Uncategorized January 28, 2013

Female entrepreneurs earning 17 per cent more than their male counterparts

New research shows that female entrepreneurs are earning 17 per cent more than their male counterparts.

The study, which was conducted by Barclays Wealth and Investment Management, questioned a total of 2,000 high-earning workers.

It found that the average wage women entrepreneurs paid themselves was £383,000. This was 16.8 per cent higher than male entrepreneurs , who earned an average £327,000.

Talking about the results, Professor Julie Logan of the Cass Business School, told thesundaytimes.co.uk that the success may be in the women tend to be more savvy at raising finance.

She said: "Women are generally more risk averse, so they don't borrow money and they grow their own business at their own pace."

Ms Logan continued: "That may mean they expand more slowly, but they are better able to cope with a crisis. At the end of the day, if you are not repaying loads of money to a bank and you have slowly built a bigger business, you can pay yourself a larger salary.

The data also showed that female part-time workers were ahead of men by 5 per cent. However, when looking at full-time workers who were in their 20s, men's earnings slightly beat female earnings by just under 0.5 per cent.

Statistics also showed that women who worked for other people's businesses earned 21 per cent less than men; £217,000 compared to £273,000.

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