Education

29% women do not pursue MBA Programme due to financial constraints, finds GMAC

MUMBAI: On the academic floor, the MBA programme has always been supreme, attracting more men than women. But little is known about the skewed sex ratio in this course that allows learners a chance to pick the crucial tools of management.

A white paper from US-based Graduate Management Admission Council (GMAC), which conducts GMAT, has revealed that one in every three women around the world does not choose MBA due to financial constraints.

The bleak observation came on International Women's 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." Seeking scholarships and financial aid are on top of women's mind.

Men (33%) cited that they were waiting for an offer from additional schools as their reason for delaying acceptance.

The greatest gender difference on this issue was seen in the US. More than a third (38%) of women survey respondents cited financial reasons as their number one reason for not yet accepting their admissions offer compared to 20% of male respondents.

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