Gender wage gap smaller among MBA graduates, study says
Saturday, March 10, 2012
The wage gap between women and men is significantly smaller
among alumni from MBA and other graduate management programs than it is among
the general U.S. population, according to a survey by the Graduate Management
Admission Council (GMAC).
Female graduates of full-time MBA programs who responded to
the survey received starting salaries equivalent to 85 percent of the earnings
their male counterparts drew, on average, according to results of the GMAC
Alumni Perspectives Survey, which included responses from 4,135 alumni who
graduated from 2000 through 2011, including 963 members of the class of 2011.
By contrast, women earn just 77 cents for every dollar
earned by men when the entire U.S. workforce is taken into account, according
to the U.S. Census Bureau.
Alumni from graduate management programs report a stellar
return on investment, with graduates recouping one-third of the financial
investment in their degree within the first year after graduation, and 100
percent four years out.
"Anyone considering a
graduate management degree should do a thorough economic analysis, including an
evaluation of the potential return on their investment,” said Dave Wilson,
president and CEO of the Graduate Management Admission Council. "These results
demonstrate that a graduate management degree is, in fact, a solid investment
in your future, both in good and bad economic times.”
Eighty-six percent of
the class of 2011 graduates were employed after graduation, which is about the
same as the class of 2010 (88 percent). Three out of four
alumni of the class of 2011 with jobs report they could not have obtained that
job without their graduate management degree.