Women who use their MBA to start a business may be more successful than men
According to PayScale, about 66 percent of master's of business administration (MBA) degree holders are men. Although these individuals dominate the business world, they also earn higher salaries. While male MBA degree holder earn about $87,238 annually, women who have the same credentials can expect to make approximately $66,640 per year, on average.
However, women who use their higher education to launch themselves into an career in entrepreneurship may prove to be more successful than their male counterparts, according to The American Express OPEN State of Women-Owned Business Report.
The newly released report shows that this year there are about 8 million businesses in the U.S. that are owned by women, many of which hold credentials such as an MBA. These companies employ about 7.7 million people and collectively generate almost $1.3 trillion in profits.
Businesses owned by women have done better than those run by men in the past 14 years, the report shows. Employment has decreased by 5 percent in men-owned firms and revenue has grown by 33 percent, compared to 53 percent in female-run businesses.
Don't Miss a Day of Your Future
Excellence in Education. Online Convenience.