By KELSEY GEEThe Wall Street Journal
\nWed., Feb. 6, 2019<\/p>\n
For people of colour, getting a master of business administration degree brings big career benefits, but the degree still doesn\u2019t ensure equal pay with white classmates, according to a new study.<\/p>\n
Going into M.B.A. programs, white students surveyed earned an average salary of $71,294 (U.S.), while minorities surveyed earned 24% less at $57,640, data from the Fort\u00e9 Foundation showed. Upon graduation, that pay gap narrowed to 16%, with minorities earning $101,505, on average, to their white counterparts\u2019 $117,834. That is equivalent to 86 cents on the dollar.<\/p>\n
The Haas School of Business at the University of California at Berkeley recently added a series of optional questions to its full-time M.B.A. application, asking candidates to describe how they were raised, their parents\u2019 education level and whether they were ever responsible for supporting family members or others.
\nThe Haas School of Business at the University of California at Berkeley recently added a series of optional questions to its full-time M.B.A. application, asking candidates to describe how they were raised, their parents\u2019 education level and whether they were ever responsible for supporting family members or others. (JIM WILSON \/ THE NEW YORK TIMES)
\n\u201cI\u2019ve always said the M.B.A. is the great equalizer of opportunity,\u201d Fort\u00e9 Foundation Chief Executive Elissa Sangster said. \u201cWe now know that isn\u2019t true.\u201d<\/p>\n
Sangster has worked for 15 years at the Fort\u00e9 Foundation, raising money for scholarships for women of all races and ethnic backgrounds to go to business school. She said some business programs are proactively trying to boost the diversity of students on campus, but barriers remain once students graduate.<\/p>\n
\u201cThere are still all of these other constraints on the choices women and minorities make while they\u2019re progressing through their career, like the company they choose to work for or the need for flexibility to care for family,\u201d Sangster said.<\/p>\n
To research how career outcomes for M.B.A. graduates vary by gender and race, Fort\u00e9 Foundation surveyed 900 men and women who earned their degree between 2005 and 2017. Students who identified as black, Hispanic or Native-American received a bigger pay increase upon graduation, averaging a 76% salary gain, the data show. Their nonminority peers\u2019 salaries rose by 65%, on average. But the gains come on top of unequal pay, leaving a pay gap, says Michelle Wieser, the interim dean of the business school at St. Catherine University, who led the research.<\/p>\n
The findings are striking at a time when business schools are under intense pressure to prove their value to a diverse pool of prospective students, and enrolment in many programs is on the decline.<\/p>\n
Once considered a crucial rung on the corporate career ladder, business has been the most popular field for graduate studies since the late 1970s, when white men earned three out of every four degrees, according to federal data. In 2017, around 57% of M.B.A. students identified as white, compared with 54% of master\u2019s students in all fields, according to a survey of 407 programs accredited by Association to Advance Collegiate Schools of Business.<\/p>\n
Some elite business schools are investing heavily in new diversity initiatives and hope to attract more minorities by funding more scholarships.<\/p>\n
The Haas School of Business at the University of California at Berkeley recently added a series of optional questions to its full-time M.B.A. application, asking candidates to describe how they were raised, their parents\u2019 education level and whether they were ever responsible for supporting family members or others. The goal is to provide admissions officers with information about the challenges that students may have had to overcome, said Elida Bautista, Haas\u2019s director of diversity and inclusion.<\/p>\n","protected":false},"excerpt":{"rendered":"
By KELSEY GEEThe Wall Street Journal Wed., Feb. 6, 2019 For people of colour, getting a master of business administration degree brings big career benefits, but the degree still doesn\u2019t ensure equal pay with white classmates, according to a new study. Going into M.B.A. programs, white students surveyed earned an average salary of $71,294 (U.S.), […]<\/p>\n","protected":false},"author":3,"featured_media":1008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"class_list":["post-1007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada-news"],"_links":{"self":[{"href":"https:\/\/sucantv.com\/index.php?rest_route=\/wp\/v2\/posts\/1007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sucantv.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sucantv.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sucantv.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sucantv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1007"}],"version-history":[{"count":1,"href":"https:\/\/sucantv.com\/index.php?rest_route=\/wp\/v2\/posts\/1007\/revisions"}],"predecessor-version":[{"id":1009,"href":"https:\/\/sucantv.com\/index.php?rest_route=\/wp\/v2\/posts\/1007\/revisions\/1009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sucantv.com\/index.php?rest_route=\/wp\/v2\/media\/1008"}],"wp:attachment":[{"href":"https:\/\/sucantv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sucantv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sucantv.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}