ROOM AT THE TOP
Survey Shows Women Accountants Continue Advancement to Management Ranks
MENLO PARK, CA -- More women are assuming financial management posts in companies today, suggests a new survey. Forty-three percent of chief financial officers (CFOs) polled said the number of management-level positions held by female accountants in their firms has increased over the past five years. In addition, 58 percent of respondents said they foresee greater numbers of women being promoted to senior financial roles in the next five years.
The survey was developed by RHI Management Resources, North America's largest consulting services firm providing senior-level accounting and finance professionals on a project basis. It was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with more than 20 employees.
CFOs were asked, "Has the number of women accountants who hold management-level positions in your company increased or decreased in the past five years?" Their responses:
|Don't know/no answer||3%|
In a related question (that was also put forth in a 1998 survey by RHI Management Resources), CFOs were asked, "Do you believe the number of women accountants who hold management-level positions in your company will increase or decrease in the next five years?" Their responses:
|Don't know/no answer||4%||3%|
"Women are continuing to rise beyond the proverbial 'glass ceiling'," said Paul McDonald, executive director of RHI Management Resources. "For example, a growing number of female accountants are being named to chief financial officer positions and achieving partner status at large public accounting firms. Other professionals are using their finance, management and entrepreneurial skills to launch their own businesses."
According to the U.S. Department of Labor Women's Bureau, women comprised nearly 60 percent of the accountant and auditor workforce in 1999. In addition, research conducted by the American Institute of Certified Public Accountants shows that women now earn more than half of all undergraduate degrees in accounting.
RHI Management Resources has locations in major cities throughout the United States, Canada, Europe and Australia, and offers online job search services at www.rhimr.com.
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