Friday, Sep 19, 2014

Only 8% of the Top 50 India CEOs are women: Analysis

Express News Service | Mumbai | Posted: June 13, 2014 7:10 pm

Qlik, user-driven Business Intelligence (BI) company, on Friday launched a new QlikView application that unveils the anatomy of a Chief Executive Officer (CEO) based in Asia Pacific including India. The typical CEO in India for example is male, around 56 years old, and with a degree from a local university – either the Indian Institute of Technology or the Indian Institute of Management.

Globally, women represent around 10% of all board-level positions worldwide even though they make up over 40% of the global work force. The QlikView application reveals a starker statistic: only 3.2% of the 250 CEOs across Asia Pacific measured are female. While India leads the pack with four female CEOs out of 50, the application shows a continuing lack of gender diversity in the boardroom. Change may be underway however, with India recently passing legislation that mandates that corporations’ boards of directors include at least one female member.

These are just some of the key insights that can be discovered on the new interactive application called Where Do APAC CEOs Come From built using the QlikView Business Discovery platform. Looking at the top 250 Asia Pacific-based companies listed in the 2013 Forbes Global 2000 ranking, the application pulled together information collected about the CEOs from these organizations. These include gender, age, universities, industries, and previous positions.

Phillip Beniac, Regional Vice President for Qlik Asia Pacific and Japan, said, “What this QlikView application provides is a fun way to gain insights into the ‘key ingredients’ that go into a making of a CEO in Asia Pacific including India. At the same time, it helps us drill deeper and ask important questions. For example, where are we in terms of gender diversity in the boardroom and where should one pursue an education to stand a fighting chance of becoming a CEO?”

Education and career experience of an Indian CEO

From Anshu Jain at Deutsche Bank to Rajeev Vasudeva at professional services firm Egon Zehnder, there are 13 Indians who are today CEOs of major global corporations. Many of these graduated from local universities in India. The QlikView application also found that majority of CEOs in India (more than 75%) graduated from a local university, mainly Indian Institute of Technology and Indian Institute of Management. This is consistent with the trend across the region – a typical CEO in Asia Pacific is also more likely to have graduated from a local university (61.5%) than from an overseas institution (38.5%). Majority of CEOs in India were Directors, Executive Directors, or Managing Directors in their previous jobs – only 8% were previously CEOs, and 50% are from the finance and manufacturing industries.

Other key findings

– 80% of CEOs in India have 5 years or less experience as CEOs
— Only 24% of CEOs in India have an MBA
— The most popular university subjects studied by CEOs in India are Business, Mechanical Engineering, and Finance

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