X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Perspective

Last week I reported that women are scarce in graduate real estate programs (less than 19%) when compared with general MBA programs (more than 33%), and I invited readers to comment on why so few women are pursuing real estate careers. I received more than 50 responses (95% from women) and the perspectives that were shared were, for the most part, consistent across the board. The overriding reason given for the scarcity is the demand to juggle career and family. As opposed to men, most women divide their time and this is a significant challenge and career compromise. There was also a general view that this “counts against them” in career progression and compensation. The second, third, fourth and fifth top reasons all revolved around a common theme: It’s a man’s world, still an old-boy’s network that self-selects in its favor. Words and phrases such as “gender discrimination” and “cutthroat” also appeared in a number of emails. Many respondents pointed to the low attendance in graduate real estate programs as evidence that young women steer clear of the industry because of its less-than-desirable reputation. Conversely, a number of women said that they love the business and have carved out a great career, despite the “issues.” This was a very interesting exercise that highlighted that we have not progressed as far as we should have by now, or as much as some may think we have.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities
SUNRISE SENIOR LIVING INC. Acquisitions Director(DALLAS) This executive will have complete bottom line “P&L” responsibility for the total development of assisted living facilities, and the education and supervision of real estate managers and project coordinators.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.