- Barclays submitted gender pay gap info that shows female investment bankers get bonuses 78.7% smaller than their male colleagues on average.
- Female bankers are paid 48% less than men on average at Barclays.
- The bank disclosed the gender pay gap data on Thursday as part of a UK government initiative.
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Female investment bankers at Barclays get bonuses that are 79% lower than men on average
Barclays is the first major UK bank to make a gender pay gap disclosure under new rules.
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Bonuses for female investment bankers at Barclays are 78.7% smaller on average compared to those paid to male bankers, the lender said in a filing on Thursday.
In total, pay packets for women are around half that of men at the bank's international division, which houses the investment bank at Barclays.
Outside of the investment banking division, Barclays pays women on average 26% less than men, and hands out bonuses to women that are 60% lower than those received by men, according to the filing.
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Nicky Morgan, the chairwoman of the UK parliament's Treasury Select Committee, said: “For this to be the case in 2018 is shocking."
"As part of our Women in Finance inquiry, we will keep a close eye on organisations as they report their gender pay gap before the April 2018 deadline. We may call for organisations to give evidence to the Committee to hear about best practice. Financial firms should be prepared to explain any gender pay gap that they may have.”
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