Women Accountants Earn 60 Per Cent Less Than Men

Tue, 16 Mar 2010

New research has revealed that the salary gap between male and female accountants over the age of 45 in the UK has widened to 60 per cent.

According to a Career Benchmarking Study, male accountants over 45 currently earn an average basic salary of £98,400, some 60 per cent more than their female counterparts who receive an average of £60,500.

The research, carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) and finance recruitment firm Robert Half, also found that in the past year women accountants aged 46-55 saw their annual pay drop by an average of 10 per cent from the previous year’s figures, while their male colleagues experienced just a 1 per cent drop in wages.

However, the pay gap was found to be much smaller for younger UK accountancy professionals, with women under 30 earning an average income of £47,300 – up 3 per cent from the previous year and just 4 per cent less than the average male salary of £49,300.

Commenting on the findings, ICAEW chief executive Michael Izza said: "Our studies show that to attract and retain female talent, it is also vital to meet employee expectations regarding career progression and work-life balance."
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