For instance, Becker-Blease and Sohl (2007,isj) show that women seek angel financing at rates substantially lower than that of men, but have an equal probability of receiving investment conditional on searching for funding. Differences in aspirations may also play a role. Women are more likely to be associated with less capital-intensive businesses and less aggressive growth efforts (Kanze et al., Evidence from the United States seems to suggest that this cannot be the entire explanation. Indeed, the representation of women in MBA programmes as well as advanced science and engineering degrees has been substantially higher than their representation in the entrepreneurial sectors for the past two decades. Furthermore, the under-representation of women as venture-backed entrepreneurs is not met by a similar under-representation in other highly-compensated professional fields such as medicine or law, nor in jobs with similar human-capital profiles such as investment banking or consulting.