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Could this close the gender gap in the workforce?

Studies show that companies with women in senior management perform better than those without. Yet women are still much less likely to hold leadership positions than men. So, what gives?

Could this close the gender gap in the workforce?
Photo: International School of Management

The pane may be thinner, but the glass ceiling is still very much intact.

Women remain underrepresented at all levels of leadership, accounting for 48 percent of all entry-level positions but making up just 21 percent of C-Suite executives, according to McKinsey’s most recent Women in the Workplace study.

The statistics may seem bleak, but it’s not all doom and gloom.

A string of recent studies have found there is a positive correlation between women in senior management roles and overall company performance. In fact, all evidence suggests that a gender mix at the senior level significantly boosts the bottom line.

Further your career with an international business management degree

Despite this, women still face many obstacles when it comes to career progression.

The ‘boys’ club’ nature of business is just one reason often cited for why women find it harder to climb the corporate ladder. A tight-knit network of men, often formed at business school, can seem impossible to penetrate if you weren’t part of it from the beginning.

But that’s not the case at the International School of Management (ISM) in Paris, where 43 percent of the students in its IMBA, DBA, and PhD programs are female.

Along with teaching the hard and soft skills that every business leader needs to be successful, ISM helps students get into leadership positions by introducing them to business networks while they study.

“We are also connecting students to a community of like-minded people, who can mentor them and help them through the process,” explains Alison Knight, General Director at ISM.

And it's clearly working.

Just ask Kimberly Reeve, an alumnus of the PhD program at ISM. Her time at the business school successfully enabled her to develop a network that, since graduating, has become integral to her career.

“It gave me the chance to make professional connections around the world. Now I have access to other professionals and academicians in this space.”

Kimberly found the professors at ISM played a crucial role in helping her to take the next career step by introducing her to their own networks. 

“One of my professors helped me navigate the system and make connections at an academic conference. This provided me with opportunities to participate in additional academic research and writing.”

Discover ISM’s three international business management degrees

Before receiving her PhD from ISM, it had been one of Kimberly’s career goals to teach at college level. Since graduating, she has had the opportunity to teach as an adjunct professor at two colleges in New York City.

“Having both practical business experience as well as academic training helped me quickly establish credibility with my colleagues and students.”

Kimberly isn’t the only ISM graduate who has seen career progression following her studies.

The most recent ISM Alumni Survey shows that 50 percent of PhD program graduates had gone on to get a promotion, while 45 percent have seen a salary increase since graduation.

Likewise, 42 percent of the alumni of the Doctor of Business Administration (DBA) program at ISM received a salary increase following graduation, with 42 percent getting a promotion in the two years preceding the survey.

For South African DBA candidate Sthu Zungu-Noel, an executive education at ISM has paved the way to career paths she may otherwise not have taken.

“The DBA broadened my view of things and allowed me to explore areas and opportunities I would never ordinarily have looked at,” says Sthu, who is the Founder and CEO of ZUZUTHO Consulting.

You're a leader. Where do leaders go next?

She believes her education at ISM is significantly contributing to her personal growth, along with giving her with the knowledge and confidence she needs to push forward with her career.

“I currently sit on a board of a great non-profit organisation and have found that my studies at ISM have tremendously enhanced my contribution to the board,” she says.

Much like Kimberly, the program has introduced Sthu to a whole new network of people and opened up more opportunities for her in the wider business world.

“I’ve met so many people and made new friends from all over the world in different fields and industries,” she enthuses, adding she has learnt a great deal from her new contacts.

Find out more about how an executive education at ISM can put you on the path to the C-Suite. Speak to a member of the Admissions Team.

This article was produced by The Local Client Studio and sponsored by ISM.

 

FOOTBALL

Putellas becomes second Spanish footballer in history to win Ballon d’Or

Alexia Putellas of Barcelona and Spain won the women's Ballon d'Or prize on Monday, becoming only the second Spanish-born footballer in history to be considered the best in the world, and claiming a win for Spain after a 61-year wait.

FC Barcelona's Spanish midfielder Alexia Putellas poses after being awarded thewomen's Ballon d'Or award.
FC Barcelona's Spanish midfielder Alexia Putellas poses after being awarded thewomen's Ballon d'Or award. Photo: FRANCK FIFE / AFP

Putellas is the third winner of the prize, following in the footsteps of Ada Hegerberg, who won the inaugural women’s Ballon d’Or in 2018, and United States World Cup star Megan Rapinoe, winner in 2019.

Putellas captained Barcelona to victory in this year’s Champions League, scoring a penalty in the final as her side hammered Chelsea 4-0 in Gothenburg.

She also won a Spanish league and cup double with Barca, the club she joined as a teenager in 2012, and helped her country qualify for the upcoming Women’s Euro in England.

Her Barcelona and Spain teammate Jennifer Hermoso finished second in the voting, with Sam Kerr of Chelsea and Australia coming in third.

It completes an awards double for Putellas, who in August was named player of the year by European football’s governing body UEFA.

But it’s also a huge win for Spain as it’s the first time in 61 years that a Spanish footballer – male or female – is crowned the world’s best footballer of the year, and only the second time in history a Spaniard wins the Ballon d’Or. 

Former Spanish midfielder Luis Suárez (not the ex Liverpool and Barça player now at Atlético) was the only Spanish-born footballer to win the award in 1960 while at Inter Milan. Argentinian-born Alfredo Di Stefano, the Real Madrid star who took up Spanish citizenship, also won it in 1959.

Who is Alexia Putellas?

Alexia Putellas grew up dreaming of playing for Barcelona and after clinching the treble of league, cup and Champions League last season, her status as a women’s footballing icon was underlined as she claimed the Ballon d’Or on Monday.

Unlike the men’s side, Barca’s women swept the board last term with the 27-year-old, who wears “Alexia” on the back of her shirt, at the forefront, months before Lionel Messi’s emotional departure.

Attacker Putellas, who turns 28 in February, spent her childhood less than an hour’s car journey from the Camp Nou and she made her first trip to the ground from her hometown of Mollet del Valles, for the Barcelona derby on January 6, 2000.

Barcelona's Spanish midfielder Alexia Putellas (R) vies with VfL Wolfsburg's German defender Kathrin Hendrich
Putellas plays as a striker for Barça and Spain. GABRIEL BOUYS / POOL / AFP

Exactly 21 years later she became the first woman in the modern era to score in the stadium, against Espanyol. Her name was engraved in the club’s history from that day forward, but her story started much earlier.

She started playing the sport in school, against boys.

“My mum had enough of me coming home with bruises on my legs, so she signed me up at a club so that I stopped playing during break-time,” Putellas said last year.

So, with her parent’s insistence, she joined Sabadell before being signed by Barca’s academy.

“That’s where things got serious… But you couldn’t envisage, with all one’s power, to make a living from football,” she said.

After less than a year with “her” outfit, she moved across town to Espanyol and made her first-team debut in 2010 before losing to Barca in the final of the Copa de la Reina.

She then headed south for a season at Valencia-based club Levante before returning “home” in July 2012, signing for Barcelona just two months after her father’s death.

In her first term there she helped Barca win the league and cup double, winning the award for player of the match in the final of the latter competition.

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