independent

Monday 21 April 2014

Male accountants paid €20k more than female counterparts in Ireland

MALE accountants in Ireland are paid almost €20,000 more than their female counterparts, according to new research.

Accountancy recruiter Marks Sattin found that the average salary for a male accountant in Ireland is €67,757, compared with average female pay of €48,376.

This gap of €19,381 has increased by €2,610 in the space of just a year, as women’s pay rises in 2013 (3.1pc of their salary) reached just half of those achieved by men (6.4pc).

Even in the first two years of their career, when accountants are classed as newly qualified, there is a gender pay gap of €8,357 due in part to a larger proportion of male accountants entering higher paying sectors such as financial services.

After 10 years of post-qualification experience, the gap between average salaries opens up to €25,929.

“The widening pay gap is pretty gloomy news for the accountancy profession as a whole. It suggests that women aren’t receiving promotions at the same rate as men and are not entering the higher paying sectors. It is vital to address why and when this disparity starts to prevent the financial services sector profession from losing out on potential top talent” said Dan McKeown, associate director at Marks Sattin.

Men were also found more likely to receive a bonus (51pc compared with 36pc), while the value of male accountants’ bonuses was also generally higher. The research estimated that average male bonus is €9,283 and the average female bonus is €5,902.

But despite this large pay gap, job satisfaction between the genders was still found to be comparable - at 59pc for men and 58pc for women.

This is possible due, the recruiter said, to the fact that female accountants were found to be more motivated by achieving a work/life balance. Some 29pc of men left their last job for a higher salary, the study found, compared with 24pc of women. In contrast, 15pc of women last moved to improve their career/life balance compared with just 10pc of men, while 11pc moved for an easier commute compared to 4pc of their male counterparts.

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