Europe’s €1 Million Bankers Club Is More Than 90% Male

Fewer than one in 10 of Europe’s best-paid bankers are female, new research shows, highlighting the wide gender pay gap in the financial services industry.

Just 183 out of 2,017 people earning more than €1 million ($1.1 million) were female in 2022, according to data published by the European Banking Authority on Thursday. It’s the first time the institution has provided a gender breakdown in its annual high-earners report.

The lack of diversity in finance has long been recognized as a problem but change is slow even as authorities around the world seek to close the gender pay gap. ...