A new study reveals that women tend to be more successful when they’re financially independent.
The study, conducted by the Center for Business and Gender at Boston University and released this week, shows that the more financially independent a woman is, the greater her chance of succeeding as a businesswoman.
The authors suggest that the financial independence may be related to a woman’s ability to “think strategically, negotiate, and create value for her clients.”
The study also found that women who have more independence in their lives also tend to succeed more professionally.
Women who live independently tend to make more money, have more experience, and have more financial independence in general.
“Our research suggests that financial independence is associated with more career advancement, more career success, and more career satisfaction,” the study said.
While the study focused on the financial aspects of female business success, it also found significant differences in women’s performance by occupation.
“Women who have greater financial independence have better results at a variety of jobs, such as sales, finance, and consulting, compared with those who are more financially dependent,” the researchers wrote.
The researchers concluded that a woman who has financial independence will also have better career outcomes.