Pay gap persists even in sectors with large women workforce, shows data

Women account for less than one out of eight employees in large companies

A gender divide in pay is not restricted to the most male-dominated industries, as sectors that have a relatively large number of women employees also pay them less than their male counterparts.

The median pay of women is 91 per cent that of men in financial services, according to data from the CFA Institute’s “Mind the Gender Gap” report released in March 2023. It is 79 per cent that of men in information technology. Both sectors have relatively higher participation of women.

“Companies with higher female participation rates potentially have a more diverse workforce, and thus their data are subject