Female accountants feel gender prevents success
Female accountants feel gender prevents success – but salary gap is shrinking
Half of female accountants consider their gender to be a barrier to success in the workplace, compared to just 12% of men
The average salary for female accountants is currently 81% of the average male salary, up from 77% in 2010
Less than 14% of UK board members in Big 4 firms are female
More than half of female accountants feel their gender restricts their success in the workplace.
According to research by accountancy and finance recruiter Marks Sattin, more than half of women (51%) feel their gender is a barrier to career success. This compares to just 12% of men who feel their gender restricts their ability to achieve promotion and receive salary increases.
But the disparity between male and female salary in the accountancy industry appears to be shrinking. According to the ONS’ Annual Survey of hours and earnings, female accountants earned an average salary of £32,080 last year, while men received £38,500, meaning women were paid on average 81% of the male average salary. In 2010, female accountants were paid £32,120, which represents just over three quarters (77%) of the average salary of £41,700 paid to men.
Dave Way, managing director of Marks Sattin said: “The accountancy industry must be proud that the gender pay gap is being narrowed, but the fact that women working full-time are still receiving a fifth less than their male peers reminds us all of the vital work that needs to be done to ensure female accountants operate on a level playing field.
“Received wisdom has been that pay disparities have been because female employees are generally less willing to demand pay rises from their employer. But the narrowing of the pay gap over the last year demonstrates women are increasingly aware they shouldn’t settle for smaller salaries. The lesson for those who think their gender is preventing them from enjoying career success is to consider the opportunities available elsewhere”.