Citigroup Admits It Pays Women 29% Less Than Men

By Ruth Umoh, January 17, 2019

In a surprisingly transparent move on Wednesday, Citigroup revealed that female employees globally earn 29% less than their male counterparts, while U.S. minorities earn 7% less than non-minority employees.

Citigroup is the first U.S. bank to publish unadjusted pay gap figures, which the financial institution defined in a press release as “the difference in median total compensation when we don’t adjust for factors such as job function, level and geography.”

When adjusted to account for these factors, however, the bank said that women globally are paid 99% of what men are paid on average and there is no statistically significant difference between the earnings of U.S. minorities and non-minorities at Citi.

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