Georgetown McDonough | Mr. Navy Vet
GRE 310, GPA 2.6
Stanford GSB | Mr. Pizza For Breakfast
GMAT 730, GPA 3.6
INSEAD | Mr. Behavioral Changes
GRE 336, GPA 5.8/10
Chicago Booth | Ms. IB Hopeful
GMAT 710, GPA 2.77
London Business School | Mr. Indian Banking Leader
GMAT 750, GPA 3.32
Columbia | Mr. Infra-Finance
GMAT 710, GPA 3.68
Kenan-Flagler | Mr. Top Performer
GMAT 730, GPA 3.3
Harvard | Ms. Comeback Kid
GMAT 780, GPA 2.6
Darden | Mr. Military Communications Officer
GRE Not taken yet, GPA 3.4
Kellogg | Ms. Retail To Technology
GMAT 670, GPA 3.8
Ross | Mr. Top 25 Hopeful
GMAT 680, GPA 3.3
UCLA Anderson | Ms. Qualcomm Quality
GMAT 660, GPA 3.4
Chicago Booth | Ms. Hotel Real Estate
GMAT 730, GPA 3.75
Chicago Booth | Mr. EduTech
GRE 337, GPA 3.9
Yale | Mr. Gay Social Scientist
GMAT 740, GPA 2.75 undergrad, 3.8 in MS
MIT Sloan | Mrs. Company Leader
GMAT 760, GPA 2.92
Wharton | Mr. Cross-Border
GMAT 780, GPA 3.7
UCLA Anderson | Mr. Career Change
GMAT Have yet to take. Consistent 705 on practice tests., GPA 3.5
HEC Paris | Mr. Introverted Dancer
GMAT 720, GPA 4.0
Kellogg | Mr. Safety Guy
GMAT 720, GPA 3.3
Kellogg | Mr. Danish Raised, US Based
GMAT 710, GPA 10.6 out of 12
Harvard | Mr. Aspiring FinTech Entrepreneur
GMAT 750, GPA 3.9
Stanford GSB | Mr. Fill In The Gaps
GRE 330, GPA 3.21
McCombs School of Business | Mr. Texas Recruiter
GMAT 770, GPA 3.04
USC Marshall | Mr. Strategy Consultant
GMAT 730, GPA 4.0
Berkeley Haas | Mr. Entertainment Agency
GMAT 750, GPA 3.8
Chicago Booth | Mr. Quant
GMAT 750, GPA 3.7

Female Grads Report 45% Rise In Salary

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, according to the Graduate Management Admission Council. 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.

Of course, one reason why women outpaces men in terms of their immediate post-MBA salary boost was because they entered graduate school with lower salaries than the men. So the percentage increase looks much better. All that said,

GMAC also reported that 90% of women feel their advanced business degree–be it an MBA or a one-year master’s–is an “outstanding, excellent or good value”–on par with 93% of men. In the U.S., in fact, 94% of women who recently earned an MBA or other business master’s degree said their education was an outstanding, excellent or good value, versus 91% of the men.

GMAC also found that the number one reason women attend a full-time MBA program is to change job functions. Some 39% of women in the study cited this as the reason (see table left). The second top reason was to change industries, cited by 29%, while the third reason to pursue an MBA was to work outside their country of citizenship (25%), which reflects the largest number of GMAT test takers outside the U.S.

GMAC, which administers the GMAT exam, a record number of women took the GMAT test: 106,800, up from 105,900 a year earlier. It was the third year in a row that more than 100,000 exams were taken by women. All told, women represented 41% of the 258,192 GMAT exams taken last year by prospective business school students.

Chinese women are making up a surprisingly high number of prospective business school students and now account for 64% of all GMAT test takers in China last year (see table below). In 2011, women in China took 25,671 exams, second only to the women in the U.S. who sat for 45,735 exams, 39% of the total exams taken in the U.S. “The number of Chinese women taking the test is growing exponentially,” said Michelle Sparkman-Renz, director of research communications for GMAC.

What’s more, many of the Asian women taking the test are significantly younger with less work experience. “Of the 107,000 exams taken by women, more than 50% were younger than the age of 25,” added Sparkman-Renz.

“Decades ago the GMAT was used as a filter for U.S. business schools to identify prospective MBA students around the world. Today it’s used for an entire portfolio of master’s degrees in accounting, finance, marketing and public administration.”

Prospective female students reported spending less time in each of the main decision-making stages on route to B-school than their male counterparts last year. On average, women took 31.9 months from completion of their undergraduate degree to first consideration of graduate management education, compared with 36.4 months for men.

“Women not only enter the pipeline at an earlier age,” said Sparkman-Renz. “They move through it at a faster pace. Men will spend five years from first consideration to application. Women are moving in just over four years (4.4 years). The pace is strikingly different.”

The data was released today (Feb. 29) during a media webinar sponsored by GMAC. The organization put out a vast number of statistics on women in business schools.

Among prospective students, GMAC added, a greater percentage of women than men said they intended to pursue graduate management education for professional credentials (58% women vs. 54% men), personal satisfaction and achievement (58% women vs. 51% men, and to increase job opportunities (73% women vs. 68% men).

 

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.