Research conducted by the BNZ and the Financial Services Institute of Australaisia (FINSIA) shows that 70% of women in the industry aren’t convinced that there is transparency or fair pay between men and women. Over a third thought they were treated differently from their male colleagues and in associated social and work-related activities.
The two organisations launched the Women in Financial Services forum last week to get more women in senior, middle and executive roles in the banking sector.
Women in finance are right to feel that there’s something funny going on when it comes to their pay – because there is almost certainly a large difference between men and women’s pay rates in the sector. In Australia, industry breakdowns show that the gender pay gap in finance is a whopping 31.3%, nearly twice the national average.