Notes

Farnoush Farsiar - Why are there so few women working in finance?
Women are breaking through the barriers to achieve amazing success in a range of fields. The unfortunate reality is that the percentage of women working in finance remains shockingly low. It's unlikely that this trend will change anytime soon.

Deloitte insights estimates that 31% of financial industry employees will be female in 2030. It begs the question "Why there aren't more women working in the finance industry?" There are numerous theories. However, we were looking for an expert. Farnoush Farnoush is a highly skilled financial professional who is passionate about women's empowerment is our interview subject.

How many women work in the field of finance?

The U.S. is home to 57% of the workforce. However the country only has 24% in financial positions. The projected increase in female participation is 28 percent over the next 10 years and rising from 24% by 2021. This is still way below the parity.

It's not just a problem faced by women. Farnoush said it's also a major issue in the economy. Farsiar said that teams with different leadership styles are more successful than teams with the same range of viewpoints. It's crucial that women be represented in these areas. However, it's also essential for the country.

There are many theories as to why women are underrepresented in the financial industry. The most popular hypothesis is that the finance industry is too masculine and competitive to allow women to make it into. Another theory suggests that careers in finance are discouraged for women by peers or their parents.

Farnoush Farsiar Farsiar believes socialization of women from an early age is at the root of the issue. Farnoush Farsiar "Women from an early age are taught to be risk-takers, but caretakers. "We are taught not to risk our lives, but instead to play it safe. This is not conducive for a career as a financial analyst.

It's not enough that women are trained to be caretakers. They're also viewed as people-pleasers. Farsiar claimed that women were taught to be polite. "But in the world of finance you must be able to stand up for yourself. You need to be able to advocate for your thoughts.

Farsiar asks: Where are the females who work in finance?
At the top of the financial sector women are disproportionately underrepresented. Women are only about 10% of executive-level positions, according to a 2016-2017 study by Pew Research. Just 11.5% are women in the top financial company boards.

This imbalance has real-world consequences for women working in finance. Women are less likely than their male colleagues will be promoted and they are also more likely to leave the field.

The good news? Women are slowly, but surely becoming more senior. Farnoush Farsiar believes that this is due in part to the ##womenshould campaign, that has resulted in a greater awareness of the absence of diversity. Farsiar states that she believes that the #MeToo campaign also had a significant impact. Women are now beginning to defend their rights and demanding changes.

The obstacles for women who want to pursue finance
There are a number of obstacles that hinder women from advancing into finance. Lack of role models is one of these biggest obstacles. Women in finance are often the only woman within their field and can lead to isolation.

Farsiar stated that it can be daunting to be the only female present in the room. "You feel that you have to be flawless every time and you can't make mistakes."

Another barrier is the "old guys' club" mentality in many finance companies. It is the belief that men are more favourable to other men, and women are left out.

Farsiar acknowledges "there is a lot of truth in this." "I have witnessed it personally. Farnoush Farsiar Even if the woman has higher qualifications, men are still able to promote other people.

This"old boys' club" mentality can also lead to sexual harassment and discrimination. Women in the financial sector often get rude comments and unwelcome advances from their male counterparts.

Farnoush Farsiar declares "It's certainly an issue." "Women in finance are often considered to be objects and it's very difficult to make it in the financial world if you're treated that way."

Farnoush Farsiar Inflexibility in working hours is another issue. Females are more likely than males to be entrusted with household responsibilities, like caring for children or elderly parents. Women require flexible work arrangements in order to balance work and family.

"Finance has a high-stakes industry. Farnoush Farsiar It is difficult to manage your responsibilities when you're also working in the finance industry. Women are often forced to make a choice between their careers as well as their family professions.

Farnoush Farsiar This makes it difficult to become an experienced financial professional in the senior level and get into the business. There are numerous initiatives to tackle this issue.

https://www.talk-business.co.uk/2022/06/21/fanoush-farsiar-on-the-importance-of-gender-lens-investing/ Farnoush Farsiar believes that the future is bright for women in the field of finance.
There are many reasons to feel optimistic regarding the future of the financial sector. There are numerous initiatives aiming to increase the number women employed in the financial industry and assist them in achieving senior positions.

One such initiative is the Women Entrepreneurs Finance Initiative (WeFi), which is a collaboration between the World Bank Group & 14 governments. We-Fi supports women-led companies in emerging nations by offering financial assistance and support.

"This is an excellent initiative since it gives women access to the resources they require to start and grow their businesses," Farsiar said. "It also helps women build networks and connect with other successful women."

A different initiative is the Women in Finance Charter. The U.K. government launched it in the year 2016. The Women in Finance Charter is a commitment by financial firms to promote gender diversity.

Farsiar believes that the Women in Finance Charter represents an important step in the right direction. "It's encouraging financial companies to act on gender diversity, and it's making a difference."

Initiatives such as We-Fi or initiatives like the Women in Finance Charter make it easier for women to climb into senior positions. This is good news for females and the financial sector.



My Website: https://www.talk-business.co.uk/2022/06/21/fanoush-farsiar-on-the-importance-of-gender-lens-investing/