What industry has the greatest pay disparity between genders? If you guess the financial advice industry, you’re a winner. The gender pay disparity (GDP) between male and female financial advisors is a whopping 60 percent. These are men and women working at the same job, with the same level of education and years of experience.
Natasha Lamb, a managing partner and co-founder of the Boston-based firm Arjuna Capital, says she was shocked to find out her own occupation has such disparity. Lamb has led the way in addressing GPD. This year alone, Arjuna Capital has filed nine GDP shareholder proposals at major financial institutions. So far, six of the nine – Citigroup, Bank of America, Wells Fargo, Bank of New York Mellon, Mastercard and JP Morgan – have agreed to address GDP and make salary adjustments.
