There are lots of women studying to become doctors. And tons wanting to be lawyers. But, for some reason, women are not breaking down the doors of MBA programs dying to enroll.
Based on recent data, women made up nearly 50 percent of enrollment at law and medical schools, but only 27 percent of the pie in MBA programs.
Now, I want to preface this whole blog post by saying I’m not advocating women run out and get MBAs. I have written in the past about how an MBA isn’t always a guaranteed ticket to career success. But I think it is curious that more women are not pursuing this higher business degree, and in turn not ending up in the upper echelon of the business world, or the corporate world for that matter.
So what the heck is going on? Why aren’t more women pursuing an MBA?
I spoke with Elissa Ellis Sangster, executive director of the Forté Foundation, a group that promotes MBA and other forms of business education for women, and she had an earful to say about the matter.
“Young women really don’t understand what options there are in business,” she explains. It’s not all about Wall Street, she says, there are tons of options for savvy women who hold an MBA in their hands, everything from working for non profits to entrepreneurship.
The people in women’s “influencer set” - including family, friends, career counselors - tend not to steer females toward business, especially women who are initially all about liberal arts in college.
“For women,” she adds, “there’s a disconnect between the nurture idea and wanting to do something good, and the message they get from business. They see negative imagery out there. They see it as not contributing to society.”
HELLO GALS OUT THERE!!
Is anyone paying attention to the news? There’s a mortgage crisis going on in this country that was perpetuated by people in the business world, Wall Streeters and bankers, and, they were mainly men at the helm of this. I’m not bashing men here, it’s just the reality of who runs these organizations.
Tell me this mortgage mess has not impacted society profoundly.
OK, sorry, got off track a bit. Back to Ellis Sangster.
While she says an MBA or a career in business isn’t all about money, it is also all about money.
And what’s wrong with that? Money isn’t dirty. It can be used for great good if we want it to. But we won’t have any say in it being used for great good if we’re not in the business driver’s seat with men.
How come we think it’s odd for women to want money or to have control over money? This goes to the heart of why women are still making 75 cents on the dollar compared to men and why our numbers are dwindling in the corner office.
Look, an MBA is no guarantee that you’ll make it to the top, and Ellis Sangster agrees with that, but it will give you a boost of confidence in the workplace and it will shut up some of those lunkheads in the business world that already think you have a strike against you because you don’t have a penis.
I don’t want to sound cynical here, but there still is bias in the workplace and every female executive I’ve interviewed has experienced it. When you walk in the door of a new organization or a new division, an MBA will definitely give you that little boost of credibility because naysayers will at least know you committed yourself in some way to the business cause.
To help women think a bit harder about MBAs and business, the Forte Foundation holds forums with successful female MBA holders around the country, and they’ve also started going to campuses to talk to young girls about careers in business.
Parents also need to get involved and talk to their daughters about all types of careers without excluding the potential of a job in business, advises Ellis Sangster.
Interestingly enough, she often gets calls from dads wanting information on how their daughters can pursue an MBA. But the moms never call, she says.
Man, we have a long way to go.
June 24th, 2008 at 11:23 am
Hi Eve - I think starting to talk to girls about careers in business (including getting an MBA) early is the key. When I graduated from undergrad I knew that I wanted to get an MBA, but I also knew that b-schools like applicants to have work experience. So I pursued my career over the next 5 years in a way that developed a track record of leadership and success that top schools would find attractive. I graduated with an MBA from UNC in 2002.
Most people attend med/law school right out of undergrad…that is part of their career plan because those degrees are a requirement to be a doctor/lawyer. As you mention an MBA is not a necessity, so it isn’t viewed as being part of a young person’s career plan. Especially not for girls who because of our society’s prejudices aren’t seen as destined for careers in business.
Outreach to middle school and high school girls is definitely the way to go
June 24th, 2008 at 11:49 am
Someone’s got to start talking to women about their options since it seems many moms aren’t doing it.
With so many women leaving their careers behind after they have kids, maybe it’s hard to tell our daughters to focus on becoming successful at both a career and motherhood since we gave up on having it all. Maybe we women have become so obsessed with the job of mothering that we don’t realize we brought children into the world because we want them to someday go off and find themselves, and possibly make the world a better place.
June 24th, 2008 at 12:39 pm
I don’t know what the stats are for the UT Austin Austin McCombs School of Business female to male student ratios are, but they have an active group that promotes networking and community among women.
They organize a free, public conference every February that has engaging breakout sessions, and the overall conference is one of the best I’ve been to at any price. They don’t cut corners on food, and the speakers and panelists are a great mix of local and nationally known women in business.
They’ve certainly got me contemplating going for an MBA, although it’s out of my financial reach at this time.
http://mba.mccombs.utexas.edu/MBAWomen/
June 24th, 2008 at 3:36 pm
Hi Eve,
I’m currently looking at online MBA programs because between working full time and taking care of my two children I need more flexibility than even an Executive MBA program offers. Wondering if there aren’t a significant number of women like myself who are going the online route for their MBA degrees.
-Kim