The Centre for Economic Research (based at London School of Economics) has carried out some research into the respective gender value of degrees.
Men with a first class degree can expect to earn 6% more over the course of a working life than someone with a 2:1, even though the difference in marks may just be a few points. Employers, it seems use a first class degree as an indicator much more than they did a few years back when hiring staff.
Which should be good news all round for those with first class degrees. Except these stats don’t apply to women. No discernible difference was seen with women who had first class degrees.
The researchers confess themselves puzzled by this gender split and wonder if it’s because the men were likely to ask for more money in the first place, or to be given a higher salary on recruitment.
From my experience of working one to one with women I’d say both those things are true. I’ve worked with several women who have found out that their male colleagues started higher up the pay scale than they did, although this fact was not broadcast for obvious reasons. In my coaching I encourage women to have the self belief that they are worth more and ask for a higher salary than the one offered; in many cases they get it.
In the 21st century it’s an unacceptable fact that men still earn more than women and one that we all need to address. Unconscious bias? Lack of confidence? Penalty for child bearing years? Whatever the cause it’s not right and needs to change!
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Photo via Stock Exchange
Posted on May 31st, 2013 by Jane