“Female leadership is an imperative for organizations that want to perform at the highest levels. Yet based on the slow rate of progress over the last three years, it will take twenty-five years to reach gender parity at the senior-VP level and more than one hundred years in the C-suite,” a study conducted by McKinsey & Co. and LeanIn.org reports.
Whether you’ve got your eye on that big promotion or you’re pursuing an entrepreneurial venture of your own, making it in today’s business world is no easy task for us women — and while we like to believe that improvements are being made in terms of gender equality in the workplace, we are still long ways away to an even playing field in the workplace.
The good news though is that there are steps you can take today that will help put you at a competitive advantage for that big promotion in the future. The study suggests that one tactic to help women get to the highest levels of their organization is to “create a virtuous cycle of female leadership.” According to the study, this means creating an environment in the office that fosters female leadership. That’s right. The research shows that for gender-equality to happen senior-level women need become more optimistic so they continue to push to reach the highest levels of the organization and serve as positive role models for more junior women.
Women don’t have to be mean, masculine or overly objectified to succeed in a top management position in business: We can be us and we can have it all. Strong businesswomen such as Anna Wintour (Editor-in-chief of Vogue), Indra Nooyi (CEO and chair of PepsiCo) and Arianna Huffington (co-founder of The Huffington Post) have paved the way and shown us that it is possible and highly rewarding for a woman to make it to the C-Suite—we’re all in this together!
As in so many things in life, knowledge is power—so that means we need to understand our finances in order to live the lives we want and deserve. Luckily, Ellevest, a unique digital investment platform for women, launched “The Go-Getter’s Guide To Investing,” a free guide that breaks down investing for a female audience (Yasss!), providing a money cheat sheet for all of us newbies.
“Money is power, independence, freedom, and living the lives that we want — lives that our mothers and grandmothers couldn’t have imagined,” Sallie Krawcheck, co-founder, and CEO of Ellevest tells Style Salute. So, no matter what stage you are in your life, there are ways to take your finances into your own hands.
Inspired to make it to the top? Shop our favorite go-getter leadership books below!
Next up, 7 things every woman should know before asking for a raise.
Ready to take control of your financial future? Sign up to get your free financial plan from Ellevest today.
Original artwork by Libby VanderPloeg.
Disclosures: We’re excited to be partnering with Ellevest to start this conversation about women and money. We may receive compensation if you become an Ellevest client.
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