Testosterone-fuelled trading rooms and the burden of childcare has caused women to drop out of senior City jobs, leaving just one in five senior roles filled by females, a report has warned.
Just 6pc of managing directors in the City are women, while just a fifth of all senior workers are female, the research shows ahead of a long-awaited decision this week by the EU on whether to impose boardroom quotas for females.
The report by Astbury Marsden, the City recruitment firm, showed that commodity trading and corporate stockbroking are among the least gender diverse sectors of financial services, with 91pc and 84pc, respectively, of mid and senior level jobs being held by men.
Mark Cameron, chief operating officer at Astbury Marsden, said: “Some trading room floors are still male dominated arenas, which are too testosterone-heavy. Historically, there has been a small pool of women wanting to enter what they see as a male dominated sector, and this feeds through to even fewer women reaching top positions.”
On Wednesday the European Commission will debate whether to impose female boardroom quotas for listed companies. EU Justice Commissioner Viviane Reding had pushed to impose a 40pc female quota but this was opposed by several countries, including the UK.