The phrase "industry median" refers to the middle value or measure within a specific sector or field. It represents the average or typical value that lies halfway between the highest and lowest values in that particular industry.
Companies in the top quartile for racial and ethnic diversity are 35 % more likely to have returns above national industry medians, SAP chief diversity and inclusion officer Anka Wittenburg wrote in a piece for Fortune, quoting a McKinsey study. (fortune.com)
With the help of Ernst & Young (EY), which provided industry median benchmarks, Inc. crunched the numbers on the founder - led, patent - hungry North American companies that have gone public in the past three years. (inc.com)
McKinsey also reports that companies in the top quartile for gender diversity are 15 % more likely to outperform against industry medians. (entrepreneur.com)