Every industry has differing wage gaps, and these discrepancies even exist between different companies. For women in finance, finding the right industry can seem like a fruitless search. After all, with a wage gap of 16.2 per cent (courtesy of the Workplace Gender Equality Agency), are there even any companies that will give you a fair wage?
We're here to point you in the right direction.
10 careers for women to avoid in 2016
In a 2016 report, the Australian National University's Centre for Social Research and Methods' Ben Phillips collated tax data from previous years to determine where the wag gap was bigger (and smaller). The worst careers for women were barristers, financial dealers, electricians and surgeons - as the Sydney Morning Herald's infographic below shows.
While there will always be roles within these career paths that allow women to succeed, the data doesn't lie - some industries have significantly higher wage gaps than others.
4 industries where women earn more than men - but at what cost?
Further down in Phillips' research, a number of careers where women earn more than men are listed. However, they all have significantly lower average salaries than the jobs that men dominate.
Women earn more than men working in roles like bookkeepers, kitchen hands, receptionists and dental assistants.
Women earn more than men working in roles like bookkeepers, kitchen hands, receptionists and dental assistants. The Sydney Morning Herald reported that as of June 2016, the average salary across all such roles was $30,000.
All of which paints a fairly bleak picture so far. However, there are many high-level industries that have made great strides in wage equality, that offer much brighter career paths for Australian women.
The best parts of Australia for women to work
The WGEA has outlined the best industries and states / territories when it comes to the wage gap.
- Public Administration and Safety has the lowest wage gap, at 7.1 per cent.
- The Australian Capital Territory has a split of 10.9 per cent - the best in the country.
- Retail trade and healthcare had the biggest drop in wage gap over 2016 (4 per cent and 4.1 per cent respectively).
- The Public Sector average wage gap is 12 per cent, compared to 19.6 per cent in the private sector.
While this might not offer a concrete solution to finding the best career for you as a woman, it does highlight where improvements are being made. Here at Yellow Brick Road, we're working hard to address the financial advice sector's wage gap with our Women in Finance campaign - get in touch to find out more.