Wage differences by gender: Evidence from recently graduated MBAs

In this paper we use data from the London Business School of measure differences in outgoing salaries of male and female graduates with a Master's in Business Administration degree. This is a relatively homogeneous population of individuals with very similar educational backgrounds, limited work histories, and who enter very similar jobs upon completion of their degree. Controlling for differences in individual characteristics as reported on application forms, we find that the starting salaries of women are approximately 8.6 percent less than men in identical occupations.