Save content
Have you found this content useful? Use the button above to save it to your profile.
AIA

Pay gap between male and female accountants widens

by
21st Nov 2013
Save content
Have you found this content useful? Use the button above to save it to your profile.

The pay gap between male and female accountants has increased by an average of £1,000 a year for the first 10 years of their career, according to new research.

After 10 years the pay difference is £26,000, the research from accountancy and finance recruiter Marks Sattin also found.

Male accountants consistently earn more than women, with a gap of £6,433 gap just two years after qualification. By 10 years, the gender pay gap widens to £10,098. Beyond 10 years’ experience, the salary gap between male and female accountants reaches £26,064.

The gap between male and female accountants’ pay in the first 10 years after qualifying increased by £2,028 in the past year. But there are some signs of progress when it comes to the number of women in senior positions in business.

The proportion of women in senior positions among the Big Four firms shows 22% of the European and UK board positions are held by women. This is an 8% increase from 2012.

The findings show the four major accountancy employers are making strong headway to meet Lord Davies’ recommendation that by 2015 at least 25% of board positions in the FTSE 350 should be occupied by women.

“While an increase in female accountants reaching board level is hugely encouraging, a situation where men are continually earning more than women all the way up the career ladder is not healthy for accountancy. Hopefully a more balanced seniority structure will go some way to correct this trend,” the research said.

The research also found that male accountants are more likely to say they are satisfied with their job with 72% reporting this, compared with 60% of women.

The proportion of women feeling insecure about their job is slightly higher than men (30% compared with 28%).

In another recent survey, CIMA revealed that qualified management accountants’ salaries in the UK increased by 13% in 2013 to an average of £60,655, plus £6,055 in bonus payments, according to .

AccountingWEB subscriber, Jim100, was sceptical about whether employers outside London were giving their accountants 13% bonuses.

“Surprised employers are giving 13% increases to accountants when there are still many unemployed accountants and the economy isn't exactly buoyant. Most people would be lucky to get pay increases that cover inflation,” he said.

Tags:

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.