Study Compares Gender Parity with Other Industries

September 4, 2019

Pharmaceutical Executive

The Healthcare Businesswomen’s Association (HBA), a global not-for-profit organization dedicated to furthering the advancement and impact of women in the business of healthcare, points to a paper recently published by McKinsey, it’s annual

The Healthcare Businesswomen’s Association (HBA), a global not-for-profit organization dedicated to furthering the advancement and impact of women in the business of healthcare, points to a paper recently published by McKinsey, it’s annual Women in the Workplace study. Data from the study looks deeper into how women fare on compensation, promotion rates, and positions compared to peers in other industry segments.

Overall, the news is favorable for women in the business of healthcare-including those working in pharma, medical devices, and biotech.

Key takeaways from the McKinsey report include:

  • Over 60 percent of employees entering the healthcare industry are women

  • Healthcare draws 50 percent of STEM graduates

  • Rates of promotion are higher with healthcare outperforming almost all other sectors in the first critical promotion step from entry level to manager

  • Women are better represented in healthcare at all levels than in corporate America overall:
  • 42 percent of VP roles compared to 29 percent

  • 31 percent of senior VP roles compared to 23 percent

  • 30 percent of C-suite roles compared to 22 percent

  • Women in healthcare reported receiving more of what they requested in compensation negotiations more often than men did

You can read the full Women in the Healthcare Industry report here.