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Sixty-five percent of women in financial services report that women have to work harder than men to get the same rewards.

Women v. Men: SalariesSixty-five percent of women in financial services report that women have to work harder than men to get the same rewards. Only 13 percent of men agree that women have to work harder than men to get the same rewards.

Three-quarters of women and men in financial services are satisfied with their current positions and employers, according to a Catalyst study, Women in Financial Services: The Word on the Street, released in July 2001.

51 percent of women report that women are paid less than men for doing similar work. Only 8 percent of men agree that women are paid less than men for doing similar work.

42 percent of women and 55 percent of men report that projects and clients are assigned fairly within their firm.

A minority of women (32 percent) and men (43 percent) believe that promotion decisions are made fairly within their firm.

Money is a key reason women enter (67 percent) and stay (61 percent) in the industry. A majority of women and men report that leaving the financial services industry would be too financially costly for them. Women and men agree that if they were to leave, the leading reason would be for more money. In addition, the allure of making a lot of money is the second-most commonly cited reason for joining the industry.

Large majorities of women cite several barriers to women’s advancement in their firms. Most men, however, only cite women’s commitment to family and lack of line or general management experience.

(Source: Catalyst)

 

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