The recession has caused many individuals to re-think their career strategies, as many companies are reluctant to hire new workers due to budget constraints.

Recently, analysts have found that more women are pursuing MBA degrees as a way to combat the recession, according to Forbes. In 2007, women received 44 percent of MBA degrees, up from 39 percent a decade earlier.

Deirdre Leopold, an MBA admissions director, told the news provider that in addition to getting background in sectors such as finance, women are turning to MBA programs in order to work in nonprofits or start entrepreneurial endeavors.

Some women are deciding to pursue MBAs because they want to have options in the workforce and believe that an MBA degree will help give them credentials for a number of fields.

"In the event I want to go into consulting or another sector in the future, having an MBA will broaden my career options," Candace Langston, who is pursuing an online MBA degree while holding a full-time job, told the news provider.

According to the Bureau of Labor Statistics, MBAs have a higher chance of employment compared to bachelor's degree holders.