New York, N.Y., and Mountain View, Calif. Citi and LinkedIn today released results from their fourth Today's Professional Woman Report, a national survey exploring women's career and financial concerns inspired by the conversations on Connect: Professional Women's Network. Connect, which is powered by CitiSM, is the fast-growing LinkedIn group with more than 300,000 professional women members.
Results of the study revealed that most professional women expect to reach their career peak at age 53, while men expect to reach the top slightly later at age 55. The age at which professionals project to reach the height of their career success varies significantly by generation, however – with their expected peak increasing as they age. Millennials expect to hit their career peak at 43, for example – while Baby Boomers expect to hit the top at 62. At the same time, most professionals surveyed believe the happiest point in their careers was several years in the past. Those who are under 35 are most likely to say that their happiest age was 28, while professionals of ages 45-54 are most likely to say that their happiest age was 42.
"The survey illustrates that career satisfaction and success are not just end goals – they're both moving targets," said Linda Descano, CFA®, Head of Content and Social, North America Marketing at Citi, and President and CEO of Women & Co., Citi's personal finance resource for women. "While the age at which professionals believe they will peak varies by generation, most expect the high point of their career to occur within the next several years. Yet at the same time, they believe that the happiest moment of their careers occurred several years in the past, suggesting that peak satisfaction does not necessarily mean the height of career success."
The survey also found that men are more likely than women to equate career satisfaction with a "good salary" (58 percent vs. 52 percent), while women rated salary, "doing what I love," and "being challenged" as equally important to their satisfaction. Further, women are more likely than men to equate career satisfaction with "making an impact on the world" (32 percent vs. 27 percent) and "helping people" (32 percent vs. 28 percent).
On defining progress and achieving goals:
On top sources of career and financial concerns:
"It's interesting to see that despite all the talk about "having it all," the study shows that the number of women who actually equate it with success is declining," said Jacky Carter, LinkedIn Community Manager for Connect: Professional Women's Network. "As we've seen from discussions in the Connect group, there's no standard definition of success, and career progress can be defined in a variety of ways -- from following your passions to earning a promotion."
For more detailed results on the Today's Professional Woman Report, visit the Women & Co. blog. To become a member of the Connect: Professional Women's Network, visit www.linkedin.com/womenconnect and join for free.
The 2014 Today's Professional Woman Report survey was conducted by LinkedIn in March 2014 among a nationally representative sample of 1,070 Professional Women and Male LinkedIn members.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Connect: Professional Women's Network, a LinkedIn group powered by Citi, is an online community of over 300,000 members where women come together for resources, support and discussion related to their careers. To join the community for free, visit www.linkedin.com/womenconnect.
Founded in 2003, LinkedIn connects the world's professionals to make them more productive and successful. With 225 million members worldwide, including executives from every Fortune 500 company, LinkedIn is the world's largest professional network on the Internet. The company has a diversified business model with revenue coming from Talent Solutions, Marketing Solutions and Premium Subscriptions products. Headquartered in Silicon Valley, LinkedIn has offices across the globe.