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Farnoush Farsiar discusses Why are There So Few Women In Finance?
Women are breaking through barriers and enjoying amazing success in many industries. Farnoush Farsiar Unfortunately, the majority of women are employed in finance. This may not change anytime soon, however.

Deloitte's insights indicates that just 31 percent of finance professionals will be female in 2030. This raises the question: why are there so few women in finance. There are a variety of theories. We wanted to hear more from an expert. Farnoush Farnoush is a passionate finance professional and advocate for women's empowerment.

Are there women in finance?

The U.S. is home to 57 percent of the working population. However the country only has 24% in financial positions. The number is projected to increase to 28% over the next 10 years from 24% by 2021. However, this is significantly below the national average.

Diversity isn't just an issue for women. Farnoush Farsiar has stated that diversity is also an issue for economic growth. http://www.checkcompany.co.uk/director/14062416/FARNOUSH-FARSIAR-AIDI Farsiar said that leadership teams that have diverse viewpoints perform better than those without. "So it's not just important for females to be included in these positions and it's equally important for the nation overall."

There are many theories on how women working in the financial industry are underrepresented. One hypothesis is that the industry is too male-dominated and competitive for women to enter. Another theory suggests that financial careers are discouraged for women by peers or parents.

Farsiar believes that women's exposure to socialization from an early age is the source of the issue. Women are taught to care for their children and take responsibility for their security. "We're taught to not make chances, but instead to play it safe. This isn't a good way to go about an occupation as an analyst in finance.

Women are socialized not only to care for other people, but also to please people. Farsiar affirms that women are taught to be courteous, avoid conflict and maintain their differences in check. "But you have to be able to advocate for your own ideas regarding finance. You should be able to speak up for your ideas.

Farsiar asks: Where are the females working in finance?
It's especially evident at the top level of finance, that there aren't enough females. According to a study conducted in 2016-17 by Pew. Just 11.5 percent of the board members in financial institutions are occupied by women.

Farnoush Farsiar This imbalance has real-world implications for women working in finance. Females are more likely to be employed in finance to be promoted than their male counterparts.

The good news is that women are slowly but surely getting older. Farnoush Farsiar believes part of the increase in women taking on senior positions is due to the #womenshould movement which increased awareness of the issue of diversity. Farsiar stated that she is "convinced" that the #MeToo movement also was a major influence. Women are beginning to speak up and call for changes.

There are obstacles for women getting into finance
There are numerous barriers preventing women from getting into the world of finance. A lack of role models is just one of the most significant obstacles. It is lonely for women working in finance, to be the sole woman in their field.

Farnoush Farsiar Farsiar admitted that it can be intimidating to be alone in a room with just one person. "You feel expected to be perfect in all situations and there must be no mistakes."

Another obstacle is another one is the "old boys"club" mentality that is still prevalent in a lot of finance companies. This is the idea which men encourage other women and that they are excluded.

Farsiar admitsthat "There's a lot truth to this." "I have witnessed it firsthand. Men will make other men feel superior, even if women are more skilled."

This"old boys' club" attitude can lead to discrimination and harassment sexually. Women in finance are frequently subject to unwelcome advances and demeaning comments from their male counterparts.

Farnoush Farsiar says, "It is certain that it is a problem." Farnoush Farsiar "Women in the field of finance are frequently treated like objects, and it's very hard to get ahead when you're being treated like that."

The last issue is the inability to make flexible working hours. Women are more likely to take on family responsibilities like caring for parents who are elderly and children. These women need flexible working arrangements in order to balance work and family.

"Finance is a very stressful profession, and it's not easy to meet those demands when you're also juggling other obligations. Women often have to choose between their career or family, as well as their professions.

https://www.asian-tapas.com/farnoush-farsiar-discusses-challenges-women-business-leaders-face/ These obstacles make getting top positions in the financial services industry very difficult for females. There are many initiatives that are being implemented to address this.

Farnoush Farsiar believes the Future is Bright For Women in Finance
There are plenty of reasons to be optimistic about the future of women in finance. https://www.businessfast.co.uk/farnoush-farsiar-explains-why-queen-elizabeth-is-an-excellent-example-of-female-leadership/ There are many initiatives that aim to increase the number of women working in the finance sector and to help them reach higher post.

One of these initiatives, Women Entrepreneurs Finance Initiative is a partnership with the World Bank Group with 14 governments. We-Fi is an initiative to provide financing and support for women-led businesses in developing economies.

"This is an excellent initiative since it gives women access to the resources they need to establish and grow their companies," Farsiar said. "It will also assist in building networks, and make connections with other women who are successful."

Another initiative is the Women in Finance Charter. This was launched by the U.K. government in 2016. The Women in Finance Charter encourages gender diversity.

Farsiar lauds "The Women in Finance Charter as a significant step in the right direction." It's encouraging financial companies to take action on gender diversity and has made an impact.

Initiatives such as We-Fi as well as initiatives like the Women in Finance Charter make it easier for women to move into top positions. Farnoush Farsiar This is good news for both the financial and female sectors.



Read More: https://www.businessfast.co.uk/farnoush-farsiar-explains-why-queen-elizabeth-is-an-excellent-example-of-female-leadership/