Allan is originally from suburban New York.
In 1979, Allan received a bachelor's degree from Dartmouth College in biology and environmental studies, and an MBA in 1984 from the Tuck School of Business at Dartmouth, where she also serves on the board of overseers. Allan received honorary doctorates from Ryerson University, Saint Mary's University and Royal Roads University.
Allan's career at General Electric began in 1984 and she has worked in the US and Canada in several industrial and consumer GE businesses including aviation, energy, and lighting. She retired from GE Canada at the end of June 2018, ending a 14-year career as the head of its Canadian division.

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