Half of women in banking sector believe they face gender barriers

Nearly half (48%) of women working in the banking industry believe they face career barriers because of their gender, according to new research.

Over one third (36%) of men agree with these findings revealed by the Institute of Leadership & Management (ILM) in the Women in Banking report.

The study, sponsored by the Royal Bank of Scotland, is based on in-depth research with over 800 men and women working across the banking sector. At a junior level, 38% of men and women acknowledge there are barriers to female career progression, and this figure rises to 65% for women at a middle management level.

Charles Elvin, chief executive of the Institute of Leadership & Management, says: “At a time of intense scrutiny, our banks need the best and most capable people leading their organisations, irrespective of their gender. Our research shows that talented women are still finding it difficult to reach senior positions.

“Banks can boost the number of women in senior positions by taking positive steps towards strengthening and developing transparent management processes, measuring diversity metrics and better management of flexible working.”

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