BUSINESS MASTER'S PROGRAMS BLOG

Women in Business: Female Entrepreneurs Creating Jobs

Women business owners…it’s not a trend; it’s a reality. There are more than 9 million women-owned businesses in the United States, averaging 500 women-owned businesses starting each day. While women in business are still hitting the glass ceiling, many are creating their own destiny.

According to the infographic below, 30% of U.S. businesses are women-owned, and 1 in 5 U.S. businesses with revenues of $1 million or more are women-owned.

The jobs report is just as good, with 8.9 million employees working at women-owned businesses in the U.S., and 1 in 3 new jobs in the U.S. are expected to be generated by women-owned companies by 2018.

Washington, D.C. is on the list of the top 5 metropolitan cities with the greatest number of women-owned businesses.

Although women-owned business are on the rise, unfortunately women still do not have equal numbers to men in the workforce. According to Catalyst, a nonprofit focused on expanding opportunities for women in business, 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)

Take a look at the infographic below for more statistics on women-owned businesses.

Breaking Barriers…for the Next Generation
At George Mason’s School of Business, we are taking steps to support women. George Mason School of Business’ Women in Business Initiative aims to provide a unique platform of engagement for professional development and networking and 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.

At Mason, female students make up 45% of the Mason MBA program.

Located in the metro Washington, D.C., area, George Mason’s MBA Program, prepares the next generation of business leaders through a rigorous, stimulating business and management curriculum based on a global perspective, industry demand, and leadership. It prepares MBA graduates with the skills they need to pursue the careers they want.

Mason’s MBA program is ranked #53 on the “Best Part-time MBA” list by U. S. News & World Report. Dedicated career services staff offers personalized career consulting services to students during the MBA program and alumni after graduation.

Download the MBA eBook titled 5 Things You Need in a MBA Program today for more information.


Women in Business stats

Source: Balboa Capital

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