Diversity is not a differentiating factor anymore. It is the norm with schools setting targets on bridging the gender gap every year. Getting the right mix is not restricted to nationality, gender, or minority groups in each host country, but also includes candidates with different undergraduate degrees, pre-MBA experience, and post-MBA goals.
A recent study conducted by Peterson Institute for International Economics and EY evaluated 21,980 publically traded companies spread in 91 countries. The sectors were diversified to avoid any bias. Companies with minimum 30% women leaders in C-suite position increased their net profit margin by 6%. Business Schools have a bigger role in bringing women leaders to the mix as from the massive study only 4.5% companies had female CEOs.
1) Differing opinions in class
Most Business Schools agree that a healthy debate fuels quick learning and wider perspectives. Take the case study method for example. The primary learning comes from the differing opinions in the classroom. So having a variety of voices from different undergraduate streams, workplaces, and cultures adds new dimensions to what students learn.
2) Global Workplace
To be a successful manager in a globally competitive market, an MBA candidate must understand the dynamics of working with people from different ethnic, religious, cultural and socio-economic backgrounds. A diverse class enables students to develop skills like cross-cultural sensitivity and appreciation of different traditions. Managers need to understand these differences in order to influence the team and work towards a common goal.
3) Can’t Ignore the Market
China and India, just behind the US, constitute the three largest markets for MBA applications. On top of that, corporations in China have developed deep pockets for mergers and acquisitions. In 2016 alone, Chinese M&A activity focused on U.S companies was at $31.3 billion in May 2016, ten times the money spent for the same period in 2015. With this new reality, Business Schools need a steady supply of recruiters from China to sustain the imbalance of local demand and uncertainties in the job market.
The Asian candidates also hold strategic interest as many of the Alumni can turn into influencers and determine the recruiter visits and endowments in the near future.
We evaluated the Top 5 MBA programs in the US for diversity.
All the top five business schools promote international students.
Columbia leads the way with as much as 48% international students while Chicago Wharton has the lowest representation of international students with a respectable 32%. Wharton’s class of 2017 had as many as 71 nationalities, closely followed by HBS with 68. Clearly, Wharton is aiming for diversity within the international students represented in the MBA class.
For a complete analysis of diversity in Top MBA programs by Undergraduate Degree, Pre-MBA industry, and Gender, along with access to our premium content, Download F1GMAT's Comprehensive MBA Research Guide.
2018 MBA Research Guide - Choose your MBA
F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach.
Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?
We cover them all through our extensive analysis.
+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour
Comprehensive MBA Research Guide: Includes Top MBA Programs by 19 Specializations:
+ General Management
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
+ Hospitality Management
+ Leadership Development
+ Military &
+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee (2018)
Top 31 MBA Programs in United States – Total Cost & Salary (2017)
Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary
Top 20 European MBA Programs (Based on Actual Salary Increase)
Top 20 European MBA Programs (Short-term return on investment)
Top 20 Affordable European MBA Programs
Top 10 MBA in UK – Salary & Fee
Top MBA Destinations Based on Happiness Index
Top MBA Destinations based on Innovation Index
Top 10 MBA Job Markets based on Cost of living and Purchasing Power
Top MBA Destination: By Economy
+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA
MIT vs. Stanford MBA
Haas vs. Ross MBA
Kellogg vs Ross MBA
Booth vs Wharton MBA
MIT Sloan vs Tuck MBA
IMD vs. INSEAD MBA
IIMA vs. ISB
Harvard vs. Stanford MBA
+ MBA in France
Top Industries in France
Top MBA Programs in France