Notes

Farnoush Farsiar, Why Are So Few Women in Finance
Women are increasingly breaking down barriers and experiencing great success in various industries. Farnoush Farsiar However, the sad truth is that very few women are working in finance. It's not likely to change, unfortunately.

According to Deloitte Insights that by 2030 only 31 percent of the employees of the financial sector will be women. This raises the question of why there aren't more women employed in the field of finance. There are many theories. But we wanted to hear from an expert. Farnoush Farnoush a successful finance professional who is deeply committed to women's empowerment was the reason we interviewed her.

How many women work in finance?

In the U.S., women make up 57% of the workforce However, they hold only 24 percent of financial jobs. The projected growth in women's participation will be 28 percent over the next ten years, up from 24% for 2021. This is still way below the parity.

The lack of diversity isn't just a concern for women. Farnoush Farsiar has stated that diversity is a problem for economic growth. Farsiar claimed that leadership teams with differing perspectives are more effective than those with no. "So it's crucial to have females in these positions. It's also crucial to the country in general.

Farnoush Farsiar There are a number of theories about the reasons women aren't as represented in the financial sector. One hypothesis is that the financial sector is too masculine and competitive to permit women to enter the field. A different theory suggests that women aren't encouraged to take up careers in finance, whether by their parents or their peers.

Farsiar believes that the source of problem is in the way women are socialized young. "Women are taught at a young age that they should be risk-takers and not caretakers. "We are taught to stay secure and not take chances. That's not a great way to lead to a career in finance."

Women are taught to be caring for one another. Farsiar claimed women were taught to be courteous. "But when it comes to finance, you have to be able be a voice for your thoughts. You must be able to and willing to stand up for yourself.

Farnoush Farsiar Farsiar What are the fate of all the finance women?
Particularly at the top of the finance industry and in the top positions of finance, the absence of women in finance ranks is alarming. According to a study conducted by Pew Researchers just 10% of finance jobs are employed by women in top executive post. Just 11.5 percent of women sit on the top financial company boards.

Farnoush Farsiar This is a real-world issue for women who work in finance. Women are less likely to be promoted than their male counterparts, and are as well more likely to leave the industry altogether.

It is good to know that women are slowly increasing their positions in senior posts. Farnoush Farsiar believes it is due in part to the #womenshould Campaignthat has brought about a greater awareness of the the lack of diversity. Farsiar declares that she's "convinced that the #MeToo campaign has also had an impact. Women are speaking out to call for change.

There are hurdles for women getting into finance
Many barriers prevent women getting into finance. A lack of role models is one of the most significant obstacles. Financial women are often the only ones working in their department, which can cause isolation.

"It can be very intimidating to be the sole female in the room" Farsiar said. "You are conditioned to be perfect all of the time, and you mustn't make any mistakes."

Another barrier is "old boys' club" A mindset that prevails in a lot of finance companies. This refers to the notion that men are the ones who promote women, while women are excluded.

Farsiar acknowledges "There's plenty of truth in that." "I've witnessed it myself. Men will be able to promote men regardless of whether women are more skilled."

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

Farnoush Farsiar declares "It's certainly an issue." "Women in Finance are often treated like objects. It's tough to get ahead when you're treated this way."

Farnoush Farsiar Lack of flexibility in working schedules is another obstacle. Women are more likely than men to be entrusted with household responsibilities, like caring for elderly or children parents. Women need flexible work arrangements in order to balance work and home.

"Finance is a very stressful profession, and it's not easy to meet those demands with other obligations. Many women are forced to choose between their career or their family.

These obstacles make it very difficult to be a senior financial professional and enter the industry. However, there are a few initiatives that can help in overcoming this.

Farnoush Farsiar believes the Future is bright for women in Finance
There are plenty of positive reasons to believe in women's future in finance. Numerous initiatives have been undertaken to boost the number of women who work in finance, and also to help them in reaching senior positions.

Farnoush Farsiar One such initiative is Women Entrepreneurs Finance Initiative (WeFi) It is a partnership between the World Bank Group & 14 governments. We-Fi helps women-owned businesses in the developing world by providing funding and assistance.

"This is a great initiative because it gives women access to the resources they require to start and grow their companies," Farsiar said. "It will also assist them in building networks and network to other women who have succeeded."

A different initiative is the Women in Finance Charter, which was launched by the U.K. government launched in the year 2016. The Women in Finance Charter is a pledge by companies in the financial sector to promote gender diversity.

Farsiar believes the Women in Finance Charter represents an important step in the right direction. Financial companies are being encouraged to be proactive about gender diversity, and is making an impact.

With initiatives like We-Fi as well as the Women in Finance Charter, women are more likely to be accepted into and hold senior positions. This is a good thing for women and the financial sector.



My Website: https://postheaven.net/farnoush-farsiar8hbbcc11/the-expert-farnoush-farsiar-explains-fintech-and-how-it-is-transforming-the