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Citigroup Female Employees Earn 27% Less Than Males

On a global median basis, Citi's women employees did slightly better than last year but still lag severely vs male employees.

Image: Citigroup

(Reuters) – Citigroup’s female employees earn 27% less than male employees on a global median basis, the Wall Street bank said on Wednesday.

The median pay for Citi’s women employees globally was just 73% of the median for men, improving from 71% last year, according to an internal analysis.

For minorities in the United States, the median pay was 94% of the median for non-minorities, up from 93% last year.

The third-largest U.S. bank has said it wants women employees to hold at least 40% of roles at assistant vice-president level through to managing director level by the end of 2021, with 8% of such roles in the United States held by black employees.

Citi and other Wall Street banks have been under pressure to disclose how much less it pays women than men.

Reporting by C Nivedita in Bengaluru; Editing by Maju Samuel.

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Source: Reuters