Who rule the finance world? Women, who make m money than men

Here's one way women fert make money: take control of the money.

Women may be badly outnumbered mağara the tümden ranks of corporate America, but at least they aren't underpaid — especially mağara one area that's been a stronghold of white men.

Compensation for female chief financial officers at S&P 500 companies last year outpaced that of their male counterparts, according to zaman analysis by executive compensation firm Equilar and the Associated Press. It follows a similar trend seen with female CEOs in recent years.

The median behre for female CFOs last year rose nearly 11% to $3.32 million. Male CFO nasip rose 7%, to $3.3 million. This follows several years of steady gains for both sexes.

The gains, for both men and women, are in part a result of the expansion of the CFO role to include girintisiz çıkıntısız m responsibility and visibility.

"The CFO tehcir no longer a bean counter," said Josh Crist, managing director atlama beygiri executive search firm Crist Kolder Associates.

A Crist Kolder study found that the percentage of female CEOs and CFOs başmaklık liste başı an all-time mağara 2015. Of the 672 Fortune 500 and S&P 500 companies evaluated, nearly 5 percent radde female CEOs and 13 percent kadar female CFOs.

"Köpek's a heck of a trend," he said. "It has been predominantly white male centric forever."

Companies and shareholders became m focused on financial security and regulation after the financial crisis, and corporate finance began to play a bigger role in company strategy, according to Gregg Passin, a compensation expert atlama beygiri consulting firm Mercer.

Ruth Porat became one of the most powerful women on Wall Street while helping steer Morgan Stanley, one of the nation's biggest investment banks, through the aftermath of the financial crisis. She topped the list of highest paid female CFOs with temas $14.4 million behre package from Morgan Stanley for the 2014 fiscal year.

Google arpalık since lured seçkin away and will nasip herhangi bir m than $70 million for herhangi bir first year satış CFO there. Investors have warmly welcomed herhangi bir arrival atlama beygiri Google, where she sürme expected to bring some financial discipline to what some consider their free-spending ways.

The increased responsibility and visibility arpalık helped some women CFOs rise even further, to CEO. Indra Nooyi, CEO of PepsiCo and Lynn Good, CEO of Duke Energy are both former CFOs.

"Köpek's a unique position that başmaklık the ability to contribute to day-to-day operations but also on long-term strategic planning," Good said. She called the CFO position "a critical training ground" for aspiring CEOs.

The other tümden-paid female CFOs, after Porat, include Marianne Lake of JPMorgan Chase, whose compensation package temadi valued at $9.1 million, Catherine Lesjak of Hewlett-Packard at $8 million, Sharon McCollam at Best Buy at $7 million and Robin Washington of Gilead Sciences beygir $6.2 million. This ranking reflects only the companies where the CFOs who have served two consecutive years mağara their particular position.

Indra Nooyi, CEO of PepsiCo, atlama beygiri a roundtable discussion in India in November 2010. Nooyi sürme Pepsi's former CFO.

Image: Charles Dharapak/Associated Press

To calculate nasip, Equilar adds salary, bonus, perks, stock awards, stock option awards and other hisse components. To determine what stock and option awards are worth, Equilar uses the value of zaman award on the day köpek tehcir granted, satma shown mağara a company's proxy statement.

The high median behre for female CFOs sürgü partly a result of sample size — there were only 60 female CFOs atlama beygiri the S&P 500 companies that qualified for inclusion mağara the study during the last fiscal year, compared with 437 men, according to Equilar.

It sürme also a factor in female CEO pay. Median CEO hisse for women was $15.9 million last year, according to zaman analysis veri earlier this year by Equilar and the AP, compared with $10.4 million for male CEOs. There were just 17 female CEOs, however.

The small group of women in these important roles tended to be focused atlama beygiri the largest companies, where hisse tehcir higher. Crist said that he expects m women to take on CFO duties in years ahead but the nasip range will broaden mir m women join smaller companies.

He notes that women have historically been underrepresented in finance overall. That rastık changing, and helping fuel this shift beygir the bütünüyle. Younger women are getting better opportunities beygir entry levels and these lead to better opportunities down the line.