Word: grayed
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Dates: during 1990-1999
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...Katie Gray, 30, is finishing her first year of business school at Stanford University; she is eight months pregnant. Gray had been married for three years when she told her husband that she wanted to move from their home in Washington to go to business school in California. "It was a really tough decision for both of us," Gray says. "He was on track to become a partner at a firm in Washington. He didn't want to pick up and move, and I don't blame...
...schools are increasingly choosing applicants with more years of work experience. In the late 1980s the average business-school student was 24 years old; now the average age is 29. "For lots of women, this is a time when they're making decisions about family and marriage," says Gray. "People are in committed relationships, and traditionally it's the woman's career that takes the back seat." Gray's didn't, but she did spend her first four months at school on her own, until her husband was able to join her in California in December. Until the research...
...while the jury is out, Aimee Martin is hearing stories from women like Gray every day. A second-year student at Harvard Business School, Martin fields questions for the admissions office from women applicants. "Women call worrying about the timing of having children, debating about whether to leave a successful career. The work/life issue comes up a lot," says Martin, who shuttles to St. Louis, Mo., on weekends to visit her husband, a surgical resident at a hospital there. "It's been a huge sacrifice to be apart," she says of her own case, "but I do believe...
That may all change soon, says Stanford's Gray, who hopes to put her M.B.A. to use for one of those start-ups after graduation. "The bootstrapping engineers are starting to realize that they need some business sense. The venture capitalists are looking for companies with M.B.A.s from top schools on board," Gray says. "I think M.B.A.s will be a big part of success in the new economy...
...Gray is right, she'll be ready. But in the meantime, plenty of other women are banking on a different outcome, one in which a business degree is just an optional detour on the road to success. And in which the B school's loss is the new economy's gain...