Female MBA grads earn $11,000 less than male peers on Day 1 of new job
CBSN
Graduating from business school does not put women on the same economic footing as men —and the gender gap in pay only widens as careers progress. Right out of the classroom, female MBA grads earn about $11,000 less than their male classmates, a disparity that grows to more than $60,000 annually less than a decade later.
Post-MBA men made $177,112 on average in 2020, while women made $147,412, or $29,700 less, according to findings released Thursday by the Forté Foundation. That 20% pay gap had narrowed from a 39% chasm the Austin, Texas-based nonprofit found in a similar 2016 survey.
The foundation most recently polled 3,133 MBA students, prospective students and alumni from 57 elite business school programs in the fall of 2020. Minority women fared the worse, paywise, earning an average of about $52,000 less on the job than all men surveyed, according to the findings.
Strong storms with damaging winds and baseball-sized hail pummeled Texas on Tuesday, leaving more than one million businesses and homes without power as much of the U.S. recovered from severe weather, including tornadoes, that killed at least 24 people in seven states during the Memorial Day holiday weekend.
Actor Richard Dreyfuss is facing backlash for allegedly sharing remarks that audience members found sexist, homophobic and generally offensive at a Q&A event over the weekend tied to a Massachusetts theater's screening of "Jaws." Dreyfuss starred in the 1975 blockbuster that was filmed in Massachusetts and screened Saturday night at The Cabot, a performing arts center in the coastal community of Beverly.
Another American who was arrested in the Turks and Caicos Islands for possessing ammunition was sentenced to time served and a $9,000 fine on Tuesday, local media reported. Tyler Wenrich was facing a potential mandatory minimum sentence of 12 years in prison for ammunition charges in the British territory.