Banking gender gap: Women lose out on bonuses and promotions

Women in banking get paid lower bonuses and take longer to reach the highest echelons of the industry new research published has revealed.

Despite growing efforts by Government, shareholders and trade unions to improve the perception and treatment of women in banking there is still evidence of a significant gender gap.

The greatest difference between the sexes is in bonus payments. While men and women working in a bank's mergers and acquisitions department both now earn the same base salary of £160,000, the man receives an average bonus of £140,000 - £29,000 more than the female average of £111,000.

This article was published in Evening Standard, 7th March 2016