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AIA

Men still dominate internal audit

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16th Apr 2008
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The latest research from audit recruiter Longbridge Search & Selection shows that internal audit remains a male preserve, especially in the city. Within the square mile, women make up just one-on-four of all internal audit appointments. In junior roles, that figures is only marginally better at 27%. Given that seven years ago, statistics show that 49% of all graduates studying accountancy were women, that proportion is particularly low.

“We may be seeing fewer women going for senior in-house roles because of the perceived “City boy” culture of banking,” said Longbridge managing director John Lacey. A further reason might be that men in audit are far more willing to move jobs, he argued.

“Women are more reluctant to move jobs,” Lacey explained. “While part of the reason is that women tend to be more settled, apprehension over inequalities in recruitment processes has also played a significant role in holding them back.”

Pay gap

The research also threw up a 5% pay gap between the sexes, with men in audit earning a typical £68,492 compared to £65,189 for women. In junior positions this gap increases to 9%.

While far from ideal, the figures compare favourably with many other professions. On average women in London are still paid 23% less than their male equivalents.

“Compared to the rest of the capital audit is a hot bed of equality,” Lacey commented.

Female internal auditors might be able to draw some consolation from the news that when women do make it to top, they consistently out-earn their male colleagues, taking home average salaries of £87,056 against £86,936 for men.

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