The pandemic had forced several women out of work, and the labor force around the world. This served as a major setback for their progress towards gender parity. In 2020 38% of the seat holders in the Top 56 Business Schools who are a member of the Forte Foundation, for the MBA program, were women.
10 of the colleges that make it through the list reported women’s enrollment ratio had reached 45% or more in 2021, comprising of — the George Washington School of Business, the Wharton School at the University of Pennsylvania, and the Johns Hopkins Carey Business School. According to the Foundation, the latter saw enrollments of the majority of females.
These positive developments pave way for the future development of more female leaders in the industry. This is much required to reduce the enter gap, as only 8.2% of the Fortune 500 CEOs are women. The more enrollment takes place, the better working conditions for women will be ensured.
From 31.8% in 2011 to 41.2% a decade later, as per Forté data, the numbers are gradually rising. In 2018-19 48% of business master’s degrees secured were by females, according to the National Center for Education Statistics.
The economic slowdown also results in higher enrollment owing to people leaving their jobs and going for higher education, to look for better opportunities, until the economy gets back on track.
“The reason that this particular pipeline is really important is because of where it leads, and how quickly and how much of an opportunity it is for women to be in those leadership roles,” says Forté Foundation CEO Elissa Sangster. “We want to make sure that those pathways are wide open for women.”