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Female graduate high-fliers not in it for the money
Friday, 07 September 2007
Professional & financial services
A number of female graduates embarking on careers in business do so for personal contentment and not for money, new research has claimed.
According to a study by DivaBiz, some 51 per cent of women are in the business sector for satisfaction whereas less than quarters were in it for financial reasons.
The figures also show that female business employees feel undervalued, with more than half of respondents claiming that their male managers did not understand their true worth.
Commenting on the findings, Fiona Price at Diva-Biz said: "The fact that business women are driven by personal fulfilment is helpful in explaining the strong emphasis women place on culture, teamwork, ethics and excellence in business."
She added: "If senior management does not personally support the development of women in their organisations it is no wonder that the millions spent on diversity to date seems to have yielded pretty poor returns for corporate women".
Meanwhile, a survey conducted by the Chartered Management Institute and Remuneration Economics suggests that even though more women are being promoted to management positions their pay has not significantly increased.