• Register
Return to: Home > News > Slow progress for women in the accountancy profession

Slow progress for women in the accountancy profession

Women in finance and accounting take on average seven more years than their male counterparts to reach executive level, according to research commissioned by the Association of Chartered Certified Accountants (ACCA).

According to the research, the careers of men and women in the profession initially progress at a near-parallel rate, but career progress for women begins to decelerate in middle management.

This is primarily due to limited peer sponsorship and a lack of high-profile projects or opportunities in comparison to men, the ACCA said. It is at this point of women’s career path were it will take an average of seven years longer to progress to executive level, according to The slow path to the top: the careers of women in finance and accounting.

The research found the lack of protection from workplace politics or exposure to higher level executives that male employees are more likely to receive from a more senior sponsor is a cause for the deceleration of women’s career progress.

ACCA’s director of professional insights Maggie McGhee said: “The research takes a closer look at the ‘confidence myth’, whereby the hindered progression of female employees is attributed to a lack of confidence or appetite to ‘lean in’, which then rationalises or hides the inequalities or unfair dynamics in the workplace which are actually at fault.”

Top Content

    HONG KONG NATIONALS: UNDERSTANDING VISA AND TAX WHEN MOVING TO THE UK

    Over 2 million Hong Kongers learned recently that they may soon be offered a route to UK citizenship following China’s introduction at the end of June of its controversial Security Law in the territory.

    read more

    SASB IMPLEMENTATION SERIES: COMMUNICATING ESG TO MAINSTREAM INVESTORS

    As part of a series of webinars, the Sustainability Accounting Standards Board (SASB) took a closer look at how to communicate ESG initiatives and progress to mainstream investors

    read more

    REPORTING AND COMPLIANCE: WHY WE NEED A DATA REVOLUTION

    Commerce no longer adheres to national boundaries: the largest international organisations to the smallest businesses operate in a global market. However, rules for corporate reporting and compliance do adhere to borders, write IMA’s Jeff Thomson and Liv A Watson

    read more

    CORONAVIRUS TIMELINE: REACTIONS FROM THE ACCOUNTANCY PROFESSION

    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.