LONDON – New figures show that men earn an almost 60% more than women on average at some of the UK’s top financial institutions.
UK companies with more than 250 employees have been forced to reveal their gender pay gaps under new rules introduced by the British government.
Business Insider rounded up all the data that has so far been published by the largest banks, insurers, and asset managers in the UK. It includes international firms like Goldman Sachs and JPMorgan, which have large operations in Britain.
It is, in theory, possible for firms to have a gender pay gap where women earn more than men on average but it is a rarity. Average pay at all firms on this list is higher for men than that for women.
Institutions are ranked in ascending order by the size of their mean pay gap between men and women, while median pay gaps are also included.
This list will be updated as more firms release their pay stats as the government's April 5 deadline approaches.
Bank of America Merrill Lynch — 17.1%
Sector: Banking
Mean pay gap: 17.1%
Median pay gap: 20.8%
State Street Global Advisors — 18.1%
Sector: Banking
Mean pay gap: 18.1%
Median pay gap: 11.8%
Legal & General — 21%
Sector: Insurance
Mean pay gap: 21%
Median pay gap: 21.4%
Metro Bank — 22.4%
Sector: Banking
Mean pay gap: 22.4%
Median pay gap: 13.5%
London Stock Exchange — 22.4%
Sector: Market infrastructure
Mean pay gap: 22.4%
Median pay gap: 8.9%
Lloyd's of London — 27.7%
Sector: Insurance/market infrastructure
Mean pay gap: 27.7%
Median pay gap: 32.1%
Aberdeen Asset Management — 28%
Sector: Asset management
Mean pay gap: 28%
Median pay gap: 20%
Coutts — 28.2%
Sector: Banking
Mean pay gap: 28.2%
Median pay gap: 24.4%
Old Mutual — 29%
Sector: Asset management
Mean pay gap: 29%
Median pay gap: 31%
Standard Chartered — 30.4%
Sector: Banking
Mean pay gap: 30.4%
Median pay gap: 31.4%
TSB — 31%
Sector: Banking
Mean pay gap: 31%
Median pay gap: 24%
Credit Agricole — 31.6%
Sector: Banking
Mean pay gap: 31.6%
Median pay gap: 35.4%
Virgin Money — 32.5%
Sector: Banking
Mean pay gap: 32.5%
Median pay gap: 38.4%
Credit Suisse — 33.3%
Sector: Banking
Mean pay gap: 33.3%
Median pay gap: 29.9%
Societe Generale — 33.5%
Sector: Banking
Mean pay gap: 33.5%
Median pay gap: 17%
Royal Bank of Canada — 35%
Sector: Banking
Mean pay gap: 35%
Median pay gap: 30%
Schroders —35.9%
Sector: Asset management
Mean pay gap: 35.9%
Median pay gap: 44.8%
Santander — 37.1%
Sector: Banking
Mean pay gap: 37.1%
Median pay gap: 29.1%
RBS — 37.2%
Sector: Banking
Mean pay gap: 37.2%
Median pay gap: 36.5%
Lloyds Bank — 37.6%
Sector: Banking
Mean pay gap: 37.6%
Median pay gap: 42.7%
Jupiter Asset Management — 38%
Sector: Asset management
Mean pay gap: 38%
Median pay gap: 25%
Unicredit — 41.3%
Sector: Banking
Mean pay gap: 41.3%
Median pay gap: 51.9%
Barclays — 48%
Sector: Banking
Mean pay gap: 48%
Median pay gap: 43.5%
Nomura — 48.8%
Sector: Banking
Mean pay gap: 48.8%
Median pay gap: 36.9%
Morgan Stanley — 50.4%
Sector: Banking
Mean pay gap: 50.4%
Median pay gap: 46.2%
JPMorgan — 54%
Sector: Banking
Mean pay gap: 54%
Median pay gap: 54%
Goldman Sachs — 55.5%
Sector: Banking
Mean pay gap: 55.5%
Median pay gap: 36.4%
HSBC — 59%
Sector: Banking
Mean pay gap: 59%
Median pay gap: 29%
