Mind the gap: Business schools help women break the glass ceiling

Michael Johannes, the Ann F. Kaplan Professor of Business at Columbia Business School, weighs in on the shockingly large gap between the the number of women with advanced financial degrees and at the highest levels of the financial industry. By Laura Noonan Photo Credit: Financial Times

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“It’s a little puzzling,” says Michael Johannes, a professor at Columbia’s Graduate School of Business who teaches a two-year masters in financial economics. This course attracts around 20 participants and is typically split 50/50 men to women. He suggests that it will take time for women emerging from finance courses to make their way into the upper echelons of financial institutions.

Other academics, including many who have worked in the financial services industry, blame a familiar set of factors for why so few women are in senior positions. These include work practices that clash with family life; a lack of transparency around salaries and promotions; and too few female role models for women to follow.

Quoted from "Mind the gap: Business schools help women break the glass ceiling," Financial Times.

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Developing ideas and leaders that transform the world—from the very center of business. As the only top Ivy League business school immersed in the global business hub that is New York City, we offer students unparalleled access to leaders from across industries — in the classroom, throughout the city, and around the globe. The Lord Irvine A.S. Laidlaw ’65 Scholarship at Columbia Business School provides crucial financial assistance to female MBA students, giving them access to an unparalleled business education and entrée into an expanding community of incredibly talented and supportive Laidlaw Columbia Business Scholars.

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