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Study Examines Male-Female Wage Gap, Post-M.B.A.
Tweet Share on Facebook August 26, 2011 Comment (5)If the record number of women entering business school this fall is something to celebrate—and I firmly believe that it is—we mustn't forget the "thorns" I alluded to in closing last week's post. During these uncertain economic times, perhaps no subject is pricklier than paychecks. Why Women are Worth (Less), published recently on Huffington Post's website, looks at the findings of a study of University of Chicago M.B.A.s—selected so as to compare "apples to apples" when it came to gender disparities by controlling for everything from b-school classes to GPA, job experience to hours worked. While labor economists Claudia Goldin and Lawrence Katz discovered only modest wage gaps for newly minted M.B.A.s, tipping of course in favor of men, the salary disparity hit 40 percent 10 to 15 years down the line.
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More Women Head to School for M.B.A.s
Tweet Share on Facebook August 19, 2011 Comment (6)In just a few weeks, a record number of female students will set foot in the hallowed halls of Harvard Business School and the University of Pennsylvania's Wharton School—two top M.B.A. programs that have recently touted a significant increase in the number of women applying. About 39 percent of Harvard's class of 2013 will be female, its highest percentage ever, Deirdre Leopold, managing director of M.B.A. admissions and financial aid, tells the Wall Street Journal. Meanwhile, women make up 45 percent of the incoming class at Wharton. "We had to do a double-take when we saw it," says Ankur Kumar, deputy director of admissions, in Fortune Magazine. "We couldn't believe our eyes. It was a fantastic moment for us."
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Social Entrepreneurship and the M.B.A.
Tweet Share on Facebook August 12, 2011 Comment (5)The notion of using a management degree to do good while doing well has grown in popularity on today's business school campuses, where an ever-increasing number of students plan on putting their business savvy to use within the nonprofit sector. The recession has led many applicants to reevaluate their priorities and determine what they want to do with their lives, often trading jobs with status and hefty paychecks for careers with a positive social impact.
In order to keep and develop the competitive edge needed to survive in today's uncertain economy, nonprofits must run themselves just like any other successful business. When you need to run a tight ship, as is often the case within this sector, business skills are essential. So are people skills, management skills, financial-analysis skills, IT skills—the list goes on. That's where the M.B.A. degree comes in.
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Evolution of the Executive M.B.A.
Tweet Share on Facebook August 5, 2011 Comment (1)Executive M.B.A. programs have come a long way since the first such program launched at the University of Chicago in 1943. Unlike the traditional M.B.A., E.M.B.A. programs aim to work around the schedules of busy managers and often include such perks as meals and accommodations, as well as opportunities for international work experience. Another crucial distinction from the standard M.B.A.: historically, companies have sponsored 100 percent of their employees' studies. With the price tag of the E.M.B.A. between $70,000 and $140,000, these programs have long been business schools' proverbial cash cow.
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