Italy: Women Get Better Pay, Same Promotion Rates as Men at the Executive Level

Article here. Excerpt:

'Female executives who break through the “glass ceiling” in corporate America are rewarded with higher overall compensation than their male counterparts and benefit from the same rate of promotion, according to new research from the Tepper School of Business at Carnegie Mellon University.
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The findings, gleaned from tracking the career paths and compensation of more than 16,000 executives over a 14-year period, identified that female executives actually earned a total of about $100,000 more per year than men of the same age, educational background and job experience. On average, total compensation for all of the executives — about 5 percent of whom were female — was about $2.46 million, including nearly $461,000 in salary and bonuses. The average age was 53 and approximately 23 percent of the executives studied — men and women — held an MBA.

However, women within the overall sample were, on average, younger and less experienced than males at the executive level and more prevalent at the lower executive levels. For example, only 2 percent of executives at the CEO, president or chairman level were female, while women represented nearly 6 percent of CFOs or vice presidents.'