STEM and Gender
Feb 17, 2021
Responsible organizations prioritize and practice diversity and gender inclusion. STEM organizations are particularly challenged with this responsibility because there are simply not enough women graduating with STEM degrees. Consider this:
Women represent only 38% of postsecondary students enrolled in STEM fields
Engineering and engineering technology: 20.2%
Mathematics and computer and information sciences: 28.0%
Science and science technology: 56.9%
In 2019, women accounted for less than a quarter (23.6%) of working professionals in natural and applied sciences and related occupations.
In 2017, women earned just over one-third (35.8%) of all STEM related degrees in Canada.
Among STEM graduates in 2016, men were more likely (41. 5%) to work in STEM jobs than women (22.5%).
The reason women are less likely to pursue postsecondary STEM degrees is the subject of a larger, more complex discussion. The issue here remains: for STEM organizations to achieve gender inclusion objectives, a talent pool with minimal female representation creates challenges.
Action that Helps - Employer Sponsored Student Loan Repayment Assistance
STEM organizations seeking gender diversity can position themselves as employers of choice within a limited talent pool of qualified female STEM graduates. Offering a student loan benefit is one way for organizations to stand out. And the reasons are simple:
Woman account for approximately 60% of all student loan borrowers
Women owe an average of 8.2% more in student debt than men
Women take on average two years longer to pay back loans than men
In short, student debt is a worry for all genders but a greater worry for women. Organizations offering benefits that address the largest financial concern of new female STEM graduates may very well get your company on the shortlist of employer choices.
To learn more about the employer sponsored student loan repayment assistance benefit, please contact email@example.com