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The struggle continues for black women managers seeking economic quality. According to a recent study by Catalyst, “Women of Color in Corporate Management,” black women are underrepresented in management, particularly in the highest-paying fields, and earn less than their white and Asian counterparts.
According to the study, minority women make up 22.7% of the total U.S. workforce, but only 14.3% of them have managerial-level private-sector jobs. African American women are the most underrepresented women-of-color subgroup. They make up 12.1% of the overall female workforce, but only 6.6% of women managers.
Overall, women managers earn significantly less than men. For every $1 that white male managers make, white women earn 59 cents and women of color make 57 cents. Asian women — the best educated group of women managers — are the highest paid, earning an average of $593 a week. Hispanic women, on the other hand, have the lowest levels of deucational attainment and earn the least, averaging only $423 a week. But while African American women managers are better educated than their counterparts, they earn less, $514 vs. $528 per week.
About 60% of women of color managers are clustered in three of the lowest-paying industries: retail trade, professional-related services and F.I.R.E. (finance, insurance and real estate).
COMPLEXION OF CORPORATE AMERICA
|Of the 2.9 Million Women in Managerial Workforce… ..|
|CONCENTRATION OF WOMEN OF COLOR MANAGERS BY INDUSTRY|
|Professional Related Services|
|African American Women||24.6|
|African American Women||15.1|
|Finance, Insurance, and real estate (F.I.R.E.)|
|African American Women||17.5|
|FOR EVERY $1 WHITE MEN EARN… ..|
|African American Men||65|
|African American Women||58|
|Source: Catalyst, New YOrk, 1997|