Men are paid around 30% more than their female counterparts in financial services, the data shows, mostly as a result of what Emolument branded “opaque” bonus structures.
Men working in finance are paid a median average of £96,000 in salary and bonus payments while the average woman in finance earns £67,000.
While it is the largest pay gap when compared to industries such as consulting, technology and manufacturing, the percentage of people in finance who believe the gap is an issue is high.
81% of women and 55% of men in finance believe there is a gender gap evident in the amount paid to people in the industry.
Alice Leguay, co-founder and COO at Emolument said: “In most industries, the lack of transparency when it comes to salaries and, most of all bonuses, has precluded victims of the gender pay gap from spotting it altogether.
“However, it is comforting to see that in the worst offending sectors, such as technology and finance, employees of both sexes perceive inequality as an issue, which is a sign it is being addressed.”
She added there is a high chance the gender pay gap could close in the next few years as it becomes increasingly unacceptable to professionals and shareholders.
