More women choose to earn an MBA degree

More women are deciding to pursue higher education by earning a master's degree in business administration.
More women are deciding to pursue higher education by earning a master's degree in business administration.

Many schools across the country are seeing increases in the number of women who are enrolled in their master's of business administration (MBA) programs. For example, Harvard Business School reports that in the class of 1995, about 28 percent of its MBA students were female. The class of 2012, however, is comprised of about 36 percent women.

On a national level, a study by Quacquarelli Symonds shows that this year, about 48 percent of individuals who applied to the master's course of study were women, compared to only 35 percent in 2006, The New York Times reports.

Women have increasingly strong motivations to earn a master's, such as a higher paycheck, according to the Bureau of Labor Statistics. Individuals who have this advanced degree, for example, earn about $1,257 per week, on average. This can be compared to $1,025 per week, which is the average salary for someone who holds a bachelor's.

For individuals who specifically have an MBA degree, PayScale reports that while the average salary varies by position, program graduates can expect to earn between $64,448 and $171,037 per year, on average.

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