
1) 14 of the 25 women featured are between 41-50
Says Swati Piramal,"Women typically peak after the age of 40 because they lose time in bringing up children."
Many of the high flying corporate women I spoke with last year for a Businessworld cover story on women managers echoed the same sentiment. While there were some who managed to have kids and get back to work with no interruption to their careers, others did take a break or slow down for a couple of years. But they had no regrets or sense of 'loss'.
Because whether you become a CEO at 37 or 43 does not really make a difference.
Although as per BT statistics, the 'average age' of its list is declining every year. In 2003-4 it was 48.88, in 2005-6 it stands at 42.67.
2) 11 of the 25 women on the BT list are from the banking industry
Yes, ICICI Bank contributes 4 out of the 25 (5 if you count ICICI Pru Life), but clearly women are making a mark in banking. There are a few other names which I think could have made the list but perhaps BT wanted to give representation to more industries.
Interestingly, Media, Entertainment and Advertising - which are perceived as being sectors where women dominate/ are very visible/ 'have lots of opportunity' - actually account for just 4 out of the 25.
And in all cases the women are owner-entrepreneurs - Radhika Roy (NDTV), Ekta Kapoor (Balaji), Preeti Vyas Giannetti (Vyas Giannetti Creative), Shobhana Bhartia (Hindustan Times).
Remember the furore remarks made by Neil French created last year?
3) 12 of the women on the BT list are MBAs.
Look more closely and 8 of the women in banking are MBAs while 2 are from Delhi School of Economics (Renu Karnad of HDFC and Manisha Girotra of UBS). Kalpana Morparia is the only non-MBA, non-eco grad (she holds a law degree and had joined the bank's legal dept back in 1975).
While these statistics do not mean that all women MBAs who enter finance will scale heights, they do point to an environment which is more enabling and offers more equality of opportunity than industries like consulting or marketing.
Is this becoming an influencing factor in the kind of career women graduating from b school are choosing? I'd certainly like to know from some of you!
If image is everything...

Here is a statistic which the magazine did not compile but which I did: 15 of the 25 women featured are wearing saris. That includes all the women in banking except for J P Morgan's Vedika Bhandarkar in salwar kameez.

The only two women who have chosen distinctly Western clothing are Pepsi's Punita Lal who appears in semi casual and Kiran Mazumdar Shaw who is photographed in a proper business suit in the 5 page spread devoted to her.
I have nothing against the sari - it is a very elegant dress. However, fewer and fewer women below 35 are opting to wear saris to work on a daily basis.
So I wonder if, say 5 years from now, 60% of the women on the BT list would be seen in saris. And if not, would they opt for salwar kameezes or Western style business suits? And if salwar kameez will it be the traditional style, dupatta et al or something more on Indo-Western lines??
Meanwhile brands like Allen Solly have launched women's Western wear formals and these are becoming popular with younger women.
But a well designed range of no-fuss salwar kameezes (less ornate and flowy) could give Western formals a run for its money. It's more comfortable - and suited to the average Indian woman's less-than-perfect body shape.
I know there are brands like W but we need more.
A couple of observations
If you are asked to pose for the cover of Business Today magazine, would you choose to wear the kind of clothes you regularly wear to work (printed or plain sari with border), or 'dress up' (sari with embroidery etc)?

However one could argue the flamboyance on display just shows that they are secure enough to show off their feminine side. But yeah, quite different from Naina Lal or the ICICI women who (after years of gracing these covers) make way for a new set of faces.
Speaking of which, there are apparently 8 new names on BT's list. Which is great but as a reader you can't help wondering how these additions and deletions are made...
I mean sure, it's a 'subjective' list ( based on 'informal polling of consultants, headhunters, analysts, know-it-all corporate types' - says the magazine). But a small 'kahan gaye woh log' section might be of help in putting the disappeared names into perspective.
For example, Hema Ravichander quit as HR head of Infosys to become an independent consultant. But what happened to some of the others? Did their companies go downhill, or did the editor just say, "Yaar wahi chehre dekh dekh kar bore ho gaye hain."
Either of which I guess is a valid enough reason...
With International Women's Day approaching, you will see and hear more of these women soon. But as Britannia CEO Vinita Bali said to BT, after visiting villages around Muzaffarnagar in UP where she saw as many girls enrolled in school as boys,"You can talk about women in powerful positons in business but the real changes are things like this, which didn't happen 50 years ago."
Very well said.
P.S. All pics used here for purpose of illustration only - they are copyright Business Today. I would gladly link to their website but it happens to be password protected.
Interesting post.
ReplyDeleteMy wife chose to give up work to bring up the children, but now she's itching to get back ! Will surely show her this post to give her confidence
The negative points about banks is that they are headquartered mostly in Mumbai. If they are so women-friendly, are the ladies in the other cities losing out options?
regards
Gautam
Gosh....u can only expect it from women.....focus on what one is wearing. I thought that atleast professional women would not be so vain but alas !!!
ReplyDeleteI think there are better things to write about these wonderful women than just their attire .
Any clue how many of these are women who have NOT "inherited" their position? That would reflect the real situation,me thinks.
ReplyDeletesari is one of the most cumbersome of attires that I have come across.But it's so suited for indian women.It somehow brings out the flavours in them whether they are accustomed to wearing it or not.
ReplyDeleteThat said, I still walk like a duck in one.
Your observation on the saree trend was very interesting, to say the least.
ReplyDeleteRashmi .. I would want to see entrepreneurs like you there someday. Hopefully size/revenues of the company won't be the main criteria but Innovation/Impact etc. as well and am sure your JAM and Youthcurry etc,. are something out of the ordinary. What do other say ?
ReplyDeleteCheers
Atul
Full Disclosure:
Being an IIM-A junior might be biased so many might take it with a pinch of salt
Gosh....u get heads really worked up... jus look at Mr Gautam Ghosh.. I am a regular visitor to your blog as well as JAM mag site... though i have never ever seen a JAM magazine... Would love to read it regularly.. Being in kharagpur, I am a second year B Tech student in IIT, kharagpur.... a far flung place... I have never had the chance to even sight one. But yes ur mag website and YOUTHCURRY makes up for much of my disappointment.. YOUTHCURRY rocks.... even i endorse Atul's views.. or am i too biased as well??? Whatever be the fact, i started my blog on seeing yours and i do idolise u in ways more than one... Aspiring to be a part of IIM - A , start something creative and useful jus like ya... n many more. This is the first time I am commenting though i visit ya blog on a daily basis... Sorry if i have spoken something wrong... Keep up the tempo going and ........
ReplyDeletehi,
ReplyDeletei cant understand why woudl you or BT or other people in media always make a big deal out of WOMEN in business.. why cant these women be treated as PEOPLE in business.. the fact that they are women should be coincidental and not teh centerpoint of why they are sucessful.. teh day we accept neutrality in gender will be a red letter day for women in business or society.. stop making SPECIAL considerations for women in media and otherwise.. thats teh very basis of equality.
Regrds,
Sujay
btw... your coverage of what they were wearing was so out of place and out of context... why is that relevant or important?
Men like Sujay and Koll-something don't get it, do they? It's ok to be talking about what these women are wearing - it's just one more facet to their personality, making them that much more interesting. I mean, would you really want to comment on the colour of the business suit Narayan Murthy wears? I mean, is it dark blue or charcoal grey or is it grey-blue? The fact that women give themselves so many more options even in a simple thing like what to wear to work, is what makes them unique. It definitely warrants comment. Stop being such stuffed shirts, guys.
ReplyDeleteIn this modern world the art of Management has become a part and parcel of everyday life, be it at home, in the office or factory and in Government. In all organizations, where a group of human beings assemble for a common purpose irrespective of caste, creed, and religion, management principles come into play through the management of resources, finance and planning, priorities, policies and practice. Management is a systematic way of carrying out activities in any field of human effort.
ReplyDeleteIts task is to make people capable of joint performance, to make their weaknesses irrelevant, says the Management Guru Peter Drucker. It creates harmony in working together - equilibrium in thoughts and actions, goals and achievements, plans and performance, products and markets. It resolves situations of scarcity, be they in the physical, technical or human fields, through maximum utilization with the minimum available processes to achieve the goal. Lack of management causes disorder, confusion, wastage, delay, destruction and even depression. Managing men, money and materials in the best possible way, according to circumstances and environment, is the most important and essential factor for a successful management.
Management guidelines from the Bhagavad Gita
There is an important distinction between effectiveness and efficiency in managing.
Effectiveness is doing the right things.
Efficiency is doing things right.
The general principles of effective management can be applied in every field, the differences being more in application than in principle. The Manager's functions can be summed up as:
Forming a vision
Planning the strategy to realize the vision.
Cultivating the art of leadership.
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Thus, management is a process of aligning people and getting them committed to work for a common goal to the maximum social benefit - in search of excellence.
The critical question in all managers' minds is how to be effective in their job. The answer to this fundamental question is found in the Bhagavad Gita, which repeatedly proclaims that "you must try to manage yourself." The reason is that unless a manager reaches a level of excellence and effectiveness, he or she will be merely a face in the crowd.
Thus, management is a process of aligning people and getting them committed to work for a common goal to the maximum social benefit - in search of excellence. Major functions of a manager are planning, organizing, leading and coordinating activities -- they put different emphasis and suggest different natures of activities in the following four major functions..
ReplyDeleteThe critical question in all managers' minds is how to be effective in their job. The answer to this fundamental question is found in the Bhagavad Gita, which repeatedly proclaims that "you must try to manage yourself." The reason is that unless a manager reaches a level of excellence and effectiveness, he or she will be merely a face in the crowd.
Jus visited your blog.
ReplyDeleteI didn't start reading your blog wil start.Before that I have a suggestion.If you really intend to benefit from google ads you can give it as a more visible banner right ?. Moreover the current place where you have placed the ad it is not correctly fitted as u can observe.Pls do relevent modification :)
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These are my personal opinions.
I will be back :)
I understand that youth Curry's Management is a systematic way of carrying out activities in any field of human effort in communication and interaction and proud to say that this is the best. Management need to focus more on leadership skills, e.g., establishing vision and goals, communicating the vision...
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