Women in the UK in the banking and finance industry are paid 9.3 per cent less than men working in a similar position, according to PwC’s annual Women in Work Index report published in February.
The report assesses progress made towards achieving gender equality at work across 33 countries from the OECD. Considering the “gender pay penalty” by industry, the gap in banking and finance is higher than the 7 per cent average across all industries, but lower than in areas such as manufacturing. The data is from the Annual Population Survey 2021 and 2022, which includes household level data rather than company data.
