The role of women in society – and the economy – has come a long way since the days of the traditional sphere of work (i.e., caregiving, within the domains of a home).
Today, the additional economic contribution of women entering the workforce since the 1970s has accounted for nearly 25 percent of America’s GDP, while American women have gone from holding 37 percent of all jobs to nearly 48 percent.
However, even with modern advances toward gender equality, the number of women CEOs on the Forbes 500 in 2012 was a paltry 4 percent (20 CEOs). Nevertheless, this remains a record, and shows a growing acceptance of women leaders in business. In fact more than half of the women CEOs landed the top job between 2011 and 2012.
With women also breaking records as GMAT participants and MBA Program enrolees, are women CEOs the future of businesses?
Credit: Best Healthcare MBA Degrees