Men in financial services out-earn women by 21%
Women working in financial services in the UK earned on average 21% less than men in 2011, according to eFinancialCareers’ latest Salary & Bonus Survey Report*. When controlling for years of experience, education levels and specific occupations, women finance professionals’ base salary was on average £14,500 less than their male counterparts. When bonuses are factored in, males out-earned females by over £30,000.
James Bennett, Global Managing Director of eFinancialCareers comments: “Despite an increased focus on diversity in the financial sector, our survey shows that women still struggle to get a fair deal when it comes to compensation. Financial services need to do more to narrow the gap, no only to promote equality in pay, but also to ensure they remain attractive to the best talent, men or women.”
May 23, 2012