Free Site Registration


The Gender Gap in Accounting Salaries

The Institute of Management Accountants quantifies the salary gap between men and women in the accounting profession in its annual salary survey.

The IMA has been tracking the gender gap in accounting salaries since the salary survey began in 1989. The smallest salary gap since then was in 2006 at 80 percent (meaning if women earned $80,000, men earned $100,000). In 2012, the salary gap was 78 percent.

Image from Shutterstock

The dollar-amount salary gap between women and men grew slightly last year (from $25,572 to $26,470), reversing two years of decline.

Source: IMA 2012 Salary Survey, Strategic Finance June 2013

There is no change in the salary gap from last year, breaking a three-year trend of small improvements (0.3 percent to 0.8 percent per year). Total compensation improved 1.7 percent, building on 2011's 0.4 percent improvement. Both gaps returned to approximately 2007 levels.

Image from Shutterstock

57 percent of men have salaries of $100,000 or more, compared to 34 percent of women. The men earning the $100,000+ range increased since 2011 by 3.9 percent, while the women in that salary range grew 4 percent. The proportion of women exceeds men in all categories below $100,000.

Source: IMA 2012 Salary Survey, Strategic Finance June 2013

Advertisement

This year, the percentage of women receiving additional compensation fell 1 percent (to 66 percent) while for men it rose 6 percent (to 77 percent of all men). The amount of women’s average additional compensation for 2012 improved to 57 percent of men’s, from only 43 percent last year. That means that the amount of additional compensation women received increased more than the additional amount men received – $5,000 versus $1,400.

Image from Shutterstock

Women participants in the survey were, on average, three years younger than men, 5 percent less likely to hold an advanced degree, 9 percent less likely to hold a certification, and less experienced than men in the field in their current position and with their employer. These differences are similar to last year, though men are two years older and have two years more experience than reported in 2011.

Image from Shutterstock

As in prior years, higher proportions of men occupy the top- and senior-level positions. Women increased to 36.3 percent in middle management after two years at 32.6 percent.

"The professional opportunities for women accountants are very strong. In my accounting classes, women now outnumber men. It wouldn't surprise me to see the salary gap close very rapidly in the next three to five years."
--Kristine Brands, CMA, assistant professor at Regis University, member of the IMA Global Board of Directors

Advertisement

In 2012, slightly more women reported salary increases than men (75 percent compared to 73 percent), but women’s salary increases were smaller than men’s ($4,754 compared to $6,083). The average salary and average compensation for women is lower than for men for every age category. The only time women’s compensation was higher than men’s was in 2004 for the 19-29 age category.

Average salary for women is less than men’s at each level, which has not changed since 2011.

The household income of married men is greater than that of married women ($182,404 v. $168,966). The household income of single-income men is higher than that of single-income women ($177,159 v. $130,566).

Source: IMA 2012 Salary Survey, Strategic Finance June 2013

Advertisement

To learn more about the IMA's Annual Salary Survey, please visit the IMA Web site.



More Taxpayer Misconceptions

Apparently, there’s no end to the ridiculous things taxpayers believe

View the slideshow >>


Dumbest Employee Excuses for Being Late

Running a little late could have big repercussions, especially at a firm in the midst of busy season. From escaped zebras to must-see TV, employers told CareerBuilder some of the most memorable excuses they've heard from tardy employees.

View the slideshow >>


Common Taxpayer Misconceptions

The NAEA’s collection of ridiculous things tax clients believe

View the slideshow >>


The 10 Fastest-Growing Firms in the U.S.

The firms with the highest 2013 revenue growth in our Top 100 Firms/Regional Leaders list

View the slideshow >>


Top 10 Tech Trends for 2014

As companies gain more affordable access to new technology and platforms, they also seek to make smarter investments. As we begin 2014, James Cashin, partner at McGladrey, has identified 10 common strategies in how companies are capitalizing on their IT investments to best implement process improvements and increase performance.

View the slideshow >>


Most Unusual Sales Tax Changes Last Year

The Tax & Accounting business of Thomson Reuters has compiled its annual sampling of quirky sales tax changes passed or implemented in 2013.

View the slideshow >>


Strangest Tax Deductions

The Minnesota Society of CPAs recently conducted its annual CPA member survey about the most strange and unusual tax deductions proposed by clients. The responses included everything from pets and wedding rings to gifts not given.

View the slideshow >>


A Taxpayer Bill of Rights?

The Taxpayer Advocate proposes a list of rights — and responsibilities

View the slideshow >>


The Top Stories in Accounting in 2013

Our editors’ picks for the biggest stories in accounting in 2013

View the slideshow >>


10 Ways to Attract Talent and Show Off Your Firm’s Assets

Is your firm attracting the right kind of candidates—or any candidates? Dawn Wagenaar, a principal at the accounting and professional consulting agency, Ingenuity Marketing Group, offers 10 ways for firms to attract the hottest talent.

View the slideshow >>



Advertisement

Advertisement

Advertisement

Advertisement