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.
American freeskier Hunter Hess got to the end of his successful run in Olympic halfpipe qualifying, then leaned into the camera. He bent his left thumb and forefinger into the shape of an "L," lifted it to his forehead and pointed at it with the other hand. In:
A Milwaukee, Wisconsin, detective had an unconventional idea of how to help solve the murder of 19-year-old college student Sade Robinson. In:
Property taxes around the U.S. have long been a lightning rod for debate, with political leaders perpetually balancing the need to fund their budget priorities against the risk of alienating homeowners and businesses. This week, for example, New York City Mayor Zohran Mamdani sparked an uproar by proposing to close a budget hole by sharply raising property taxes. Edited by Alain Sherter In:
U.S. fighter jets were scrambled Thursday to intercept multiple Russian bombers, fighter jets and a spy plane that were spotted flying off the coast of Alaska, U.S. authorities said. In:
The two rounds of indirect talks between the U.S. and Iran have produced unique proposals addressing Iran's nuclear program — its enrichment capabilities and supply of highly enriched uranium — and how to make a deal that's economically beneficial to both countries, diplomatic sources tell CBS News.
Eric Dane, the actor best known for his role as Dr. Mark Sloan on the hit medical series "Grey's Anatomy," has died at the age of 53, his family announced Thursday. Kerry Breen contributed to this report. In:
President Trump on Thursday directed his administration to release files on UFOs and any "alien and extraterrestrial life," an issue that has drawn decades of public fascination — and spawned more than a few wild theories. In:
Truckee, California — Survivors tried to unbury their friends when an avalanche struck a group of backcountry skiers near Lake Tahoe in Northern California earlier this week, according to new harrowing details from a local sheriff's official. The avalanche, the deadliest in California history, killed at least eight people and left a ninth person missing. In:
A lawsuit against Amazon alleging the retailer sold a chemical on its website that played a role in the suicides of several teenagers and adults can proceed to trial, the Washington State Supreme Court ruled on Thursday. Edited by Alain Sherter In:
FBI Director Kash Patel, whose use of a government jet has frequently come under scrutiny, flew on a Justice Department plane Thursday to Italy with plans to attend the Olympic hockey medal rounds, according to public data and sources familiar with the matter. In:
Team USA defeated Canada in a stunning 2-1 overtime comeback win at the 2026 Milan Cortina Winter Games to take home their third Olympic gold medal in women's ice hockey. In:
Oil prices are climbing amid signs the U.S. may be planning to launch military strikes on Iran, raising questions about the potential economic fallout of heightened conflict in the region. Edited by Alain Sherter In:
Washington — Virginia Gov. Abigail Spanberger will deliver the Democratic response to President Trump's State of the Union address next week, party leaders in Congress announced on Thursday.