Female MBA grads earn $11,000 less than male peers on Day 1 of new job
CBSN
Graduating from business school does not put women on the same economic footing as men —and the gender gap in pay only widens as careers progress. Right out of the classroom, female MBA grads earn about $11,000 less than their male classmates, a disparity that grows to more than $60,000 annually less than a decade later.
Post-MBA men made $177,112 on average in 2020, while women made $147,412, or $29,700 less, according to findings released Thursday by the Forté Foundation. That 20% pay gap had narrowed from a 39% chasm the Austin, Texas-based nonprofit found in a similar 2016 survey.
The foundation most recently polled 3,133 MBA students, prospective students and alumni from 57 elite business school programs in the fall of 2020. Minority women fared the worse, paywise, earning an average of about $52,000 less on the job than all men surveyed, according to the findings.
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