Recently, New Latina shared a recent study published by the Institute for Women’s Policy Research, revealing that the gender wage gap has failed to narrow in the last decade, narrowing less than half of one percentage point. At present, the average American woman earns 81 cents for every dollar earned by her male counterpart. However, a new infographic published by MBA.com reveals that when certain factors like occupation, location and education are involved, some women have the potential to outearn men!
Females, on average, are graduating from high school and attending college at higher rates than are men; with 3% more girls than men graduating from high school than boys, and 8% more women attaining a Bachelor’s degree than their male peers. When it comes to overall earning potential, a survey of 147 U.S. cities reveals that women’s earning potential increases when she is unmarried and does not have children, allowing her to earn up to 8% more than her male colleagues. Those women have even higher earning potential if they live in any of these four cities: New York (17%), Memphis (20%), Atlanta (20%) and San Diego (15%).
Women’s potential to outearn men also increases if they hold positions as occupational therapists, interviewers, aircraft/ vehicle mechanics, or a health technicians. Within these four occupations, women either outearn or receive equal pay to their male counterparts. Furthermore, women are more likely, now more than ever, to become heads of of publicly traded companies than their male counterparts of similar age, education and professional backgrounds!
Though American women still earn less than men, overall, the MBA.com infographic breaks down some of the factors that lead to higher earning potential for women, allowing young professionals, established professionals and job seekers the opportunity to see the established paths to higher pay, and establish inroads to opportunities that will minimize the wage gap. The biggest theme, and intent, of the infographic, however, is to show how women’s pursuit of higher education has impacted female earning potential, over time. So, regardless of the professional path you take, make sure you educate yourself, either formally or informally, because soon your successes will be documented to inform, inspire and impact the next generation of female professionals. Adelante!
Courtesy of: MBA Programs