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Monday, December 6, 2010

Measuring the Mommy Penalty - M.B.A.'s Take Biggest Pay Cut, Doctors the Smallest, Lawyers in-between

NYTimes.com:
"Among highly educated women who take time off from their careers to raise their children, women with M.B.A.’s suffer the largest percentage “mommy penalty,” while those with medical degrees suffer the lowest proportionate loss, with female Ph.D.’s and lawyers falling somewhere in between.

The study found that female M.B.A.’s who have taken off 18 months from their career to raise children suffered a severe income penalty, leaving them earning 41 percent less on average than male M.B.A.’s. Regarding other female professionals who took 18 months off, the study found, female Ph.D.’s earn 33 percent less than male Ph.D.’s, female lawyers earn 29 percent less than male lawyers, and female M.D.’s earn 16 percent less than male doctors."

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