Rich, White Men Dominate Top UK Finance Jobs, Taskforce Says
- Socioeconomic factors have strong effect on career advancement
- Progress Together was founded to improve diversity in finance
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A new industry body aimed at improving socioeconomic diversity in the UK finance industry found that half of all senior finance jobs were held by white people from wealthy families.
Affluent white men are 30 times more likely to be found in those top roles compared with working-class women from ethnic minority backgrounds, according to a report by Progress Together. In general, the report found that employees’ socioeconomic background had a much stronger effect on how quickly they could advance through a company compared with gender.