Monzo Bank Limited

United Kingdom · 1000-4999 · monzo.com/blog/an-update-on-our-gender-pay-gap-2023

Reporting year: 2024

Mean pay gap

17.3%

17.3%in favour of men

Median pay gap

6.3%

6.3%in favour of men

Bonus gap

41.9%

41.9%in favour of men

Pay quartiles (share of women)

Upper (highest paid)

38.5%

61.5%

Upper middle

49.5%

50.5%

Lower middle

51.7%

48.3%

Lower (lowest paid)

53%

47%

women men

Mandatory UK gender pay gap report, snapshot year 2024 (employers 250+). Positive % means men paid more.

Source: UK Gender Pay Gap Service

Reporting year: 2023

Mean pay gap

18.3%

18.3%in favour of men

Median pay gap

8.1%

8.1%in favour of men

Bonus gap

46.5%

46.5%in favour of men

Pay quartiles (share of women)

Upper (highest paid)

35.3%

64.7%

Upper middle

52.5%

47.5%

Lower middle

48.3%

51.7%

Lower (lowest paid)

50.8%

49.2%

women men

Mandatory UK gender pay gap report, snapshot year 2023 (employers 250+). Positive % means men paid more.

Source: UK Gender Pay Gap Service

Reporting year: 2022

Mean pay gap

18%

18%in favour of men

Median pay gap

9.3%

9.3%in favour of men

Bonus gap

56%

56%in favour of men

Pay quartiles (share of women)

Upper (highest paid)

38.2%

61.8%

Upper middle

48.6%

51.4%

Lower middle

51.4%

48.6%

Lower (lowest paid)

52.1%

47.9%

women men

Mandatory UK gender pay gap report, snapshot year 2022 (employers 250+). Positive % means men paid more.

Source: UK Gender Pay Gap Service

Reporting year: 2021

Mean pay gap

15.6%

15.6%in favour of men

Median pay gap

4.3%

4.3%in favour of men

Bonus gap

33.4%

33.4%in favour of men

Pay quartiles (share of women)

Upper (highest paid)

34.9%

65.1%

Upper middle

50.1%

49.9%

Lower middle

47.9%

52.1%

Lower (lowest paid)

47.5%

52.5%

women men

Mandatory UK gender pay gap report, snapshot year 2021 (employers 250+). Positive % means men paid more.

Source: UK Gender Pay Gap Service

Reporting year: 2020

Mean pay gap

15.7%

15.7%in favour of men

Median pay gap

14.3%

14.3%in favour of men

Bonus gap

6.2%

6.2%in favour of men

Pay quartiles (share of women)

Upper (highest paid)

32.8%

67.2%

Upper middle

45.6%

54.4%

Lower middle

43.2%

56.8%

Lower (lowest paid)

51.8%

48.2%

women men

Mandatory UK gender pay gap report, snapshot year 2020 (employers 250+). Positive % means men paid more.

Source: UK Gender Pay Gap Service

Reporting year: 2019

Mean pay gap

19.3%

19.3%in favour of men

Median pay gap

20.4%

20.4%in favour of men

Bonus gap

-18.9%

18.9%in favour of women

Pay quartiles (share of women)

Upper (highest paid)

26.1%

73.9%

Upper middle

47.4%

52.6%

Lower middle

46.2%

53.8%

Lower (lowest paid)

51.1%

48.9%

women men

Mandatory UK gender pay gap report, snapshot year 2019 (employers 250+). Positive % means men paid more.

Source: UK Gender Pay Gap Service

Reporting year: 2018

Mean pay gap

18%

18%in favour of men

Median pay gap

14%

14%in favour of men

Bonus gap

16%

16%in favour of men

Pay quartiles (share of women)

Upper (highest paid)

20%

80%

Upper middle

38%

62%

Lower middle

33%

67%

Lower (lowest paid)

49%

51%

women men

Mandatory UK gender pay gap report, snapshot year 2018 (employers 250+). Positive % means men paid more.

Source: UK Gender Pay Gap Service

Reporting year: 2017

Mean pay gap

26%

26%in favour of men

Median pay gap

48%

48%in favour of men

Bonus gap

39%

39%in favour of men

Pay quartiles (share of women)

Upper (highest paid)

18%

82%

Upper middle

13%

87%

Lower middle

48%

52%

Lower (lowest paid)

35%

65%

women men

Mandatory UK gender pay gap report, snapshot year 2017 (employers 250+). Positive % means men paid more.

Source: UK Gender Pay Gap Service