The Graduate Management Admission Council (GMAC) released a report on management education. ‘The Global Diversity of Talent-Attainment and Representation’ to better understand representation in graduate management education (GME) degree colleges worldwide. More than 25,000 people between the ages of 20 to 34 who have attained a master’s degree in business, administration or law were surveyed.
Graduate Management Admission Council survey reveals some interesting facts and figures:
- As many as 26.4% of students who are enrolled in management, administration and law are women, which is about 2% higher than men.
- At the master’s level, 33.7% of men are more likely to study business, administration and law, which is higher than women at 29.4 %.
- Women in Europe are estimated to hold only 38.4% of graduate business degrees in the region, which is lower than the global average at 44.8%.
- While the maximum number of women is from East Asia and the Pacific at 51.7% of the region’s graduate business degree-holders.
- When compared across all regions, Europe has the largest share of those aged between 30-34 years in the GME pipeline at 41.8% but the smallest share of the GME pipeline aged 20-24 at only 19.8%, suggesting that many women in Europe chose to return to business school later in life.
- The survey also highlights that African Americans are represented slightly more than their white counterparts at 3% in the GME participation rate, outranking the Americans at 2.5%.
GMAC Council survey conclusion
Among the seven regions studied, the largest pool of students with aged graduate business talents falls in East Asia and the Pacific, which is also the largest source of bachelor’s degree-holders in the fields of business, administration and law.
While China and India contribute the most to both the graduate and undergraduate levels of business talents, the US comes a close third.
Pakistan and Turkey are two other notable inclusions in the top 10 sources, with business grads accounting for 28% and 40% respectively of the country’s total bachelor’s degree-holders.
Globally, more than 61 million people are assumed to have attained a master’s degree, and approximately 24% have earned GME degrees.
By region, the highest business concentration among all master’s degree-holders is seen in Latin America (33.1%), the Middle East (27.6%), East Asia and the Pacific (26.6%).
In addition, Colombia (65.6%) and the Dominican Republic (64.5%) have a greater representation of females within the student-age population of 20 to 34 who are assumed to have attained a master’s degree in the subject of business, administration or law.