If slow and steady wins the race, female business school applicants are making their way closer and closer to the finish line. In the last testing year, a record 106,800 women took the exam, making up 41 percent of all test takers, up from 40 percent the year before, according to the Graduate Management Admission Council (GMAC), which offers the exam. This is the third consecutive year that more than 100,000 women have sat for the Graduate Management Admission Test (GMAT), with much of the increase continuing to be driven by East Asian women, says Michelle Sparkman-Renz, GMAC’s director of research communications.
“It’s quite significant,” Sparkman-Renz says. “When we first saw it happen in 2009, you wondered if it was a fluke or part of the recession. But we’ve continued to see a new generation of women in MBA and master’s programs, so it feels like it is here to stay.”