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Male/female accountant pay gap narrows

THE PAY GAP between young male and female chartered accountants is narrowing, according to ICAEW research.

The average basic salary for female chartered accountants under 30 is now 97% of their male counterparts, compared to 92% last year.

Sharron Gunn, director of the ICAEW’s commercial department, said: “The closure of the gender pay gap is a positive step. ICAEW programmes such as Women in Leadership and the Financial Talent Executive Network (F-TEN) recognise the need for more females to drive successive planning, career development and ultimately, business growth and performance. An equalling of pay is just one part of this change.”

ICAEW accountants with more than 20 years post-qualification experience saw an increase in average pay, to £105,000 from 103,300 – the only band to see an increase in the last year.

More than 6,000 accountants were surveyed in February. The survey was in association with Stott and May.

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