Word: mawn
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Dates: during 1990-1999
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...Marilyn Mawn is a young wall Streeter most leading business schools would love to call their own. A Cornell graduate who relishes the intensity of her 80-hr. weeks as an analyst at Bear Stearns in New York City, Mawn, 25, has three years of experience in the financial industry, a head for closing major deals--and absolutely no plans to go to B school...
...that she didn't give it some serious thought. Mawn researched the best financial-real-estate programs, sent away for applications and took a prep course for the Graduate Management Admissions Test. But after seeking advice from senior woman executives in her company, including some with M.B.A.s, she decided to forgo the degree...
...considered the opportunity cost," says Mawn, one of five professional women in an office of 50 people. She figured she would be giving up two years' income and experience, spending an additional $100,000 on education and not gaining enough to justify it. "I realized I would probably get more out of two years of work," says Mawn. "I've also watched my older sisters juggle law careers and new babies, and I'd rather have the option of taking that kind of time off in five years...
Whether female candidates for the top business schools are opting out because of a feeling, like Mawn's, that they are better off with the work experience, or because of family considerations or a distaste for the business-school climate--or business in general--the fact is that they just aren't going. Women account for only 29% of those in the country's top business schools, and it's been that way since 1994. Meanwhile, other professional-degree programs are educating women in impressive numbers that continue to rise. Women made up 46% of first-year law students...
Returning Players to Watch: Al Rosier (TB), Neal Martin (FB), Jay Fielder (QB), Chris Mawn...