The Impact of Salary Differential on Managerial Job Satisfaction: a Study of the Gender Gap and Its Implications for Management Education and Practice in a Developing Economy

One of the most notable changes in the banking sector in Nigeria has been the increasing number of women who have entered the banking profession in recent years. Throughout the country, men have typically dominated the position of bank manager. In recent years, however, there has been a substantial increase in the number of women who are bank managers in Nigeria. This trend has generated considerable interest in the study of gender related issues in the banking sector. This study investigated the impact of salary differential on job satisfaction of male and female bank managers in Nigeria. Data were collected from 340 bank managers who were members of the Chartered Institute of Bankers of Nigeria (CIBN). The results show that there was a significant gap in salary between male and female bank managers in Nigeria and that female bank managers were less satisfied with their salary than their male counterparts. Implications for management education and practice are discussed.