Women working full-time in the financial sector earn 55% less a year on average than their male counterparts, with those in some of the most lucrative areas, such as fund management and futures trading, suffering the greatest disparities, according to research published today.
From the Guardian:
Women working full-time in the financial sector earn 55% less a year on average than their male counterparts, with those in some of the most lucrative areas, such as fund management and futures trading, suffering the greatest disparities, according to research published today.
The report from the Equality and Human Rights Commission (EHRC) also contains further evidence that women struggle to land senior management roles in the City.
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The National Institute of Economic and Social Research found large gender pay gaps “whichever measure is taken”, with full-time female employees receiving 39% less per hour than men.
The pay gap in the finance sector – already under fire for its role in the current recession – is approximately double that for the economy as a whole, both on an hourly and annual basis.
Women working full-time in so-called auxiliary activities, including fund management, stockbroking and futures trading, suffer the largest pay gap in the financial services sector, earning on average 60% a year less than men.
To read the full story, visit guardian.co.uk
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