Do Women In Accounting Get the Shaft When It Comes to Pay?
Ed. note: delirious from a cross-country move this past week, AG mistakenly switched around percentages. This has been corrected and she will be meditating on the matter hoping for forgiveness.
A recent Mergis Group survey reveals 47 percent of women in accounting are
less than content with compensation and the always popular with the ladies work-life balance, leaving us scratching our heads wondering who these 47 percent are (we already know plenty of the 53%). If any of you are in that group or know someone who is, please get in touch, we’re desperate to connect with a woman in accounting who actually feels appropriately compensated for her work and redeemed by the challenges of her career while rewarded with a perfect balance of work and family. Seriously. Anybody?
Anyway, the details from the survey if you are still interested:
Women are less satisfied with the progression of their accounting and finance careers than men. Specifically, 60 percent of male workers in accounting and finance consider themselves to be satisfied, as opposed to 47 percent of women.
Women in accounting and finance ranked being challenged (31 percent), compensation (25 percent) and flexibility (15 percent) as the most important factors to satisfaction in their career.
On the other hand, men in accounting and finance ranked compensation (32 percent), being challenged 26 percent) and flexibility (15 percent) as the most important factors to satisfaction in their career.
Mergis breaks down these results further, pointing out that women in accounting and finance are more than generally upset with the challenges and opportunities offered to them. Hey, they don’t say “it’s a man’s world” for nothing.
“Based on the findings of our Women in Finance survey, more than half of the women surveyed are dissatisfied with the progression of their careers and nearly three-quarters believe they face a separate set of professional challenges in comparison to their male counterparts,” stated Patricia Dinunzio, regional managing director of The Mergis Group. “While there are certainly many different viewpoints in how workers in general define career satisfaction and success , it is interesting to note that both men and women are highly likely to recommend the profession to others. One of the greatest take-aways from this survey is that there is a clear need for mentorship programs within the profession. It is our personal and professional responsibility to enable existing and future accounting and finance professionals to achieve their full career potential. Doing so will only contribute to the future development of the profession.”
My 2¢? The profession – and your career – is what you make of it. Mentors don’t just come along and decide to kick down their knowledge, you’ve got to get out there and find one. We don’t need the AICPA to set up play dates with young CPAs and OGs of the industry in order to accomplish this; instead need to take matters into our own hands if we are upset with how things are working out at the moment. In other words, get off your lazy ass and stop expecting everything to be handed to you, go out and get it if you don’t think you have enough of it.
The disparity is greater between generations than the sexes if you ask me but who is asking me?
Full survey results and methodology may be found here. As always, you are welcome to submit your opinion on surveyed subjects in the comments.