Notes

Farnoush Farsiar: Why are the women in finance so infrequent?
Women are breaking down barriers and experiencing great success in various fields. It is a sad fact, but women only make up a tiny percentage of financial professionals. It's unlikely to change, unfortunately.

Deloitte's insight states that by 2030 only 31 percent will be female financial sector employees. This raises the obvious question: Why do we have so few women in finance. There are numerous theories on why this is the case, we wanted to hear from someone who has been in the field for a long time. Farnoush Farnoush has been interviewed by us. She is an experienced financial professional who is a passionate advocate about women's empowerment.

How many women are employed in the field of finance?

In the U.S., women make up 57 percent of all workers however, they are able to hold just 24 percent of financial jobs. The expected increase in female participation is 28 percent over the next ten years, rising from 24% by 2021. It's still far short of the parity.

It's not just a problem faced by women. It's also a challenge for the economy, according to Farnoush Farsiar. Farsiar said that diverse leadership teams are more effective than those with fewer viewpoints. "So it's crucial that women are in these positions. It's also essential for the nation as a whole.

There are many theories about why women aren't more represented in the finance industry. One theory is that the finance industry is too male-dominated and competitive for women to enter the field. A different theory suggests that parents and their peers hinder women from entering financial careers.

Farsiar believes that the root of the problem is how women are socialized at an early age. "Women from a young age are taught to be risk-takers and caregivers. "We are taught to not make a risk, but rather to be safe. This doesn't help being a successful career financially.

It's not enough for women to be trained to be caretakers. They're also taught to be people-pleasers. Farsiar states that women are taught to be polite, reduce conflict and keep their differences in check. "But in the world of finance it is essential to be able to stand up for yourself. You need to be able to advocate for your thoughts.

Farsiar asks , where are the females employed in finance?
https://suite.endole.co.uk/insight/people/23756008-ms-farnoush-farsiar https://www.difc.ae/public-register/rumi-investment-limited/ The absence of women in finance is especially pronounced at the top of the industry. According to a report by Pew Researchers just 10% of finance jobs are held by women in senior executive post. Women are the holders of 11.5 percent of financial company board seats.

This could have real-world consequences for women in finance. Farnoush Farsiar Females are more likely in finance to get promoted than their male counterparts.

The positive side is that the number of women working in senior positions is gradually but steadily growing. Farnoush Farsiar believes this partly due to the #womenshould movement which has brought awareness to the dearth of diversity. https://www.privatebankerinternational.com/author/farnoushfarsiar/ Farsiar believes that the #MeToo campaign has had an amazing influence in her personal life. Women are beginning to speak up and demand changes.

Barriers to Women Getting into the world of finance
There are many obstacles that prevent women from entering the financial world. Lack of role models is a important obstacle. Finance women are typically the only woman working in their field and this can cause them to be lonely.

Farsiar acknowledged that it's a bit scary to be the sole woman present in the room. "It is like you are expected to be perfect every time, and that you shouldn't commit any mistakes."

Another issue is the "old boys' club" mentality that is still prevalent in many finance companies. This refers to the notion that men are the ones who promote women, while women are excluded.

https://reportlet.co.uk/psc/4JvfQwpTV8vIqepLTGpSXcssw-o/ms-farnoush-farsiar-aidi "There's plenty of truth in it," Farsiar admits. "I have seen it happen firsthand. Men will be able to promote men regardless of whether they are better qualified."

This"old boys' club" mentality can lead to the harassment of women and discrimination. Female finance professionals are frequently subjected ostracizing comments and unwanted advances from male colleagues.

Farnoush Farsiar exclaims that "it's certain that there is a issue." "Women working in finance are usually treated as objects. It's not easy to be successful when you treat women that in that way."

The last obstacle is the inability to make flexible working hours. Women are more likely than men to have family responsibilities, such as taking care of children or elderly parents. Flexible working schedules are required for women to be able to manage work and family.

"Finance is a very demanding industry, and it's hard to manage the demands of your job with other obligations. Women are often forced to choose between their work and their family."

These obstacles make it extremely difficult for women to enter the finance industry and attain high-level posts. There are numerous initiatives to combat this problem.

Farnoush Farsiar is optimistic about the future of women in finance.
There are many reasons to believe that women will continue to work in financial services. There are many initiatives aiming to increase the number women employed in the financial industry and to help them reach higher post.

One example of such an initiative is Women Entrepreneurs Finance Initiative which is a partnership of 14 governments as well as the World Bank Group. We-Fi offers financing and support for women-led enterprises in emerging countries.

Farsiar said that this was a fantastic initiative as it gives women the tools to develop and create their own businesses. "It can also help them create networks and network with other women who are successful."

Another initiative is the Women in Finance Charter. The U.K. government launched it in 2016. The Women in Finance Charter is a pledge by companies in the financial sector to promote gender diversity.

Farsiar praises "The Women in Finance Charter as a major step forward." It's urging financial institutions to act on gender diversity, and is making an impact.

With initiatives like We-Fi and the Women in Finance Charter, women are more likely to join and reach senior positions. This is great news for women and the financial sector.



Website: https://fr-fr.facebook.com/pages/Farnoush-Farsiar/163318870439653