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Farnoush Farsiar, Why Are So Few Women in Finance
Women are breaking through barriers and achieving great successes in a variety of industries. The sad truth is, however, that women still make up a small percentage of financial professionals. It's unlikely that this trend will change any time soon.

Deloitte's insights estimates that 31% of financial sector employees will be female in 2030. This raises the question of why there's not more women in finance. There are a myriad of theories on the internet but we wanted learn from an expert on the matter. Farnoush Farnoush a highly successful financial professional who is devoted to women's empowerment was the main reason we spoke to her.

How many women are employed in finance?

The U.S. has 57 percent females in the workforce however only 24% of financial jobs. The number is projected to increase to 28% within the next 10 years, from 24% in 2021. However, it's still far below parity.

Farnoush Farsiar It's not only a problem that women face. Farnoush Farsiar said that it's a serious issue for the business world. Farsiar pointed out that diverse leadership teams perform better compared to those with fewer perspectives. "So it's not just important for females to be involved in these fields but also for the nation in general."

There are numerous theories that explain the reasons women aren't included in the financial industry. One theory states that the financial industry is too competitive and male-dominated for women to enter. https://rentry.co/vn8su A different theory suggests that their mothers and colleagues discourage women from pursuing career paths in finance.

Farsiar believes that the socialization of women from an early age is the cause of the problem. "Women are taught from a young age to be caretakers , rather than risk-takers. "We are taught to play safe and not take chances. This is not conducive for an occupation as an analyst of financials.

It's not enough to have women being trained to be caretakers. They're also socialized as people-pleasers. Farnoush Farsiar "Women are taught to be courteous and avoid conflicts," Farsiar adds. In finance, however you have to be able to communicate your ideas. You need to be able to advocate for your thoughts.

Farsiar: Where are all the Finance Women?
At the highest levels of the financial industry, women are especially underrepresented. According to a 2016-17 study conducted by Pew. There are only 11.5% are women in the top financial boards.

This can have real-world effects on women in finance. This means that women are less likely than males to be promoted and more likely to quit the finance sector.

The good news is that women are gradually, but steadily becoming more senior. Farnoush Farsiar Farnoush Farsiar believes this partly due to the #womenshould movement which has brought awareness to the dearth of diversity. Farsiar said that she was "convinced" that the #MeToo Movement had an enormous impact. Women are starting to voice their opinions and demand changes.

There are hurdles for women pursuing finance.
There are many obstacles that hinder women from pursuing finance careers. One of the most significant obstacles is the lack of role models. It is lonely for women working in finance, to be the only female in their field.

"It is really scary being the only woman in the room," Farsiar said. "You are you are under pressure to do your best and not make mistakes.

Another problem is the "old boys club" mindset that's still present in many finance firms. This is the idea that men are superior to women and that they should encourage each other.

Farsiar admits "There's plenty of truth in this." "I have seen it happen firsthand. 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. Finance women are often confronted with unwelcome advances and humiliating remarks from male colleagues.

Farnoush Farsiar declares, "It's certain that there is an issue." "Women who work in finance are typically treated like objects. It's difficult to be successful in a world where women are treated this in that way."

The inability to work flexible schedules is another obstacle. Family responsibilities are more common among women than for men. Flexible work schedules are essential for women to be able to manage work and family.

"Finance is a very demanding industry. It can be difficult to keep up with the demands of your job even when you are also juggling other obligations. Women frequently have to pick between their job or family, as well as their careers.

https://te.legra.ph/Farnoush-Farsiar-explains-why-Queen-Elizabeth-is-a-wonderful-example-of-female-leadership-02-09-3 These obstacles make getting high-level post in the financial service sector very difficult for women. There are a variety of initiatives to help change this.

Farnoush Farsiar is optimistic about the future of women working in finance
There is every reason to believe in the future of women in finance. Numerous initiatives have been taken to increase the number of women working in finance and to assist them in reaching senior positions.

One such initiative is Women Entrepreneurs Finance Initiative (WeFi), which is a partnership between the World Bank Group & 14 governments. We-Fi is an initiative to provide financing and support for women-owned businesses in emerging economies.

Farsiar said, "This program is a great one because it gives women the tools and resources to establish and grow their companies." It helps them create networks and network with other women entrepreneurs.

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 significant step in the right direction." "It is encouraging financial institutions to work regarding gender diversity and is already creating a positive change."

Women are more likely to get promoted and get the chance to be employed in high-level financial positions because of initiatives like We-Fi. This is good news for women as well as the financial sector.



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