[INFOGRAPHIC] The Tide Turns For Women In Tech
In studying women in the workplace, there is much to be said about a lack of sufficient representation. Within the tech world, it is an intuitive recognition that women have difficulty establishing themselves in technical and founding roles. Though there has been modest progress, a McKinsey study found that almost twice as many men are hired externally as directors and SVPs, when compared to women.
The underlying problem is two-dimensional. Indeed, while women make up half the workforce, only 24% pursue a STEM (science, technology, engineering and mathematics) degree. In developing countries, the number is even less. Moreover, when women do start working in tech companies, the lag in early stage promotion makes it even more difficult to ascend to more senior managerial roles. For example, 7% of partners at the top 100 VC firms are women; and only 12% of partner roles at corporate venture firms and incubators are held by females. According to the Sheffield study, the Middle East suffers a total income loss of 27% as a result of an unfavorable environment for women working and starting up companies.
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