How Women Succeed in Finance
If you’re a woman thinking of pursuing a finance career, there’s good news and bad news. The good news is you’re likely to make more money than in a traditionally female career. The bad news is, you’re unlikely to make as much as your male peers. “Even though there may not be equality, there are relatively high compensation levels for women in the financial services industry, as compared to totally women-dominated industries such as nursing or administrative services,” says Linda Bergen, former president of the American Woman’s Society of Certified Public Accountants.
How Wide Is the Gap?
While several studies have documented a pay gap between men and women in financial services, researchers disagree over why it exists. A US General Accounting Office study in 2001 found women managers in finance, insurance and real estate earned 76 cents for every dollar earned by their male counterparts.
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