By Quentin Fottrell
One profession is lagging when it comes to women’s pay, but it’s not tech. Female personal financial advisers make little more than half (56.4%) of men in the same job, compared with 83% overall, according to a recent analysis by the Institute for Women’s Policy Research, a Washington, D.C.-based research organization. (Critically, that does not account for women who are missing from senior roles in Silicon Valley and, instead, compares men and women who are in similar jobs.)
“Each week, women financial advisers on average make $760 less than their male colleagues,” says Ariane Hegewisch, program director for employment and earnings at the institute. It is “ironic” that an industry focused on helping people achieve financial security has one of the biggest gender wage gaps, she adds. (The National Association of Insurance and Financial Advisors, an industry group, was not immediately available for comment.)
