Women in Financial Services
Gender Pay Gap Reporting – April 2019 What the numbers tell us?
Mark.Freed / 14 May 2020
Gender Pay Gap Reporting – April 2019
What the numbers tell us?
A selection of Corporate and Investment Banks & Asset Managers - The Gender Pay Gap Over Time
Of the 61 firms in our report
- 27 firms (almost half) had proportionately fewer women in top quartile wage earning roles in April 2019 (or April 2018 for those that have not reported) than they did in April 2017
- BNP, Citi, Credit Agricole, Jupiter Asset Management, M&G, Northern Trust and RBC have not reported 2019 figures by 12th May 2020. The government have lifted mandatory reporting in 2019 due to COVID-19
- Only four firms - Baillie Gifford, Royal London Asset Management, Vanguard & Wells Fargo - are on track to close their pay gaps this decade
- Only seven firms – State Street(2), Scottish Widows, BNY Mellon, Baillie Gifford, AVIVA, Aberdeen Asset Management plus the Bank of England and FCA - have 30% or more of women in top quartile wage earning roles
- Over a quarter (16) of firms have fewer women in the lowest earning roles than men. Perhaps indicating a bias towards men even at entry level.
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