Women holding managerial roles in the financial and insurance services sector get about 30.8% less in overall remuneration than their male counterparts, a new report says.

The unequal pay scales mean the industry has the third-worst record when it comes to gender pay parity, the Workplace Gender Equality Agency says in a joint study with Bankwest Curtin Economics Centre.

Rental, hiring and real estate services topped the list on 35.6%, followed by retail trade on 34.9%. On a base pay basis, financial and insurance services came in at sixth on 23.1%.

Women account for 48.1% of the industry’s full-time employees but the share of managers is only 37.7%, the report says.

Progress has been reasonably strong in the last five years, with female representation in top tier and middle level managerial roles improving by more than four percentage points.

But the share of women executives in financial and insurance services has only moved up from 24.6% to 25.3% over the same period.

The Gender Equity Insights 2019 report says it will take another 80 years – until 2100 – for female CEOs to achieve across-the-board equal representation with their male counterparts.

It says the country’s highest-paid men are still earning at least $162,000 more than the women commanding the biggest salaries.