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March 8th: still a generation to close gender pay gaps

March 8, 2022

2022 and global gender gaps remain all over the world, despite decades of international attention and efforts. Current data from the World Economic Forum shows that there are still gaps in education, health, economics and politics. 

According to the WEF’s Global Gender Gap Report 2021, another generation of women will have to wait for gender parity. As the impact of the COVID-19 pandemic continues to be felt, closing the global gender gap has increased by a generation: it would take 135.6 years to close the gap worldwide if the current trajectory continued.

In a recent survey, the Financial Times analyzed how women have done in business schools and after graduating from them, based on data from the last 15 years. The findings are a little more encouraging: since 2007, the percentage of women in MBA courses has increased from 17% to 31%. The percentage of female teachers has also increased.

“In recent years there has been a push for business schools to be more responsible in terms of teaching — with a focus on purpose rather than profit maximizing — and to incorporate sustainable development goals (SDGs) into the business education culture. One of the SDGs is to achieve gender equality.”, said the publishing.

However, globally on average, it is estimated that women earn $0.77 for every $1 that men earn. The gender gap in compensation for MBA graduates is 15 percentage points lower than the estimated global average of 23% as a whole, although the pay gap, in nominal terms, is still large.

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Source: Financial Times | World Economic Forum