Tue, 22 May 2012

Women working in financial services in the UK earned on average 21% less than men in 2011, according to the latest ‘Salary and Bonus Survey Report’ from specialist jobsite eFinancialCareers.

The report comes following a survey of 1,743 finance professionals in the UK in the first quarter of this year.

James Bennett, global managing director of eFinancialCareers, says: “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, not only to promote equality in pay, but also to ensure they remain attractive to the best talent, men or women.”

Base salaries increased for half of respondents, down from 60% in 2010, while just under half (47%) saw their salary remain at the same level. This compares to 37% last year.