Asian American Career Ceilings: Are Asian Americans Paid Less in Business?

Peter Young

About the Webinar

The Committee of 100 Asian American Career Ceilings Initiative event, featuring a fireside chat on the topic “Are Asian Americans Paid Less in Business” was held on Tuesday, January 16, 2024.

The webinar featured findings from a recent study conducted by Professor Jackson Lu of the Sloan School at MIT as well as a discussion on closing the salary gap and developing mentorship with panelists Professor Lu; Kweilin Ellingrud, McKinsey Global Institute Director and Senior Partner in the Minneapolis office; and Jackie Wong, Associate Partner in McKinsey’s Philadelphia office. Kweilin and Jackie were two of the co-authors of a McKinsey report titled, “Asian American Workers: Diverse Outcomes and Hidden Challenges.” Peter Young, Chair of the Initiative and a Committee of 100 Member, was moderator.


Kweilin Ellingrud
Director, McKinsey Global Institute
Senior Partner, McKinsey & Company Minneapolis Office

Kweilin Ellingrud is a McKinsey Global Institute Director and Senior Partner at McKinsey & Company. She has led numerous research efforts including topics on Asian American Workers: Diverse outcomes and hidden challenges, the impact of automation and the future of work post COVID-19, gender and racial equality (Power of Parity), and the impact of COVID-19 on jobs. Kweilin also helps lead McKinsey’s global social responsibility investments in North America. In her client work, Kweilin leads global transformations across financial services clients.

Kweilin has an MBA from Harvard Business School and a B.A. in Economics and Political Science, magna cum laude, from Harvard University. She worked at the Center for Women & Enterprise, a nonprofit to help women entrepreneurs start and grow businesses. Kweilin grew up living in many countries – China, Japan, France, and Ecuador where she lived with local families and attended local schools to learn the language. At McKinsey, she has been part of the New York, Shanghai, and Minneapolis offices, and she currently lives in Minneapolis with her husband and three daughters: a 10 year old and 8 year old twins.


Jackson G. Lu
Sloan School Career Development Associate Professor in Work and Organization Studies
MIT Sloan School of Management

Jackson G. Lu is the Sloan School Career Development Associate Professor in Work and Organization Studies at the MIT Sloan School of Management. One of the youngest tenured professors at MIT, he has published in top general science journals (Nature Human Behaviour, Proceedings of the National Academy of Sciences), management journals (Journal of Applied Psychology, Organizational Behavior and Human Decision Processes, Organization Science), and psychology journals (Annual Review of Psychology, Journal of Personality and Social Psychology, Psychological Science). His research has been featured in over 300 media outlets (e.g., BBC, The Economist, The Financial Times, Harvard Business Review, NPR, The Boston Globe, The New York Times, The Washington Post).  

He has received many prestigious awards and honors, including World’s 40 Best Business School Professors Under 40, 30 Thinkers to Watch, NLS Rising Star Award from the Academy of Management, Rising Star Award from the Association for Psychological Science, SAGE Early Career Trajectory Award from the Society for Personality and Social Psychology, Early Career Award from the International Association for Conflict Management, New Investigator Award from the Behavioral Science & Policy Association, Louise Kidder Early Career Award from the Society for the Psychological Study of Social Issues, and the Best Senior Editor Award from Management and Organization Review. Jackson received his PhD from Columbia Business School. Jackson is also a Committee of 100 Next Generation Leader ’23.


Jackie Wong
Associate Partner and Senior Expert in Diversity, Equity & Inclusion
McKinsey & Company Philadelphia Office

Jackie Wong is an Associate Partner and Senior Expert in Diversity, Equity & Inclusion. He leads a variety of DEI research for McKinsey, including the annual Race in the Workplace study. His publications include Asian American workers: Diversity outcomes and hidden challenges, Race in the Workplace: The frontline experience, and Active allyship: Do your LGBTQ+ employees feel supported and included? He serves organizations across the private, public, and social sectors in DEI and culture transformation topics ranging from talent management to customer segmentation to business strategy. He also leads McKinsey’s LGBTQ+ talent attraction in North America.

Jackie holds an MBA from The Wharton School at the University of Pennsylvania, a Master of Architecture from the University of Pennsylvania School of Design, and a B.A. in economics and urban studies from Stanford University. Prior to McKinsey, he was a senior design architect at Skidmore, Owings & Merrill in New York City and served as visiting faculty at the University of Pennsylvania. He is a Board member of Reaching Out MBA, a non-profit organization that convenes the largest network of LGBTQ+ MBA students and alumni.


Peter Young
CEO and President
Young & Partners

Peter Young is CEO and President of Young & Partners, a boutique corporate strategy and investment banking firm focused on the life science and chemical industries. He manages the firm and is actively involved in client projects, transactions, and financings. Under his leadership, Young & Partners has established and maintained its position as a highly regarded firm serving the corporate strategy, M&A, restructuring, and financing needs of clients worldwide. He was previously head of industry groups at Salomon Brothers, Schroders, and Lehman Brothers, a senior private equity executive with J.H. Whitney & Co., and a senior member of Bain & Co., a corporate strategy firm.   

Mr. Young received a BA in Economics from Yale, an MS in Accounting from NYU, and an MBA from Harvard Business School where he graduated as a Baker Scholar. He is a CPA and a Chartered Global Management Accountant. He serves on several boards of directors, both corporate and non-profit; and is a board member of Société de Chimie Industrielle, a leading life science and chemical industry non-profit organization; and on the Editorial Advisory Board of Pharmaceutical Executive. He is also the New York Regional Chair for Committee of 100. 


Tuesday, January 16, 2024 @ 8:00 pm – 9:00 pm Eastern Time

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