Changes between men and women
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The gender gap among MBA graduates has been halved in the last four years, but men still receive 20% more frequently.
A current study of 3,133 current students and those who came from 57 of the top programs in business schools also found that women are less likely to be promoted and have fewer reports.
Following their MBA, men receive approximately $ 177,112, compared to $ 147,412 for women, according to a survey conducted in 2020 by the Forté Foundation, a business and university alliance designed to address gender inequality.
Although gender differences were 39% lower in the Forté survey in 2016, the 2020 differences ranged from 9% of those surveyed two or less years after graduation to 35% of those who completed their MBA nine years or more there.
When asked about their good work five years from now, more women than male MBA students – 63% versus 54% – were looking for “supervisory teams”, such as general manager, director, and VP.
However, more men than women seek board positions, such as president or senior, with 22% saying they want these positions, compared to 12% for women.
Elissa Sangster, executive director of the Forté Foundation, said: “Men may not be more willing to jump out of their first job than women because they are already in a paid job.” “This could also be the reason why more men want C-suite roles than women.”
The study also looked at how inclusive schools feel for those who study there. More than one in five alumni students – as well as half of the few women surveyed – say their diversity, fairness and inclusion have not met their expectations.
Men were more capable than women to be confident in diversity and to be involved in the process of receiving their MBA program.
“MBA programs should play a key role in building inclusive leadership and planning to lead the diverse field,” Sangster said. “This discrepancy between expectations and student experiences shows that MBA programs still have some work to do and highlight areas that need to be addressed now, in addition to the lessons and activities we have learned.”
The study continues the Forté 2019 study, which explored how an MBA can help women and minorities increase their access to and improve employment equity.