Gender Diversity in MBA Programs: Ahead of the Curve

This post was written by Julie Keck ’19

As part of the 2018-2019 cohort of University of Vermont’s Sustainable Innovation MBA program, I’m proud to sit in a classroom that has an abundance of women. Since its inception, the program has been ahead of the curve in this area. In Years 1- 3, the program busted through the revered 50-50 gender barrier in MBA programs. As the program has grown, the percentage of women in the program has decreased: last year’s graduating class had 47% female attendance, and as I mentioned before, my cohort has 41%.

Percent of Women in The Sustainable Innovation MBA Cohorts

2015 –  55%

2016 – 56%

2017 – 52%

2018 –  47%

2019 – 41%

Important Note: I do not have information on what gender identities alumni and my current co-hort self-report: my numbers are based on my visual identification of candidates based on their pictures on The Sustainable Innovation MBA website. My apologies to anyone I have misidentified.

Although the overall percentage of female candidates has decreased, The Sustainable Innovation MBA program is still over the national average for MBA programs. As reported in Financial Times earlier this year, the Graduate Management Admission Council found in 2016 that only 37% of applications to full-time two-year MBA programs were submitted by women globally. The number is better in the US (42%) than in Europe (36%) and Asia (32%.) The primary barrier to accepting MBA school offers reported by women globally was financial concerns; for men, the primary barrier reported was that they were waiting for other offers. (Financial Times, 2018).

If you take a look at who’s actually attending MBA programs currently, things are looking up, and The Sustainable Innovation MBA is definitely ahead of the curve. As of 2018, no MBA programs report achieving gender parity, but all of the top 10 schools they surveyed had at least 40% female attendance, with only four schools in the top 25 ranked schools dropping below 30% (Poets & Quants, 2018)

While the presence of women in an MBA program is a good start, whether or not they’re being given all of the tools they need to succeed after graduation is another thing. Research shows (The Wall Street Journal, 2018) that women in the workplace are judged more harshly for their mistakes than men, and they often have to choose between being liked and being respected, and business culture shifts in response to the #MeToo movement (Bloomberg, 2018) may make it even more difficult for business women to get the mentors and opportunities afforded to their male counterparts.

In order to adequately serve female students, forward-thinking MBA programs should include not only instruction and mentorship for female students to help them when they encounter bias and misogyny in the workplace, but make a concentrated effort to move away from male-majority teaching staffs and leadership. Also helpful: having open and honest in-class conversations about what it’s like to be a woman in the workplace; this isn’t only beneficial for women: it’s also useful for the men in the program looking to become great leaders to all they work with.

In order to better support each other and supplement ongoing conversations about gender and leadership, the women in the current Sustainable Innovation MBA cohort have banded together to share experience and resources during extracurricular meetings. They’ve also found support from female alumni, female Advisory Board Members, and female members of the program’s leadership. While we have had several female professors in the first semester, none are currently on the schedule for the second. Seeing reflections of yourself in the mentors you are exposed to is important in the development of ourselves as people and professionals – hopefully as the program grows, so will the numbers of its non-male professors and leaders.

One final note: gender diversity is far from the the only metric of diversity, and I would hope that all forward-thinking, sustainably-minded program are looking for ways to make their programs more accessible to and welcoming of students of color, queer students, non-binary, trans and other gender nonconforming students, students with differing abilities, and other effective minorities, especially since embracing diversity boosts performance (Forbes, 2018.) Here’s to the future cohorts of The Sustainable Innovation MBA that more accurately reflect the world that we live in and seek to lead.

Photo by Brooke Cagle on Unsplash

How Business Can Support Refugees

This post was written by Ryan Forman ’19

All around the world, refugees are being demonized for various political reasons. There is overwhelming academic and professional research into how much value refugees are to society. Therefore, civil society cannot help them adjust to their new country alone, but business plays a role in supporting them as well. There are multiple ways in which business can help the current refugee situation, but this article is going to focus on two key methods.

The first way that business can help refugees is by investing in refugee-owned/founded businesses. Research shows that refugees are more likely to hire fellow refugees. Because of this investment, businesses can support more than just one refugee; they can help many others get hired as well. One example of an impact investment organization that specializes in investing in refugee-founded businesses is the Refugee Investment Network (RIN). The RIN works to help move private capital to investment in financing of companies that benefit both refugees and their host communities.

An additional way that business can help refugees is by advocating for them in the workforce. Advocating for refugees could be businesses partnering with both governmental and non-governmental organizations that will help individuals get the skills that they need to be more competitive in their local job market. Ernst & Young (EY) in Germany have gone above and beyond in how to support refugees. EY Germany states, “Through EY Cares, the team got funding for a language-learning app, developed by an employee of EY Germany. The team has also supported Kiron, a social start-up providing higher education to refugees, and it has launched a pilot internship program for 10 refugees across EY Germany.” There aren’t many examples of this in the United States, but there is a similar situation here in Burlington at Rhino Foods. Advocating for refugees could be looking at leveraging their past skills to hire them for similar roles in a business that they did in their former country. According to Rhino Foods, “The cultural diversity at Rhino exposes us to each other’s favorite foods, traditions, and life experiences.” Currently, refugees make up 37% of Rhino Food’s workforce.

In our Entrepreneurship class, my group has proposed creating an incubator that would help address both of these methods to help refugees. We think that an incubator, that supports both investment in refugee-owned businesses and partnerships to help refugees get the skills they need to become competitive in their local markets, is a needed organization. I would certainly like to see more organizations place such an emphasis on, as RIN has described, “the greatest social challenge of our time.” Refugees are a boon to the local economy, and it is time for business to empower them.

Photo by Perry Grone on Unsplash

Shake it Up

This post was written by Elissa Eggers ’19

“In a gentle way, you can shake the world.”

I first encountered this quote by Gandhi on Pinterest last fall, when I was beginning the grad school application process. I found it to be a comforting reminder that although my aspirations were large (telling people you want to save the planet can result in a lot of blank stares), I could find a way to make an impact on my own terms. While, I’ve never been a particularly loud or forceful person, I’ve never lacked conviction. Ultimately, I knew that because I would probably never be the person leading a protest or going door-to-door, I needed to find the avenue that best allowed me to use my interests and abilities to bring about change. This is what drew me to The Sustainable Innovation MBA. I knew it would hone my current skill-sets, provide me with the tools needed to make an impact, and expose me to avenues for change I didn’t yet know existed. In this regard, the program has most certainly not disappointed.

All of our choices have an impact. The key is figuring out in what ways, whether big or small, you can make an impact that is authentic to you.

In the mere 3 months (could it really have only be 3 months?) I’ve been in the program, I’ve met an incredible collection of human beings and been exposed to a plethora of new ideas and viewpoints. The real trick though, I’m learning, is remembering to look up and maintain perspective while trying to take in all this new information coming at you. This program is, without question, fast moving and its relentless pace can cause you to become stuck in the weeds as you focus on checking off the ever-growing collection of deliverables on your to-do list. I’ll admit, this has been me for the past few weeks. I’ve fallen down the rabbit-hole of cost models, business plans, and organizational behavior. However, my drive home from Burlington for the holidays mixed with the magic of Pinterest in periodically resurrecting old, previously viewed pins, provided me with some much-needed perspective.

My background is in retail management and I came into this program to learn more about how the product life cycle (specifically related to clothing) can become more circular as well as how to shift consumer behavior. With Black Friday and the holiday shopping season soundly upon us, I can’t think of better time to reground in why I started along this journey in the first place. What we buy matters, and how we use it can matter even more. All of our choices have an impact. The key is figuring out in what ways, whether big or small, you can make an impact that is authentic to you.

So, my question for you this holiday season and beyond, is how will you shake the world?

Photo by Fancycrave on Unsplash

The Role of Business in Combatting Homelessness

This post was written by Chris Hynes ’19

Homelessness is a topic that is rarely talked about as a major issue in the realm of business, but in the light of sustainable innovators, there is a major opportunity to make a difference in improving the homeless issue that is rising in America.

With the increasing gap in the distribution of economic wealth in the United State along with the increased cost of living, the poverty line is growing, which is putting the former lower middle-class families in extreme risk of becoming impoverished and economically unstable. If intervention is not taken soon, then there is a huge likelihood that the homeless population in America will increase.

Business has a unique opportunity to aid families and individuals that are suffering from homelessness and empower them in so many ways to move out of their current situation and into a more stable environment. In order to do this, businesses need to take a more social approach and become more socially conscious.

There needs to be more than simply non-profits helping marginalized individuals and families. Non-profits combat homelessness as much as they can, but finding employment opportunities for individuals whose barriers to entry into the workforce are much more skewed than the “normal person” who is applying for a job, is not only difficult, but in most areas, almost impossible. This is due to the fact that a lot of businesses are focused on economic success (which is needed), but lack a genuine social mission.

People generally think that public policy can fix this, but in reality, most government aid is focused on getting people suffering from homelessness off the streets and into housing as fast as possible. Think about it for a second — once a person leaves a homeless shelter and is gifted an apartment, bills begin to pile up. Without a job that is constant enough to provide economic stability, the individual has an extreme risk of falling right back out onto the street. This, in short, is an example of how cruel the poverty cycle is in America.

Now, if there were businesses that were focused on social well-being and provided an empowering job opportunity, then this cycle could be closer to being broken. Having a core competency around inclusive hiring will engage new stakeholders, as well as boost the overall impact that a business can have on a community.  I challenge everyone who is reading this to think more critically about the true impact that their business could be having on a social impact level.