30+ Essential Real Estate Statistics

30+ Essential Real Estate Statistics
ByDragomir Simovic
June 11,2021

Back in 2013, CareerBliss announced that being a real estate agent is the single most satisfying job you could have. Obviously, this affected the national real estate market and led many people into this line of work. Who doesn’t want to be happy, right? Today, there are more than two million real estate agents working in the United States.

After all, who doesn’t want to be happy? Today, there are more than two million real estate agents working in the United States: With so much active competition, it’s crucial to stand out from the crowd.

Luckily, real estate statistics can help you gain insights about the market, homeowners, buyers, and real estate agents themselves. Impress a potential buyer with your extensive knowledge of the most important real estate sales trends right now. Find out who your clients are, what they want, learn about their buying habits, and transform them into happy customers by scrutinizing the enormous competition at work today.

  • There are more than two million real estate agents in the United States.
  • The median sales price for houses bought in December 2020 was $355,900.
  • 76% of realtors use Facebook for their work.
  • The average down payment for a new home is $59,880.
  • The average US realtor has nine years of experience.
  • 842,000 houses were sold in the United States in 2020.

Real Estate Agent Statistics

41% of home buyers choose a real estate agent based on a recommendation.

(National Association of Realtors)

Nearly half of all potential buyers rely on recommendations from friends, neighbors, or relatives when choosing their realtor. According to NAR statistics, only 12% of buyers opt for agents they’ve worked with before. Does this mean that they have more faith in other people’s judgments, or is it just a matter of having bad experiences? Make sure you make a great first impression.

52% of home buyers say the main purpose of a real estate agent is to find their desired property.

(National Association of Realtors)

Clients also need help when negotiating, and about 12% of them rely on an agent to negotiate terms of sale or get a better price. If you think your main goal is to sell the neighborhood to the buyer and explain the benefits of a certain area, you’re wasting your time. Only 1% of buyers want to learn more about the neighborhood from the agent. Most of them have probably already done the research and gone through commercial real estate statistics beforehand.

75% of home buyers choose the first agent they interview.

(National Association of Realtors)

If you schedule a meeting with a potential buyer, there’s a good chance you’ll be hired. The majority of people settle for their first choice, while only 15% interview a second agent afterward. This means that you should concentrate all your efforts on getting that first interview. A bit of clever marketing and a good reputation can go a long way.

There are over two million real estate agents in the United States.

(HomeLight)

This includes both licensed NAR REALTORS® and the real estate agents outside of the association. Of course, the situation is not the same across the country. Real estate statistics by city report that Los Angeles, for example, has a record-breaking number of 39,307 active real estate agents. Chicago, Houston, and Phoenix are near the top with over twenty thousand working real estate agents.

64% of realtors are women.

(National Association of Realtors)

These realtor statistics come from the National Association of Realtors 2020 report, which included its vast membership of 1.40 million people. For comparison, there were 1.23 million members of the National Association of REALTORS® in 2016. The upward trend is bound to continue with more and more houses being sold every year. According to NAR, the typical realtor today is a college-educated 55-year-old white woman.

76% of realtors use Facebook for their work.

(National Association of Realtors)

(Statista)

Real estate agent stats show that most licensed agents rely on Facebook for their real estate marketing needs. It makes sense, considering it’s one of the world’s largest social networks, with over 2.79 billion active users worldwide. In addition, more than half of realtors (60%) covered in NAR’s research use LinkedIn to promote their work, while 70% have their own website. The majority of them use some kind of real estate CRM software.

In 2019, realtors’ median business expenses were $6,290.

(National Association of Realtors)

In order to be good at their jobs, realtors need to stay mobile. Because of that, the biggest chunk of their money goes to vehicle expenses - $1,400, according to US national real estate statistics. This is a lot when you consider the fact that agents earn a median gross income of $49,700.

According to 2020 statistics, an average US realtor has nine years of experience.

(National Association of Realtors)

NAR research states that the number has risen by a year since 2018. This means that although younger, inexperienced agents keep joining the market, turnover is dropping slightly. It is essential to mention that this is not an average number but a median: The latter can provide you with more accurate information without letting extreme values affect the score.

FSBO Statistics

Only 5% of all buyers choose to purchase a home directly from the owner.

(National Association of Realtors)

When they decide to buy a home, most people (89%) first turn to a real estate agent. Buyers who decide to contact homeowners directly are rare. In more than half the cases, they already know the person they’re buying from. Another 5% choose to buy directly from the builder.

The homeownership rate in the Q4 of 2020 was 65.8%

(United States Census Bureau)

These rates have been on a steady rise since 2015. The final quarter of each year usually yields the highest percentages. Real estate statistics in 2020 show that this year’s last quarter is similar to the fourth quarter of 2019, when the rate was 65.1%.

The Midwest has the highest homeownership rate at 70.8%.

(United States Census Bureau)

This is according to the US Census Bureau report from the fourth quarter of 2020. The South is in second place with 67.7%, followed by the Northeast at 62.6% and the West at 60.4%. If we compare these figures to previous year’s real estate agent statistics, we’ll see that they’re pretty much the same. The only “major” fluctuation was a 1.3% YoY increase in the fourth quarter in the Midwest and a 1% YoY increase in the South.

More than four-fifths (80.2%) of US citizens aged 65 or over own their homes.

(United States Census Bureau)

On the other end of the scale are people under 35, where only 38.5% of them have their own homes. The percentages increase with age, so the next age group (35-44) reaches 61%, which is quite a leap. This makes sense considering older Millennials are the ones buying most of the houses nowadays.

Housing Market Statistics - Figures

842,000 houses were sold in the United States in 2020.

(United States Census Bureau)

This data comes from the December 2020 report provided by the US Census Bureau and the US Department of Housing and Urban Development. The number is seasonally adjusted to account for the usual seasonal fluctuations that happen between March and October. It is usually the time of the year when people go house-hunting and make purchases.

The median sales price for houses bought in December 2020 was $355,900.

(United States Census Bureau)

Because these housing market stats offer a median value, it gives us a more realistic presentation of the situation. It eliminates the extremes that might tip the scales in one direction or the other. Also, the average house price in December 2020 was $394,900.

You need to earn at least $60,770.08 a year to afford a new home.

(HSH Associates)

his data comes from HSH, a website dedicated to mortgage rate analysis. They used the median home price and various tax rates in 50 US metropolitan areas to come up with this estimate. However, their numbers might be a bit outdated since HSH reports the national median home price at $313,500. However, official data from December 2020 reveals that the median price is actually $355,900. This means that you will probably have to earn a bit more to cover the expenses.

The average down payment for a new home is $59,880.

(Forbes) (United States Census Bureau) (United States Department of Labor)

According to BLS data housing statistics from the Q4 of 2020, the median weekly earnings in the USA are $983 per week, which translates to $51,116 a year. This means that a typical home buyer in America needs to save more than a year’s worth of their salary to be able to afford the down payment. Because a lot of people can’t actually afford that, they opt for a higher mortgage rate.

The median asking rent has reached an all-time high of $1,190.

(YCharts) (United States Census Bureau)

As many unfortunate US tenants can confirm, their rent has been on a steady rise for more than a decade, and it’s highly unlikely it will go down anytime soon. When it comes to median asking sales prices, the situation is similar but with more fluctuations. The real estate prices dropped after the recession but quickly picked up the pace in just a few years.

Home Buying Statistics

At 37%, millenials are the biggest home buyers on the market.

(National Association of Realtors)

Of course, not all millennials are the same. NAR’s report differentiates between younger and older generations of millenials to show that the latter is the one doing all the work. People who belong to the age group between 29 and 38 hold 26% of the home-buying real estate market share. The second-largest group are the Gen Xers who hold 24% of the market share.

Real estate statistics show that 24% of home buyers still have student loan debt.

(National Association of Realtors)

People in the United States are used to living in debt, so it’s no surprise that many of them would decide to buy a home while still paying off student loans. According to the National Association of Realtors statistics, the median amount they owe is $28,000 but 18% of buyers owe more than $75,000.

Among home buyers aged 29-38, 33% decided to buy their homes to take care of their parents.

(National Association of Realtors)

This is the older generation of millennials, the age group that is also the most active when it comes to home purchases. At this age, people already have steady jobs or hints of a career, so they’re able to think about their loved ones. Another 30% of older millennials agree that taking care of family is the most important reason to buy a home.

33% of people who buy a home in the USA are first-time buyers.

(National Association of Realtors)

This means that almost one third of all home-buyers need help from professional real estate agents to ensure a successful transaction. It makes sense, since FSBO vs realtor statistics suggest that the large majority of people don’t like buying directly from homeowners anyway. Homes for sale by owner can often turn out to be scams and the paperwork is a lot more complex.

The desire to own a home is the main reason young people want to purchase a house.

(National Association of Realtors)

This desire decreases with age, so it’s a primary incentive for only 7% of people over 64. At that point in life, the primary motivators slowly become retirement and the desire to be close to family. Besides that, many seniors just want a smaller home that is cheaper and more energy-efficient.

The majority of purchased houses are previously owned homes.

(National Association of Realtors)

It’s hardly surprising to hear that 86% of buyers go for previously owned homes instead of new ones. Home buyer statistics tell us that resale homes are usually cheaper and, though it’s not the standard, can also come fully furnished. Buyers under 28 are least likely to purchase a new home with 94% of them opting for a resale house.

82% of buyers opt for detached single-family homes.

(National Association of Realtors)

It doesn’t matter which age group you ask, they all prefer to buy detached single-family homes above everything else. The greatest enthusiasm is found among young middle-aged people (39-53) where 88% of them would go with this option. On the other hand, those over 73 are the least likely to choose this type of dwelling with 66% of votes. Undoubtedly, the least popular choice among all groups is the purchase of an apartment in a building with five or more units. People don’t seem to like living next to strangers.

The suburbs are the number one choice for 51% of home buyers.

(National Association of Realtors)

The perfect suburban life people see in the movies seems to be the main driving force for more than half of home buyers in the United States. Second place goes to small-town dwellings with 20%, followed by urban and rural areas with 14% and 13%, respectively. The least favorite option on the housing market in 2019 among all age groups was a resort area. This is probably because these resorts tend to have high costs of living and additional taxes, so it doesn’t pay off in the long term.

Only 2% of home buyers decided to buy the house they were renting.

(National Association of Realtors)

It seems that the whole “try before you buy” concept doesn’t really work with real estate. Despite the fact that 37% of people rented an apartment before finding their own place, almost all of them ended up buying a new home. It is interesting to note that both younger millennials and the Silent Generation have less than one percent of people who bought the homes they rented.

Older people are more likely to buy a new home that’s farther from their old residence.

(National Association of Realtors)

On average, home buyers who are over 64 tend to relocate up to 30 miles away from their old home. On the other hand, the younger population (buyers under 38) don’t tend to go past the 10-mile mark. We can try to explain this by the younger generation’s desire to stay close to the family home, their parents, and their familiar surroundings.

Neighborhood quality is the key factor for 58% of home buyers.

(National Association of Realtors)

While this is something people from every age group can agree on, it is not the case with the second most cited factor - job convenience. Namely, retired home buyers care little about their jobs - since they no longer work. That is why only three percent of people over 73 take that into consideration. On the other hand, real estate statistics show that 71% of millennials under 28 consider it a major factor.

93% of people visit websites when searching for homes.

(National Association of Realtors)

Visiting a website and looking for the most lucrative offers available seems to be the best option for nearly all age groups. The older millennials (29-38) seem to be leading the pack again with a staggering 98% of internet-relying home buyers. Real estate industry statistics confirm predictions that the members of the so-called Silent Generation push in a different direction. While 72% of them turn to website searches, about 86% of old-timers prefer to consult with a real estate agent. Nearly half of all buyers (46%) get informed through yard signs, and slightly more than that go to open house events.

74% of younger millennials prefer new homes because they don’t have to renovate or think about bad plumbing.

(National Association of Realtors)

However, since this is the age group that is also the least-likely to have any savings, they are more than willing to go with the cheaper options as well. Realtor sales statistics show that slightly over half of them (52%) buy previously owned homes because they offer a better price. The median price that people under 28 are willing to pay is $177,000, which is by far the lowest amount in any age group.

For 40% of millennial home buyers, reducing commuting costs is one of the most important factors.

(National Association of Realtors)

Gen Xers would also like to reduce heating/cooling costs, and find a home with properly installed windows and doors. Despite their other environmental concerns, real estate trends show that all age groups seem to care little about solar panels. Only three percent of buyers in total consider it a major factor.

On average, home buyers spend 10 weeks searching for a new home.

(National Association of Realtors)

They spend about three weeks searching for a home on their own before contacting a professional real estate agent to help them out. Throughout the process, buyers typically visit an average of 10 homes. If you’re in the market for a new house, this is what you have to deal with.

69% of home buyers are not interested in purchasing a home in foreclosure.

(National Association of Realtors)

When mortgage owners don’t pay their debts in time, the bank can, by law, repossess the house and put it on the real estate market. Even though this is a good way for buyers to get a home below its regular price, real estate market statistics say that more than two-thirds of potential buyers aren’t interested. Purchasing a foreclosure home often means inheriting its unpaid taxes, debts, or being forced to evict the family living in it.

Doing the paperwork is the number one problem for 20% of home buyers.

(National Association of Realtors)

Young people seem to be struggling the most with this type of bureaucracy but it gets easier with age. While 27% of millennials under 28 can’t deal with the paperwork, another 38% have trouble understanding the whole home-buying process and the necessary steps. Seniors are a lot more confident as 35% of Silent Generation buyers consider it a walk in the park.

 

Frequently Asked Questions
How many houses sold in 2019?

As of September 2019, the average number of houses sold by a real estate agent per year was 701,000. If we take a look at last year’s report, we’ll see that there are obviously some rising real estate market trends at work. For comparison, there were 842,000 homes sold in 2020.

How much does a real estate agent make a year?

Real estate agents earn commissions. Usually, they get about a 3% commission from every home they sell, and the current median income for realtors is $49,700. This is just an approximation, as experienced real estate agents can earn a lot more.

How much was the real estate industry worth in 2019?

According to MSCI’s real estate statistics for 2019/20, the entirety of the real estate industry is worth $9.6 trillion, with further growth predicted.

About author

Dragomir Simovic is a staff writer for SmallBizGenius, where he regularly contributes well-researched, engaging content about the latest trends in the finance industry. As a successful entrepreneur and freelancer himself, he knows the ins and outs of running a small business and is eager to share his insights. When he’s not analyzing the latest finance news or thinking up startup strategies, Dragomir likes to play the guitar, discover new indie games, and sample craft brews – responsibly, of course.

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During the COVID-19 pandemic, fathers who worked remotely were promoted three times more than women in the same position. (CNBC) The ongoing COVID-19 pandemic has affected all aspects of the business as we know it. Many had to adapt to the new reality and switch to their home offices instead. According to a CNBC report, 34% of men with children working from home received some kind of promotion during this period.  On the other hand, women’s jobs have been hit much harder by the pandemic. According to an analysis conducted by the National Women’s Law Center, of the 1.1 million workers ages 20 and over, who left the labor force between August and September of 2020, 865,000 were women. Racial and Cultural Diversity in the Workplace Statistics 46% of Hispanic and 39% of black women earn less than $15 an hour. (The Washington Post) In 2019, around 39 million people earned less than $15 per hour. These 39 million employees made about 28% of the workforce at the time, and the majority of the low-wage category consisted of Hispanic and black women. In fact, they were more than 2x as likely as white men to fall into this wage category.  Based on the Washington Post’s research on diversity in the workplace, statistics haven’t really changed since 2019. Roughly 46% of Hispanic women and 39% of Black women still make less than $15 an hour. On the other hand, only 18% of White and Asian men hover around this wage bracket. More than 90% of all Google employees are white or Asian men. (Statista) According to Statista, the distribution of Google employees in the US from 2014 to 2021 does not look very racially or gender-diverse. The data for 2021 shows that white men account for 50.4% of employees, with Asian men following with 42.3%. On the flip side, only 4.4% of the employees are black men and women. If you look at the timeline of these statistics on diversity in the workplace, you will see the Asian population is experiencing steady growth, while the white population dropped from 64.5% in 2014 to 50.4% in 2021.  In 2019, black people held only 3.2% of senior leadership roles in large organizations in the US. (Coqual) “Being Black in Corporate America” is the name of Coqual’s intersectional exploration aimed to show if and how things have changed for the black people in the US during the past few years. The research on the representation of black adults in the US has shown that only 3.2% of black people held senior leadership roles in major companies, with just 0.8% of them being Fortune 500 CEOs. Benefits of Diversity in the Workplace Statistics Diverse companies produce 19% more revenue than those with non-diverse leadership. (Forbes) A study by the Boston Consulting Group (BCG), published in 2018, has found that diverse leadership increases the bottom line for companies. According to the study, increasing the diversity of leadership teams can lead to improved financial performance and better innovation. The study included 1,700 companies of all sizes across eight different countries. These findings are important as they show that diversity isn’t just an inclusion metric but an integral part of any successful business. In 2019, gender-diverse companies were 25% more likely to outperform their competitors. (McKinsey) Various diversity in the workplace stats show just how important diversity is and how it can help boost the overall performance of businesses of all sizes. Based on the findings from McKinsey’s research in 2019, companies with gender diversity have 25% higher chances to achieve higher profits than those with less gender diversity on the executive boards. Ethnic diversity in leadership teams is another vital factor. According to the report, companies implementing ethnic and cultural diversity on the executive level have a 36% likelihood of outperforming the competition.  Diverse companies are 70% more likely to acquire new markets. (Harvard Business Review) (Josh Bersin) Establishing a diverse workplace is vital for all modern organizations, and there are many diversity in the workplace statistics that prove this. Diverse companies also have 2.3 times higher cash flow per employee. They are also far better at capturing new markets when compared to the companies that do not practice diversity hiring.  80% of US job candidates look for inclusion when choosing an employer. (Deloitte) Salary and working hours aren't the only deciding factor when it comes to choosing a new employer. Back in 2017, Deloitte published a research paper that surveyed more than 1,300 full-time employees from a range of organizations all across the US. The paper showed just how important diversity and inclusion initiatives are by showing that four-fifths of all employees look for an inclusive workplace. 39% of respondents confirmed they would quit their current job if they found a more inclusive working environment, while 23% indicated they already left a job for that very reason.
By Nikolina Cveticanin · October 04,2021
Women account for 50.8% of the US population, hold 57% of all undergraduate degrees, and approximately 60% of all master’s degrees. And even though they hold about 52% of all management-level jobs, American women cannot keep pace with men in terms of representation when it comes to top leadership roles.  As male vs. female CEO statistics show, it’s the profit and loss roles or P&L responsibilities such as leading a brand, unit, or division, that set executives on the track to becoming a CEO. On the other hand, women who advance into C-suites - the “chief” jobs in companies - typically take on the roles such as head of human resources, legal, or administration. Although all of these functions are extremely important, the line of work they focus on doesn’t involve profit-generating responsibilities, which rarely makes them a path to running a company. Why does the percentage of CEOs that are female remain low in all parts of the world? There isn’t a simple answer to this question. Several studies have shown that it’s the fusion of work-life constraints, early professional trade-offs, and firmly established attitudes towards women in power and the skills and traits that make a good leader that can explain why the careers of equally ambitious and capable men and women often take such different turns. Let’s take a look at some of the most interesting findings. Male vs Female CEO Statistics - Editor’s Choice Female CEOs are running 41 Fortune 500 companies. There are two Black women among the Fortune 500 CEOs. Women made up only 5% of the CEOs appointed in 2020 globally. At the CEO level, men outnumber women by approximately 17 to one.  59% of male employees aspire to become CEOs versus 40% of women. 77% of women say the biggest obstacle to gender equity at the workplace is the lack of information on how to advance. Between 2015 and 2020, the share of women in senior vice president roles in the US increased from 23% to 28%. (McKinsey & Company) Over the same period, the percentage of women in the C-suite went up from 17% to 21%. All women, especially those of color, remained significantly outnumbered in senior management positions. However, prior to the start of the coronavirus pandemic, the representation of female workers in corporate America was slowly trending in the right direction.  According to 2020 statistics on female CEOs in the United States, 21% of C-suite members were women.  (McKinsey & Company)  Based on the survey results published by McKinsey & Company, there’s a leaky pipeline for women in leadership. In 2020, female workers accounted for 47% of entry-level positions, 38% of management roles, and 33% senior management/director roles. Women were entrusted with under one third (29%) of all vice president positions in American organizations. For every 100 men who got promoted to a managerial role, only 85 women advanced to the same position, based on the 2020 data.  (McKinsey & Company) This gap was even larger for women of color as only 71 Latinas, and 58 Black women received a promotion. Consequently, women remained underrepresented at the managerial level holding just 38% of manager positions, while men accounted for 62%. Male vs female CEO statistics from 2020 indicate that 39% of senior-level women burned out compared to 29% of men. (McKinsey & Company) Furthermore, 36% of women felt pressured to work more, in comparison with 27% of men. At the same time, 54% of C-suite women reported that they constantly felt exhausted, and so did 41% of men in similar positions. More than 50% of women in senior leadership roles promote gender and racial equality at work, in comparison with approximately 40% of male top executives. (McKinsey & Company) Women in leadership positions are more likely than men in senior-level roles to take a public stand on racial and gender diversity and champion the advancement of employee-friendly programs and policies. Women CEOs are also more likely to sponsor and mentor other female workers. According to the results of a recent survey, 38% of women in senior-level positions currently mentor or sponsor at least one woman of color, compared to only 23% of men in the same roles.   Female CEOs are running 41 Fortune 500 companies. (Fortune, Statista) In 2021, the number of women appointed to CEO positions in America's 500 highest-grossing companies reached an all-time high. However, the new record still only translates to approximately 8% of female representation at the top of the country's largest public businesses.  On the plus side, the number of women CEOs of Fortune 500 companies almost doubled in comparison with 2018 when there were 24 females leading the nation’s biggest businesses. Calls for diversity and inclusion in the highest echelons of America’s business world are starting to bear fruit as the number of female Fortune 500 chief executive officers increased for the third consecutive year. The top five biggest female-led Fortune 500 businesses as of August 2021 are CVS Health (rank four), Walgreens Boots Alliance (rank 16), General Motors (rank 22), Anthem (rank 23), and Citigroup (rank 33).  Speaking of women in leadership roles, statistics show that there are two Black women among the Fortune 500 CEOs. (Fortune) For the first time, two Black women are running Fortune 500 businesses - Roz Brewer of Walgreens Boots Alliance (rank 16) and Thasunda Brown Duckett of TIAA (rank 79). Before Duckett and Brewer started their new jobs in 2021, only one Black woman - Ursula Burns, former Xerox chief - had ever been appointed CEO at a Fortune 500 business on a permanent basis. After Burnes stepped down from the role in 2017, and, with the exception of Bed Bath & Beyond's Mary Winston, who worked as interim chief for a few months in 2019, Black female chief executive officers have been missing from the Fortune 500 list ever since. Citigroup CEO Jane Fraser is the first woman to run a major Wall Street bank. (Fortune) Fraser’s appointment marked huge progress for the financial industry. Much like Dick's Sporting Goods chief Lauren Hobart, Clorox chief Linda Rendle, new Coty CEO Sue Nabi, Walgreens Boots Alliance’s Roz Brewer, Thasunda Brown Duckett of TIAA, and CVS’s CEO Karen Lynch, Fraser took over from a male CEO. Statistics on Fortune 500 CEOs by gender reveal that there were only 37 female and 463 male chiefs leading America’s highest earning businesses in 2000. (Fortune) The number of women in CEO positions in the Fortune 500 hasn’t been growing steadily throughout the last two decades. There were 24 female chiefs in 2015, 21 women CEOs in 2016, and 32 women running Fortune 500 businesses in 2017, while that number dropped to 24 in 2018.  At the median, 16 female CEOs earned $13.6 million in 2020, in comparison to $12.6 million for the 326 men included in a study. (Equilar) According to a study published in May 2021 comparing a male CEO salary vs. a female CEO salary, women have outpaced men in total pay but remained underrepresented in executive positions. Equilar’s study indicates that Lisa Su, the chief executive officer of Advanced Micro Devices, was the highest-paid woman for the second consecutive year and the highest-paid CEO overall in 2020.  Globally, women made up only 5% of the CEOs appointed in 2020. (Heidrick & Struggles) The highest percentage of newly-appointed female CEOs was in Ireland (15%), while the lowest was in Brazil (0%). This is according to a paper that analyzed the backgrounds of chief executives leading 965 of the largest companies in 20 markets around the world. It sought to identify the skills and experience that shaped their path to the top while taking different male vs. female CEO statistics into account.  At the CEO level, men outnumber women by approximately 17 to one.  (Morningstar) According to a study that explored the gender gap in US companies, the number of male executive officers is seven times higher than the number of women holding the same positions. More than 50% of the companies analyzed didn’t have a single female on their lists of executive officers. Jackie Cook, the author of the Morningstar report, found that online retail giant Amazon didn’t have any women among its highest-paid executives as of 2020.  Women who negotiate for raises and promotions are 30% more likely to be considered as "too aggressive" or "intimidating". (Business Insider) Speaking of male managers vs. female managers, statistics reveal that women who don’t negotiate at all are 67% less likely to receive the same negative feedback. The proportion of women in senior management roles increased from 20% in 2011 to 29% in 2020, globally. (Grant Thornton) As 2019 saw a jump of 5% compared to 2018 (amounting to a total of 29%), 2020 represents a leveling off of the progress made during the previous year. This lack of movement doesn’t necessarily reflect a failure of companies to address the existing gender gap. Globally, the proportion of companies with at least one woman in senior management was 87% in 2020.  (Grant Thornton) The number of female CEOs and senior managers has risen by almost 20 percentage points over the last few years. For comparison, this figure stood at 68% in 2015 and 68% in 2017.  77% of women say the biggest obstacle to gender equity in the workplace is the lack of information on how to advance. (Working Mother Research Institute) Only 41% of female survey participants, as opposed to 64% of male respondents, said they have a network of coaches, mentors, and sponsors offering them career guidance. 37% of women versus 64% of men said that their companies provide information on career paths that lead to executive roles. (Working Mother Research Institute) Additionally, women CEO statistics indicate that 74% of female employees understand what the specific requirements are for advancing to the highest-paying roles in their companies even though they don’t receive this type of information directly.  60% of women believe they have the same opportunities to advance as anyone else at their workplace versus 74% of men.  (Working Mother Research Institute) Similarly, 65% of women express they are satisfied with the way their careers are progressing, and so do 78% of men.  Male vs female CEO stats reveal that 59% of male employees aspire to become chief executives versus 40% of women.  (Working Mother Research Institute) Of those women who aspire to become CEOs, 6% are first-level managers (as opposed to 13% of men) and 39% are executives. The same goes for 40% of men hoping to take on the role of chief executive officer.  Businesses with high representations of women in leadership roles had a 35% higher return on equity and 34% higher total shareholder return in comparison with male-dominated companies.  (Catalyst) Female vs male CEO statistics compiled by an NGO during a review of 353 Fortune 500 companies show that the differences were most apparent in facial services, consumer discretionary, and consumer staples industries.
By Milica Milenkovic · September 24,2021

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