In the past ten years the percentage of businesses that are wholly owned by women has increased from 23.3% to 42.3%, highlighting the increasing dominance of women in business. There are 12 Fortune 500 companies who have women as their top executives, however only 30% of people enrolling in MBA courses are women.
Why should women enrol in an MBA program?
A woman in business with an MBA has all sorts of doors opened to her all over the business world. It does not matter what industry you go into, an MBA is versatile and its prestige is recognised internationally. By getting an MBA your chances of moving into a senior position in the workplace are greatly increased and if you wish you will also have the knowledge to start your own business and be your own boss.
How come so few women embark on an MBA course?
The most common complaints and reasons why women do not enrol in MBA programs are:
These are valid concerns, but if more and more women take the step to enrol in MBA programs then slowly these problems will disappear. If more women study for an MBA, then more women who will be able to qualify to be teachers on MBA courses. There are also more women becoming leaders. Especially in the United States women such as Hillary Clinton and Sarah Palin dominate the headlines in US politics. Women should take inspiration from this and realise they have the potential to be leaders in the business workplace.
How can I manage an MBA course alongside my personal responsibilities?
This is a big concern for many women, as many people who get their MBA are already established in their career they also have family responsibilities they have to accommodate. We have all seen the growth of the Internet over the past decade and this phenomenon has also taken learning to new levels. Nearly all big business schools now offer an MBA program online. This way you can work from your own schedule (and from you own home) and fit your studies in around family life and other responsibilities.
If you are still working full time and wish to study for your MBA then studying online overcomes issues you may face there too. By typing in ‘Online MBA’ in any search engine you will find a wealth of schools which offer MBA courses online. To get started visit Online MBA and explore their website.
How can I choose which business school is right for me?
When you are choosing the business school where you want to get your MBA be sure to do research into the learning environment and campus culture there. Meet with professors and current students and ask them all the questions you have. Some business schools are more welcoming of women than others so if this is something which concerns you don’t be afraid to ask questions about it.
Many schools are so keen to have women in their MBA program that they offer special scholarships and financial aid programs just for their female applicants. There are also many scholarships available to women from places such as the American Business Women’s Association or the Business Professional Women’s Foundation.
There are so many opportunities available to women who want to get their MBA, so why are so few women furthering their education in business? Do they feel intimidated by the domination of men in the business world, or does the traditional image of men going to the office while women stay at home still have some influence? Whatever the reason, the fact that only 30% of MBA students are women is something business schools are looking to change. Business school MBA programs are pushing to recruit more women, so take this opportunity to apply and secure your place on an MBA program.
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