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She's the Boss: Women in Business

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The editors at Best Healthcare MBA Degrees decided to research the topic of:

She's the Boss: Women in Business

Women are Breaking Records as GMAT participants and MBA Program Enrollees


- in 2012, 122,843 women took the GMAT exam
- in 2009, 39% of Exam takers were women
- in 2012, 43% of Exam takers were women
- female students top MBA programs
- 39% of Harvard Business School's class of 2013 is female
- 45% of Wharton School's incoming class (Class of 2017) is female
- 43% of 2012 applicants to all MBA programs were women
- up from 31% in 2011 applicants were up 12% from the previous year
- women earn 46% of all MBA degrees
- women earning MBA degrees increased 75% from 1997
- in 2011, Women received 46% of all MBA degrees
- 69% of female US alumnae of MBA programs aged 27 and younger, feel they have reached or are ahead of their career goals

Top 5 Fields Where Female MBA Graduates Want to Be


- 22% of women seek marketing and advertising jobs
- compared to 9% of men
- 10% of women seek careers in Consumer goods
- compare to 5% of men
- 10% of women seek positions in Government and Public Service
- compare to 5% of men
- 9% Entertainment, Media and Public relations
- 5% of men
- 8% Health Care
- 3% of men
- (Tied) 8% Retail, fashion and apparel
- 3% of men

Top 5 Fields Male MBA Graduates Want to Be


- 29% of male grads seek Management consulting positions
- compare to 20% of women
- 13% of men pursue careers in Financial services
- compare to 11% of women
- 12% of men Energy and Power
- women: 5%
- 9% of men entery IT consulting
- compare to 3% of women
- 9% of men enter Private Equity
- compare to 3% of women

All that she wants


- M.B.A. women most valued
- employers that had a good reputation, high ethical standards and a high level of social responsibility.
- a creative and dynamic work environment in which they were intellectually challenged
- women are more likely to compromise on pay to enter fields that are stimulating, personally rewarding and in line with their values.
- M.B.A. men report being most interested in companies with
- inspiring top management, a good reputation and innovative products and services.
- leadership opportunities, a competitive salary, the possibility for rapid promotion and performance-related bonuses

She Works Hard for Her Money


- 2013: female graduates now earning 93 cents for every dollar paid their male classmates
- 2009: Post-M.B.A., men's average salary $82,300 and women's is $42,500, a difference of 48%.
- 2012 Post MBa starting Salaries - male vs female
- Harvard Business School: female: $115,651
- 89.5% of their male counterparts
- Yale School of Management: female $98,240, male $111,635
- 94.8% of their male counterparts
- University of Texas at Austin McCombs School of Business:male $103,621 versus female: $105,590 *first time the pay gap was reversed*
- 101.9% of their male counterparts
- Although there are still discrepancies,
- Business school women of the Class of 2011 reported sizable increases over their pre-degree salaries of 45%, outpacing the average increase of 39% for men
- Overall, 84% of the women in the Class of 2011 were employed at the time of graduation, and nine out of 10 said they got the type of job they wanted.

It doesn't have to be that way


- Female Entrepreneurs break the glass ceiling
- female entrepreneurs in UK out-earn their male counterparts by 17%
- women running their own businesses paid themselves 16.8 % more than men.
- Other countries have more women with MBAs and have less of a pay gap
- In the UK, Women aged 22-29 are actually making more than their male counterparts in all fields
- But the pay gap is replaced by the time women hit their 40s - as women are delaying motherhood for their careers
- 2011 GMAT

Heading to the Top or to the Nursery?


- On the upside, women M.B.A.s do use their degrees to aid upward mobility.
- women are much more likely to hold manager roles after earning a business degree.
- While most female M.B.A. grads are using their degrees to achieve business success, a large portion opt out of the workforce, often to raise children or participate in volunteer work.
- women begin to drop out around 3-5 years after earning the degree, and more continue leaving over time.
- 28% of women with children had left the workforce 15 years after receiving an M.B.A.--a dramatic difference from the 6% of female MDs with children who had dropped out.
- Equal pay figures show that women are paid virtually the same as men in all industries until the age of 30, which is also the average age at which a woman has a baby.

Leading Ladies


- 20 female CEOs running America's largest companies.
- Although its only 4%, that is actually a record.
- More than half - 11 - landed the top job between 2011 and 2012.
- 2013 FORBES Power Women list
- Yahoo! - Marissa Mayer
- HP - Meg Whitman,
- Avon - Sheri McCoy
- Time Inc. - Laura Lang
- IBM - Ginni Rometty (first female to lead the company in the company's 100 year history)
- Sam's Club - Rosalind Brewer (also the first African-American)

Sources


- http://www.mba.com/~/media/Images/mba/NEWWhyBSchool/iwm_infographic_v2.jpg
- http://businessmajors.about.com/od/mbaprograms/a/WomenMBA.htm
- http://www.usnews.com/education/blogs/MBA-admissions-strictly-business/2011/08/19/more-women-head-to-school-for-mbas
- http://www.forbes.com/2010/06/21/graduate-education-business-school-high-paying-jobs-forbes-woman-leadership-mba_3.html
- http://www.forbes.com/sites/carolinehoward/2012/08/22/introducing-the-new-class-of-female-ceos/
- http://www.businessweek.com/articles/2013-01-07/mba-gender-pay-gap-an-industry-breakdown
- http://www.deccanherald.com/content/308208/women-tycoons-earn-more-male.html
- http://www.dailymail.co.uk/news/article-2237196/Women-win-gender-pay-war-20s-earning-men-age.html
- http://poetsandquants.com/2012/12/11/mba-gender-wage-gap-is-growing/
- http://www.usnews.com/education/blogs/MBA-admissions-strictly-business/2011/09/16/gmac-reports-2011-mba-application-trends
- http://www.gmac.com/~/media/Files/gmac/Research/admissions-and-application-trends/2012-application-trends-survey-report.pdf
- http://poetsandquants.com/2012/03/01/female-grads-report-45-rise-in-salary/


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