Female UK business leaders are three times more likely to need a qualification from an elite university to get top jobs than their male counterparts, according to new research by executive search agency Green Park.
Among top 20 employees at FTSE 100 companies, 76 per cent of Russell Group graduates and 70 per cent of Ivy League graduates are women.
Raj Tulsiani, CEO of Green Park, says this shows that “female leaders need to achieve more than men before they even start their careers.”
And there was more good news for women in business as it emerged that they now occupy 35 per cent of managerial positions in the UK, up from 32 per cent in the previous year, according to Santander analysis of ONS data.
However, Santander also pointed out that just 32 women are executive directors at FTSE 250 companies.
“Getting more women into business should be an absolute priority for the UK,” said Sue Douthwaite, managing director of Santander Business Banking. “Unfortunately, the data shows that too few women are at the top of UK businesses or setting up their own companies, and this needs to change.”
Research by the Federation of Small Businesses has previously shown that only 18 per cent of smaller firms which are employers are majority-led by women.
This article was published in City A.M. on Monday, 13th March 2017. For the City A.M. article click here.