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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through more barriers and enjoying great accomplishments in many fields. The unfortunate reality is that the number of women employed in finance remains shockingly low. But, unfortunately, this will not see a significant change in the near future.

Deloitte insight estimates that 31% of financial industry employees will be women by 2030. This raises the obvious question: Why do we have many women in finance. There are numerous theories. We were looking for an expert. Farnoush Farnoush is a passionate finance professional and an advocate for women's empowerment.

How Many Women are there in the field of finance?

The U.S. employs 57% women However, just 24% hold jobs in the financial sector. That's is projected to expand to 28% over the next ten years, up from 24% in 2021--still far short of parity..

The lack of diversity isn't only a problem for women. Farnoush Farsiar believes it's also a problem to the economy. "Diverse leaders have better results than teams that do not possess a wide spectrum of opinions," Farsiar said. "So it's not just important that women are included in these professions, but it is also essential for the nation as a in general."

There are a number of theories on why women are so underrepresented in the finance industry. The most popular theory is that finance is too masculine and competitive for females to get into. Farnoush Farsiar Farnoush Farsiar Another theory is that women aren't motivated to take up careers in finance, whether by their parents or their peers.

Farsiar believes that the source of problem is in the ways women are socialized in their youth. "Women from an early age are taught to be risk-takers and caretakers. "We're taught not to take chances, but instead to be safe. That's not the best method to pursue a career in finance.

It's not enough to have women being socialized as caretakers. They're also taught to be people-pleasers. Farsiar claims that women are taught to be courteous and avoid conflict. "But you have to be able to advocate for your own ideas regarding finance. You need to be able to advocate for your thoughts.

Farnoush Farsiar Farsiar asks , where are all the women who work in finance?
Women are disproportionately underrepresented in finance at the highest levels. According to a survey conducted in 2016 and 2017 conducted by Pew Women hold only 10% of the executive-level posts. There are only 11.5 percent of women sit on the top financial company boards.

This inequality has real-world effects on women who work in finance. Women are less likely in finance to get promoted than their male counterparts.

It is good to know that women are steadily but surely rising in senior roles. Farnoush Farsiar believes it is partly due to the #womenshould campaign, which has created a greater awareness of the issue of the lack of diversity. Farsiar believes that #MeToo has had a profound influence in her personal life. Women are beginning to assert their rights and demand change.

The obstacles for women who want to pursue finance
A number of obstacles prevent women from pursuing finance careers. The absence of role models is one important obstacle. Finance women are typically the only woman working in their area, which can prove to be lonely.

"It is really scary being the only female in the room" Farsiar said. "You are convinced that you need to be perfect every time and that you aren't allowed to make mistakes."

Another barrier is "old boys"club" A mindset that prevails in a lot of finance companies. This is the belief that men favor men over women and women are not promoted.

Farsiar admits that "there's more than that," he says. "I've observed this firsthand. Men are always promoting women even when they are more experienced.

This old boys club mentality can lead also to sexual discrimination or harassment. Financial women often receive rude comments and unwelcome advances from their male colleagues.

Farnoush Farsiar exclaims that "it's certain that there is a problem." "Women working in finance are often treated as objects. It can be difficult to get noticed when women are treated that in that way."

Not to be forgotten it is the issue of inflexible working arrangements. Women tend to be more likely to have the responsibility of taking care of elderly parents or children. Flexible work schedules are essential to allow them to balance work and family life.

"Finance can be a very demanding job. It can be difficult to manage other obligations. Women are often forced to make a choice between their careers and their family."

These barriers make achieving high-level post in the financial service sector very difficult for women. There are however a few initiatives that can change this.

Farnoush Farsiar believes the Future is bright for women in Finance
There are many reasons to be hopeful about the future of women in finance. Numerous initiatives have been initiated to boost their numbers and make it to the highest levels of the financial sector.

One of these initiatives, Women Entrepreneurs Finance Initiative is a collaboration of the World Bank Group with 14 governments. We-Fi helps women-owned businesses in emerging nations by offering financial assistance and support.

"This is a fantastic initiative because it gives women access to the tools they need to establish and grow their businesses," Farsiar said. "It also helps women build networks and connect with other women who are successful."

Farnoush Farsiar Farnoush Farsiar Another 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 made by financial institutions to support gender diversity.

Farsiar believes that the Women in Finance Charter represents significant progress. "It will encourage financial institutions to work in the direction of gender diversity, and is creating a positive change."

Women in Finance Charter and We-Fi are helping more women reach high-ranking positions. This is good news for both women and the financial sector.



Here's my website: https://www.asian-tapas.com/farnoush-farsiar-discusses-challenges-women-business-leaders-face/