In March 1975, a study was begun to determine what the status of women in the management profession really is. Questionnaires were mailed to the 175 women members of the Academy of Management. Eighty-one (46 percent) useable questionnaires were returned. Conclusions were: (1) 25 percent of female Academy members are not receiving raises and promotion at the time they met criteria; (2) half the female Academy members may be considered a talent pool for administrative openings since they have strong self-concepts about their administrative ability and are interested in these positions; (3) a significant number of female Academy members are not job hunting; (4) some benefits have been received by female Academy members from the women's movement; (5) over a third of female Academy members may be considered a talent pool for industry; (6) female students of Academy members are still having problems getting jobs; (7) over half the sample is concentrated in the lower salary ranges, yet over half the sample is found in the higher age range; and (8) the above conclusions coupled with lack of free-and-open communication by administrators and perceived attitudes toward women by both chairmen and deans seem to indicate a lack of affirmative action. (Author/KE)