More Women Getting MBAs But….

PhD and Finance Programs = Greatest Number of Applications by Women (on average)

The average number of submitted applications reported by female prospective students to any graduate management education program type was highest among those applying to PhD/DBA programs (3.3) and MA/MS in Finance programs (3.1) in calendar year 2010. These average counts for applications submitted was slightly higher than Two-Year Full-time MMBA programs (2.5) and MA/MS in Accounting programs (2.0), and much higher than other program types, such as One-Year Full-time MBA programs (1.8), Executive MBA programs (1.5), and Part-time MBA programs (1.4).

Source: GMAC mba.com Perspective Students Survey Report, 2011

Women in Business: Jobs

Employment Report

In a survey conducted in September 2010, the vast majority (90%) of female alumni from the classes of 2000 to 2010 said they were employed; of whom 84% worked for an employer. Six percent of women indicated they were small business owners or self-employed. [In comparison, 87% of men were working for an employer, 8% were small business owners or self-employed and 6% was not working].

Source: GMAC Alumni Perspectives Survey, 2010

Women With the Job They Want

Overall, 84% of the women in the class of 2010 were employed at the time of graduation, and 93% of them said they got the type of job they wanted.

Source: GMAC Alumni Perspectives Survey, 2010

Women in the Class of 2010 had slightly different experiences in the job search compared with men.

Although females in the class of 2010 typically sent more applications and received fewer job offers compared with male peers, a greater percentage of women (59.3%) indicated they definitely made the right decision in the choice of their first job post-graduation compared with men (58.4%). In addition, a slightly higher percentage of women said the job they acquired was very much like the job they desired (56.5%) compared with men (56.2%).

Women in the Class of 2010 and Job Search Outcomes:

  • • 25 median number of resumes/applications submitted (vs. 20 for men)
  • • 4 median number of interviews (vs. 5 for men)
  • • 1 job offer (vs. 2 for men)

Source: GMAC Alumni Perspectives Survey, 2010

Job Level

Among alumni currently employed (from the classes of 2000 to 2010), most women said they held mid-level positions.

Source: GMAC Alumni Perspectives Survey, 2010

Current Employment

Classes of 2000–2010 Women Men

Entry level 9.7% 7.5%

Mid-level 60.5% 54.1%

Senior level 23.5% 29.6%

Executive level 6.3% 8.9%

Source: GMAC Alumni Perspectives Survey, 2010

51% Increase in Salary for Women a Result of Their Graduate Business Education

Among those who had accepted or received a job offer at graduation, women reported similar increases in salary over their pre-degree salary on average 51%, compared with a 54% increase among men.

Source: GMAC Global Management Education Graduate Survey, 2010

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.