Why have a Women in Business Initiative?
More young women are attending college than ever before. For 2010 graduates, the college enrollment rate was 74% percent for young women and 62.8% percent for young men.
George Mason’s enrollments are consistent with the national average with 55% females in our student population. And business is becoming an increasingly popular area of study for young women. The School of Business has 46% females overall, but for our undergraduate programs, the proportion is closer to 50% female.
Historically women only accounted for 30-35% of enrollment in MBA programs worldwide but over the past few years that has increased to as much as 48% (according to a recent study by Quacquarelli Symonds, a company specializing in international education).
The representation of young women majoring in business and graduate level programs has not translated to the workforce.
According to Catalyst, a nonprofit focused on expanding opportunities for women in the business world, women make up:
- 46.7% of the U.S. labor force
- 51.5% of management, professional and related occupations
- 14.4% of Fortune 500 executive officers
- 15.7% of Fortune 500 board seats
- 7.6% of Fortune 500 top earners
- 2.6% of Fortune 500 CEOs (12 female CEOs of Fortune 500 companies)
Through this initiative, we hope to build a supportive network of female business professionals that will open doors for our current female students, our female alumni, and other businesswomen, alike.