 executives are women.

• In the Korn/Ferry poll, 63% of female executives said that "barriers to women have not fallen at the senior management level" and 70% believe that "women do not receive equal pay for comparable jobs."

• Salaries for women still lag behind those for men in many areas including accounting, financial services, and various sciences.

• In the Wall Street Journal/Gallup poll, more than 4 out of 5 people believe that "there are disadvantages to being female in the business world." and 3 out of 4 believe they have fewer professional opportunities available to them as those available to men.

• In a 1995 survey conducted by Deborah Swiss, the vast majority of female managers surveyed still experience unfair treatment and negative attitudes on the job and most believe that "differential and exclusionary treatment" at work is a career obstacle.

• More than half of the women in the Swiss survey had not advanced in their careers as quickly as men with the same credentials. 68% believe they are held to a higher standard than their male coworkers.

• Male supervisors have been found to scrutinize female employees more closely than male employees -- especially on high-risk assignments.

• Women are less likely than men to be self-employed.

• Among women in business for fewer than ten years, 22% started a business because they experienced "glass ceiling" issues in their former careers, compared to 9% of women who have owned a business for 20 or more years.

 • Companies established or run by women received just 1.6% of the $33.5 billion invested in technology from 1991 to the third quarter of 1996.

For more information, visit these links:

The National Foundation for Women Business Owners

U.S. Small Business Association Statistics on Women Business Ownership

U.S. Department of Labor Women's Bureau

Other sources:

• Crittenden, Ann. "Up the corporate ladder: a progress report." Working Woman, May, 1996 v21 n5 p22 (1)

• Hamm, Steve. "Why women are so invisible." Business Week, August 18, 1997 n3541 p136 (1)

• Rheem, Helen. "Equal opportunity for women: the verdict is still mixed." Harvard Business Review, July-August 1996 v74 n4 p12 (2)

 

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Copyright 1998 Diane Maluso and the Women Mean Business class. All rights reserved.