Women working in the City expect to receive a bonus that's half of what is being paid to their male colleagues according to a new report. Recruitment firm Astbury Marsden found that female staff are anticipating payments of around £16,240 compared to £32,800 for men.
The gap is predicted to be even wider at senior levels, with female directors and other executives expecting an average bonus of £25,800, almost half of the £50,300 expected by their male counterparts.
The managing director of Astbury Marsden said this could be down to men filling the commission earning jobs: "The reality is that the sectors where there is a high reward culture are still male dominated with women often making up a larger proportion of the non-commission earning side of businesses such as HR or marketing.
"Trading floors for example, have a reputation for being largely a male environment and many women can be put off from applying to these types of roles."
London's reputation as a world leading financial centre is expected to be damaged with news emerging that two former employees of a major US bank are set to be arrested this week for fraud.
The pair are suspected of concealing a 4 billion pound trading loss from JPMorgan's UK base in Canary Wharf.