Are More Indian Women Pursuing MBAs Abroad?

Synopsis
Key Takeaways
- 42 percent of MBA students worldwide are women.
- Over 6,100 women enrolled in international MBAs in 2024.
- Significant increases in female applications at top institutions.
- Flexible programs are popular for balancing responsibilities.
- Financial barriers are being addressed through loans and new models.
New Delhi, Sep 1 (NationPress) A recent report reveals a notable increase in the number of Indian women opting for international MBA programs. Women MBA students now represent approximately 42 percent of the global total, a significant rise from 28 percent a decade ago, according to findings by Prodigy Finance, a global student loan provider.
The year 2024 has seen over 6,100 women enroll in full-time MBA programs at prestigious universities, marking the highest enrollment ever recorded.
As per the DAAD (German Academic Exchange Service), the population of Indian students in Germany surged to 49,483 during the Winter Semester of 2023-2024, reflecting a 15.1 percent increase from the previous year.
Additionally, applications to Harvard Business School have jumped by 21 percent compared to last year, highlighting a significant shift in academic aspirations.
This trend underscores the determination of Indian women to pursue global leadership and career opportunities, as noted in the report.
“From tier II, III, and IV towns to elite MBA programs abroad, Indian women are demonstrating that ambition knows no boundaries and that impactful change is achievable,” stated Sonal Kapoor, Global Chief Business Officer at Prodigy Finance.
For numerous women, an international MBA represents a crucial step towards attaining leadership positions and accessing global career avenues that have historically been challenging to reach.
This movement also signals a broader commitment: women are increasingly investing in their education, networks, and their potential to drive change.
Reports from the Graduate Management Admission Council (GMAC) reveal that more than half of MBA programs globally are witnessing an uptick in female applications.
Flexible and hybrid programs are gaining popularity as they enable women to balance their professional careers with family responsibilities while pursuing international education, as highlighted in the report.
Despite finance remaining a significant barrier, with the average cost of an international MBA ranging between Rs 40 lakh and Rs 80 lakh, education loans and innovative financing options are making global opportunities increasingly accessible to women.
“Education possesses the transformative power to change lives. By supporting women's education, we are not only enhancing learning accessibility but also empowering them to create a lasting impact in the business realm,” Kapoor remarked.