Only 6 per cent of managing directors in the City of London are women, showing the continued existence of a “glass ceiling”, new research has shown.
Recruitment firm Astbury Marsden said commodity trading and corporate stockbroking were among the least gender diverse sectors of financial services, with up to nine out of ten senior posts held by men.
The study among 1,200 employees found that some financial services businesses had a high proportion of senior women staff.
Female City workers generally worked shorter hours, mainly because they juggled their job with childcare arrangements.
Mark Cameron, of Astbury Marsden, said: “The challenge for many women is that it is difficult to progress in an arena where long hours are often expected.”