Pathways to Top Corporate Management

Abstract

With college attendance approaching universality among senior managers in large American corporations, the issue of the impact of distinctions within the system of higher education in providing access to these positions has become increasingly salient. This study, based on data on the education, social backgrounds, and careers of 2,729 senior managers associated with 208 major corporations, analyzes the relationship between stratification within higher education (as measured by institutional status and level of credential) and stratification within the ranks of top corporate management. Findings reveal that: (1) Corporate ascent is facilitated by the possession of a bachelor's degree from a top-ranked college, a master's degree in business administration from a prominent program, or a degree in law from a leading institution. (2) Controlling for educational credentials, an upper-class background increases the likelihood of rising to the top ranks of corporate management. (3) The impact of a law degree and an upper-class origin are most pronounced for successful movement beyond the firm into formal and informal inter-corporate networks.