Highly educated women suffer a larger pay gap than do women with less; those with MBAs only take home 74 cents compared to a male MBA's dollar. (Photo: Shutterstock)
It's nos secret that women's pay lags behind men's to a substantial degree. Now a PayScale, Inc. study shows that while there are plenty of reasons that women's pay is lower than men's, a major factor is what it terms an “opportunity gap:” that women with comparable skills, experience and education are not advancing in their careers at the same rate as men.
The State of the Gender Pay Gap in 2019 reports that just 3 percent of women become executives, compared to 8 percent of men; that means that women are restrained from achieving higher earnings by being stuck in lower-level, lower-paid, individual-contributor positions.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
