Women in Financial Services Blog

Gender pay gap hits 91% for financial services workers earning more than £1m a year

Gender pay gap hits 91% for financial services workers earning more than £1m a year

Mark Freed / 14 May 2018

Reported in The Independant - Read the full article

The gender pay gap is 91 per cent for people earning £1m or more annually in UK financial services companies, and it is getting wider, new research reveals.

The average gap between what men and women are paid in the financial services sector is 22 per cent, and 46 per cent for bonuses, while the average gap for the UK overall is 9.7 per cent.

Employment law specialists Fox & Partners said the pay gap for top earners in financial services is widening, and added: “The prevailing reason for this disparity in pay is a much higher proportion of men than women in senior roles in the UK financial services sector.”

 

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