The three phrases:
- the chances of women reaching high-level positions
- women's chances of reaching high-level positions
- the chances of women to reach high-level positions
are all correct. The first two are equivalent, while the third has a similar but not exactly the same meaning. "Chances of reaching" (#2 and equivalently #1) describes a probability of a random event, or statistical frequency. "Chance to reach" (#3) describes an opportunity, or a path that may be pursued by choice. (More on this difference)
The difference between the first two sentences seems to be a matter of style or preferred emphasis. The third one may be more adequate semantically due to the beginning of the sentence - education does indeed create more opportunity, so it enhances women's chances to reach (...) (and statistically it increases the chances of them reaching (...) - it is a subtle difference).
The first suggested sentence seems incorrect in another aspect - using "consequently" as a conjunction. Compound sentences with "and consequently" are more common (see here and here for examples). Alternatively, "consequently" can be used as a conjunctive adverb starting a new sentence (like "alternatively" in this one) or preceded by a semicolon.
If any of the other sentences (which are incomplete) is different in that aspect, that might be a reason to prefer it over the first one.