Women are making significant progress climbing up in the corporate world. They happen to be shattering records as GMAT participants and MBA program enrollees. Of all the people who took the GMAT in 2012, 43 percent were women, up from 39 percent in 2009. In 2012, female applicants to MBA programs increased tremendously—by 12 percent—over 2011. Since 1997, the number of women earning MBA degrees increased by a full 75 percent.
The top five fields female MBA grads want to enter into include marketing and advertising, consumer goods, government and public service, entertainment, media, public relations, health care, retail, fashion, and apparel. Women with MBAs value employers that have a strong reputation, high ethical standards, and a high level of social responsibility. Pay isn’t everything for women—they are likely to compromise on pay to enter fields that are stimulating, personally rewarding, and in line with their values.
In 2013, female MBA grads are now earning 93 cents for every dollar earned by their coworkers. Female grads from the University of Texas at Austin McCombs School of Business make an average yearly salary of $105,590, which is 101.9 percent of their male counterparts. This is the first instance where the pay gap has actually been reversed.
To learn more about the progress women have made in the corporate world as well as some of the leading female CEOs running America’s largest companies, check out the infographic below.
Shes the Boss: Women in Business [Infographic]
Image compliments of Best Healthcare MBA Degrees
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