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Gender pay gap is 55.5% at Goldman Sachs UK subsidiary

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Gender pay gap is 55.5% at Goldman Sachs UK subsidiary

Female employees at Goldman Sachs International are paid 55.5% less than male employees on average, according to a gender pay gap report from the company's parent, Goldman Sachs Group Inc.

The bonuses women receive at Goldman Sachs International are 72.2% smaller on average, the company said.

"As a global firm, the advancement of women is top of mind for us," Goldman Sachs wrote in a statement. "Yet we have significant work to do."

In an email sent to the company's employees March 15, Lloyd Blankfein, the firm's chairman and CEO, and David Michael Solomon, president and co-COO of the company, said the firm has made progress in recent years toward the advancement of women in the workplace, but that there is still significant progress to be made.

The executives said a major first step is to have women make up 50% of the company's incoming analyst class by 2021.

In a move toward achieving that goal, Goldman Sachs signed the UK Women in Finance Charter. Charter signatories pledge that women will represent at least 30% of leadership at the vice president level and above by 2023.