Just one in five mid to senior-level jobs in the City are filled by women and only 6 per cent of managing directors are female, research has found.
The survey by Astbury Marsden, a financial services recruiter, suggests women still face a glass ceiling despite efforts by banks and hedge funds to address the gender imbalance.
Women were rarest in commodity trading and stockbroking, in which 91 per cent and 84 per cent respectively of mid and senior-level staff were men.
Rating agencies and regulatory agencies had the highest proportion of mid-level and senior female employees.
“Some financial services businesses are already very progressive employers with a high proportion of women at the top – some score less well,” said Mark Cameron, Astbury Marsden’s chief operating officer…
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But how does the United States stack up against other countries when it comes to said gender equality? According to the 2012 Global Gender Gap Report, released on October 23rd by the World Economic Forum, we’re only 22nd best. writes the Huffington Post. The report ranks 135 countries (which collectively contain over 90 percent of … Continue reading »
London’s financial sector will lay off 13,000 staff in 2013, cutting employment in a key UK economic sector to a 20-year low, as job vacancies also drop in Europe and even Asia, studies showed. Financial firms in Europe’s biggest financial center have laid off more than 100,000 employees since a market peak in 2007, driven … Continue reading »
Roxana Barbulescu and Matthew Bidwell examine differences in the jobs for which men and women apply in order to better understand gender segregation in managerial jobs in Do Women Choose Different Jobs from Men? Mechanisms of Application Segregation in the Market for Managerial Workers on wharton.upenn.edu. The authors develop and test an integrative theory of why women might apply to different jobst … Continue reading »
“We’d all like to think, in 2012, that pay discrimination is a thing of the past,” the progressive activist Joy Lawson wrote in the Huffington Post recently. “But the pay gap still exists, and it’s big: women earn an average of 77 cents on a man’s dollar.” The pay gap is exaggerated, discrimination doesn’t drive it and it’s not … Continue reading »
NO matter how much money and thought the government puts into encouraging students at all educational levels to choose the hard subjects of science and mathematics, it will be tough to overcome the “girl nerd” factor reports The Australian in ‘Girl-nerd’ factor stops women taking ‘boy’ jobs. Joanna Sikora and Artur Pokropek explore gender segregation of adolescent science …Continue reading »
The gender pay gap is the biggest it has been in 10 years, according to new data from Statistic New Zealand. The quarterly employment survey shows the gender gap has increased in the year to September by 1.3 per cent, from 12.85 per cent to 14.18 per cent. Pay Equity Challenge Coalition said it was … Continue reading »
Gender and the Recession in UK | Better outcome for women is the result of a rise of 172,000 in self-employment
Comparing the labour market situation at the outset of the recession with the latest available official data shows that men overall have fared less well than women. By the start of 2012 there were 387,000 fewer men in work (a net fall of 2.4%) than in the first quarter of 2008. By contrast the number … Continue reading »
The Local – German women have to contend with the biggest gender gaps in wages and career opportunities in Europe, according to a new study by the Organisation for Economic Cooperation and Development (OECD). The report found that women in full-time jobs earn an average of 21.6 percent less than their male colleagues. This is … Continue reading »
The report proposes ways to close the gender skills gap. According to the report, this would: increase the gross domestic product (GDP) by between £15 and £23 billion annually reduce the pay and opportunity gap between men and women increase the number of women training and working in science, engineering and technology (SET) alleviate the … Continue reading »
Amid the bleak economic outlook, women in the UK had a little something to smile about just before the festive season got under way. This was owing to the Office of National Statistics’ (ONS) revelation that the gender pay gap had narrowed markedly. Figures showed it had dropped below 10% for the first time after … Continue reading »