Just one in eight top roles in the City are held by women, according to a new survey which found that those women who do reach senior positions are in jobs that are traditionally lower paid.
The survey, by recruitment firm Astbury Marsden, found that while the number of women at managing director level had doubled in a year, only 12% of these positions just outside the boardroom were held by women.
The company found that the overall percentage of women working in the City was now 20% compared with 18% in 2012.
But the survey noted that women tended to have non-client facing, non-fee earning jobs, such as human resources – where women hold 60% of the roles – and internal audit.
In the roles offering bigger pay cheques, such as corporate broking and private equity, women hold 19% and 25% of the jobs respectively, according to the survey.
Mark Cameron, chief operating officer at Astbury Marsden, said the research showed that women were reaching higher levels of seniority.
"However, there is also the question as to why the women have a much lower overall representation in some of the higher paid areas of financial services such as positions in corporate broking and stockbroking or positions in private equity," Cameron said.
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