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Careers


The seven-year hitch

Women in accountancy and finance take seven more years than their male counterparts to reach executive level

September 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
careers of women decelerated in
middle management. The prime
reasons cited are limited peer
sponsorship and a lack of highprofile
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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