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08th May 2018

This is the career with the most SHOCKING gender pay gap

This is NOT on.

Katie Mythen-Lynch

The pay gap between men and women in Ireland is ever widening, but choosing one particular career path could leave a female employee making HALF what her male colleagues take home.

The role? Personal financial advisor.

Yes, really.

You may find it hard to believe, but while female personal financial advisors are busy looking after the financial security of their clients, they themselves are likely to be getting stiffed on their own take-home pay ion comparison to the guy at the next desk.

If you’re just starting out in your career, this might shock you: the latest research already reveals a 14.8% difference in the salaries of men and women in Ireland.

However, according to research by the Institute for Women’s Policy Research in Washington, which has been analysing salary trends among men and women for more than 50 years, in 2016, the median weekly earnings of women ‘personal financial advisors’ were only 55.6 percent of those of men’s, corresponding to a gender wage gap of 44.4%.

Ouch.

According to the report, in general “it is the highest paid occupations that have the biggest gender gaps and the lowest paid occupations that have the smallest gaps”.

Still, women’s median earnings are lower than men’s in nearly all occupations, whether they work in occupations predominantly done by women, occupations predominantly done by men, or occupations with a more even mix of men and women.

The Institute is calling for “stronger efforts to ensure non-discriminatory hiring and pay practices, better training and career counseling, and improved work-family supports”.