Based on self-reporting responses of 2,575 accounting, finance and banking professionals across the country, the report indicates women are still making less -- at all levels. On average, women respondents make $19,000 less than men every year. Female Senior Accountants make almost $12,000 less than male Senior Accountants. Where female chief financial officers reported an average salary of $68,000, their male peers' average reported salary of $103,000.

The survey also found that the tough economy has taken a toll on the workforce. Twenty-seven percent of those interviewed left jobs because of downsizing this year, as opposed to only 20% last year. Consequently, loyalty to employers has increased compared to last year, with 33% of respondents having been at their current position less than one year, compared to 48% last year. 

Not surprisingly, pay raises across the board are not as generous as in years past. Thirty-five percent claim their last raise was less than 2%. Last year, only 29% claimed the same thing.

Traditional networking remains a key strategy in job searching. Thirty-four percent of respondents said this is how they found their most recent position. Newspapers, Web sites and recruiters are the other means reported for job searching.

View the complete 2002 CareerBank.com Salary Survey.

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