Majority of Australian CEOs still predominantly male, but females earning more
Announcement posted by Qlik Australia 29 Oct 2014
New Qlik Sense app uncovers insights into the anatomy of today’s Australian CEO
New research from Qlik (NASDAQ: QLIK), the leader in data discovery, reveals that the gender gap that has long existed between females and males in the workplace is still very much present in today’s Australian business environment.
The findings, which were analysed using a new Qlik Sense app called ‘Where do CEOs Come From’, reveal that men still hold the top position of CEO at 95 per cent of Australia’s top 200 companies as listed on the Australian Securities Exchange (ASX).[1] The app aims to uncover the anatomy of CEOs of these companies.
Further, the results highlight that in addition to holding the majority of CEO positions in Australia’s top companies, men also reach the top of the corporate ladder at a younger age. The youngest male CEO is currently 37 years old, while the youngest female is 47. Interestingly however, females stay in their higher management positions for longer, with the average tenure being 6 years, compared to males, with only 5 years.
Overall, males still remain in the top spot later in their career with the oldest male being 72, whilst the oldest female is 58 years old. The average age of both male and female CEOs is 54.
Salary
A surprising result from the research was that females earn a higher annual salary receiving an average of AUD$4.1 million per year, compared to their male counterparts at AUD$2.5 million. It appears however, that this is likely due in part to the fact that female CEOs are better represented in the Banking and Finance industries, where companies have a higher market capitalisation. After all, CEOs in the banking sector outperformed their peers in terms of salary compared to other industries, earning an average of AUD$7 million per annum. The transport and manufacturing industries follow in second and third position, with an average of AUD$4.4 million and AUD$4.3 million annual salary, respectively.
Education
When it comes to education, most CEOs attended university (96 per cent), with more than half of CEOs attending an Australian university (52 per cent). The University of New South Wales produced the most number of CEOs based on those who attended local universities, with 11.9 per cent of graduates, closely followed by Monash University and The University of Queensland both accounting for 9.2 per cent each.
The most popular subject studied by the CEOs was business (31 per cent), while the most common degree achieved was a Bachelor’s (34 per cent). 17 per cent of CEOs holds an MBA.
Local versus International CEOs
Interestingly, more than half of Australia’s current CEOs were born overseas (53 per cent), with the highest proportion of CEOs originating from the United Kingdom. Further, while 80 per cent of CEO surveyed currently resides in Australia, the remaining 20 per cent have a global remit and are based overseas, most notably in the United States of America.
“This new app built on Qlik Sense helps to uncover the anatomy of the CEO in Australia, allowing us to find out what the ‘key ingredients’ are to become a ASX 200 CEO,” said Sharryn Millican, Vice President and Regional Director, ANZ at Qlik. “As a female executive myself, it’s surprising to see that little has changed when it comes to the lack of gender diversity in the boardroom and the fact that the average CEO is still likely male and his fifties. However, it also interesting to discover that you don’t necessarily need to attend the top universities around the world and only study Business or Commerce in order to become a CEO.”
Qlik Sense
The ‘Where do CEOs Come From’ app is built on Qlik Sense, a next-generation self-service data visualisation application that empowers everyone to easily create a range of flexible, interactive visualisations. Powered by the patented, industry-proven Qlik data indexing engine, Qlik Sense It delivers the ease-of-use business users require to create compelling visualisations, reports and dashboards with drag-n-drop ease, while ensuring centralized data security and governance. The app was made available in Australia last month. Additional information on Qlik Sense can be found here.
“It is no surprise that data has permeated the business world and decision-makers are fast recognising the importance of quick access to data in order to discover valuable insights,” said Dr. Gareth Goodier, Chief Executive of Melbourne Health. “The value of a self-service visualisation tool is that anyone in the organisation is able to quickly and easily analyse data to make decisions that will help drive success for the business and its customers. Qlik Sense is a very impressive visualisation tool that Qlik has added to its data discovery product portfolio. We’re pleased to be using Qlik’s solutions to achieve efficiency and improve patient outcomes at Melbourne Health.”
The ‘Where Do CEOs Come From’ is a fully interactive application that analyses the profiles of CEOs in the top 200 Australian companies listed on the ASX (as listed in September 2014). The data was derived from desktop research.
Explore the app to discover more insights into the anatomy of Australia’s Top CEOs.
About Qlik
Qlik (NASDAQ: QLIK) is a leader in data discovery delivering intuitive solutions for self-service data visualization and guided analytics. Approximately 33,000 customers rely on Qlik solutions to gain meaning out of information from varied sources, exploring the hidden relationships within data that lead to insights that ignite good ideas. Headquartered in Radnor, Pennsylvania, Qlik has offices around the world with more than 1700 partners covering more than 100 countries.
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© 2014 QlikTech International AB. All rights reserved. Qlik®, Qlik® Sense, QlikView®, QlikTech®, and the QlikTech logos are trademarks of QlikTech International AB which have been registered in multiple countries. Other marks and logos mentioned herein are trademarks or registered trademarks of their respective owners.
[1] Listed on the ASX as of September 2014.
The findings, which were analysed using a new Qlik Sense app called ‘Where do CEOs Come From’, reveal that men still hold the top position of CEO at 95 per cent of Australia’s top 200 companies as listed on the Australian Securities Exchange (ASX).[1] The app aims to uncover the anatomy of CEOs of these companies.
Further, the results highlight that in addition to holding the majority of CEO positions in Australia’s top companies, men also reach the top of the corporate ladder at a younger age. The youngest male CEO is currently 37 years old, while the youngest female is 47. Interestingly however, females stay in their higher management positions for longer, with the average tenure being 6 years, compared to males, with only 5 years.
Overall, males still remain in the top spot later in their career with the oldest male being 72, whilst the oldest female is 58 years old. The average age of both male and female CEOs is 54.
Salary
A surprising result from the research was that females earn a higher annual salary receiving an average of AUD$4.1 million per year, compared to their male counterparts at AUD$2.5 million. It appears however, that this is likely due in part to the fact that female CEOs are better represented in the Banking and Finance industries, where companies have a higher market capitalisation. After all, CEOs in the banking sector outperformed their peers in terms of salary compared to other industries, earning an average of AUD$7 million per annum. The transport and manufacturing industries follow in second and third position, with an average of AUD$4.4 million and AUD$4.3 million annual salary, respectively.
Education
When it comes to education, most CEOs attended university (96 per cent), with more than half of CEOs attending an Australian university (52 per cent). The University of New South Wales produced the most number of CEOs based on those who attended local universities, with 11.9 per cent of graduates, closely followed by Monash University and The University of Queensland both accounting for 9.2 per cent each.
The most popular subject studied by the CEOs was business (31 per cent), while the most common degree achieved was a Bachelor’s (34 per cent). 17 per cent of CEOs holds an MBA.
Local versus International CEOs
Interestingly, more than half of Australia’s current CEOs were born overseas (53 per cent), with the highest proportion of CEOs originating from the United Kingdom. Further, while 80 per cent of CEO surveyed currently resides in Australia, the remaining 20 per cent have a global remit and are based overseas, most notably in the United States of America.
“This new app built on Qlik Sense helps to uncover the anatomy of the CEO in Australia, allowing us to find out what the ‘key ingredients’ are to become a ASX 200 CEO,” said Sharryn Millican, Vice President and Regional Director, ANZ at Qlik. “As a female executive myself, it’s surprising to see that little has changed when it comes to the lack of gender diversity in the boardroom and the fact that the average CEO is still likely male and his fifties. However, it also interesting to discover that you don’t necessarily need to attend the top universities around the world and only study Business or Commerce in order to become a CEO.”
Qlik Sense
The ‘Where do CEOs Come From’ app is built on Qlik Sense, a next-generation self-service data visualisation application that empowers everyone to easily create a range of flexible, interactive visualisations. Powered by the patented, industry-proven Qlik data indexing engine, Qlik Sense It delivers the ease-of-use business users require to create compelling visualisations, reports and dashboards with drag-n-drop ease, while ensuring centralized data security and governance. The app was made available in Australia last month. Additional information on Qlik Sense can be found here.
“It is no surprise that data has permeated the business world and decision-makers are fast recognising the importance of quick access to data in order to discover valuable insights,” said Dr. Gareth Goodier, Chief Executive of Melbourne Health. “The value of a self-service visualisation tool is that anyone in the organisation is able to quickly and easily analyse data to make decisions that will help drive success for the business and its customers. Qlik Sense is a very impressive visualisation tool that Qlik has added to its data discovery product portfolio. We’re pleased to be using Qlik’s solutions to achieve efficiency and improve patient outcomes at Melbourne Health.”
The ‘Where Do CEOs Come From’ is a fully interactive application that analyses the profiles of CEOs in the top 200 Australian companies listed on the ASX (as listed in September 2014). The data was derived from desktop research.
Explore the app to discover more insights into the anatomy of Australia’s Top CEOs.
About Qlik
Qlik (NASDAQ: QLIK) is a leader in data discovery delivering intuitive solutions for self-service data visualization and guided analytics. Approximately 33,000 customers rely on Qlik solutions to gain meaning out of information from varied sources, exploring the hidden relationships within data that lead to insights that ignite good ideas. Headquartered in Radnor, Pennsylvania, Qlik has offices around the world with more than 1700 partners covering more than 100 countries.
###
© 2014 QlikTech International AB. All rights reserved. Qlik®, Qlik® Sense, QlikView®, QlikTech®, and the QlikTech logos are trademarks of QlikTech International AB which have been registered in multiple countries. Other marks and logos mentioned herein are trademarks or registered trademarks of their respective owners.
[1] Listed on the ASX as of September 2014.