RegulationAccounting StandardsMale accountants paid 60% more than women

Male accountants paid 60% more than women

Male accountants over 45 earn 60% more than female counterparts, study reveals

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.”

Further reading:

Read
the benchmarking study

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