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Business performanceEthicsLatest NewsEconomics, government & businessHR strategy

Women high-flyers reject ‘unethical’ City careers

by Personnel Today 22 Mar 2010
by Personnel Today 22 Mar 2010

Some of the country’s brightest women students are deciding against careers in the City, seeing it as unethical and offering poor prospects for women.

In a survey of 450 Oxford undergraduates, women students saw banking as the occupation in which they would be most likely to experience discrimination.

Almost 70% of the women surveyed expected this discrimination to lead to poorer prospects for promotion, while half of them anticipated discrimination in workplace culture and pay.

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Over one-third (35%) expected discrimination in day-to-day treatment and almost 30% in terms of flexible working hours, reports the Times.

Most of the women surveyed regarded banking as ‘demonstrably unethical’, preferring careers combining good material rewards with the potential to make a contribution to society, such as engineering and environmental work. Lesley McLeod, communications director of the British Bankers’ Association, said: “The balance of women getting senior positions in banking is slowly changing. It is getting better, but it is a slower process than perhaps many of us would like.”

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