Gender and career barriers
Women have made massive progress in the world of financial services over the past 50 years, but there is still some way to go before equality is achieved. While access to the profession has been broadened significantly, the industry has struggled when it comes to creating gender-parity in the boardroom. The government has actively been seeking to remedy this situation, and initiatives have included calling for bonuses in the sector to be linked to gender-equality targets.
There is also a gap in earnings between men and women working in the industry. Recent research from Marks Sattin found that women in the industry earn £17,000 less than their male counterparts per year. According to the findings, the total remuneration for a typical female accountant stands at £67,680, while men take home an average of £84,970. Female accountants also bring 37% home less than men in bonuses each year, with men averaging a bonus package of £13,080 and women £8,260.
The starkness of the gulf means that firms and in-house teams must ensure they have clear policies which ensure women are just as encouraged as their male colleagues to excel in their careers and they realise that opportunities are equally within their reach. More diverse organisations are better-suited to meeting the needs of diverse clients and customers, and firms that encourage it will almost certainly benefit in the long-term.
It isn’t all bad news, however. The research found that the gap has been shrinking in recent years – which hopefully means equality is on the way.
Signup to receive the latest discipline specific articles
Related jobs
Salary:
£400 - £500 per day
Location:
London
Industry
Consumer & Retail
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£350 - £450
Job Discipline
Qualified Finance
Contract Type:
Contract
Description
Interim Corporate Finance Analyst for growth business
Reference
SUM183430
Expiry Date
01/01/01
Author
Subhaan MalikAuthor
Subhaan MalikSalary:
£35,000 - £40,000 per annum + Study support & Hybrid working
Location:
City of London, London
Industry
Real Estate
Qualification
Part qualified
Market
Financial Services
Salary
£40,000 - £50,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
This newly created position to join a Global Real Estate Investment firm working on corporate at fund accounting reporting to the Fund Controller.
Reference
BBBH183428
Expiry Date
01/01/01
Author
Thomas SteelAuthor
Thomas SteelSalary:
£50,000 - £65,000 per annum
Location:
City of London, London
Industry
Technology
Qualification
None specified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Data Protection & Privacy
Contract Type:
Permanent
Description
Data and BI Analyst
Reference
BBBH183419
Expiry Date
01/01/01
Author
Ghazal MayahiAuthor
Ghazal MayahiSalary:
Up to £12.98 per hour
Location:
Chesterfield, Derbyshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£100 - £150
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Contract
Description
Marks Sattin are currently recruiting a Finance Assistant for a 6 month fixed term contract, based in Chesterfield.
Reference
BBBH183066
Expiry Date
01/01/01
Author
Yasmin CloughAuthor
Yasmin CloughSalary:
£75,000 - £80,000 per annum + Bonus
Location:
Didcot, Oxfordshire
Industry
Media & Communications
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£80,000 - £100,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Financial Controller - Didcot (hybrid) - £75,000 to £80,000 + Bonus
Reference
BBBH182882
Expiry Date
01/01/01
Author
Neil BurtonAuthor
Neil BurtonSalary:
£60,000 - £75,000 per annum
Location:
Rotherham, South Yorkshire
Industry
Business Services
Qualification
Fully qualified
Market
Professional Services
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Contract
Description
This is a flexible organisation who operate on a hybrid basis. You will be offered a salary of £60,000 - £75,000 per annum
Reference
NH - 183265
Expiry Date
01/01/01
Author
Niamh HellewellAuthor
Niamh HellewellSalary:
£60,000 - £65,000 per annum
Location:
Huddersfield, West Yorkshire
Industry
Manufacturing
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
I am delighted to be working with a large organisation in the industrial / manufacturing sector on their search for a Financial Accountant!
Reference
182911
Expiry Date
01/01/01
Author
Laura GunbyAuthor
Laura GunbySalary:
£27,000 - £30,000 per annum
Location:
Crewe, Cheshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£30,000 - £35,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Credit Controller
Reference
BBBH183413
Expiry Date
01/01/01
Author
Glenn FyfeAuthor
Glenn FyfeSalary:
£60,000 - £75,000 per annum + + pension & benefits
Location:
London
Industry
Investment Banking & Capital Markets
Qualification
Fully qualified
Market
Financial Services
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Contract
Description
FP&A & Regulatory Accountant (6-Month Contract) - Banking - £65,000-£75,000 + benefits
Reference
BBBH183051
Expiry Date
01/01/01
Author
Paul RocheAuthor
Paul RocheSalary:
£80,000 - £88,000 per annum + Car Allowance + Benefits
Location:
Wilmslow, Cheshire
Industry
Technology
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£80,000 - £100,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Deputy Finance Director role for an exciting international technology organisation based out of Wilmslow paying up to £88,000 + car allowance.
Reference
BBBH183253
Expiry Date
01/01/01
Author
Nathan JonesAuthor
Nathan Jones