Business school trends are changing, particularly when it comes to women. According to the GMAC blog, 2011 was the third year in a row that over 100,000 women took the GMAT exam.
Other business school trends regarding women are changing, too.
“In fact, many women are taking the GMAT exam at their earliest opportunity: Last year 45% of women taking the exam were younger than 24.
“These women aren’t just banking good scores for an undefined future; they’re moving! Women are seizing the opportunity to earn an MBA or business master’s degree at a much faster rate than men, knocking on b-school doors a full seven months sooner, on average, from completing their first degree to submitting an application.”
Global Trends Also Changing
Even though American women are the largest portion of test takers, women across the globe are proportionally leading. “By country/region, women in 2011 made up 64% of all GMAT test takers in China, 61% in Vietnam, 58% each in Taiwan and Thailand, and 57% in Russia.” This deep pool of international female test takers deeply impacts business school trends.
More Female Applicants
Some women may still feel reluctant to apply or doubtful about their readiness for business school. GMAC provides more data about business school trends for those concerns:
- Schools want more women in their programs, and are increasing their recruiting efforts. “In 2011, 70% of full-time MBA programs, half of master’s in accounting, and nearly a quarter of master’s in finance programs that participated in our survey research made special efforts to recruit more female applicants.”
- Business are also focusing on gender diversity and are working to have more women represented on boards. “These equality initiatives are backed with good business sense: A recent Catalyst study of businesses showed that companies with more women in top leadership spots outperform those with fewer and that gender diversity in the boardroom translates to stronger corporate performance.”
- Your MBA will mean that you will achieve career milestones more quickly. Of the women surveyed by GMAC, “the majority said their degrees provided a competitive advantage (84%), improved their chances of finding the job that met their expectations (84%), prepared them to meet today’s job market challenges (82%), and introduced them to new career opportunities (73%).”
These business trends are taking place in business schools in DC and all over the world. This is one of the best times for women, and it should keep getting better.