Manchester has a rich history in helping inspirational women flourish, from the writer Elizabeth Gaskell to BBC North’s current director Alice Webb.
With the continued growth of Manchester’s economy, and the massive investment in the city over the past 10 years (think Media City, the Co-operative Group building, and the Green Quarter), now is the perfect time for ambitious women to progress their careers in one of the most diverse cities in the UK.
We’re delighted to announce the launch of the Manchester Metropolitan Women in Business Scholarship, which we’ve created to give high-reaching women the chance to achieve their business goals and simultaneously help to tackle the issue of gender equality in business.
The scholarship is open to any woman who meets the MBA criteria. The two prizes consist of the following:
- First prize - £6,000 off the full MBA fee
- Second prize - £3,000 off the full MBA fee
Equality benefits everyone
Unleashing the full potential of businesswomen in Manchester will benefit the city as a whole. Companies (across all sectors) that have women on their boards of directors significantly and consistently outperform those with no female representation.
As well as this, having at least one female director on the board appears to cut a company’s chances of going bust by around 20%. Having two or three female directors lowers the risk even more.
Recent statistics have also shown that more than 126,000 businesses in the UK were created by women in 2015 alone, proving their valuable contribution to the UK’s (and Manchester's) economy.
However, there is still a long way to go. In the UK, less than a quarter of FTSE 100 boardroom recruits in the six months leading up to March 2016 were women – the lowest level since 2011. On top of that, fewer than 10% of the three most senior positions at FTSE 100 firms were held by women, compared to nearly a third of less powerful non-executive roles.