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26 Feb 2010
The pay-gap between male and female accountants over 45 has stretched to 60%, a new study has found.
The average basic salary for a male accountant over 45 is £98,400, while their female colleagues’ average is £60,500, according to a Career Benchmarking Study released by the ICAEW and recruiters Robert Half.
This difference increased in the past year, with women aged 46-55 seeing their wages drop by an average of 10% from last year’s figures, compared with just a 1% drop for males.
However, for younger accountants the difference is much smaller. Females under 30 receive an average wage of £47,300 (an increase of 3% from the previous year) while the average male salary is only 4% higher at £49,300 (a decrease of 5% from the previous year).
Michael Izza, chief executive of the ICAEW, 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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Visitor comments Add your comment
misleading headline
Clearly a large discrepancy in pay between males and females for the equivalent position is not good, however your headline is misleading in that it states that female accountants are paid 60% LESS than their male counterparts (i.e 40% of the equivalent male salary) when in fact they are paid 60% OF the equivalent male salary (i.e. 40 % less than their male counterparts); based on £60,500 divided by £98,400 being 61.5% approximately.
You'll be glad to know that the statement beneath the headline is correct in that, according to the average salary figures quoted, male accountants are paid 60% more than their female counterparts; based on £98,400 divided by £60,500 being 162.6% approximately.
Posted by: Andy Blatch, 03 Mar 2010 | 00:00
Female accountants pay
If the females are paid less that may be due their lack of ability to broker a good deal or because they do not appreciate their true worth. Its about time women stopped blaming men for their bad negotiating skills.
Posted by: j watson, 03 Mar 2010 | 00:00
Well, which is it?
Your headline says that females are paid 60% less than men: the tagline is that men earn 60% more than women. These statements don't mean the same thing! Surely an accountancy publication ought to know that?
Posted by: David Whiscombe, 03 Mar 2010 | 00:00
Well spotted, Mr Blatch
I'm an accountancy student, but failed to notice the difference between the two statements in the headline. Thanks for the clarification -- very sharp!
Posted by: Chris, 03 Mar 2010 | 00:00
The real reason men earn more.
The real reason men earn more than women, is nothing to do with technical or personal skills. It's to do with the fact that women have to give birth, and those months off they have, are often punished by decreased chances of promotion, and an apparent "lack of commitment to the job"
Men of a certain age put pressure on women not to have children, because they are of a generation where the mothers were at home. This is totally unfair in work, as men can carry on working, and still have children young, with their young wife who stays home. This is not an option to women, and instead of being punished for it, they should have the same chances as the men.
This is a generation trend though, and these moronic, fat cat idiots are rapidly retiring or dying out, women will soon be completely equal.
Posted by: James, 08 Mar 2010 | 00:00