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Farnoush Farsiar: Why are there so few women in finance?
Women are breaking through barriers and achieving great success across a variety of fields. However, the sad truth is that only a tiny percent of women work in finance. It's not likely to change, unfortunately.

Deloitte's insights suggests that only 31 percent of finance professionals will be women in 2030. This begs the question how come there isn't a lot of women in finance? There are many theories on the internet, but we wanted to learn from an expert in the field. We conducted an interview with Farnoush Farsiar an accomplished finance professional who is passionate about women empowerment.

What percentage of women are employed in finance?

The U.S. has 57% female workforce however only 24% jobs in the financial sector. This number is predicted to increase to 28% within the next 10-20 years increasing from 24% at present.

The lack of diversity isn't just a concern for women. Farnoush Farsiar is of the opinion that it's a problem that affects the economy. Farsiar stated that diverse leadership teams are more effective than those that have less perspectives. "So it's not just important for women to be represented in these professions; it's also critical for the country in general."

There are several theories about why women are so underrepresented in the financial industry. The most popular hypothesis is that the financial industry is too male-dominated and competitive for women to break in. Another theory is that parents and peers aren't encouraging women to consider career paths in finance.

Farsiar believes that the socialization of women in their early years is the root of the problem. "Women are taught at a young age to be caregivers rather than risk-takers. "We are taught not to make a risk, but rather to play it safe. http://darksside.com/user/Farnoush-Farsiar1fbbaa22/ This doesn't work for the field of finance.

It's more than just being socialized to take care of their children. Women also learn to cherish people. http://adrestyt.ru/user/Farnoush.Farsiar2bbbdd11/ Farsiar states that women are taught to be friendly and to avoid conflict. However, in the field of finance you have to be able to be able to speak for yourself. It is crucial to be able support your own ideas.

Farsiar - Where are all the women in finance and accounting?
Particularly at the top of the financial industry, the lack of women in finance ranks is alarming. Farnoush Farsiar According to a survey conducted in 2016 and 2017 by Pew the women in finance hold just 10% of the executive-level positions. Women are the holders of 11.5 percent of financial company board seats.

This imbalance has real-world implications for women working in finance. This imbalance means that women are more likely than men to be promoted and are more likely to leave finance.

The good news is the increase in women holding senior positions is slow but steady. Farnoush Farsiar believes that this is due in part to the #womenshould movement, which has led to an increased awareness of the lack of diversity. Farsiar states she's "convinced that the #MeToo movement has also had an impact. Women are speaking out more and calling for change.

The financial barriers that stop women from taking up finance careers
There are many obstacles that hinder women from pursuing finance careers. Lack of role models is among the significant obstacle. Women in finance are typically the only ones working in their departments, which can lead to being isolated.

Farsiar said that being the sole female in a room is very intimidating. "You think you need to be perfect every time, and you cannot be a fool."

Another barrier is the old boys' club mentality that is still prevalent in a lot of financial institutions. Farnoush Farsiar This is the belief that men are superior to women and that they should encourage each other.

Farsiar admitsthat "There's a lot truth to this." "I've seen this happening firsthand. Men will make other men feel superior regardless of whether the woman is more qualified."

The old boys' club mentality can also lead to sexual harassment or discrimination. Male colleagues in finance often make sexist remarks towards women, and also make inappropriate advances to.

Farnoush Farsiar declares, "It's certainly a problem." "Women in finance are often considered objects, and it's difficult to make it in the financial world if you're treated that way."

The last barrier is the inability to find flexible work arrangements. Family obligations are more prevalent for women than men. Flexible work schedules are essential to ensure that they can balance work and family life.

"Finance is a very challenging industry. It isn't easy to manage these demands when you have other responsibilities. http://scenep2p.com/user/Farnoush-Farsiar3dccbb22/ Women are often required to choose between their work and family."

These obstacles make it extremely difficult for women to get into the financial sector and achieve senior positions. There are many initiatives to address this issue.

Farnoush Farsiar Believes the Future is bright for women in Finance
There is every reason to be hopeful about the future of women's careers in finance. Many initiatives are being implemented to boost women's involvement in the financial market, and to help women as they pursue high-level roles.

One such initiative is Women Entrepreneurs Finance Initiative, a partnership between 14 governments as well as the World Bank Group. We-Fi provides financing and assistance for women-led businesses in developing countries.

Farsiar explained, "This initiative is great because it gives women access the resources they need to begin and expand their businesses." "It will also assist women in building networks and networks with other successful women."

The Women in Finance Charter, launched by the U.K. in 2016, is an additional initiative. The Women in Finance Charter encourages gender diversity.

Farsiar says the Women in Finance Charter "is a great leap ahead." Financial companies are being encouraged to act on gender diversity and has made an impact.

Through initiatives such as We-Fi as well as the Women in Finance Charter, more women get to enter and reach senior positions. This is good news for women and men and the financial sector.



Website: http://darksside.com/user/Farnoush-Farsiar1fbbaa22/