Month: April 2016

The 50/50 Cass Experience: Equality means business

Melissa Ridley, Modular Executive MBA, 2016 Cass Business School

Melissa Ridley,
Modular Executive MBA, 2016

Gender equality is so equally distributed on the Modular Executive MBA intake that in particular for the women on this learning experience it is being felt literally as a breath of fresh air. Women from all walks of life and professional backgrounds have signed up to the arduous and rewarding journey ahead to grow their potential.

My fellow classmate, Clair, had just come back from the United Nations (UN) for the 60th Committee on the Status of Women (CSW60), flying back into London directly to attend the induction weekend. The theme for this year’s CSW is women’s empowerment and sustainable development. Two weeks are dedicated to bringing Government delegations and NGOs together from most parts of the world to address women’s human rights.

It was the first session of the commission on the Status of Women since the adoption of Agenda 2030 with its 17 Sustainable Goals, including SDG 5 conference on Gender Equality, which took place on 1 January 2016. An ongoing part of this work has involved The Women’s Empowerment Principles (WEPs) (www.weprinciples.org) which are a set of Principles for businesses offering guidance on how to empower women in the workplace, marketplace and community.

The Principles emphasise the business case for corporate action to promote gender equality and women’s empowerment and are informed by real-life business practices and input gathered from across the globe. The Women’s Empowerment Principles seek to point the way to best practice by elaborating the gender dimension of corporate responsibility, the UN Global Compact, and businesses role in sustainable development. As well as being a useful guide for business, the Principles seek to inform other stakeholders, including governments, in their engagement with organisations.

Clair says “From the UN to Cass, the induction has been an empowering experience as a woman who deals with inequality in the workplace to see reflected in my cohort the 50/50 experience. The initial experience has felt balanced, productive and supportive, it was fascinating for me to hear the men on the course in initial conversations saying how much they sought out having a female manager in their workplace, as they often had a positive, growing and nurturing experience which had helped them to develop professionally. In this balanced gender cohort experience, I can truly say a he4she climate has been achieved”. 

Clair Rees, Modular Executive MBA, 2016

Clair Rees,
Modular Executive MBA, 2016

More than 1190 business leaders around the world have demonstrated leadership on gender equality through the Women’s Empowerment Principles (WEPs).  The Cass MBA has pinned its gender equality flag to the mast showing true signs of business leadership with the cohort gender integration we are proud to be a part of within its innovative history as executive students.

In the UK the Government under the leadership of Nicky Morgan – Minister for Women and Equalities in collaboration with the select committee on Women and Equalities has currently launched an inquiry on Women in Executive levels. The scope of the inquiry seeks to address significant under-representation of women in executive levels. For example, less than 10% of FTSE 100 companies have a female CEO. It will look at 1) The situation for women in senior roles 2) The barriers to women achieving senior positions 3) The measures being taken by organisations to improve the situation & 4) Actions the Government should take in this area.

“I have experienced that the City is a great place for women to start their careers”

But what is it really like for the working woman of today?

Today, women make up 60% of junior managers, 40% of middle managers and 20% of senior managers and I have had the fortunate experience of working with the City for the last handful of years. I have experienced that the City is a great place for women to start their careers and I experienced a place of evolution from long standing institutions opening their doors and welcoming female CEO’s to a place aligning their HR strategies to incorporate the modern working woman. The city is such a hub of activity for networking, with networking accounting for nearly 80% of the succession of business we do today, networking brings benefits such as future opportunities, advice, engagement and inclusion into the business world the value and importance of women at such events should not be underestimated.

However it cannot be overlooked that there is still some challenge ahead to attract talented women to leadership roles. Research shows that only a third of ‘top’ jobs are currently filled by women in the UK. By 2018 UK Government has pledged that all companies with over 250 employees to disclose their pay gap of which statistics suggest is still at a large 19%. Bonuses will be included in the figures to make sure a light is shone on pay disparity in City firms, where there is suspected to be a particular problem with pay inequality.

Of course transparent reporting of pay at every level will tackle the glass pyramid that stifles potential and productivity in business however there is some apprehension from those that believe such disclosure could encourage large loss claims on equal pay in a sort of ‘ no win no fee’ type culture. However critics to this would say why this should be an issue with the Equal Pay Act firmly embedded.

But from the offices of the City into the classrooms of Cass it has been a fantastic to see their response to the evolving changes of the market. In particular the society correlated by Cass to address some of the challenges faced above. I am proud to be part of this year’s 50/50 cohort, one of my main drivers for choosing Cass was its level of diversity and it has been engaging and refreshing to see this work throughout my cohort.


Visit our website for details about our Full-time and Executive MBA programmes or our various scholarships for women in business. Alternatively you email our MBA recruitment team at cass-mba@city.ac.uk.

cassmbalondon.com

Our guide to improving your MBA scholarship application

We understand that deciding to do an MBA is a huge investment. Not only with your time, but also financially and for many, the dream to pursue an MBA depends upon monetary support. At Cass, we are proud to offer scholarships of 50% for our Full-time and Executive MBA programmes, for strong candidates who demonstrate excellence in their field of work, diversity and a commitment to the MBA.

It is important to note that the scholarship process is an extremely competitive one and to succeed, your application must be carefully planned and thought out. See my expert tips to success below, to ensure your application stands out from the crowd;

 

1. Be an early bird

To be considered for a scholarship at Cass, you must have submitted a full and complete application for the MBA programme of your choice. A completed application includes your references, so it pays to be organised and to leave yourself enough time to plan ahead. If you are applying for the Full-time MBA, you must also have your GMAT score (and IELTS if a Tier 4 visa is required) by the deadline. As scholarship funds are limited and competition is high, being prepared is paramount to your success and submitting your application as early as possible will give you the best chance of securing a scholarship at Cass.

2. Develop your strategy
I really can’t stress this point enough and is something that many will neglect when looking to apply. Having a well thought out plan can be the difference between a successful or unsuccessful scholarship application. While we have a diverse range of scholarships available, you are only able to apply for a maximum of three. It is also important to remember here, that you will only be awarded one of the three scholarships you have applied for. If successful, we will award the scholarship we consider most suited to you.

When choosing the three scholarships you are applying for, look for the ones that best fit your background and expertise. Being strategic with your scholarship application will increase your chance of success.

3. Sell yourself

Sell your experience to us. This is your chance to shine and to show us why you are the best candidate for a scholarship at Cass. Remember that you will be facing competition from people in your industry and with similar backgrounds, so it is imperative to stand out from the crowd. Think about what makes your profile unique, have you excelled academically or professionally? Also, what gives you the competitive edge over someone else? It also helps to do your homework about the programme, to understand what you can bring to Cass and why you would be a good ambassador for us during and after completion of your MBA.

4. Do your research
As a Recruitment Manager for the FTMBA and EMBA programmes, I am here to help you manage the application process and offer advice and guidance. If you haven’t already done so, I would strongly recommend you to arrange a one to one with me or with one of my colleagues before you submit your application. This can be perhaps the most significant, but overlooked step in the process. We are here to guide you in the right direction, so get in touch today and we look forward to steering you towards scholarship success.

 

We are currently accepting scholarship applications for our Full time and Executive MBA programme. Full time MBA Scholarships  will remain open until the 17th April, while scholarship applications for the Executive MBA programme have a deadline of 8th May.


 

Ana Quinas, Full-Time MBA Recruitment Manager
cassmbalondon.com

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