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7-year hitch

20 August 2018

Women in accountancy and finance take seven more years than their male counterparts to reach executive level as they battle with a ‘two-tournament gender system’ throughout their careers.

New research from ACCA compares the career trajectories of men and women in the industry and it doesn’t make pretty reading.

The study found that while the careers of both sexes initially progress at near-parallel speed, the carers of women decelerated in middle management. The prime reasons cited are limited peer sponsorship and a lack of high-profile projects and opportunities. It is this stage of their career that women then take an average of seven years’ longer to progress up to the next tier – the executive level.

ACCA’s Maggie McGhee said: “This research takes a closer look at the ‘confidence myth’, whereby the hindered progression of female employees is attributed to a lack of confidence or appetite to ‘lean in’, which then rationalises or hides the inequalities or unfair dynamics in the workplace which are actually at fault.”

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