Jobs in financial services have the highest average pay, while retail/apparel ones are the lowest for working mothers.
That’s the conclusion of a Working Mother Research Institute survey, which polled more than 1,500 working mothers to reveal the “Best Industries for Working Moms.” The survey comes out today, which is Equal Pay Day.
The survey showed that women who work in financial services have a median income of $47,410, followed by professional services, management consulting and accounting professions, at $46,470. The lowest median annual incomes reported in the survey were found among working mothers in education at $38,960 and retail/apparel jobs at $28,740.
The data analysis focuses on patterns of pay and raises for women, as well as other key career factors. The complete results are on workingmother.com.
Jennifer Owens, editorial director, Working Mother Media, said, “Obviously, salary isn’t the only way to judge a career, especially as your life becomes increasingly complicated. Some fields have more potential than others when it comes to career-oriented working mothers and it’s important to factor the satisfaction levels with each industry.”
Subha V. Barry, vice president and general manager, Working Mother Media, said, “In today’s global job market, women still earn only 79 cents for each dollar paid to men. There is still much work to be done to ensure fair pay for all and it’s important that we stay focused on the inequalities in the numbers.”
Of the mothers surveyed, about half work in education, financial services, health care, manufacturing, professional services and retail — with at least 60 women working in each field. WMRI also surveyed moms from the technology, hospitality, insurance and non-profit fields, as well as 400 who called their industry “other,” but not in large enough numbers to compare their responses with statistical significance.
Among those surveyed, financial services scored the highest in satisfaction levels among working mothers, with careers prospects at 63 percent. Some 47 percent of teacher moms surveyed called themselves satisfied with their career prospects.
About half of the working moms surveyed in most fields said they received raises within the last year. Among the fields they were most likely to say they received a raise: financial services (55 percent); hospitals/health care (53 percent); manufacturing (52 percent), and retail/apparel (49 percent). Teachers were the least likely to receive a merit raise within the past 12 months, at 29 percent.
The survey was taken the week of April 20, 2015, and polled employed women, ages 18 to 64 with at least one child under the age of 18 living in the household.