Understanding the priorities of female MBA applicants provides valuable insights into how business schools can better cater to their needs. The latest GMAC Prospective Student Survey highlights key differences in preferences between male and female candidates, particularly in areas such as equity and inclusion, sustainability, program format preferences, industry interests, and curricular focus areas.
The Kilts Marketing Fellowship at the University of Chicago Booth School of Business, established in 2006, is named after James M. Kilts, a distinguished alumnus instrumental in selling Gillette to Procter and Gamble for $57B.
Awarded annually, the Kilts Marketing Fellowship supports all three Booth MBA programs -Full-Time, Evening and Weekend.
Karen and Michael Herman established The Herman Family Fellowship for Women Entrepreneurs in 1995 to support female students with entrepreneurial aspirations. In addition to financial aid, the fellowship offers exclusive access and networking opportunities to annual reunions sponsored by the Herman family and the Polsky Center for Entrepreneurship and Innovation.
Atul Jose (Admissions Consultant, F1GMAT): To answer this question, you have to look at three data points
The number of Women MBAs in top Business Schools has steadily increased over the past ten years, with schools accepting 35-45% women candidates in the past two years. However, a more disturbing finding is the rising pay gap between Men and Women professionals. The gap is exacerbated in a management position at both mid-level and senior positions. There are several reasons for this gap. We shortlisted four major reasons:
1) Low Expectation
F1GMAT: Tell us a little bit about yourself
Kavita Singh: I have grown up and lived all over the world: Calcutta, Dubai, Delhi, Oxford, London and New York. It was a great experience and has shaped who I am quite fundamentally.
I am extremely passionate about innovation, and have spent my entire career in new product and new business development.
GMAC has released the 2013 Women and Graduate Management Education report. The report is based on data collected from 2003 to 2012, and offers details of women as they have progressed from management education to careers in management.
Find out the 11 Key Findings
Gender pay gap is a reality among Women employees; they are especially predominant among Women MBAs with the income gaps ranging between $10000 and $11,000. Although measures are being taken to represent more Women in an MBA class, the number of GMAT test takers would give us hints on whether the supply meets the demand.
According to the latest GMAT Volume data by Gender, the number of Women GMAT test takers has increased consistently with an average annual growth rate of 4.3% reaching 122843 during 2011-12. A positive trend seen in the report is that from 2008-09 to 2011-12, the gap between the number of women and men GMAT test takers have fallen by 15000.
Another interesting trend seen in the report is the shortening of gap in Mean GMAT Score between men and women from 41 points in 2002-03 to 21 during 2011-12.
Recently I read a Wall Street Journal article titled “Women MBAs Continue to Lag in Pay, Promotions” from February 19, 2010.
The article is based on the “Pipeline’s broken promise” research by Christine Silva published in Catalyst, a New York City-based nonprofit focused on women in the workplace, and argues that despite having similar educational backgrounds and experience, female MBA holders are still not getting the same pay, positions, or promotions as their male colleagues.
1.Tell us a little bit about yourself