Business School To Boardroom: How An MBA Helped These Women Make The C-Suite
Lisa Mayr is CFO at INAP, a cloud solutions service, landing the job after an MBA at Georgetown University’s McDonough School of Business
An MBA from Georgetown University helped INAP CFO Lisa Mayr and Everlane CMO Sophie Bambuck break the glass ceilings of the corporate world and enter the C-suite
If you enter a company boardroom today, you’re most likely to see more men than women.
Women have made significant strides in corporate America, yet they make up only 21% of C-suite positions in the US. Reaching an executive leadership position is no easy feat, but higher levels of education—such as an MBA—can help equip women with the skills and network needed to break into the boardroom.
According to the Forté Foundation, 40% of female C-suite leaders have an MBA. But how can an MBA fast-track your journey up the corporate ladder?
With a record number of women enrolling in MBA programs in 2021, BusinessBecause caught up with two women in prominent C-suite positions to find out how an MBA helped them grow into their leadership roles.
Sophie Bambuck: Georgetown MBA to Everlane CMO
For Sophie Bambuck (pictured), chief marketing officer (CMO) at Everlane, an ethical clothing retailer, studying for an MBA meant learning how a business works from top to bottom.
The curriculum enabled Sophie to learn more about statistics, consumer behavior, and macroeconomics, so that she was able to grasp a general knowledge of how the business world works.
“I recommend the MBA for people who want to enter the world of marketing or finance,” she says. “My MBA was a fantastic transition point.”
Georgetown’s 21-month, full-time program also has over 100 electives to choose from, including Data Visualization, National Security, Coaching and Leadership, and Startup Factory.
Sophie’s time in the MBA allowed her to tap into a far-reaching and diverse network—crucial for career development. Alongside networking with her peers in the program, Sophie joined the Graduate Marketing Association and the Black MBA Association. Through these extracurriculars, she developed her leadership skills by organizing and leading conferences with different speakers.
“Georgetown also had frequent on-campus networking events,” she adds. “You really had the opportunity to connect with the alumni and the Georgetown network organically.”
Georgetown’s MBA program boasts 10,000 alumni across 110 countries. There’s a graduate business reunion at Georgetown every five years, and as an alumna Sophie can network with and recruit former students.
Career fairs also provided excellent networking opportunities. When Sophie saw that Nike had a booth at the Black MBA fair, she took the opportunity to drop in her résumé whenever she walked by. This led to Nike later offering her an internship during her studies, and eventually a full-time role as an associate brand manager.
Over a 13-year period, Sophie’s role advanced to brand director, to senior marketing director, to chief marketing officer (CMO) of Converse, to vice president of Global Brand Marketing for Nike’s Sportswear.
Today, she is the first CMO of Everlane. In this role, she oversees the brand's strategic direction, where she must quickly respond to consumer demand, product, supply chain, and climate.
Lisa Mayr: Georgetown MBA to INAP CFO
Going to business school also means accessing an inclusive environment, where you can meet allies and develop personally.
Lisa Mayr experienced this during her time at Georgetown. She’s currently the chief financial officer (CFO) at INAP, a cloud solutions service. She also heads up the Georgetown MBA Advisory Council’s Diversity, Equality, and Inclusion (DEI) Committee.
McDonough MBA students can attend an annual Focus on Diversity week where they benefit from a range of sessions to gain an insight into the careers and resources available to them. Scholarship opportunities—offered at Georgetown through institutions like the Consortium for Graduate Study of Management, National Black MBA Association, Prospanica, and Forté—also ensure you learn in a diverse environment.
As the chair of the MBA Advisory Council’s DEI committee, Lisa works to improve the diversity of role models, faculty, and alumni speakers in the MBA classroom.
“We don’t have one person that is in charge of diversity, it’s an underlying thing that we do,” she says. “I’ve been CFO four times now, and I think it’s really important that we focus on the same goal and that we all value each other.”
Lisa also believes an MBA can help women boost their confidence. “The obstacles are certainly still around confidence-building and having more female role models,” she notes.
After her MBA, Lisa spent two years working in transaction services at PwC and later at Ernst & Young. She then moved into corporate finance and worked her way up through different roles in investor relations, private equity, and treasury, among others.
“I moved around a lot, company-wise, because I kept receiving new interesting opportunities from my network, which included my Georgetown colleagues,” she says.
Lisa reached her big break when landing a role as vice president of finance at EdTech giant, Blackboard. After the CFO left, she was made the CFO of the organization.
In these roles, Lisa used the experience she’d gleaned at business school to grow her confidence. She went on to work as CFO for two more companies, EVERFI and MicroStrategy, before reaching her final position at INAP.
Despite being at the top of her field, Lisa still faced challenges as a female executive. She recalls going to the Goldman Sachs CEO and CFO technology conference during her time at MicroStrategy and realizing she was the only woman in a room of over 50 people.
“Women still aren’t integrated enough,” she concludes. “It really comes down to allies. When we create more allies, we create more confidence.”
As the number of female business school students continues to rise, so too will the number of women in boardroom positions. It’s critical that MBA programs like Georgetown's continue to expand efforts for female networking, male allyship, and DEI integration in the classroom. These resources will help women gain the confidence and leadership skills necessary to assume their seat in the boardroom—and shatter the glass ceiling once and for all.
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GWU has a diverse student body and a reputation for academic excellence.
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I have had an amazing experience at Georgetown University. The classes are enjoyable, the professors are exceptional, and I feel like I am receiving a worthwhile education. The people and faculty at this institution are extraordinary, and I have discovered my true self while being here. Additionally, I always feel secure on campus, as it is the safest place in town.
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Georgetown is on top!
I've been enjoying this school so far. I wouldn't alter it, despite the fact that the school is on a hill and that it requires a lot of walking to get around it. For minority and first-generation students, there are a ton of services available. Even though the usual dorm rooms are modest, there is still plenty of area for storage. We have a ton of alternatives every day in the dining halls since they provide so many different dishes from so many different cultures
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Georgetown is my second home. The pre-professional counselors are incredibly helpful, and I feel supported and inspired to pursue my aspirations. We are certainly ranked as the top research university in the nation. They place a high priority on the development of the students as well as their physical and mental well-being.
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Wonderful university
Georgetown University is wonderful. The school's amazing diversity is one of its greatest strengths. The athletes are extremely committed to their sport, and the campus is amazing. The dorms are excellent! They are comfortable and spacious. If you ever find yourself bored on campus, you can always go off campus; it's fantastic. You'll never get bored dining in the cafeteria because the food is so delicious on campus.
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The university's academics are what really set it apart; the lecturers are kind and motivating. Although it can be challenging to connect with the majority of students because they are so intense and competitive, social life and student life are what you make of them. It is undoubtedly a very difficult four years that are challenging to get through. But in the end, it strengthens you and provides you with a wealth of knowledge and incredible prospects.
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Fantastic university
Georgetown university is a Fantastic university. The professors are outstanding, there are lots of ways to participate in campus life, and there are numerous groups and organizations where students can get involved. The campus is lovely and always kept clean, and there are people are willing to assist you 24 hours a day whenever you need help.
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Review of Georgetown university
Being at Georgetown university has been one of my best experiences. The Professors are knowledgeable, approachable, and very helpful. You will fall in love with Georgetown because of its daily activities, the vibrant students you will encounter, the food served on campus, and the lush surroundings. The housing and dorms are fantastic. There is no better place than Georgetown University if you’re looking to study, discover new things, make lifelong friends, and have fun!
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Academically challenging institution
Georgetown University is certainly an academically challenging institution, however, if you ask for assistance when you need it, the workload can be managed. Students are happy to assist one another, and most Professor want you to succeed. Student life is vibrant, the location is excellent and everyone here is friendly and welcoming.
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4 Years as an Expat at Georgetown University
Georgetown University provided an exceptional environment for my academic journey as an expat from Italy. As someone who initially felt apprehensive about moving to a new country, Georgetown quickly alleviated my concerns and made my transition incredibly smooth.
One of the standout features of Georgetown is its diverse and welcoming community, particularly for international students. The campus is teeming with students from various corners of the globe, fostering a rich cultural tapestry that made me feel right at home. The vibrant campus life and numerous extracurricular activities offered ample opportunities to connect with fellow students, ensuring a well-rounded and fulfilling university experience.
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Initially enrolled in the College with a desire to major in Linguistics and minor in Art & Journalism, I appreciated the flexibility and openness of the Georgetown education system. After my freshman year, I discovered my true passion lay in Marketing and International Business. The university's seamless transfer process allowed me to transition to the McDonough Business School, where I found the perfect fit for my academic aspirations.
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My experience at Georgetown university
My time at Georgetown University has been an incredibly enriching and transformative experience. From the moment I stepped onto campus, it was clear that Georgetown offers a unique blend of rigorous academics, vibrant community, and unparalleled opportunities.
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Support and Community: One of the standout aspects of Georgetown is the strong sense of community and support. The university fosters a culture of collaboration and mutual respect, creating a nurturing environment where students can thrive. The dedication to student well-being is evident in the various support services available, from academic advising to mental health resources.
