Germany's Gender Pay Gap Persists in Banking and Finance
In Germany, women in the banking industry earn an average of €54,416, which is notably lower than the €65,687 earned by men in the insurance sector. This disparity highlights the persistent gender pay gap in the country. Meanwhile, in Switzerland, women lead in high-paying sectors like finance and public administration, with average salaries around CHF 94,000.
In Germany, part-time work is more common among women, with 48.8 percent employed part-time compared to just 11.8 percent of men. This difference may contribute to the overall gender pay gap, which stands at 17 percent. The gap is particularly pronounced in the financial sector, where women earn 24 percent less than men at entry level, and often widens with experience.
In Austria, the IT sector tops the list for women with an average salary of €50,910, while men lead in banking with €62,000. Job satisfaction is highest in Germany's energy sector, with an average salary of €60,526. The insurance industry offers the highest average salary of €62,203 and a high job satisfaction rate of 73 percent.
Addressing the gender pay gap remains a significant challenge in Germany, with women earning less than men in most high-paying industries. While women in Switzerland lead in certain sectors, the gap persists and requires targeted efforts to close. Understanding these disparities is the first step towards creating a more equal work environment.
