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Here's yet another reason why women aren't lining up for MBAs: According to the Harvard Business Review, women make about $4,600 less per year than men do post-MBA. Apparently the pay gap is widening, even after making adjustments for giving birth and aspiring towards goals of varying levels.
This "demoralizing research" (as it's been referred to) has been compiled into "Women in Management: Delusions of Progress," a study by Catalyst's Nancy Carter and Christine Silva.
Below are a few of the findings from Carter and Silva's research:
- Unequal pay isn't an occurrence that just "happens" over time; rather salary differentials start with the very first jobs and progressively widen.
- Women generally leave their first jobs earlier than men leave theirs, and the predominant reason why women leave is for management reasons—a bad manager in particular.
- If women were not expected to divulge how much they were (under)paid at their last jobs, then they probably wouldn't receive lower wages for their next job.
For more information on women and pay, visit the HBR special report on Women and the Workplace Pay Gap.
Related Accepted.com Resources:
- Women MBA Applicants
- GMAC Reports Record-Breaking Number of Women GMAT Test-takers
- Reflecting Back on 1970s Women's Colleges
- The MBA Value Proposition for Women, chat transcript
- The MBA Value Proposition for Women Internationally, chat transcript
- The MBA Value Proposition for Women of Color, chat transcript
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