2. Women start fewer tech companies than men. High income is often the result of corporate acquisitions. Women with a degree in technology start companies less often than men. For example, according to data collected by TEK (link in Finnish), in 2022 women made up 18 per cent of all entrepreneurs, full-time and part-time entrepreneurs included.
You may also reach the top of the ladder if you manage a large company. But women are underrepresented in this group as well; of the companies listed on Nasdaq Helsinki, only a few have female managers. It is interesting that education in technology seems to give men the skills they need to work as CEOs, but for women, this is not the case. Even the (few) women in the management teams of tech companies often work in supporting positions, in HR or communications, for example. No matter how much companies want to believe that qualifications are all that matter in career progression, the truth is that merit sticks to men.
3. Female-founded companies receive less funding. A woman pursuing a career in technology who decides to start a company is therefore quite a rarity. And when this woman wants to secure funding for her company, she faces yet another set of obstacles. In Europe, for instance, female-founded startups received just 1 per cent – that’s right, one per cent! – of overall venture capital in 2022. Capital investors have realized that a problem exists, but there is still plenty of work to do.
Given all this, it is no surprise that working as an employee or an entrepreneur in technology does not put women on the highest-earners list in the same way as men. Sometimes it feels like equality is still a long way off.