Tuesday, April 20, 2010

Gender and salary

In general, men tend to earn more than women. Is that true when we control for job titles? What if they have advanced scientific or business degrees? Researchers have explored this issue of salary differences between men and women and they seem to consistently find that men are earning more and their salaries are rising faster. Women who have MBAs are earning roughly $4,600 less than men who have MBAs. I don't know how this compares when you're looking at MD/MBAs instead of standard MBAs, but I doubt we'll get any data on that anytime soon.

Here are some interesting points from one HBR blog post:
  • The most surprising finding was that unequal pay starts with first jobs.
  • Women, it turns out, were far more likely than men to leave their first job because of a bad manager. In fact, as many women were leaving because of their manager as were leaving because of other opportunities.
Here's another HRB blog that approaches this issue from another angle:
  • Why are we focusing on the negatives associated with the gender-salary gap?
  • In 2010, the US labor force was majority female.
  • 26% of wives out-earn their husbands
  • More women than men are starting American companies
  • Women earn 6 in 10 bachelor's and master's degrees
Here's a great resource for women working in the healthcare industry: the Healthcare Businesswomen's Association (HBA)

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