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Farnoush Farsiar: Why are so few women in finance?
Women are increasingly breaking down barriers and experiencing great success in various industries. However, the sad fact is that the percentage of women in finance remains astonishedly small. Unfortunately, this may not change any time soon.

Deloitte's insights indicates that only 31 percent of financial professionals will be women in 2030. Farnoush Farsiar This begs a question: why are there so little women working in finance? There are many theories out on the internet but we wanted learn from an expert in the field. Farnoush Farnoush was interviewed by us. She is a highly experienced finance professional who has a passion for women empowerment.

How many women work in Finance?

The U.S. is home to 57% of the workforce. However, they only hold 24% of financial jobs. It is expected that this figure will increase to 28% over the next 10 years, compared to 24% in 2021. However, they are way short of parity.

It's not an issue just for women. Farnoush Farsiar stated that diversity is an issue for growth in the economy. Farsiar explained that teams with different leadership styles are more successful than those with the same range of viewpoints. "So it's crucial that females are represented in these occupations. It's also important for the nation."

There are a myriad of theories to explain why women aren't represented in the financial industry. One theory is that the financial sector is too masculine and competitive for women to enter the field. Another theory is that women are not encouraged by their families to pursue finance careers.

Farsiar believes that the root of the issue is how women are viewed at a young age. "Women from an early age are taught to be risk-takers and caregivers. "We are taught not to risk our lives, but instead to play it safe. This isn't conducive to being a successful career financially.

Women are taught socially to be caring for one another. "Women are taught to be courteous and avoid conflict," Farsiar adds. "But you need to be able to advocate for your own ideas regarding finance. You must be able to advocate for your own ideas.

Farnoush Farsiar Farsiar questions where are the females who work in finance?
It is particularly evident at the top of finance that there aren't enough females. Farnoush Farsiar A study by Pew research found that women make up just 10% of executive positions. Farnoush Farsiar They also hold only 11.5 percent of board seats at financial firms.

This inequality has real-world effects on women working in finance. This is because women are more likely not to get promoted than male counterparts and are more likely not to stay in the field.

The good news is that women are slowly but surely becoming more senior. Farnoush Farsiar believes part of this rise in women's senior roles is due to the #womenshould campaign , which increased awareness of the need for diversity. Farsiar believes that #MeToo has had an amazing influence in her personal life. Farnoush Farsiar Women are now beginning to defend their rights and demanding change.

The financial barriers that stop women from pursuing careers in finance
There are many barriers which prevent women from pursuing careers in the world of finance. A lack of role models is one major barrier. This can make it difficult for women who work in finance to be the sole female in their respective departments.

"It can be really intimidating being the only female in the room" Farsiar said. "You are conditioned to be flawless all every moment, and that you shouldn't be able to commit any errors."

Another problem is another issue is the "old boys club" mentality that is still common in many financial companies. This refers to the idea that men favor men over women and women are left out.

Farsiar admits that "there's lots of truth to that," he says. "I've witnessed this happen firsthand. Even if the woman is a better candidate, even if she has greater qualifications, men still encourage other people.

This"old-boys' club" mentality may also lead to discrimination and harassment of women. Female professionals in finance are often confronted with ostracizing remarks and unwelcome advances by male colleagues.

Farnoush Farsiar says, "It is certain that it is a problem." "Women in Finance are often treated as objects. It's tough to advance in a world where you're treated like a commodity."

The last barrier is the difficulty in finding flexible work schedules. Family obligations are more frequent among women than for males. They need flexible work arrangements to balance their family and work schedules.

"Finance is a very complex industry, is hard to manage when you are juggling other responsibilities. Women are often forced to make a choice between their careers and family."

These obstacles make it extremely difficult for women in the financial industry to reach higher-level posts. https://www.talk-business.co.uk/2022/06/21/fanoush-farsiar-on-the-importance-of-gender-lens-investing/ There are however several initiatives being implemented to change this.

Farnoush Farsiar believes that the future is bright for women in the field of finance.
There are many reasons to be hopeful about the future of the financial industry. Numerous initiatives have been undertaken to increase the numbers of women who work in finance, and also to help them in reaching senior positions.

One such initiative, Women Entrepreneurs Finance Initiative is a collaboration with the World Bank Group with 14 governments. We-Fi provides financing and assistance for women-owned enterprises in the developing countries.

"This is a fantastic initiative as it provides women with access to the tools they need to begin and expand their business," Farsiar said. "It can also help them create networks and connect with other successful women."

The Women in Finance Charter was another initiative that the U.K. government launched in the year of 2016. The Women in Finance Charter encourages gender diversity.

Farsiar believes the Women in Finance Charter "is a great leap forward." It encourages financial firms and other businesses to consider gender diversity.

Women tend to be more likely to be promoted and get the chance to hold senior financial positions because of initiatives like We-Fi. This is an excellent thing for both the financial and women sectors.



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