The wage gap between men and women in commercial real estate has widened over the past five years, leaving women at all levels underpaid, underrepresented and increasingly unsatisfied with their careers in 2020, according to a new benchmark study report by Commercial Real Estate Women Network.
A survey of 2,930 industry professionals from across all CRE sectors found that for fixed base salaries, women make an average 10% less than men. For lucrative commissions and bonuses, women take home a whopping 56% less on average than their male counterparts.
When average fixed salaries, bonuses and commissions are combined, women make a total of 34% less than men in 2020, an increase of nearly 11 percentage points from 2015, CREW found.
CREW gathered 2,930 survey responses between Jan. 2 and March 31, an increase of 34% from the number of respondents to the 2015 survey. Of those respondents, 82.4% identified as women, while 17.5% identified as men. Nonbinary participants accounted for less than 1%.The survey posed…
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