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Home > News and Publications > Equal pay
 

Equal pay

15 April 2009

Subject/Request Details: Equal pay

Date Released: 15 April 2009

Disclosure:

The following information was provided in answer to a request relating to equal pay.

Banking staff

2009  
  No. of Staff Average Salaries
Job Band Male Female Male Female
Director/Adviser 10 2 £168,665 Not provided
Band 1 30 4 £109,955 £109,837
Band 2 78 27 £89,508 £85,358
Band 3 126 48 £65,419 £65,320
Band 4 169 101 £48,198 £48,945
Band 4T 58 23 £32,535 £33,882
Band 5 129 140 £35,967 £36,581
Band 6 159 329 £26,438 £28,150
Band 7 59 51 £19,105 £18,194

To put this into context, examples are provided below of generic job descriptions of each Band above:

Job Band Examples
Director/Adviser Executive Director, Adviser to the Governor
Band 1 Head of Division
Band 2 Senior Manager
Band 3 Press Officer, Senior Economist, Manager
Band 4 Analysts, Economist, Section Manager
Band 4T New graduate entrants
Band 5 Senior clerical staff, Team Leader, PA
Band 6 Clerical staff, Research Assistants, Support staff
Band 7 New entrants, junior clerical staff

IT Staff

2009  
  No. of Staff Average Salaries
Job Band Male Female Male Female
Technical Junior 45 6 £33,540 £30,209
Technical Senior 100 22 £50,965 £48,761
Technical Consultant 12 0 £71,270 -
Scale B 11 3 £73,085 Not provided
Scale A 6 0 £91,342 -

To put this into context for you, examples are provided below of generic job descriptions of each Band above:

Job Band Examples
Technical Junior Junior Developers, Programmers, System Support
Technical Senior Developers, Programmers, System Support
Technical Consultant Technical Consultant
Scale B Junior IT Manager
Scale A Senior IT Manager

Details of the salaries paid to the Governors, other members of the Monetary Policy Committee and Non-Executive Directors are published in the Bank's Annual Report and Accounts on pages 34-36 which is available to view at:

www.bankofengland.co.uk/publications/annualreport

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