More Women Seeking MBAs in the US and Internationally
Are you interested in earning a Master of Business Administration (MBA) within the US or Internationally? If so, you’ll likely have more female classmates than you would have had in previous years. In the past, MBA programs have been male-dominated but the distribution of males and females in business school continues to get more equitable year after year. As the composition of the MBA classroom continues to change, programs are becoming increasingly more female. In addition, more women from North America are pursuing international MBAs to receive a global education.
Female MBA Student Trends
Numerous studies have replicated the increase of women in business school. In 2015, according to Forte Foundation, just over 36% of full-time MBA students were women. This rate increased four percentage points since 2011. See Figure 1 below for the percentages from 2011 to 2015.
Figure 1. Average Full-Time MBA Program Female Students
If you take a look at six of the top nine MBA programs within the US, there’s also an upward trend of female students. Six of these programs have over 40% women enrolled in their MBA program. Northwestern Kellogg and University of Pennsylvania Wharton both had 43% female MBA students in 2015, which is the highest percentage of any top 10 business school. See Table 1 below to compare the percentages in 2011 and 2015 of female MBA students.
Table 1. Percentage of Female Students at Top MBA Programs
|School||Female students - 2015||Female students - 2001|
|Harvard Business School||41%||34%|
|University of Pennsylvania Wharton||43%||31%|
|University of Chicago Booth||42%||20%|
|Columbia Business School||36%||37%|
|UC Berkeley Haas||41%||30%|
International MBAs for Women
Not only are more women deciding to go to graduate school to earn an MBA, but more female students are seeking global MBAs. As technology continues to advance and companies become more global, the world becomes more connected which encourages companies to explore new markets and global considerations. These women seeking international MBAs want to be on the forefront of this change.
Research by the London School of Business and the Forte Foundation shows that women from North America are increasingly attending business school in Europe. These female students are aware that the workforce is becoming more international and want to have global opportunities.
Characteristics of Women Seeking International MBAs
Why did these students chose to study outside of North American? The women in this study all expressed their interest in learning globally and pursuing global careers. According the London School of Business and the Forte Foundation’s research, the women who seek MBAs in Europe have the following profiles.
1. Dual Background (40% of women in the study)
These women have diverse heritage and many were born outside of North America and immigrated to North America as children. They already have European connections, such as family or friends, they want to visit with while attending school. Despite their European connections, these students tend to return to North American after completing graduate school.
- 2. Travelers (35% of women in the study)
These women have a passion for travel and learning about foreign cultures. Many of them majored in international studies in undergrad and were part of an exchange program with a country outside of the US or Canada.
- 3. Candid American (25% of women in the study)
This group of women stood out from women with a dual background or international travel experience. These ‘Candid American’ women have spent their entire lives within North America. However, they realize the importance of working globally and are interested in upper management roles within their current company or a new career.
As companies continue to expand and compete globally, the culture awareness of international markets will set MBA students apart. For those students that aren't interested in attending an MBA program outside of the US, there are global immersion and internship opportunities at many business schools in the US.
Industries that Women MBAs Pursue
As increasingly more women pursue MBAs, it has become apparent that the industries that more women pursue differ from men MBAs. After earning a graduate business degree, women more frequently enter fields like consumer goods, healthcare, retail, nonprofit and government. In contrast, men are more likely to pursue positions in consulting, energy, investment banking, private equity and IT fields. According to a Forbes study, marketing and advertising was the top industry for female MBA graduates with 22% of them entering this field compared to only 9% of male MBA graduates. As more and more women earn MBAs, these industry preferences shown by genders could shift.
For women considering pursuing an MBA, you can rest assured you will have an increasing number of female classmates. For those considering an MBA outside of North America, other women have done and continue to pursue the same path and have had success.