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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
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Why ‘Leaning In’ Won’t Help Women Get Equal Pay

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November 10, 2015, 1:00 PM ET
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The more a woman works to distinguish herself and advance her career, the larger the wage gap separating her from similarly qualified male colleagues. That’s according to PayScale’s new report, “Inside the Gender Pay Gap,” which finds that the compensation gulf widens as a woman’s job level and educational attainment increase. Women who’ve earned PhDs and spots in the executive suite face the greatest wage discrimination of all.

Male executives earn a staggering 33% more than their female counterparts. And even when controlled for factors like years of experience, education, skills, management responsibilities, and company size, the gap remains at 6%, according to PayScale’s report, which collected data on 1.4 million full-time employees between July 2013 and July 2015.

Men and women who have no management responsibilities have the narrowest controlled wage gap, at 2.2%.

Even when a women has a mentor or higher-up looking out for her, the wage gap persists. While both men and women who have been recommended for leadership training earn more money than their counterparts who have not, men see a greater pay increase than women. Among those who have been targeted for the manager track, the wage gap is 3.3%; among those who have not, the gap is only 1.6%.

And just as being a workplace leader doesn’t close the gap, neither does more education.

The controlled pay gap between a woman who holds an associate degree and her similarly credentialed male colleague is 2.2%, the smallest of any male-female peer groups.

Women who’ve earned a doctorate face the highest controlled pay gap (5.1%), followed by MBA graduates (4.7%) and those who have earned medical degrees (4.6%).

Surprisingly, women who opt to study at some of the nation’s most well-regarded schools also reported the biggest controlled pay gaps relative to their male peers. Ivy league graduates have a 4% controlled gender wage gap and a 28.7% uncontrolled gap. By contrast, graduates of art and design schools are tied with those of engineering schools for the lowest controlled gender pay gap, 1.9%.

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