GMAC revealed that 29% women do not pursue MBA due to financial constraints

GMAC revealed that 29% women do not pursue MBA due to financial constraints

MBA program has always been supreme but little is paid attention to the fact that regarding the imbalanced sex ratio in the program. The course has always attracted more men than women. A white paper published by the US based Graduate Management Admission Council, which is responsible for conducting the GMAT exam, revealed that one in every three women do not pursue MBA due because of the financial constraints and this is not the case related to any particular country but the situation is more or less same around the whole world. The observation came into light on ‘International Women Day.’ “Women have made phenomenal progress in attaining business master’s degrees, yet they have not caught up with men in the share of MBAs earned,” said Sangeet Chowfla, president and CEO, GMAC. “Our extensive global segmentation research and market intelligence looked at several important underlying factors that contribute to this growing participation of women in business master’s and lack of parity in MBAs, with financial concerns being the number one issue cited by female applicants.” He further added. 33% men cited that they were waiting for the offer from an additional school and therefore did not accept the first offer. The greatest difference in the sex ratio was witnessed in US where 38% women respondent cited financial reasons as the primary cause for not accepting the offer in contrast to their male counterparts who were 20% in number.Indian candidates are the likeliest to rely on the funding from their parents. 53% Indian women and 48% Indian men stated that they intend to rely on the funds from their parents in order to pursue their degree either partially or wholly. “It’s easy to make the mistake of thinking of women as a monolithic block and to view their lack of parity in MBA classrooms as a failure on the part of business schools,” said Chowfla. “The insights (from the study) clearly reveal that women are distinct from men in what they are seeking from their business education experience, and their behaviors differ between countries and behavior types.”

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