MBA Gender Pay Gap in Venture Capital Increases in Past Decade

Women with MBAs from top business schools who go into the fields of venture capital and private equity lag behind their male counterparts in pay by about 12 percent more than they did a decade ago.

Women earned 82.5 cents for every dollar men made in 2012, down from 93.7 cents 10 years earlier, according to surveys by Bloomberg Businessweek.

Of the 11 most popular industries that MBAs enter after graduation, women trailed men in pay in eight categories, including finance, marketing and operations, according to the survey. Women had the closest parity in consulting jobs, making 99 cents for every dollar their male classmates made.

Women outperformed men in salary in three fields: human resources, investment banking and non-profit companies. Two of those categories -- human resources and non-profits -- tend to attract more women than men, which may explain why women in these jobs are earning more, according to the survey.

The results are based on surveys from more than 27,000 business school graduates that Bloomberg Businessweek conducted as part of its biennial rankings of full-time MBA programs starting in 2002. The magazine reported last month that women graduating from elite business schools made 93 cents for every dollar men made in their first jobs last year, down from 98 cents a decade ago.

To contact the reporter on this story: Alison Damast in New York at adamast@bloomberg.net

To contact the editors responsible for this story: Louis Lavelle at llavelle@bloomberg.net; Lisa Wolfson at lwolfson@bloomberg.net

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