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Female graduates to end City 'boy's club'

Published: Thursday, 06 August 2009   Category: Diversity Jobs

The recession could lead to more jobs for women in the financial services, usually associated with a "macho" culture, according to one expert.

Writing in the Guardian, Katie Allen, media business correspondent for the newspaper, said that females are taking up a larger proportion of all university graduates, which could force the sector to change its ways.

Some 60 per cent of total UK graduates are now women, according to Ms Allen's figures.

However, she cites Kate Smurthwaite, who landed a graduate job in the City several years ago, and said that the male culture is still prevalent.

"The big investment banks are ripe ground for tales of glass ceilings, strip club outings and hugely unequal pay. The upper echelons are dominated by men and the City has some of the starkest gender pay gaps in Britain," the expert said.

Lee Elliot Major, director of research at the Sutton Trust, recently told the Times that businesses should also not restrict their vacancies to graduates from the UK's top universities.

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