Women earn 63% or more with an MBA—but still not as much as white men - CNBC
For many people, earning an MBA is the key to a bigger paycheck and loftier position in the workplace.
But when comparing these salaries within the group, women and people of color still received lower pay than their white male counterparts, despite having equivalent credentials. The study also found that women and minorities with an MBA experience less job satisfaction. For women, this unhappiness is linked to compensation and having little room for advancement in the workplace. But rather than addressing this pay gap with their boss, many of the women surveyed said,"I have not taken action and do not intend to" or"I left the company."
Sangster admits that while many MBA programs do teach students about salary negotiations, there are several outside factors that also come into play when considering a woman or a minority's advancement at work. According to the Organisation for Economic Co-Operation and Development, each day men and women in the United States spend 150.2 minutes and 243.2 minutes, respectively, doing unpaid labor. Lauren McGoodwin, CEO and founder of Career Contessa and creator of The Salary Project, told CNBC Make It last April that this means women have less time for paid work due to the responsibility of household chores.
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