Headhunters Astbury Marsden has found that women now hold 12% of MD roles, up from 6% last year, and at the next level down, women make up almost a fifth of the workforce. This is an increase of 5% at director/vice-president level.
The survey of more than 25,000 positions in the City and Canary Wharf at middle and senior levels, also found that the proportion of women working at professional levels in financial services rose over the year, from 18% to 20%.
However, the study concluded that women still tend to do best at promotions or appointments in specific areas, such as HR, where women hold 60% of all roles.
Mark Cameron, chief operating officer at Astbury Marsden said, “Our research demonstrates the fact that a higher proportion of women working in the City are now breaking through the glass-ceiling and reaching senior management positions.
“However, there is also the question as to why the women have a much lower overall representation in some of the higher paid areas of financial services such as positions in corporate broking and stockbroking or positions in private equity.”
Astbury Marsden’s research also suggested women in the City seem to have a greater grip on their work-life balance then men, with the survey finding 43% of women worked more than 45 hours a week, compared to 56% of men.
Figures published in October showed that overall the number of women in British boardrooms has risen, the percentage increasing to 19% from just 12.5% two years ago.