Gender Pay Gap Among Chartered Accountants Revealed

Tue, 21 Apr 2009

Male chartered accountants in the UK earn nearly 50 per cent more than their female counterparts on average, although the gender gap in pay is narrowing, new research has found.

A study by recruitment firm Robert Half and the Institute of Chartered Accountants in England and Wales (ICAEW) revealed the average basic salary for a male was £88,200, compared with £60,500 for women.

Bonuses were also higher for men in the profession, at an average of 28 per cent of annual pay compared to just 19 per cent for women.

The study found that men earned more than women across all career stages and the pay gap widened with age.

However, the research indicated that women accounting professionals are starting to catch up. In 2008 male accountants received an average salary increase of 7 per cent, while their female counterparts received an average pay rise of 10 per cent.

Commenting on the figures, Robert Half managing director Phil Sheridan said: "Whilst some of the difference in salaries between genders can be attributed to the fact that the average male accountant tends to be older and longer qualified than their female counterparts, the study does highlight a disparity that needs to be addressed.

"One of the interesting attributes of the current downturn seems to be the narrowing of this gap as the salaries of top earners level off, allowing women to catch up," he added.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.