International MBA Candidate Trends and Motivations Revealed in Survey
Women in MBAs
Internationally, the proportion of women expressing an interest in doing an MBA has increased, following a year on year trend since the Applicant Survey began. Currently a record high of 39% of respondents to the survey were women, and the statistics that women provided the survey proved revealing.
Pre-MBA the salaries of women and men appear to be closing gradually. However post-MBA, the salary expectations of women and men are still quite different. Men target salaries over 30% higher than women. The mean average target salary for a woman is US$80-85,000 (up from US$60-65,000 in 2007) while men target US$95-100,000 average salaries (up from US$80-85,000 in 2007).
More extreme, 40% more men than women expect to earn in excess of US$100,000 post-MBA, with 46% of men and 34% of women claiming this as a realistic target.
In terms of their actual business school study, men are marginally more likely to consider a longer course than women. It has been suggested that women are keen to complete their studies earlier in order to establish a career before starting families, creating a career break.
Less than 10 months | 10-18 months | 19-24 months | More than 24 months | |
Female | 5.60% | 43.20% | 45.70% | 5.50% |
Male | 6.20% | 38.20% | 49.30% | 6.30% |
The survey is available at www.topmba.com/mba_applicant_research_2008.pdf. It asks a range of questions, from salary expectations to business school funding options, and from reasons for doing an MBA, to preferred study destinations.
QS Quacquarelli Symonds Ltd was founded as a student initiative while Nunzio Quacquarelli was completing his MBA at Wharton.